Pete Wargent blogspot

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

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

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

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

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

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

Wednesday, 3 August 2016

Hobart tightens again

Listings up

SQM Research reported its listings figures for July, which confirmed that Hobart is the one genuinely tightening capital city property market in Australia. 

Total listings were down by 0.6 per cent in Hobart to just 3.397, to be down by 9.9 per cent over the year to July 2016.

Sydney has shown signs of a moderate slowdown with a total of 25,577 listings, being a 13.8 per cent increase on a year ago. 

Perth and Darwin seem be steadying a little on this metric. 

It's important to keep the increase for Sydney in perspective.

Sydney listings are well down on previous peaks, and remain well below the total number of listings in Melbourne (36,688), Brisbane (29,995), and even Perth (26,277).

In terms of median asking prices, the strongest performers over the past year according to SQM's index have included:

-Melbourne houses +15.5 per cent 

-Sydney units +6.4 per cent 

-Brisbane houses +6.2 per cent

SQM's Managing Director Louis Christopher discussed the possibility of an interest rate cut leading to an acceleration in prices in the largest capital cities.