Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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

'One of Australia's brightest financial minds, must-follow for in-depth analysis' - David Scutt, Business Insider.

"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts, the most comprehensive analyst I follow in Australia...follow Pete Wargent' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

'Superlative work' - Grant Williams, founder RealVision.

Thursday, 7 January 2016

UK house prices +9.5pc

Halifax released its final UK House Price Index data for 2015, which showed prices jumping by +1.7 per cent in the final month of the calendar year to finish the year +9.5 per cent higher. 

The regional data won't be released until next Wednesday, but when it is it will show London house prices surging by another 12 per cent to once again finish as the top performer. 

Supply continues to dwindle, with the number of home sellers declining for a tenth consecutive month and industry data suggesting that there are perhaps ten potential buyers of each property for sale.

Mortgage approvals are rising robustly as prospective landlords rush to get in before changes to the tax legislation for the new tax year.

Those promoting the idea that lower volumes and elevated price to income ratios 'prove' that cities such as Sydney will inevitably suffer a significant correction might do well to observe the long run trend in the London chart.