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).

5 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 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'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - & author of Things That Make You Go of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Wednesday, 3 August 2016

Hobart tightens again

Listings up

SQM Research reported its listings figures for July, which confirmed that Hobart is the one genuinely tightening capital city property market in Australia. 

Total listings were down by 0.6 per cent in Hobart to just 3.397, to be down by 9.9 per cent over the year to July 2016.

Sydney has shown signs of a moderate slowdown with a total of 25,577 listings, being a 13.8 per cent increase on a year ago. 

Perth and Darwin seem be steadying a little on this metric. 

It's important to keep the increase for Sydney in perspective.

Sydney listings are well down on previous peaks, and remain well below the total number of listings in Melbourne (36,688), Brisbane (29,995), and even Perth (26,277).

In terms of median asking prices, the strongest performers over the past year according to SQM's index have included:

-Melbourne houses +15.5 per cent 

-Sydney units +6.4 per cent 

-Brisbane houses +6.2 per cent

SQM's Managing Director Louis Christopher discussed the possibility of an interest rate cut leading to an acceleration in prices in the largest capital cities.