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.
Wednesday, 4 February 2015
Another part of Brisbane for which development is planned - the inner northern suburb of Hamilton.
To the west of the photos below new apartments are due to come online at Rivers Edge in 2016, which is around 4km from the city.
There is little doubt about who developers will target, being a combination of investors and first homebuyers using homebuyer grants.
Brochures are released in both English and Chinese, suggesting that a high proportion of new units will likely be sold offshore.
On an obliquely related note, the ABS announced yesterday that its first homebuyer figures have been under-reported.
Some lenders only report loans to first home buyers who have also received a first home owner grant.
Thus some first home buyers not eligible for the grant were incorrectly excluded from the data.
You would have to say that this has been pretty obvious given the glaring mismatch between the data in, say, Western Australia, where first homebuyer numbers have been very high, and certain other states.
Moreover, ever more first 'homebuyers' are buying investment properties as a first step on the ladder and are thus never recorded.
The "homebuyer strike" meme always seemed likely to be a beat-up given the strength of the housing market.
More credible is that we are seeing a generational shift in attitudes and trends - people buying their first home later in life or favouring investment property.
Whether or not this persists over time isn't quite so clear.