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'.

Friday, 15 January 2016

Cranewatch

Good morning!

Just looking out the window, as you can see below there is stacks of apartment construction underway looking out over Fortitude Valley towards Bowen Hills and the Brisbane Showgrounds.


And even more apartment construction taking place in Newstead around the gasworks area.


I very much doubt we will see all of them built, but the Greater Brisbane area has seen some 19,775 units and apartments approved over the year to November. 


Self-evidently investors need to think very carefully about what and where they buy in 2016.

AMP slashes lending rates

AMP has this morning announced sweeping cuts to lending rates, which will take effect from Monday 18 January. 

The Essential Variable Loan will be slashed effective Monday by 30 basis points (bps) to just 4.08 per cent, while the 3 year fixed rate will be dropped by 28bps to 4.28 per cent. 

The variable rate on new loans to investors will be cut by fully 40bps to 4.57 per cent, while the 3 year fixed rate for investors will also drop by 35bps to 4.57 per cent.

Potentially a very significant move.