Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory & buyer's agents, 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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Friday, 6 May 2016

Sydney home buyers hit for six

An interesting newspaper excerpt is copied below.

Sydney's real estate boom has priced first home buyers out of the market, it reports.

And the dreams of homeowners will be shattered with further increases predicted for this year.

The Real Estate Institute President said: "It's a very difficult time for first home buyers".

Sydney is the most expensive city for new home buyers, dearer than Melbourne.

People want to live beyond their means, but are having to consider looking at areas that aren't their first choice, or even their second choice.

"Getting your foot on the ladder is the important thing" reports the piece.

Source: Daily Mirror

From the Daily Mirror, exactly 28 years ago, on April 6, 1988.

Some things will always come and ago, others will fall in and out of vogue - the Daily Mirror for example! - and other things just stay the same...


Thanks to Derek Loy for providing the copy via Facebook.