Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & 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's 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 & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & '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'.

Monday, 25 May 2015

Sydney stock on market free-fallin'...

Supply and demand

It sounds overtly simplistic, but one of the major reasons that Sydney dwelling prices are rising and will continue to do so for the foreseeable future is that...well, there are more buyers than sellers.

Obvious really, innit?

It's a point I touched on briefly in my article here on Business Insider, which, by the way, is still the #1 trending article over at "BI".

Kindly please feel free to click on the link yourself...

Sydney stock droops further

Cameron Kusher of CoreLogic-RP Data tweeted his latest stock listings figures this morning.

It will come as no surprise to anyone who is active or looking to buy in the Sydney market right now to hear that stock on market has plummeted.

Total listings in Sydney declined to just 17,097, an enormous 22.3 per cent year-on-year decline.

No wonder everything priced at $1.5 million or under is selling so fast with there being so little stock on the market.

On the other hand, stock levels are rising sharply in Perth and Darwin, where the polar opposite dynamic is unfolding.

Market share of stock

As a share of total capital city listings Sydney stock has withered to a paltry 17 per cent share.


Compare this with the level of mortgages written as I have shown in my chart packs here previously, whereby New South Wales has consistently accounted for an enormous share of the market by volume over the past year.

In March 2015 more than 35 per cent of owner-occupier mortgages by volume ($6.5 billion) were written in the Premier State.

Meanwhile the $5.9 billion of investor loans was all but double the level of any other state, with Victoria's $2.97 billion paling into insignificance by comparison.

Sydneysiders - pretty please. with sugar on top - we need more listings.


The most interesting releases this week will be the preliminary Construction Work Done figures for Q1 2015, and the all important capex release for the same period.

Stay 'chooned'...