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, 13 June 2014
Where is property selling fastest?
Interesting research from RP Data on council areas with the shortest average time on the market for properties in Australia.
For houses, the average shortest time on the market mainly occurs in council areas in New South Wales and Western Australia.
You wouldn't necessarily expect to see high end suburbs on this list, since luxury property markets can be quite 'thin' and often illiquid.
As a result, premium stock tends to move more slowly:
And the fastest selling times for units see the list dominated also by council areas across New South Wales and Western Australia...but mainly Sydney.
Sydney (and not regional New South Wales) is in particular all over this list like a rash: lower north shore, upper north shore, northern beaches, inner west, western Sydney, south Sydney, south-west, Hills Shire, Sutherland Shire...
The only notable omission from Sydney is the eastern suburbs.
There's been quite a bit of stock on the market of late in the east, and as noted, the higher end of the market can take a little longer to shift stock (though not much):