Pete Wargent blogspot
Co-founder & CEO of AllenWargent property advisory, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.
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.
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Tuesday, 21 March 2017
London prices hit new highs
London asking prices rose by 1.4 per cent to an all-time high £649,772 in March 2017, according to Rightmove.
Nationally the price of property coming to market rose by 1.3 per cent in the month to £310,108, with price growth having finally rippled out to the Midlands.
In London punitive stamp duties have seen prices in Kensington & Chelsea decline by a thumping 19.4 per cent over the year to £1,894,061.
The price to earnings ratio in the borough is still 38.5 times according to the ONS, however.
However, buyers have shifted their attention to cheaper and previously less fashionable boroughs.
Camden was the top performer, while Greenwich and Croydon also both featured the top five borough, both locations where we have bought in the past few years.
Later this morning the ABS will release its Residential Property Prices Indexes for Q4 2016.