Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Friday, 29 May 2015

New home sales rise

New home sales rise a bit

Have lost track of how many times people have called "peak" on this series from the Housing Industry Association (HIA).

It's still rising. 

And it's likely to continue doing so, driven by multi-unit sales across the eastern seaboard.

There were small gains for detached housing and multi-unit sales in April, driven by gains in New South Wales.

However, sales in South Australia slumped to an 18 month low.