Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory & buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.

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.

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Monday, 22 February 2016

Hammer time


Just following on from the blog post of a couple of days ago on Sydney's multi-speed property markets, CoreLogic-RP Data reported a very strong preliminary auction clearance rate of 77.2 per cent for Sydney this week.

Source: CoreLogic-RP Data

As widely expected, however, there were sizeable variations between the sub-regions, with Blacktown (43.8 per cent) and Baulkham Hills & Hawkesbury (50 per cent) struggling along, and notably lower volumes.

On the other hand many inner suburbs recorded very strong results indeed, including City & Inner South (88.2 per cent from a total of 85 auctions) and the Eastern Suburbs (88.0 per cent from a total of 93 auctions).

Domain Group categorises sub-regions slightly differently, and recorded a rip-snorting 90.4 per cent for City & East from its sample of 66 sales, but only a 42.9 per cent clearance rate for the West.