Real-time thoughts & analysis of the markets, economy & more...
Co-founder & CEO of AllenWargent property buyers & WargentAdvisory (subscription market analysis for institutional clients).
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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, 18 March 2016
Quiet end to the week
No daylight saving time in Brisbane - it fades the cows and upsets the curtains.
Or was it the other way around?
In case it wasn't already obvious, there is no major news due out today, except for an RBA presentation on "Booms, Bust, Cycles, and Risk" from Luci Ellis which commences shortly.
This week will include a "Super Saturday" for property auctions, with a total of 3,369 capital city properties going under the hammer, the highest aggregate since November 2015.
The reasons for this include the "sandwiching effect" of recent public holidays in four of the eight states and territories, and of course the upcoming Easter break.
By far and away the greatest number of auctions this week will be held in Melbourne (1,701), followed by Sydney (1,074), and Brisbane (254).
Last weekend's final auction results saw rip-snorting auction clearance figures for some inner Sydney sub-regions, particularly the Eastern Suburbs (82.8 per cent from 87 results).
However, there were some considerably weaker results further out from the centre of the city, including Parramatta (44.4 per cent), the south west (44.1 per cent), Baulkham Hills & Hawkesbury (50 per cent), Central Coast (42.9 per cent), and the Hunter region came in at under 40 per cent.
Nothing at all sold at auction in the outer west & Blue Mountains region or in the outer south west.