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.
Thursday, 7 January 2016
UK house prices +9.5pc
Halifax released its final UK House Price Index data for 2015, which showed prices jumping by +1.7 per cent in the final month of the calendar year to finish the year +9.5 per cent higher.
The regional data won't be released until next Wednesday, but when it is it will show London house prices surging by another 12 per cent to once again finish as the top performer.
Supply continues to dwindle, with the number of home sellers declining for a tenth consecutive month and industry data suggesting that there are perhaps ten potential buyers of each property for sale.
Mortgage approvals are rising robustly as prospective landlords rush to get in before changes to the tax legislation for the new tax year.
Those promoting the idea that lower volumes and elevated price to income ratios 'prove' that cities such as Sydney will inevitably suffer a significant correction might do well to observe the long run trend in the London chart.