Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

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'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Monday, 23 February 2015

Shares close to 7 year highs

The XJO has added around 5.7 percent in 2015, pushing the index close to a 7 year high.

Today the ASX 200 added 26.5 points or 0.45 percent.

Investors were cheered by a Greek bailout deal extension.

It seems likely that the first quarter will therefore see strong gains recorded for Australian household wealth.

In the property markets auction clearance rates in Sydney and now Brisbane are close to record highs, suggesting price gains in those markets, although some other markets appear to be softening.