Pete Wargent blogspot

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

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Tuesday, 19 July 2016

Brexit impact

Rightmove reported UK June asking prices down by a bit, but not a lot.

It's the beginning of a crash (again), no doubt.

Actual London prices (not asking prices) are up by a thumping 83 per cent since their 2009 nadir, so are probably overdue for a correction anyway.

Mortgage rates available from under 1 per cent are still stoking demand, though. 

Full report from Rightmove can be found here.


The Reserve Bank of Australia's Board Minutes for July leave the door open for a rate cut in August.

In particular, note the closing paragraph.