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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Wednesday, 1 June 2016
Sydney apartment prices up 15.5 per cent
Sydney market is back
CoreLogic reported its May house price index figures here.
Sydney dwelling values jumped by 3.1 per cent in May to be 6.6 per cent higher over the quarter, and 13.1 per cent higher over the year.
Brisbane prices were also up by a very solid 7.1 per cent over the year to May.
Sydney unit prices have outperformed over the past year in rising by 15.5 per cent, while houses in the harbour city have recorded 12.5 per cent price growth.
In truth the Sydney market in some outer areas is somewhat patchy.
Yet in some of our favourite suburbs for buying over the years including Bondi Junction, Vaucluse and Wollstonecraft unit auction clearance rates recorded perfect 100 per cent results in the month of May. Happy clients.
Since the end of 2008 Sydney prices have increased by 86 per cent, as compared to, say, 16 per cent in Adelaide and just 4.5 per cent in Hobart.