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.

Saturday, 20 February 2016

Sydney auction chasm


Sydney recorded a superficially strong final auction clearance rate last week of 78.1 per cent from a total of 513 auctions according to CoreLogic-RP data, eclipsing the 74.4 per cent clearance rate reported for Melbourne.

A closer inspection suggests a chasmic two-speed market has opened up in Sydney.

It is notable how both auction volumes and particularly clearance rates are low in some of the struggling areas, such as Baulkham Hills & Hawkesbury, Blacktown, the Outer West and Outer South West.

Source: CoreLogic-RP Data

On the other hand clearnace rates in some of the inner suburbs were very high indeed last week,.

Particularly see the results in the sub-regions of North Sydney & Hornsby (93.2 per cent), the City & Inner South (90.4 per cent), the Eastern Suburbs (91.8 per cent), and a number of others.