Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

There are 106 suburbs across Australia that are cheaper today than they were five years ago, new analysis shows, despite house and unit prices doubling at the same time. That's one of the reports from Domain that I'm going to chat about today with Dr. Nicola Powell, Domain's Chief of Research and Economics, and we will also discuss Domain's latest reports covering the latest developments in our housing and rental markets and much more As somebody interested in property, you're probably pleased that we've now had 16 months of continuous property, price, and rental growth, but can this continue? Is it sustainable? And what's ahead for our housing markets? These are also some of the questions I'm going to be asking Nicola today. Whether you're a prospective homebuyer looking for valuable insights, a seasoned investor seeking to navigate the market confidently, or simply curious about the current state of Australian real estate, I'm sure you'll get some great insights from my chat with Nicola. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Dr Nicola Powell, Domain's Chief of Research and Economics Domain's Rental report Domain's Home Price Report Get a bundle of eBooks and reports – www.PodcastBonus.com.au Shownotes plus more here: The 106 suburbs that are cheaper to buy in now than five years ago revealed, with Dr. Nicola Powell

Only a few months ago, there was talk about the hope of interest rates starting to fall by the middle of this year. Australia's biggest bank in CBA suggested there could be six cuts in interest rates over the next two years. And then things changed, inflation remained more stubborn and the economy grew strongly and suddenly there was talk of potential interest rate rises. What's ahead for interest rates and our property markets? There are clues in the news as to what's ahead, which I will discuss in this month's podcast with leading financial commentator Pete Wargent, who brings decades of perspective to his views. As always, we will discuss a raft of macro and micro economic factors that should give you clues as to what's ahead for our housing markets. Links and Resources: Metropole's Strategic Property Plan – to help both beginning and experienced investors Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Pete Wargent's blog Pete Wargent's new book: The Buy Right Approach to Property Investing: Mastering the Skills to Invest Wisely in Property Shownotes plus more here: What's Happening in the Australian Property Markets? Big Picture Podcast with Pete Wargent

Would you like to learn the property investment secrets of Australia's richest property investor? Well, today we'll explore the powerful strategies that fueled Harry Triguboff's ascent to billionaire status, as we learn seven lessons from the $26 billion man who is regularly number one or number two on Australia's wealthiest person list. My guest, Tyrone Hyde, director of Washington Brown, has saved Harry billions of dollars over the last 27 years so I'm keen to hear the lessons he's learned working closely with this successful investor. I hope you'll get some hints on becoming a more successful investor in today's chat. Links and Resources: Michael Yardney Tyron Hyde – Washington Brown Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Shownotes plus more here: 7 Lessons from Australia's $26Billion Man with Tyron Hyde

Over the past few years we've witnessed a whirlwind of changes, particularly in the mortgage market. Mortgage rates have skyrocketed, soaring from 2.9% in April 2022 to a staggering 6.4% today. And if that wasn't enough, the rental crisis has reached new heights, with vacancy rates plummeting to record lows nationwide, causing rents to skyrocket. In the face of these mounting pressures, purchasing an apartment has become a viable solution for some. However, this seemingly attractive option comes with its challenges with a severe shortage of apartments nationwide. It's a topic at the forefront of discussions among investors, developers, and policymakers alike. To unpack this further, I'm joined by Richard Temlett, the National Executive Director of Research at property consultants and valuers Charter Keck Cramer. We'll explore the dynamics of the current apartment market, understand the factors driving the shortage, and dissect the trends in both the build-to-rent and build-to-sell sectors. Whether you are a property investor, apartment owner, or Real Estate enthusiast, I'm sure you will get some benefit out of our chat today. Links and Resources: Michael Yardney Richard Temlett - Charter Keck Kramer Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Shownotes plus more here: Crisis or Opportunity? Navigating Australia's Apartment Drought with Richard Temlett

