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.

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.