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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Wednesday, 6 July 2016

Listings decline in June

Listings fell across most captial cities in June according to SQM Research, as shown by the blue columns below, to be 1.5 per cent lower nationally.

This is generally to be expected in the colder winter months.

Canberra recorded the greatest monthly decline, down by 5.6 per cent, while over the past year the Hobart market has noticeably tightened with listing numbers down by 9.8 per cent.

Sydney's listings are some 30.9 per cent higher than at the peak of the frenzy in 2015.

As noted by Louis Christopher, MD of SQM Research this is essentially just a normalisation for Sydney listings - back towards its longer term averages - total Sydney listings still remain some 45 per cent below listing numbers in Melbourne (and indeed below the total number of listings in much smaller cities such as Brisbane and Perth). 

SQM's figures show median asking prices up solidly over the year in Sydney, Brisbane, Canberra, and Hobart, and up very strongly in Melbourne.