As we edge towards the end of the financial year, it's the time that you need to crunch some numbers to make sure you have all your tax obligations right, so today I am again joined by Rob Thompson, Assistant Commissioner of the ATO to dive into the world of taxation, specifically targeting tax time tips, the ins and outs of selling property, and the nuances of Capital Gains Tax. Rob's here to ensure you can navigate these turbulent tax waters confidently and avoid running afoul of the tax man. Whether you're looking to sell a property and want to understand the CGT implications, or you're prepping for tax time and seeking ways to optimise your claims, this discussion is tailored for you. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports = www.PodcastBonus.com.au ATO Resources: ● Tax time toolkit for investors: ato.gov.au/Investorstoolkit ● Rental properties guide: ato.gov.au/rentalsguide ● Rental video series: ato.gov.au/Rentalvideos ● Property sale clearance certificates: ato.gov.au/clearancecertificate ● Working from home: ato.gov.au/home ● Car expenses: ato.gov.au/car Shownotes plus more here: Avoiding the Tax Trap: An In-Depth Discussion with Assistant Tax Commissioner Rob Thompson

Have you ever wondered why some locations that could be labelled as 'secondary' outperform the established blue-chip suburbs? What drives this unexpected surge in property value, and more importantly, is this a trend that savvy investors should be paying attention to? Should you be looking for these suburbs, or should you stick to blue-chip locations? I'd like to know if this is a mere market fluctuation, or are we witnessing a fundamental shift in what defines a 'smart investment' in our property markets? That's what I ask my guest today, leading independent financial advisor, Stuart Wemyss, director of Prosolution private client. Links and Resources: Michael Yardney Stuart Wemyss – Prosolution Private Clients Stuart's Book – Rules of the Lending Game & Investopoly Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Shownotes plus more here: Why Some Secondary Suburbs Soar with Stuart Wemyss

You've probably heard the whispers or read in the media that the taxman is on the hunt. The Australian Taxation Office is implementing some innovative strategies and forming new alliances to recoup billions of dollars of revenue deficit. This means Australian property investors should be on high alert and make sure they have completed all their obligations correctly. To discuss how to avoid getting trapped by the tax man today I'm joined today by Rob Thompson, Assistant Tax Commissioner at the ATO. We are going to discuss some things that will help you understand what your obligations are and how not to get yourself in trouble, particularly some aspects that relate to property investors. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports = www.PodcastBonus.com.au ATO Resources: ● Tax time toolkit for investors: ato.gov.au/Investorstoolkit ● Rental properties guide: ato.gov.au/rentalsguide ● Rental video series: ato.gov.au/Rentalvideos ● Property sale clearance certificates: ato.gov.au/clearancecertificate ● Working from home: ato.gov.au/home ● Car expenses: ato.gov.au/car Shownotes plus more here: ATO expert reveals tax time hacks for property investors, with Assistant Tax Commissioner Rob Thompson

What will life be like in 10 years? Strategic property investors think in 10-year time frames, they don't worry about what's going to happen to interest rates or the economy in the next six weeks or the next six months. In my mind, 10 years is a short term and the successful investors I know ponder about what the housing markets will be like in 20 to 30 years. We are living through times of rapid change, but most of us don't like change. It makes us feel uncomfortable. We like a level of certainty about our future, health, and jobs, as well as about the worlds of finance and property that most of us are interested in. But there are history lessons that can provide us with valuable insights. In today's episode, I'd like to talk about some of the things that never change in a world that never stops changing. Successful investors and businesspeople need to be prepared for change but also understand the things that don't change. Hopefully, by the end of today's show, you'll come out with some ideas about how to get some more certainty in these uncertain times. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Shownotes plus more here: Property success principles that stand still when everything else moves

Today's show tackles a hot-button issue in Australia: housing affordability. With skyrocketing prices and rents, and a shortage of available homes, many are pointing the finger at immigration. What if we stopped immigration? Would this be the panacea to our housing crisis? Is stopping immigration really the answer? Ken Raiss, Director of Metropole Wealth Advisory, joins me today to discuss this complex topic. Links and Resources: Ken Raiss, director of Metropole Wealth Advisory Have a chat with Ken Raiss and the team at Metropole Wealth Advisory to secure your financial future – click here Get Ken Raiss' report: Your Guide to Understanding Ownership Structures & Trusts – just click here Why not get the team at Metropole on your side to give you holistic property and wealth advice– find out more here Get your bundle of E-books and resources as my gift for subscribing to this podcast www.PodcastBonus.com.au Shownotes plus more here: Is stopping immigration the secret to solving our housing nightmare? With Ken Raiss

