{"id":6888,"date":"2016-01-29T01:00:00","date_gmt":"2016-01-28T14:00:00","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=6888"},"modified":"2016-01-29T01:00:00","modified_gmt":"2016-01-28T14:00:00","slug":"pete-wargent-australian-property-market-2016","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/","title":{"rendered":"Pete Wargent &#8211; Australian Property Market 2016"},"content":{"rendered":"<p>&nbsp;<br \/>\nOur guest today:\u00a0<strong>Pete Wargent<\/strong> &#8211; author of\u00a0the book \u201cTake a Financial Leap\u201d.<br \/>\n&nbsp;<\/p>\n<h4><strong>Transcript:<\/strong><\/h4>\n<p><b>Kevin<\/b>:\u00a0 With his view on what\u2019s happening with the market in 2016, Pete Wargent joins me. Pete, of course, is very active on the Internet with his predictions about what\u2019s happening with property, not only in Australia but worldwide.<br \/>\nHi, Pete. How are you?<br \/>\n<b>Pete<\/b>:\u00a0 Good. Thanks, Kevin.<br \/>\n<b>Kevin<\/b>:\u00a0 Good to be talking to you again, Pete. What do you think we\u2019ll be saying about the property market this time next year? What do you think 2016 is going to hold?<br \/>\n<b>Pete<\/b>:\u00a0 I think during some of this year\u2019s exuberance, I believe a significant number of investors would have bought off-the-plan properties with only small deposits to hand. I think 2016 could be a year when APRA\u2019s tightening measures towards investor lending could cause problems for some of those off-the-plan buyers who will end up with a deposit shortfall at settlement. There could be some fallout from that.<br \/>\nI think that 2016 will also be the year the media latches on that going forward, it\u2019ll be the immigration of international students rather than arrivals on 457 visas that are actually driving Australia\u2019s immigration and population growth.<br \/>\nEnrollments and grants for students are starting to ratchet up, so with hundreds of thousands of student arrivals over the next few years mainly headed for Sydney and Melbourne, that\u2019s going to create a lot of demand for rental property close to the city centers just at the same time that APRA is hosing down the investor sector.<br \/>\nFinally, I think 2016 could be a year to expect the unexpected. A lot of market commentary revolves around the notion that \u201cThis can\u2019t happen or that can\u2019t happen.\u201d But I\u2019ve been in Britain this month and a lot of things that weren\u2019t supposed to happen have happened, particularly in the investor space.<br \/>\nBack in Australia, we\u2019ve seen APRA introduce macro prudential measures this year. I wouldn\u2019t be surprised if there are more tweaks in 2016 in the wake of <b>[1:43 inaudible]<\/b> resulting in tighter capital requirements and lower loan-to-value ratios. In terms of what this means for investors in 2016, they\u2019re likely to require substantial deposits.<br \/>\n<b>Kevin<\/b>:\u00a0 You mentioned there APRA, and there have been some reports that the moves by APRA have really played into the hands of the bank and that it\u2019s almost given them an open checkbook to increase rates whenever they feel like it because of these macro prudential controls. What\u2019s your view on that?<br \/>\n<b>Pete<\/b>:\u00a0 I think what we\u2019ll find in 2016 is investor lending will continue to slow. The banks will actually be looking to push owner-occupier lending harder to compensate for the slowdown in investor lending. There will be a bit of a switch in the market, but that may be no bad thing. I think the investor market \u2013 in certain areas, anyway \u2013 was getting a bit overheated.<br \/>\n<b>Kevin<\/b>:\u00a0 What are the markets you\u2019ll be looking at in Australia in 2016, Pete?<br \/>\n<b>Pete<\/b>:\u00a0 Well, 2015 was another huge year for Sydney. I think in 2016, all eyes will be on Queensland to see how the Brisbane market fares in particular. I think investors should be wary of some of those inner city suburbs where apartments are being overbuilt. Look at the middle ring suburbs, properties that are strong land value content, an owner-occupier feel, transport links, and reasonable yields.<br \/>\n<b>Kevin<\/b>:\u00a0 Are you a bit concerned about an oversupply of units in the inner city of Brisbane?<br \/>\n<b>Pete<\/b>:\u00a0 Yes, certainly. There are a number of former industrial suburbs. There has been a lot of re-zoning, record high building approvals this year, so there are a lot of apartments to buy in some of those inner suburbs, which I\u2019ve think we talked about on this show before.<br \/>\n<b>Kevin<\/b>:\u00a0 What about some of the regional markets around Australia, Pete? Are any standing out for you?<br \/>\n<b>Pete<\/b>:\u00a0 From a high-level point of view, just looking at the economy, we\u2019re going to see probably another weak period for the Aussie dollar. So if you\u2019re looking at regional markets, I\u2019d be looking at places like the Gold Coast that will benefit from the lower dollar. I think that would be on area in particular which could see some upside.<br \/>\n<b>Kevin<\/b>:\u00a0 Pete, thank you so much for your time. I look forward to working with you again in 2016. Pete Wargent, of course, and the book \u201cTake a Financial Leap\u201d \u2013 your new book \u2013 that\u2019s out by, is it Big Sky Publishing?