Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory & buyer's agents, 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'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Invest in Sydney/Brisbane property markets, or for media/public speaking requests, email pete@allenwargent.com

Tuesday, 7 February 2017

Rents down in resources capitals

Rents fall

Some interesting trends from SQM Research and its asking rents index.

In Perth house rents have declined by 24 per cent over the past three years, before staging something of a bounce of late. 



Source: SQM Research

In Darwin the median asking rent for houses is also down by 22 per cent over three years.


Source: SQM Research

Over three years Sydney (11 per cent) and Melbourne (9 per cent) have recorded moderate increases.

Residex monthly update

In other news, Residex released its January market update, which showed quarterly gains for Sydney houses and units. 

Now a CoreLogic company, Residex has opted to no longer publish median prices for the cities.

While mildly annoying for those of us that like to chart the figures, it may not be entirely unexpected.

The Reserve Bank of Australia ditched median prices from its Chart Packs some time ago in favour of reporting the year-on-year change in prices. 

Median prices have not always been a useful contributor to the housing affordability debate, the inference often being that new entrants to the market should be able to afford a median priced house (whereas in the most expensive markets such as Sydney most of us entered through buying an apartment, often priced well below the median).