Pete Wargent blogspot

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

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

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

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

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

'Superlative work' - Grant Williams, founder RealVision.

Monday, 31 August 2015

Nw home sales have passed peak

Reports the HIA, total new home sales have steadied at a "historically high level".

Multi-unit sales were 8.3 per cent higher over the quarter, but this was driven overwhelmingly by the May result, with May 2015 representing the cyclical peak for apartments sales.

New detached house sales also peaked for this cycle back in April.


Detached house sales for the month of July were stronger in New South Wales (+4.3 per cent) but weaker in Western Australia (-4.9 per cent).