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.

Monday, 27 March 2017

More on Melbourne vacancies

SQM Research provides some great housing market statistics.

Here is something few would have dared to predict - vacancy rates in Melbourne, getting progressively tighter and tighter every year since 2011. 

Still heaps under construction, of course, but still the oversupply risk appears to have dissipated, at least for the time being. 


Source: SQM Research

The extent to which offshore investors have left apartments vacant is up for debate.

No doubting the main driver, though - unprecedented and sustained population growth