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.

Friday, 27 June 2014

Dwelling prices up 10.2%

Expect RP Data to report dwelling price gains early next week for the month of June of around +1%.

This only partly reverses the "seasonal dips" of -1.9% reported in May (click chart):

Realistically prices weren't actually falling so sharply in May, simply, rather this was reflective of a lag in the data.

For what it's worth, the June figures will show big gains of +1.2% to +1.3% or so for Sydney, Brisbane and Perth, and slightly lesser gains for Melbourne, perhaps around +0.7%.

However, the index will show declines of around -0.6% for Adelaide.

Of course, month to month figures on a price index don't mean a great deal, however the broader picture appears to be that prices are increasing steadily on a national basis, but at a somewhat slower pace than may have been seen in late 2013.

It is instructive to note that while prices nationally are up by 10.2% over the past 12 months, Adelaide's market has failed to keep pace with inflation. 

This appears likely to be reflective of the weak labour market in South Australia.