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.
Sunday, 6 August 2017
Sky's the limit...
A photo of the new Brisbane Skytower taken earlier today, set to be the tallest residential tower in the city.
There's been a lot of debate about whether Brisbane's apartment market is oversupplied, particularly in the inner city.
The Reserve Bank of Australia (RBA) even made special mention of the sector last week in its latest Statement, with demand from foreign buyers having cooled off since last year.
Developers have also noted less appetite from lenders to finance projects, which is being reflected in fewer new projects getting off the ground.
Sunland have argued that resales at significant higher prices on its Abian tower alongside the Botanical Gardens indicate that demand remains strong.
Others point to cancelled projects and elevated vacancy rates as evidence of the sector struggling.
My view is a bit more nuanced that most you read, as covered in detail in my market reports.