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.

Saturday, 14 June 2014

Melbourne rolling over?

That's not a rhetorical question, I haven't really been following what is happening in Melbourne property circles all that closely of late.

Auction clearance rates in the Victorian capital have certainly been quite a bit softer than the equivalent readings in Sydney, but commentators too often get head faked by data as they insist on providing silly weekly capital city property price updates based upon an index which is clearly somewhat seasonal.

A plausible explanation is that the Melbourne market wasn't really booming earlier in 2014 in the first place, which is actually what some other data houses (SQM Research) and commentators (Ryder) were suggesting back in April

In any case, Melbourne has been on an incredible run since 2007, so a slowdown or correction may be in the post. 

Anyway, I just thought it was an interesting chart, but it would be unsurprising to see prices nationally steadily rising again in the coming months (click chart):