Pete Wargent blogspot


'Must-read, must-follow, one of the best 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, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Monday, 31 July 2017

New home sales at the lowest level since 2013

Crunch time

More signs that the peak of the residential construction cycle has been and gone.

There was a 5.8 per cent drop in new house sales in June, and a 10.7 per cent drop in multi-units. 

Considerable variation around the traps, with substantial monthly drops in New South Wales, Queensland, and South Australia.

Source: HIA

The Housing Industry Association expects dwelling starts to decline for next 18 months.