Pete Wargent blogspot
Co-founder & CEO of AllenWargent property advisory, 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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Thursday, 28 April 2016
UK house prices set to slow
Although UK house prices and transactions surged in the run up to the tax deadline, price growth is now expected to slow.
Nationwide's April data (not seasonally adjusted) showed prices rising from £200,251 to a record £202,436 in the month.
However, the seasonally adjusted gain of 0.2 per cent for the month and 4.9 per cent for the year does suggest an imminent slowdown, with the annual gain dropping quite sharply from 5.7 per cent in March.
The huge surge in March was reflected by an all-time high 165,400 transactions as landlords rushed to beat the tax deadline, with lending also surging by around 60 per cent year-on-year driven by rocketing buy-to-let mortgages.
The north/south divide has continued to widen, with Nationwide's Q1 2016 data showing the gulf at a record high, as London (+11.5 per cent) and now Outer Met (+12.2 per cent) prices yet again bolted higher over the year while regional prices have stalled.
Price growth should now flatten, but watch out for a spike in rents in London and the south east of England later in 2016 as buy-to-let lending dries up.
Nationwide's reports can be found here.