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.

Tuesday, 1 November 2016

Capital city prices rise 7.5pc

CoreLogic reported its October dwelling prices today, which you'll no doubt read about elsewhere.

Capital city dwelling prices rose by +7.5 per cent over the year to October.

The strong gains were driven by Sydney, where dwelling prices were up +2.9 per cent for the quarter to be +10.6 per cent higher than one year ago. 

On the other hand dwelling prices in 'Rest of State' areas were down over the past year in real terms. 

Source: Commsec

In Brisbane, dwelling prices were up by 4.1 per cent over the year to October. 

Prices were down over the quarter in Adelaide and Hobart, which looks a bit unusual to be honest, especially in Hobart's case, although prices were up moderately over the year in both cases. 

Canberra house prices surged +5.9 per cent over the last three months, according to CoreLogic, which is not the kind of market higher land taxes were supposed to engender.