Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Sunday, 6 August 2017

Sky's the limit...

A photo of the new Brisbane Skytower taken earlier today, set to be the tallest residential tower in the city.

There's been a lot of debate about whether Brisbane's apartment market is oversupplied, particularly in the inner city. 

The Reserve Bank of Australia (RBA) even made special mention of the sector last week in its latest Statement, with demand from foreign buyers having cooled off since last year. 

Developers have also noted less appetite from lenders to finance projects, which is being reflected in fewer new projects getting off the ground. 

Sunland have argued that resales at significant higher prices on its Abian tower alongside the Botanical Gardens indicate that demand remains strong. 

Others point to cancelled projects and elevated vacancy rates as evidence of the sector struggling. 

My view is a bit more nuanced that most you read, as covered in detail in my market reports