Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Must-read, must-follow, one of the finest property analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for in-depth analysis' - David Scutt, Business Insider.

"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts, the most comprehensive analyst I follow in Australia...follow Pete Wargent' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

'Superlative work' - Grant Williams, founder RealVision.

Monday, 3 October 2016

Golden week

Golden week

Chinese buyers were out in force in Melbourne for "golden week".

There were only 111 auctions in Melbourne due to the AFL Grand Final and the long weekend. 

Even so, a preliminary clearance rate of a massive 92.8 per cent was recorded...


Source: CoreLogic

Sydney also recorded a super-strong preliminary auction clearance rate of 83.8 per cent from 519 auctions.

This time last year Sydney's clearance rate was only 69.9 per cent.