Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & 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's 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 & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & '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 Hmmm, one of the world's most popular & widely-read financial publications.

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

Monday, 13 March 2017

Asking rents diverge

Rents diverge

Record dwelling construction in Sydney and Melbourne doesn't yet appear to have had much impact on rents in Sydney and Melbourne according to SQM's latest indices.

In Sydney asking rents for houses have moved 4.9 per cent higher over the past year, and have increased by some 31 per cent since mid-2009.

Apartment rents are up by 2.3 per cent over the past year to be 28 per cent higher over the same time period. 

Source: SQM Research

The story is similar in Melbourne where house and apartment rents have launched to be 6.8 per cent and 4.1 per cent higher over the past year respectively. 

Nationally the inflation figure for rents has been tracking at around two-decade lows, however.

This is largely thanks to weakness in the resources capitals of Perth and Darwin.

In Perth house rents have been trounced to be 22 per cent lower over the past three years, while apartment rents are down by 24 per cent. 

House asking rents in Darwin have been through an even tougher patch, crashing 26 per cent lower in only three years.