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'.

Monday, 7 December 2015

Listings slight decline in November

Listings tick down

SQM Research found that listings fell slightly by 0.4 per cent in November, with monthly falls being seen in Sydney, Brisbane and Perth.

This is fairly unusual to see as the spring selling season typically reaches its peak, although the decline did follow on from a surge in October. 

Over the past year listings are up in Sydney (+11.8 per cent) and Darwin (+11.4 per cent).

On the other hand Melbourne (-7.0 per cent) and Hobart (-9.1 per cent) listings have declined sharply over the year.  

Despite the increased vendor activity in Sydney over the past 12 months, the harbour city still only had 28,597 listings as at November 2015 compared to more than 44,000 in Melbourne.

A market slowdown is to be expected in Sydney given that house prices have increased by +59.4 per cent since July 2012, or nearly $400,000.

The Brisbane market is more likely to offer value for money in 2016.