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.
Tuesday, 1 March 2016
SQM listings up
SQM Research recorded a surge in listings in February - which is normal for this time of year - but with some captial cities seeing larger rises than others, indicating slower selling times in some cases.
Having experienced an exceptionally tight market at times and rapid dwelling price growth in 2015, Sydney is now coming back towards a market in equilibrium with a total 25,698 listings, well up from only 21,769 this time last year (+18 per cent).
Darwin listings are also up +12 per cent over the year to February 2016, with asking prices for houses now sliding in the Top End capital, being down by -5 per cent over the year.
Melbourne still has many more listings than Sydney at 36,406, but this figure is down by -5.6 from last year, indicating a steadily tightening market.
The other market which has been tightening is Hobart with total listings in the Tasmanian capital down by -6.8 per cent over the year to February to 3,897.
Looking at the change in listings from last year, Brisbane has also tightened slightly, although Brisbane is a bit of a two-speed market, with some suburbs performing very well and others areas oversupplied with new apartments.
Asking prices for Sydney houses (+10 per cent) and units (+10.3 oer cent) remain up strongly over the year to February, while asking prices for houses in Melbourne (+13 per cent) and Brisbane (+6.5 per cent) also performed strongly.
You can find the SQM Research media releases and associated market commentary here.