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 of the world's most popular & widely-read financial publications.

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

Friday, 2 December 2016

Listings down 4.2pc (Melbourne asking prices up)

Lower stock levels than last year

Listings ticked a little higher in November, but nationally have sunk -4.2 per cent lower than a year ago, according to SQM Research

Although Melbourne has he highest number of listings at 36,868, this hasn't stopped asking prices for houses driving some +13.4 per cent higher over the past year. 

Asking prices for units in Melbourne have increased by +5.2 per cent over the year to November. 

Stock levels were down from a year ago in Melbourne (-10 per cent), Sydney (-3.8 per cent), Hobart (-12.6 per cent), Canberra (-2.5 per cent), and Adelaide (-6.2 per cent). 

Note that this is another data series suggesting that Darwin is turning a corner, it being the only capital city to record a monthly decline in listings.

The tightest market over the past year has been Hobart, with stock levels well down.

However, listings in the Tasmanian capital jumped by +7 per cent in November as vendors look to cash in on rising prices. 

Listings also jumped by +5.9 per cent in Canberra in the month, perhaps a sign of things to come in the nation's capital with an unprecedented number of apartments under construction in the city.