<br \/>\n<b>Pete<\/b>:\u00a0 Big Sky Publishing.<br \/>\n<b>Kevin<\/b>:\u00a0 Whereabouts can we get that one, Pete?<br \/>\n<b>Pete<\/b>:\u00a0 At all good bookstores.<br \/>\n<b>Kevin<\/b>:\u00a0 Excellent. \u201cTake a Financial Leap,\u201d Pete Wargent.<br \/>\nPete, we\u2019ll talk to you again soon. Thanks, mate.<br \/>\n<b>Pete<\/b>:\u00a0 Pleasure, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Our guest today:\u00a0Pete Wargent &#8211; author of\u00a0the book \u201cTake a Financial Leap\u201d. &nbsp; Transcript: Kevin:\u00a0 With his view on what\u2019s happening with the market in 2016, Pete Wargent joins me. Pete, of course, is very active on the Internet with his predictions about what\u2019s&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":6889,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,11,13,17,25,27],"tags":[101],"class_list":["post-6888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment","category-sponsored-channels","category-trends-topic","tag-podcast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pete Wargent - Australian Property Market 2016 - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pete Wargent - Australian Property Market 2016 - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Our guest today:\u00a0Pete Wargent &#8211; author of\u00a0the book \u201cTake a Financial Leap\u201d. &nbsp; Transcript: Kevin:\u00a0 With his view on what\u2019s happening with the market in 2016, Pete Wargent joins me. Pete, of course, is very active on the Internet with his predictions about what\u2019s...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-28T14:00:00+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/pete-wargent-australian-property-market-2016\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/pete-wargent-australian-property-market-2016\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Pete Wargent &#8211; Australian Property Market 2016\",\"datePublished\":\"2016-01-28T14:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/pete-wargent-australian-property-market-2016\\\/\"},\"wordCount\":807,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/pete-wargent-australian-property-market-2016\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Property Investment Topics\",\"Sponsored Channels\",\"Trends\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/pete-wargent-australian-property-market-2016\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/pete-wargent-australian-property-market-2016\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/pete-wargent-australian-property-market-2016\\\/\",\"name\":\"Pete Wargent - Australian Property Market 2016 - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/pete-wargent-australian-property-market-2016\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/pete-wargent-australian-property-market-2016\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2016-01-28T14:00:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/pete-wargent-australian-property-market-2016\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/pete-wargent-australian-property-market-2016\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/pete-wargent-australian-property-market-2016\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/pete-wargent-australian-property-market-2016\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pete Wargent &#8211; Australian Property Market 2016\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pete Wargent - Australian Property Market 2016 - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/","og_locale":"en_US","og_type":"article","og_title":"Pete Wargent - Australian Property Market 2016 - Realty Talk","og_description":"&nbsp; Our guest today:\u00a0Pete Wargent &#8211; author of\u00a0the book \u201cTake a Financial Leap\u201d. &nbsp; Transcript: Kevin:\u00a0 With his view on what\u2019s happening with the market in 2016, Pete Wargent joins me. Pete, of course, is very active on the Internet with his predictions about what\u2019s...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/","og_site_name":"Realty Talk","article_published_time":"2016-01-28T14:00:00+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"Pete Wargent &#8211; Australian Property Market 2016","datePublished":"2016-01-28T14:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/"},"wordCount":807,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Kevin Turner","Kevin's Update","Latest Stories","Property Investment Topics","Sponsored Channels","Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/","name":"Pete Wargent - Australian Property Market 2016 - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/#primaryimage"},"thumbnailUrl":"","datePublished":"2016-01-28T14:00:00+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/pete-wargent-australian-property-market-2016\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Pete Wargent &#8211; Australian Property Market 2016"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/6888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=6888"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/6888\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=6888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=6888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=6888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}