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 finest 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.

Tuesday, 26 May 2015

Darling Harbour revitalisation

Construction well underway

A couple of views of the huge structural changes around Darling Harbour from this weekend.

First, looking out from on the middle of the swinging Pyrmont Bridge over to the site of the new Convention Centre and International Hotel, being constructed by Lend Lease.


And secondly, the first of the gargantuan commercial towers at Barangaroo on the old Hungry Mile, being constructed by the same developer.


Staying at Darling Harbour myself this weekend I noted at the weekend that Lend Lease also put 581 units on the market from its Darling Square development, which sits towards the Tumbalong end of the area.

Unsurprisingly, this second release sold out in five hours flat, thereby netting $600 million in revenue for Lend Lease.

For the record, 1 bedroom apartments "started" from $800,000, 2 bedders from $1.225 million, and the penthouse sold for a stonking $10 million.

Reportedly, only a third of buyers were from offshore, while at least half were said to be owner-occupiers.

The Darling Square development will comprise around 1500 apartments in total.