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, 24 August 2016
Sydney vacancy rates steady
The Real Estate Institute of New South Wales (REINSW) reported that vacancy rates were steady at 1.9 per cent in Sydney in July.
The July results were fairly steady across the inner, middle, and outer suburbs, with all three segments recording the same result of 1.9 per cent.
Vacancy rates in Newcastle and the Hunter were both at 2.4 per cent.
The chart below smooths the monthly data on a 3mMA basis.
These figures back up what has already been reported by SQM Research that Sydney vacancy rates have essentially been flat throughout the past year, with supply neither loosening nor tightening.
Elsewhere July 2016 vacancy rates were somewhat higher in Coffs Harbour (3.1 per cent), Albury (3.7 per cent), and the Central Coast, (2.8 per cent).