Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & 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's 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 & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & '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 Hmmm, one of the world's most popular & widely-read financial publications.

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

Saturday, 7 February 2015

UK house prices rise again

UK house prices on the Halifax measure rose again by 2 percent in January 2015 to be 8.5 percent higher over the year.

To say that the UK housing market has been "two-speed" would be a serious understatement, with London accounting for a huge portion of price gains since 2007 and regional markets floundering.

Over time we do expect capital cities to outperform regions, of course, and even within London the "Prime Central" postcodes have massively outperformed over the past 20 years, thereby once again proving the old adage "location, location...".

However, we have seen on the ground that after an enormous boom in prices activity in London is clearly now slowing.

Average prices in London were up by just 0.2 percent this quarter to be 14.9 percent higher than a year ago.

As expected the areas surrounding London which are easily commutable are now picking up where London left off as price growth ripples outward.

Prices in the south-east region are now up by 14.4 percent over the past year with annualised growth set to overtake that of London in the year ahead.