Today, I'm joined by Mark Creedon, and together we explore some priceless investment lessons from some of the world's most successful billionaires. These titans of industry have not only built immense wealth but have also mastered the art of sustaining it through savvy, strategic decisions. Mark and I are going to uncover how their golden rules of investment can be applied right here in the Australian property market. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Why not join Metropole's Mastermind Business Accelerator Learn more about Mark Creedon – Business Coach to some of Australia's leading entrepreneurs Get a copy of Mark's new book here – Have a Business, not a Job Subscribe to Mark's Mastermind for Business Podcast here Get a bundle of eBooks and reports – www.PodcastBonus.com.au Shownotes plus more here: Priceless investing lessons from influential billionaires, with Mark Creedon

Today I'm going to discuss several topics of interest for property investors with Mike Mortlock, the Managing Director of MCG Quantity Surveyors. Mike's team has recently released a report titled 'Rising Tide of Unit Rents Closes Gap with Houses in Major Capitals' that sheds light on some transformative trends and provides an understanding of the shifts in housing affordability and renter preferences. We also talk about the growing concern that the government may look at changes to negative gearing and capital gains tax before the next election and discuss the other side of the equation, about the important role property investors, play in our housing markets. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Mike Mortlock – MCG Quantity Surveyors Get a bundle of eBooks and reports = www.PodcastBonus.com.au Shownotes plus more here: They're coming for you! Will the government change negative gearing and CGT, with Mike Mortlock

With property values rising for 15 months in a row and talk of interest rate cuts on the horizon, is the Australian property market gearing up for a new boom in property prices this year? Well, there are clues in the news as to what's ahead, which I'm going to discuss in this month's Big Picture podcast with leading financial commentator Pete Wargent. As always, we will be discussing a raft of macro and micro economic factors that should give you some clues as to what's ahead for our housing markets. And we're going to discuss why now may be a great countercyclical opportunity to get into the Melbourne property market. Links and Resources: Metropole's Strategic Property Plan – to help both beginning and experienced investors Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Pete Wargent's blog Pete Wargent's new book: The Buy Right Approach to Property Investing: Mastering the skills to invest wisely in property Shownotes plus more here: Property Shocker: Adelaide and Perth prices closing in on Melbourne | Big Picture Podcast with Pete Wargent

You'd have to be living under a rock not to know that apartments have underperformed houses in the last decade or so, so today I explore the reasons behind this trend, its implications for investors, and what future trends we might anticipate with independent financial advisor, Stuart Wemyss. We also discuss what criteria you should use to decide if you sell an underperforming apartment. We explore the complex puzzles facing Melbourne's apartment sector and discuss strategic responses to the challenges as well as the reasons behind the market's underperformance and consider whether investors should maintain their positions or reallocate their capital. This will be an important episode for anyone interested in understanding the broader dynamics of the property market and making informed investment decisions. Links and Resources: Michael Yardney Stuart Wemyss – Prosolution Private Clients Stuart's Book – Rules of the Lending Game & Investopoly Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Shownotes plus more here: To Sell or Not to Sell: Navigating the Dilemma of an Underperforming Apartment

To help you understand what's ahead and if our property markets are going to keep rising or going to slow down or even go backward, as some property pessimists are still suggesting, in today's episode I want to outline the dynamics and the economics of Australia's property markets and what causes property values to increase and what makes them fall. I want to do this to help ensure that your investments outperform the market averages over the long term. Today this topic is so important it's just going to be you and me as I share with you what causes property markets to boom and bust. From the current state of supply and demand to the potential disruptions from AI and robotics on the workforce, this episode offers a comprehensive guide for anyone interested in the complexities of real estate investment and the economic forces at play in Australia's property landscape. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports – www.PodcastBonus.com.au Join us at Wealth Retreat 2024 on the Gold Coast in April 2024 – click here to find out more Shownotes plus more here: These are the biggest influencers of our property markets that all property investors must understand.

