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.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'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.

Sunday, 24 May 2015

Business Insider


A satisfying spike in blog readership today with more than 3,500 hits over the past 24 hours.

Largely thanks to the #1 trending article on Business Insider where I debunked the flawed notion that Sydney's property boom is over due to fading demand.  

You can read it here.

Clearance rate rebound

As if to underscore the point, CoreLogic-RP Data reported a blistering preliminary auction clearance rate of 86.9 per cent for Sydney this week.

This is up from 73.1 per cent in the comparative week from the prior year.

The seemingly unstoppable inner west sub-region recorded the strongest preliminary auction clearance rate of 94.7 per cent from 76 results.

A strong preliminary auction clearance rate was also reported for Melbourne at 80.0 per cent up from just 66.6 per cent one year ago.