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.

Sunday, 2 April 2017

Thump

Another big set of auction results in Sydney, with a preliminary clearance rate of 81.3 per cent recorded, though the final clearance rate will likely be some way lower than that. 

The median auction price was $1,325,000, about 9 per cent higher than a year ago and continuing a series of high results.


From the same weekend of last year the median auction price for houses was 7 per cent higher at $1,481,000, and the median auction price for units was 10 per cent higher at $942,500.

The impact of APRA's latest round of measures is still to come. 

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There will be some interesting news about this week, including the February figures for retail trade (modest) and for international trade (another surplus expected). 

Aside from the Reserve Bank's decision, probably the most closely watched release for me will be the building approvals figures tomorrow.

January figures are always all over the place due to the time of year, but these February numbers should give us a much better read on what's going on.