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 better 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.
Sunday, 8 November 2015
An area of London that so many Aussies are familiar with, largely because of its nearness to Australia House and the High Commission, as well as being close to Trafalgar Square, a popular New Year's Eve haunt (or, just as realistically these days, the Walkabout pub at Temple).
In fact, it was in this part of the world that I gained my first experience to the phenomenal cohort that is the Aussie backpacker, a seemingly endless supply of them prepared to pull pints for a pittance in the proximate Wellington pub...in exchange for 'cheap' accommodation upstairs.
Probably doesn't happen today, of course, and in any case the once strong pound sterling is no longer the drawcard for Aussie expats that it once was.
Like much of central London, the Strand and WC2 is very much an upmarket location in 2015.
The loosely defined area between the West End and City hubs now expertly rebranded as "midtown" has become something a destination in its own right, with property prices showing very strong gains through 2014.
Dwelling supply fail
Britain's epic failure to build enough homes is quite rightly attracting reams of press in the UK at the moment as dwelling prices have spiralled.
The projected supply shortage is nothing short of frightening, with dwelling completions tracking at only a fraction of the required number, while the average house price in London has continued to rise to £500,000.
I took a couple of photos below of progress on the new St. Edward by Berkeley development at 190 Strand.
Convenient for the Tube (Temple), the City, midtown entertainment and the river, Theatreland, and indeed, the good old Wellington pub itself, the new project will come with a price tag to match.
Entry prices start at £1,465,000 (A$3.14 million) up to £9,512,500 (A$20.4 million) at the penthouse end of the range.