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, 27 February 2015

Kangaroo Point

Viewpoint

One of the more popular locations in Brisbane: Kangaroo Point.

The northern edge of the penninsula is where the Story Bridge crosses to the Central Business District (CBD) and to Fortitude Valley.

The clifftops are also an attraction, in particular The Cliffs Cafe, which is where I took this photo from yesterday. 


The suburb is popular with rock climbers and lizards, and being a pleasant area, it has five parks.

Between 2006 and 2011 the population of the suburb increased by 1 percent from approximately 6,900 to 7,000 reflective of the fact the suburb is not being pumped with new supply in the same many inner Brisbane locations are.

However, adjacent suburbs such as Woolloongabba, Highgate Hill, West End and South Brisbane are set to be awash with new units which will almost certainly keep an effective lid on generic apartment prices here, as too will new tower blocks in the CBD itself.

2 bedroom unit prices in Kangaroo Point start in the low-to-mid $300,000s range, with median unit prices sitting at ~$500,000, but personally I believe there are better places to invest your money.

Median house prices are closer to ~$750,000, with a high proportion of the suburb made up of childless couples (38 percent) and renters (60 percent).

Those with mortgages are generally repaying $1,800 to $2,400 per month in repayments.

There is a city ferry service from Holman Street Pier or the city can be accessed by bus.