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).
4 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 better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.
"Pete Wargent 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'.
"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.
Friday, 2 December 2016
Listings down 4.2pc (Melbourne asking prices up)
Lower stock levels than last year
Listings ticked a little higher in November, but nationally have sunk -4.2 per cent lower than a year ago, according to SQM Research.
Although Melbourne has he highest number of listings at 36,868, this hasn't stopped asking prices for houses driving some +13.4 per cent higher over the past year.
Asking prices for units in Melbourne have increased by +5.2 per cent over the year to November.
Stock levels were down from a year ago in Melbourne (-10 per cent), Sydney (-3.8 per cent), Hobart (-12.6 per cent), Canberra (-2.5 per cent), and Adelaide (-6.2 per cent).
Note that this is another data series suggesting that Darwin is turning a corner, it being the only capital city to record a monthly decline in listings.
The tightest market over the past year has been Hobart, with stock levels well down.
However, listings in the Tasmanian capital jumped by +7 per cent in November as vendors look to cash in on rising prices.
Listings also jumped by +5.9 per cent in Canberra in the month, perhaps a sign of things to come in the nation's capital with an unprecedented number of apartments under construction in the city.