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

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

Thursday, 20 April 2017

Geelong leads the regions

Geelong 

Since the peak of the mining boom any number of regional centres are seriously struggling economically.

Some of the peri-urban centres located close to the capital cities are struggling a bit too with manufacturing industry closures.

However, relative proximity to the capital cities can still be a key driver of housing market demand. 

Reported CoreLogic this morning:

"Across the non-capital city auction markets, the Geelong region recorded the strongest clearance rate at 94.7 per cent."

Geelong has consistently recorded the highest auction clearance rates across the regional markets of late.

I noted a few of the likely driving forces of dwelling price gains here.

Geelong appears likely to catch the ripple effect outwards from South West Melbourne where median asking prices for houses have increased by more than 30 per cent in three years.

For units, asking prices have increased by more than 18 per cent over the past three years. 


Source: SQM Research

Geelong is located 75 kilometres to the south west of Melbourne, and is the second largest Victorian city. 

I recently analysed the latest population growth figures around the regions in more detail here