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).

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.

Wednesday, 5 April 2017

Supply!

Listings rise

SQM released its excellent weekly newsletter today which reported a low vacancy rate for Sydney of 1.92 per cent, and an even lower vacancy rate for Melbourne of 1.72 per cent. 

Stock levels on the market have generally declined since 2008 in Sydney, while in Melbourne they increased, before hitting a plateau.

It's early days, but this may be about to change in Sydney, with listings up by 11.7 per cent from a year earlier at 28,636.

This may indicate that some owners are looking to lock in recent price gains.

Monthly listings also increased in Melbourne. 


Total listings were up year-on-year in most of the capital cities, with Hobart remaining the tightest market.


SQM reported that APRA's recent regulatory measures would nevertheless not be enough to dent price gains in Sydney and Melbourne.

Indeed, asking prices did continue to rise over the preceding quarter in both cities.

The government may have a trick or two up its sleeve in the May budget yet too.