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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Monday, 3 October 2016
Capital city dwelling values +2.9pc in Q3; regions fall
With all the usual disclaimers about dwelling price indices and methodology, CoreLogic reported dwelling values rising by +1 per cent in the month of September and +2.9 per cent over the September quarter.
'Rest of state' values fell by 1.1 per cent over the quarter, however.
I read somewhere or other that this makes it 52 months of price gains since the 2012 nadir, which sounds about right.
Declines in Perth and Darwin were offset by gains elsewhere.
The strongest annual growth is still to be found in Sydney (+10.2 per cent) and Melbourne (+9 per cent), where auction clearance rates are at their strongest levels since the June 2015 quarter.
CoreLogic's figures show that it's within the inner suburbs of both capitals where demand is at its strongest, particularly in the eastern suburbs and lower north shore in Sydney's case.
In Sydney new listings are down by 18 per cent since a year ago, reflected in a lack of quality stock on the market.
On the other hand, Perth's dwelling prices are now at the same level as they were at in 2007, while Darwin prices are back at levels last seen 7 years ago.
You can download the full report here.