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.
Sunday, 26 March 2017
I recently wrote a short piece here at Property Update about the mixed fortunes of regional Queensland's housing markets.
Mortgage delinquencies relating to regional Queensland have long been higher than the average in Australia since widespread flooding in the state in 2011.
But now delinquencies across parts of the state with exposure to resources are rising sharply further still.
And remember that reported delinquency rates can lag falling prices, particularly when there are high vacancy rates and high rates of unemployment.
As resources construction continues to decline over the next year, some of these housing markets will be veritable disaster zones if they aren't already.
I've spoken to investors that were market participants in the mining town markets in 2012, and the news they deliver has been universally calamitous.
For obvious reasons I don't discuss specific securities on this blog.
But stocks with exposure to various housing markets of regional Queensland are likely to cop some serious fallout.