Real-time thoughts & analysis of the markets, economy & more...
Co-founder & CEO of AllenWargent property buyers & WargentAdvisory (subscription market analysis for institutional clients).
Check us out here
TO COME AND SEE ME SPEAK LIVE IN SYDNEY - see www.quadrant2.net
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.
Friday, 11 March 2016
Cool for cats
Sydney's ferries often seem to feature in "best things about Sydney" lists these days.
Brisbane's CityCat system has a bit of a way to go on that front, but a series of ferry terminals were upgraded last year, commencing with a new terminal being added at Milton and then another at Regatta, a veritable boost to local business.
From memory the total budget for upgrades was in excess of $100 million across eleven CityCat terminals.
Much of the boon to apartment construction in Brisbane has been in locations close to the river, albeit not necessarily that close to existing terminals.
Holman Street (below) was one such terminal to undergo an upgrade.
The Brisbane CityCat runs seven days a week, and is a great way to get around some parts of the city.
The New Farm Riverwalk replacement, below, was also (re)opened in 2014, having somewhat expensively been torn to pieces during the 2011 floods before drifting off at an jaunty pace towards the Gateway Bridge.
Fortunately a couple of experienced tugboatmen managed to nudge it through the flood waters and safely to a halt, an arresting scene you may be able to find on Google images.
The replacement structure cost another gulp-worthy $72 million, but it is rather fabulous.
The original walkway was an ambitiously pitched floating structure, but the new model is bolted down into the bedrock of the Brisbane River, and so it ain't going anywhere (at least, one assumes).