Today, we're diving into a topic that's making waves in the property market. I'm joined by Julie Toth, Chief Economist at PEXA, to discuss the findings of their 2023 Cash Purchases Report, which sheds light on a startling trend: over a quarter of residential properties in Australia's eastern states were bought with cash in 2023. These cash buyers were immune to interest-rate heights and in a market typically swayed by mortgage rates and lending criteria, so together with Julie, we'll explore the implications of this trend, the profile of these cash buyers, and what it all means for the future of the Australian property landscape. From potential impacts on housing affordability to the ripple effects on the broader economy, we're set to uncover some truly eye-opening insights. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports – www.PodcastBonus.com.au Details of Pexa's 2023 Cash Purchases Report are here. Shownotes plus more here: Believe it or not – more than one in four properties were purchased with cash in 2023 with Julie Toth

I've often said that demographic changes will be more important in shaping our property markets in the medium to long term than the ups and downs of interest rates or the vagaries of our economy, so I'm pleased to have leading demographer Simon Kuestenmacher back on the show. Simon is a co-founder of The Demographics Group and a master in interpreting data and trends to forecast how societies evolve, and his insights are pivotal for anyone interested in property, lifestyle changes, and investment strategies. Recently Simon wrote a series of articles in The New Daily outlining the changes he sees ahead for us in the next decade and what these shifts mean for our future. We shift our focus today to Australia's economic future, considering our ties with China and how the evolving global Chinese middle class will interact with our exports amidst demographic challenges. We then dissect the educational landscape, discussing the potential impact of an over-saturated university graduate market. As society changes, we also discuss shifts in media consumption habits and concerns over AI's influence on news quality. If you're a property investor or a business owner, you'll want to understand what these trends mean for you, and like all my regular chats with Simon, this conversation promises to be thought-provoking. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Simon Kuestenmacher – Director, The Demographics Group Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Join Simon and me at Wealth Retreat – www.WealthRetreat.com.au Shownotes plus more here: Simon Kuestenmacher's Crystal Ball Demographic Forecasts and Real Estate

In today's episode, I'm going to share two lessons with you. The first is five ways I'm going to ensure that my property investments outperform this cycle. Hopefully, I'll be able to give you some ideas for your investments as well. Next, I'm going to share one thing you need to change to become a more successful property investor. Regular listeners know I usually have guests on the show, but sometimes I just want to have a chat between you and me. That's what this show is about. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Join us at Wealth Retreat – www.WealthRetreat.com.au Shownotes plus more here: 5 ways to ensure your property investments outperform this cycle

If you're interested in property, you'll know that our rental markets are in crisis. Vacancy rates have dropped to all-time lows, rental stock remains extremely slim, and rental prices continue to skyrocket. So how did we get into this rental crisis? How long will it last, what does it mean for you and me as a property investor, and are there some ways the government or regulators can alleviate this crisis? In today's episode, I discussed this with Dr. Andrew Wilson, the Chief Economist of my Housing Market. Andrew is a bit controversial, but I think together we've come up with some ideas of how to solve or at least alleviate the crisis. However, let me make one prediction: the government won't do any of those because they're not politically suitable or favorable. Anyway, let's talk about the rental crisis and what it may mean to you as a property investor, as well as what's ahead for our housing markets. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports – www.PodcastBonus.com.au Join Dr. Andrew Wilson and me at Wealth Retreat 2024 on the Gold Coast in April 2024 – click here to find out more Shownotes plus more here: Unravelling Australia's Rental Crisis with Dr. Andrew Wilson: Insights & Endgames

Sometimes good news is bad news. The good news about our unemployment figures and the number of new jobs created is, in some ways, bad news for those hoping for interest rates to drop. So what does the latest data mean for interest rates? How does the Reserve Bank even decide what to do with rates? What are the factors involved in their decision-making process? That's what Dr. Andrew Wilson, Chief Economist of My Housing Market, and I discussed today. We chat about what's ahead for interest rates and why he's concerned that the Reserve Bank may not drop interest rates anytime soon. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports – www.PodcastBonus.com.au Join Dr. Andrew Wilson and me at Wealth Retreat 2024 on the Gold Coast in April 2024 – click here to find out more Shownotes plus more here: 3.7% Unemployment: Has Australia Kissed Rate Cuts Goodbye? Dr. Andrew Wilson Weighs In

