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

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

Friday, 24 February 2017

London & the post-crisis recovery

UK city prices +6.9pc

Hometrack's UK 20 Cities Index saw house prices rise by 6.9 per cent over the year to January 2017.

London prices were up by 6.4 per cent over the year - which is actually the city's lowest rate of price growth for 42 months for the capital, as the premium sector has slowed significantly in response to stamp duty changes and related headwinds.

Since 2009, London and Cambridge have led the way in terms of price growth, with the capital city returning to the top of the tree with 85 per cent price growth. 

Price growth has been over 75 per cent in Oxford and Cambridge. 

Regional cities are in many cases struggling to surpass pre-crisis highs - the contract with the south east of England has been remarkably stark - but some regional cities potentially have upside. 

Source: Hometrack

Price growth in Manchester increased to 8.3 per cent in the year to January 2017. 

London, Tower Bridge, Bridge, Monument