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.

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'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.

Saturday, 11 March 2017

Bricks & mortar

Cash rate futures markets are beginning to price a hike, albeit not until May 2018.

Not impossible, but there will be challenges.

Not least: what will plug the boom as the construction boom in the capital cities starts to decline?

Residential approvals are already falling fast, particularly for apartments, while construction accounts for the employment of well over 1 million Australians, which is a huge share of the labour force.

From Brisbane yesterday, Newstead...

The Valley...

Top end of Brunswick...

Meanwhile, some other huge projects are also now half-way constructed including at Coorparoo and peppered all over the South Bank.