Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

5 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's one of the finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete 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 & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & 'Code Red'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - author of Things That Make You Go Hmmm, one of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, 'MacroBusiness'.

Sunday, 27 March 2016

UK city prices accelerate

City prices +11 per cent

Reports Hometrack in February.

UK city house prices recorded an unseasonal acceleration as prospective landlords rush to get in before stamp duty and other tax changes to be implemented on April 5.

City house price inflation surged to +11 per cent, well ahead of the national average.

London (+13.8 per cent) marginally squeezed out Cambridge (+13.6 per cent) to record the fastest price growth.

Over the last two years London (+25 per cent) and Cambridge (+23 per cent) have clearly been the standout performers, they indeed have been for the past couple of decades. 

Prices are now falling in Aberdeen following the crash in oil prices.  

Hometrack noted that the surge was not all down to an investor rush, with 80 per cent of sales recorded going to homeowners.

While property owners continue to enjoy almost unbelievably cheap mortgage rates, the  prospect of a "Brexit" vote may temper sentiment as 2016 progresses.

The full Hometrack report can be found here.