Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

5 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's one of the finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete 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 & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & 'Code Red'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - author of Things That Make You Go Hmmm, one of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, 'MacroBusiness'.

Monday, 29 February 2016

City Hall

A different view or three of the city of Brisbane, taken by my good self from atop the City Hall clock tower which was built between 1920 and 1930. 

The City Hall was originally proposed to be located over in Fortitude Valley, but ended up being plonked on the marshy bog that today we know and love as the concrete jungle that is King George Square. 

Ah, such foresight, in every possible regard!

The poor old City Hall has had a few minor structural issues lately - being built on essentially swamp land, in a nutshell it has been sinking towards the core of the earth, and it also has a bit of concrete cancer - so it was closed for a few years, but has now been open again to visitors since 2013.

City Hall was once the tallest building in Brisbane. Unfortunately as you can see quite a few other tall buildings have sprouted up since, rather obscuring the once diverting views.

One of the skinny Meriton serviced apartment towers to the right of shot below. 

Many if not most of the Central Business District (CBD) apartments are short stay lets, so don't believe all of the hype about city oversupply - short stay rents can be anywhere up to $1,500/week for 2 bedroom serviced apartments. Some oversupply, huh. 

Mostly the apartment overbuilding to date has been focussed around the West End, South Brisbane, Newstead, Fortitude Valley etc.

The best part of the climb is getting to see inside the 92 metre clock tower. 

With a diameter of 5 metres I believe it's the largest clock in Australia (could be wrong on that, maybe that one in Melbourne? Or actually, that one isn't 5 metres, is it? Anyway, I stand to be corrected), though the lift shaft probably isn't one for claustrophobes, being the original lift installed for use by workmen in 1929.

The clock tower design is based upon that of the Campanile in Venice, but the enormously loud bells don't chime at weekends, mainly because the hotels in the CBD complained that they were losing custom as a result.

Incidentally the original foundation stone laid in 1917 has a time capsule locked inside it within a zinc cylinder, including copies of newspapers of the day. Not so sure that people are still doing that sort of thing today, though...lob a copy of the Courier Mail under 12 Creek Street perhaps?

Well worth a visit!