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.

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Sunday, 2 April 2017

New Farm...busy

Granted it's the start of school holidays.

And then there was the schools having two days off for the Cyclone, which somewhat was generous for this part of Queensland - it was sunny with blue skies on Friday - though the local kids naturally seemed rather happy with the result. 

Regardless, by heck it's been busy around these parts of late. 

The number of families in the park and play area yesterday would have to be seen to be believed.

I was just wondering to myself yesterday whether these are the early signs of all these new inner Brisbane apartments actually being populated, and by families as well as couples. 

The area around Newstead gasworks has felt a bit the same in recent weeks, even in the evenings. 

Clearly there is lots of apartment stock still for rent - and even more under construction - but perhaps renters are steadily gravitating towards the new stock. 

Source: SQM Research

Apartment completions are expected to fall in 2018 and 2019, but this trend towards inner city living will in time have a number of consequences, including increasing competition for popular schools and making driving to work a less attractive choice. 

Over the near term the glut of new rentals will pull rental demand away from the tired old rental apartment stock (and Brisbane has plenty of that).

No strong conclusions here, but definitely a trend worth watching. 

Tomorrow's figures will confirm an ongoing drop in Brisbane apartment approvals, a tacit admission that construction has gotten ahead of demand.