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).

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 is 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 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'.

"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, 22 February 2016

Hammer time

2-speed

Just following on from the blog post of a couple of days ago on Sydney's multi-speed property markets, CoreLogic-RP Data reported a very strong preliminary auction clearance rate of 77.2 per cent for Sydney this week.


Source: CoreLogic-RP Data

As widely expected, however, there were sizeable variations between the sub-regions, with Blacktown (43.8 per cent) and Baulkham Hills & Hawkesbury (50 per cent) struggling along, and notably lower volumes.

On the other hand many inner suburbs recorded very strong results indeed, including City & Inner South (88.2 per cent from a total of 85 auctions) and the Eastern Suburbs (88.0 per cent from a total of 93 auctions).

Domain Group categorises sub-regions slightly differently, and recorded a rip-snorting 90.4 per cent for City & East from its sample of 66 sales, but only a 42.9 per cent clearance rate for the West.