Real-time thoughts & analysis of the markets, economy & more...
Co-founder & CEO of AllenWargent property market & hedge fund advisory.
Check us out here www.allenwargent.com - to invest in Sydney/Brisbane property or for media/public speaking requests email firstname.lastname@example.org
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.
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"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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Monday, 12 December 2016
Backatcha (Sydney & Melbourne investors return)
You lucky people.
There is literally so much news out this week, I'm going to have to ration your fun.
First, a quick look at today's somewhat improved Lending Finance figures for October.
We've already look at the homebuying sector, which has slowed in tune with lower listings this year.
However, property investor loans have come surging back after the initial pullback post-regulatory intervention.
You can see how important property is to credit growth in Australia, with total commercial lending tracking the path of property investor loans.
Commercial finance has rebounded nicely, but remains well below where it was in October 2015.
Total lending finance has thus also improved quite a bit to $68.8 billion since a seasonally adjusted lull in June, although this was 5.8 per cent lower than a year ago when the proerty investor lending boom was in full swing.
Incidentally, personal finance lending is approaching a decade low. I can't really say why, except perhaps that due to the popularity of mortgage buffers and offset accounts the survey doesn't capture what it used to (?).
Average credit card balances outstanding continue their decline from the prior year, which can only be a good thing.
SYD-MEL investors return
Property investor lending is back, and back with a vengeance in Sydney.
In Victoria and Queensland too, investors loans are on the rise.
Investor loans remain in decline in South Australia and Western Australia, but less steeply than before.
It looks as though I may have become excited too soon in Darwin as investor lending resumed its sharp downward trajectory in the Top End, a trend which has been in place for more than two years since September 2014.