Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'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.

Saturday 27 November 2021

Record auction volumes

Auctions surge

A record day of auction volumes, as sellers try to lock in a deal before the Christmas lull.

Sydney recorded solid results, while Melbourne continues to cool on very high volumes.


Source: Domain

Market dynamics have changed a bit - the buyers that miss out have become more confident of finding another option now. 

---

Oil prices were down 13 per cent yesterday, while gas and diesel futures fell by more than 12 per cent, as markets feared government responses to a new virus variant. 


Travel ETFs also got walloped as governments moved to restrict travel from Africa, and markets fear a derailing of the global recovery. 

---

Uploaded this week's podcast onto YouTube in case you want to catch it there instead: