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.

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.