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 Hmmm...one of the world's most popular & widely-read financial publications.

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

Friday, 21 October 2016

"Land prices...yet another all-time high during June quarter"

Land price ripper

Reported the Housing Industry Association (HIA). 

Residential land prices really have been steepling higher, up by another +2.6 per cent in the June 2016 quarter.

The result was again founded upon lower volumes from June 2015, underscoring the drip-fed release of vacant land.

This takes the median lot value to its highest ever level at $237,535. 

Over the past five years the median lot value in Australia has increased by +25 per cent.  


Source: HIA

In Sydney, the median lot value ballooned another +14.1 per cent higher over the financial year with volumes falling sharply lower. 

Sydney land sales declines by 38.3 per cent in the June quarter from a year ago, evidently keeping its greenfield housing and vacant land market under-supplied.

On the other hand, Hobart appears to be releasing land aplenty, with volumes up by +26.9 per cent from a year ago.