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.

Thursday, 1 December 2016

Sydney home values up 14.4pc this year

While Australian share markets continue to dither at nearly 20 per cent where they were fully a decade ago, Sydney home values were up by another +14.4 per cent over the first 11 months of the year.

No wonder so many investors have given up on Aussie shares with such consistently dismal returns. 

Over the last quarter capital growth has rotated towards units in Sydney (+2.9 per cent), although quarterly house prices were still up by +2.3 per cent to be a strong +15.3 per cent higher over the year to date. 

Melbourne home values were up by a similarly robust +11.3 per cent over the past year.

Look a bit more closely, though, and you may note that Melbourne unit values were reported as being down by -1.1 per cent over the past quarter following a weak monthly result.

Brisbane & Gold Coast home values were up a steadier +4.7 per cent year-on-year, having increased by +1.5 per cent over the quarter.

Across Australia's 8 capital cities, home values were +9.3 per cent higher than a year ago.

I've noted here on several occasions that Darwin's housing market rather surprisingly seems to be finding a base, and indeed Darwin dwelling prices now moving into the black again to be up by +1.1 per cent.  

Source: CoreLogic

The full report from CoreLogic can be downloaded here