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 better 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.

Thursday, 13 July 2017

Who's still building?

Maroons win again

Brisbane eerily quiet this morning after another epic Origin win last night in from of a record assembled throng at Suncorp Stadium.


Yesterday's building activity figures showed that Queensland's attached dwelling commencements had fallen by fully 50 per cent over the year to March 2017.  

That's not unexpected given the record level of starts seen in the March 2016 quarter. 

This does mean that someone is still building medium-density, though, so who?

At West End there is a new stage getting of apartments getting underway (Virtuoso on the River), but it's quite different from much of the generic, compact investor rental stock that's already been delivered through this cycle.

The Virtuoso development will comprise 3, 4, and 5 bedroom luxury apartments and will likely be more targeted at aspirational owner-occupiers. 

And then there are the developments being commenced by non-resident developers, which are another story again.
One assumes that much of this stock will ultimately be owned by offshore buyers.