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'.
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Wednesday, 5 October 2016
Selling season attracts vendors
Listings sneaked back up in all capital cities in September as spring selling season arrived and attracted vendors, according to SQM Research.
Since a year ago, only one capital city has shown a tightening in the number of listings, being Hobart in Tassie, where the total listings are down by nearly 10 per cent from one year ago.
SQM's head honcho Louis R. L. Christopher called out "modest price rises" in Hobart as a result of this tightening, with median asking prices for houses up by +6.1 per cent over the year to September.
At the other end of the spectrum Sydney total listings of 27,103 were 13 per cent higher than one year ago, although for a city of its size total listings still aren't particularly high, and remain well below where they were before the up-cycle began to hit its straps.
Glancing around the traps, year-on-year listings were also up in every other capital city.
At 37,313 Melbourne remains the king of total listings, although to date this has had little noticeable adverse impact on prices.
In terms of median asking rents, apartment asking prices were up over the year in both Sydney (+4.2 per cent) and Melbourne (+4.8 per cent).
The best performing property types on this index were houses in Melbourne (with a thumping +15.1 per cent), and the weakest performers were houses in Darwin (-6.9 per cent).
Nationally asking prices increased over the year for houses (+4.6 per cent) and units (+2.8 per cent).