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).

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 finest 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.

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.