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 finest 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, 25 March 2017
Mad for it
Manc recovery gathers pace
The UK 20 Cities house price index rose by 6.4 per cent over the year to February 2017, having increased by 7.8 per cent over the year to February 2016.
The 5 year average growth for this index has been 6.5 per cent per annum, as the UK market continues its post-financial crisis rebound.
Nationally there has been some loss of momentum, but price growth is rippling out to some of the regional cities.
Manc moves to the top of the tree for UK house price growth at 8.8 per cent over the year to February 2017, with Pompey, Bristol, and Glasgow also scoring highly.
London prices were 5.6 per cent higher over the same period, although HomeTrack has noted a slower turnover in stock in the most expensive markets, including Bristol and Oxford.
On the other hand stock turnover has increased in some regional cities away from London, which likely bodes well for disruptive players in the real estate markets such as Purplebricks.
Aberdeen was the worst performer of the 20 cities in the index following the painful correction in oil prices.
Manchester is buzzing, and has been on our radar for some time now.