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 finest 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.
Wednesday, 22 March 2017
UK property prices ignore Brexit
Article 50 trigger
Not sure about anyone else, but think I've had my fill of house price indexes for a while!
Anyway, just one more for luck...
UK prices hit an all-time high in January 2017 according to the ONS, with annual gains accelerating to 6.2 per cent.
The average UK house price rose to a record high £218,000, which is £13,000 higher than a year earlier.
Gains are still being driven by England, where prices rose by 6.5 per cent.
The recovery in Northern Ireland seems to have lost some grunt, although prices are 5.7 per cent higher than a year ago.
The ONS has stopped pointing out how far prices in Ireland are below their peak, but suffice to say it's a lot.
London prices rose by 7.3 per cent over the year to a record-blitzing £491,000.
And there were even stronger annual percentage gains in the East (9.4 per cent) and South East (8.4 per cent) of England.
Let's move on to something far more exciting tomorrow: population growth and demographic trends for Australia.
I have an inkling that the population growth figures for Melbourne might throw a spanner or two in the works of the oversupply argument in the Victorian capital.