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 finest 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.
Tuesday, 19 January 2016
SQM: Seasonal increase in vacancies
SQM Research reported that vacancy rates rose in December, as they usually do.
Since vacancy rates do typically rise in the month of December, the year-on-year on figures are the ones to watch here.
Vacancy rates have tightened in Hobart and Melbourne over the year, and have been unchanged for a year in Sydney and Canberra.
Brisbane vacancy rates haven't moved a great deal, but I do expect to see them move higher over the next year as more apartment projects are completed, particularly around suburbs such as Newstead and South Brisbane.
Darwin vacancy rates jumped to 4.2 per cent, while Perth is not far behind, suggesting that the recovery stage for the Perth market remains some way off.
In theory the crackdown on investor lending could result in rental growth returning over time.
Indeed, the asking rents data showed solid year-on-year increases for Sydney and Melbourne, but sharp declines in Perth and Darwin.