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).

5 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 finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete 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'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - & author of Things That Make You Go Hmmm...one of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

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.