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, 17 August 2015

Sydney auctions rebound to 80%+

Sydney market rebounds

CoreLogic-RP Data reported its auction clearance results here with another very strong preliminary national clearance rate of 76.3 per cent.

Sydney rebounded to be top dog once again with its preliminary clearance rate back above the "boom-time" 80 per cent level at 80.3 per cent. 

The inner west continues to look exceedingly strong with a preliminary 86.6 per cent preliminary clearance rate, while North Sydney & Hornsby also came in at an initial 85.1 per cent.

The preliminary auction clearance rate ticked back down to 76.5 per cent in Melbourne.

Brisbane recorded another solid result of above 60 per cent from far fewer listings, as is the norm for Queensland. 

The weekly clearance rate in Brisbane has been steadily gathering momentum since the market's early 2011 nadir during the floods.

Domain auction view of Sydney

You can read Domain's Sydney auction view wrap here, which reported exceptionally strong auction results for the Northern Beaches, the lower north shore, city & east, the inner west and Canterbury-Bankstown.

As also noted by CoreLogic-RP Data, the outer west/Blue Mountains results are not yet reported in full.

It seems that Sydney's property boom still has some legs left in it as the spring season rolls around again.