Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Tuesday, 21 March 2017

Inside out

London prices hit new highs

London asking prices rose by 1.4 per cent to an all-time high £649,772 in March 2017, according to Rightmove.

Nationally the price of property coming to market rose by 1.3 per cent in the month to £310,108, with price growth having finally rippled out to the Midlands. 

In London punitive stamp duties have seen prices in Kensington & Chelsea decline by a thumping 19.4 per cent over the year to £1,894,061.

The price to earnings ratio in the borough is still 38.5 times according to the ONS, however

However, buyers have shifted their attention to cheaper and previously less fashionable boroughs.

Camden was the top performer, while Greenwich and Croydon also both featured the top five borough, both locations where we have bought in the past few years. 


Later this morning the ABS will release its Residential Property Prices Indexes for Q4 2016.