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 of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Wednesday, 16 July 2014

Inner ring Sydney the best bet

Always worth reading Arek Drozda's articles, because as an independent analyst he uses hard data and facts.

In this article on Property Observer he discusses whether stronger capital growth is seen in inner Sydney, the middle or outer ring, or the remainder of the city and state.

His results were very conclusive.

Inner Sydney consistently outperforms due to the inherent scarcity of land.

An impressive array of data sets, and it's hard to imagine a more conclusive or clear-cut outcome:

"Centrally located properties in the capital city offer the best return long-term for passive property investors, whether owner occupiers or those buying to let."

The Reserve Bank itself carried out extensive analysis into similar issues and concluded that not only is employment growth, population growth and dwelling price growth focused in the inner areas of capital cities, these trends are actually accelerating rather than reversing, as documented in more detail here.

Not only is the seachange buried for now, the capital city centres are becoming self-sustaining jobs hubs, while regional centres are failing to attract population growth or labour force.

Some of Drozda's excellent data analysis is copied below...