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'.

Thursday, 21 January 2016

England house price record

The ONS released its UK House Price Indices to November 2015, which showed relative weakness across most of the home nations, but England house prices rising to a new record high of £302,000.

The UK index is now +19.4 per cent above its 2008 peak.

London prices were up by +9.8 per cent over the year to a new high of £537,000. 

The London index is now +50 per cent above it 2008 pre-downturn peak. The surrounding South East (+24 per cent) and East (+24 per cent) are also now well above their 2008 peaks.

Excluding the capital city London and the adjacent South East price growth has been more subdued.

Despite the lowest unemployment rate in more than a decade, lcoal share markets are getting flogged, the FTSE down by another -3.5 per cent to 5673.58 overnight. 

In April 2015 the index had reached as high as 7,089.

Hometrack's index, which tracks 20 UK cities, showed that London was the second fastest growing city for house prices in 2015 (+13.8 per cent).

The fastest, yet again, was Cambridge, with prices up by another +14.4 per cent over the year.