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.

Sunday, 25 June 2017

UK house price growth since 2009

UK home prices +4.7 per cent

Hometrack reported that the annual rate of house price growth in the UK picked up the pace to +4.7 per cent in May 2017, with its 20 Cities Index rising by +5.3 per cent.

In London, annual price growth slowed to +3.3 per cent (down from as high as +13 per cent a year earlier), which is the lowest rate of price growth in the capital in five years.

Hometrack noted that there are signs of the London market bottoming out. 

The price trends within the city showed that price inflation in the lowest value areas was still tracking at +4 to +6 per cent, but offset by price falls in some of the more upmarket boroughs. 

Contrary to some media reports, since 2009 London prices have increased substantially to be up by about +85 per cent, edging out Cambridge as the strongest performing housing market.

At the other end of the spectrum are Scottish cities such as Glasgow (+12 per cent) and oil-impacted Aberdeen, as well as Newcastle in the north-east of England. 


Source: Hometrack

According to Hometrack, price growth rippled out the the large regional cities over the last quarter, including in Birmingham (+3.8 per cent), Nottingham (+3.8 per cent), Manchester (+3.3 per cent), and Newcastle (+3.5 per cent).