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 finest 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.
Monday, 30 May 2016
Cambridge/London house prices leap
Cambridge and London surge
The April 2016 UK Hometrack 20 Cities Index showed that yet again the best performing UK housing markets were Cambridge, London, and daylight third.
This has been a recurring theme over the last couple of decades, with these two under-supplied markets comfortably outperforming the rest.
Indeed, Cambridge prices accelerated again to be another astonishing 26 per cent higher over the two years to April 2016.
London prices were not far behind, recording a further 25 per cent gain over the past 24 months.
UK property markets are expected to slow henceforth, in part due a crackdown on the buy-to-let sector, as well as fears of a "Brexit".
There is an exciting week of news ahead, culminating in the National Accounts for the first quarter of 2016.
Market forecasters expect the economy to have recorded GDP growth of +0.6 per cent for the March quarter, and +2.7 per cent year-on-year.
There is also a range of other releases to look forward to, including building approvals, retail trade, international trade, and private sector credit for April.
Should be a fun-packed week!