Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and 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 is 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 and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and '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 of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Wednesday, 27 July 2016

CoreLogic market update

CoreLogic's weekly figures showed that dwelling prices continue to rise nationally.

Year-to-date dwelling prices have increased by 6 per cent according the capital city index (the Queensland figures below incorporate Brisbane and Gold Coast). 

Source: CoreLogic

New stock listings have tightened recently, with the number of new listings considerably lower than 12 months ago. 

The mortgage index rolling three month trend is solid.

With low stock levels in Sydney's preliminary auction clearance rates - while struggling in some outer suburban areas - are absolutely flying in the inner west (93.9 per cent), eastern suburbs (92.9 per cent), and northern beaches (90.9 per cent).

In the words of Blackadder's dogsbody Baldrick: "Boom, boom, boom".


Potentially the most important data release in months is due out at 11.30am, being the inflation figures for the June quarter. 

After the preceding quarter's negative result another soft print could trigger further interest rate cuts. 

As a general rule of thumb if the quarterly underlying result is below 0.5 per cent, stand by for further monetary easing in 2016.