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, 28 March 2017

Yuan-way bet?

Chinese whispers...

Nice to see the media warming to one of my long-running blog themes.

While the median apartment price in Sydney has increased by 49 per cent since August 2012, for Chinese buyers the price has increased by just under 21 per cent. 

And this while prices in some Chinese cities have exploded higher. 

This simple chart helps to explain why Chinese money continues to pour into Australian real estate. 


That said, it looks as though the Aussie dollar may have turned a bit of a corner against the Chinese yuan. 

Big show

Recent studies have concluded that Chinese buyers have been very prominent in Australia's main capital city markets.

Not that this could be much of a surprise to anyone actually active in those markets.

Even the official figures from the Foreign Investment Review Board showed that approvals had tripled in only two years.

I analysed these official data in more detail here

A veritable 'great wall' of money, you might say.