By Pete Wargent on 25 Jun 2014 No Comments yet, your thoughts are very welcome
I've been arguing for a long time that New South Wales will be Australia's star economy of the coming decade. There are a number of reasons for that, including Sydney becoming a world class financial hub for Asia, and the harbour city becoming a self-sustaining jobs magnet, resulting in population growth and increased economic activity ...
By Pete Wargent on 11 Oct 2013 No Comments yet, your thoughts are very welcome
There seems to be an awful lot of confusion about the role interest rates play in Australia. Though it seems unlikely we will get higher interest rates until there is sustained evidence of an improvement in employment data, I thought it would be worth recapping the impact higher interest rates could have on Australia ...
By Pete Wargent on 26 Sep 2013 No Comments yet, your thoughts are very welcome
Sceptical though I am about reading too much into short-term data, RP Data's Daily Home Value Index is always entertaining and is showing some strong indications of property price rises. Melbourne is perhaps a prime example of a city with property markets with deviating prospects ...
By Pete Wargent on 19 Sep 2013 No Comments yet, your thoughts are very welcome
While it seems likely that we’ll see more 40 year mortgages in the future, the majority of homebuyers would probably be more prudent to borrow a little less and use a shorter mortgage term where possible. While the monthly repayment might be lower, over the life of the mortgage the terms tend to be less favourable ...
By Pete Wargent on 10 Sep 2013 No Comments yet, your thoughts are very welcome
When I started writing my first book back in 2010, I underscored the reasons why I felt that of all the Australian capital cities, with the possible exception of Hobart, the city I would be least inclined to buy real estate in would be Adelaide. Given the supply/demand dynamic, I couldn’t see any valid reason why property prices would rise faster ...
By Pete Wargent on 3 Sep 2013 No Comments yet, your thoughts are very welcome
Auction clearance rates in Sydney hit the astonishing level of 84 per cent on Saturday, the highest recorded this year, completing a record month of August for the city. Last weekend's 79 per cent clearance rate was the only weekend in the last eight where less than a "boom time level" of 80 per cent of auctioned properties were sold ...
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Chinese Property Investors Taking Over the Australian Market - Fact, Fiction or Fearmongering?
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