Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Wednesday, 13 May 2015

Bondi

Bond-i

I used to live in Bondi a decade ago, but don't get down there so much these days, and so thought I'd take a nose around yesterday evening.

After more than half a decade of continuing strong strong capital growth in the property market since 2009 we are starting to see a little further development in the suburb.

The plot at 170 Bondi Road has seemingly been a potential development site since approximately the dawn of time.

However it appears that after several aeons have passed, a development of one and two bedroom apartments is finally set to spring up from the ground, with the cleverly named iBondi project now apparently accepting registrations.


Meanwhile a little further along on the pleasant Ocean Street, Mirvac has begun construction of The Moreton, a 190 unit development which had previously faced  down a good deal of opposition.


I've heard unsubstantiated murmurings of how much the units sold for (a lot) and how quickly (very fast) but will refrain from blogging about what I hear from the rumour mill.

In the grand scheme of things, however, this is still a minimal amount of new supply which won't do a great deal to impact the balance of the suburb very much. 

Yet another year of strong capital growth ahead for Bondi.