In today's episode, I'm not holding back. I'm going to tell you some brutal truths about property investing. That includes some of the things that can go wrong. Some of the frustrations of being a property investor, and some of how slick marketing can lead you astray. Stick with me, though, because It's not all negative. Brett Warren, National Director of Metropole, joins me to help you understand what could go wrong to ensure you know what to avoid so things don't go wrong. That way, you can enjoy the success a small group of successful property investors enjoy. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Brett Warren - National Director Metropole Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Join Brett and me at Wealth Retreat – www.WealthRetreat.com.au Shownotes plus more here: 19 Brutal Truths about Property Investment That No One Else Will Tell You with Brett Warren

Why do some people seem to effortlessly grow their wealth while others work hard but continue to struggle? I've got something a bit different an for you in today's episode. Together with Brett Warren, national director at Metropole and financial whiz Pete Wargent, we give you a sneak peek behind the curtain and help you understand the lessons we learned from Wealth Retreat last year. While we're talking about wealth, it'll be interesting at the end of it when you work out what our emphasis was. It wasn't investment and, it wasn't property. Listen in as we share with you the biggest lessons we've learned. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Join us at Wealth Retreat 2024 – click here and learn more and register your interest. Shownotes plus more here: Wealth Building Strategies from Australia's Premier Wealth Retreat with Brett Warren and Pete Wargent

Is Australia growing too fast? That's the question we're going to ask today. Joining me today is Ross Elliott, a seasoned urban development commentator whose recent article has stirred the pot by highlighting the consequences of Australia's population surge, especially in hotspots like Southeast Queensland. His insights shed light on the pressing issues that come with the significant growth Australia is experiencing. Our conversation uncovers the historical layers of urban density policies and how these affect the development of sufficient infrastructure, such as schools and utilities. We also consider the social inequalities that may deepen because of this rapid growth and discuss the government's plan to construct 1.2 million new homes. Since you're most likely interested in the future of the Australian housing market, this is an important topic for you to learn about. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports – www.PodcastBonus.com.au Find Ross Elliott's blog here Join us at Wealth Retreat 2024 on the Gold Coast in April 2024 – click here to find out more Shownotes plus more here: Is Australia growing too fast? Population Booms and Their Price with Ross Elliott

I feel sorry for property investors trying to make headway in real estate. They face the hurdle of significant media misinformation, which is underwhelmingly and unnecessarily discouraging, and social media which is full of "pretend gurus" who are prepared to sell you their secrets to instant riches in property. In my mind, they're selling you tickets to see unicorns. Despite the information available in the media and on the Internet, the number of investors who succeed in developing financial freedom through property has not increased over the years, so my recommendation is to tune out the white noise and be selective in who you listen to. I suggest you look for evidence-based analysis. That's why I enjoy my monthly Big Picture podcasts with Pete Wargent, who brings decades of perspective to his views. Today, we will be discussing a raft of macro and micro economic factors that should give you some clues as to what's ahead for our housing markets. Links and Resources: Metropole's Strategic Property Plan – to help both beginning and experienced investors Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Pete Wargent's blog Join Pete and me at Wealth Retreat – www.WealthRetreat.com.au Shownotes plus more here: Our No-Nonsense Big Picture Podcast About the Economy and Property Markets, with Pete Wargent

In an age where financial transactions have largely moved online, the prevalence of financial scams has surged, catching many Australians off guard. The Australian Competition and Consumer Commission reports that Australians lost a record $3.1 billion to scams in 2022. This is an 80 per cent increase in total losses recorded in 2021. This staggering loss highlights not just the cunning of scammers but also their ability to adapt to changing technologies and exploit new vulnerabilities. So, in today's podcast with independent financial advisor Stuart Wemyss, I want to ask him how to spot the signs of a scam. Our conversation today is an eye-opener, revealing common tactics scammers use to exploit the digital landscape and deceive individuals. We touch on personal experiences and the various types of scams, such as phishing and false billing. Whether you're an experienced investor or a beginner, this episode is packed with practical insights and data-driven predictions to help you make informed decisions. Amidst sharing these insights, we underscore the significance of safeguarding personal and financial information and discuss how banks' robust security measures, though sometimes inconvenient, are critical in protecting us from these fraudulent activities. Links and Resources: Michael Yardney Stuart Wemyss – Prosolution Private Clients Stuart's Book – Rules of the Lending Game & Investopoly Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Join us at Wealth Retreat 2024 – www.WealthRetreat.com.au Shownotes plus more here: Don't Fall for the Trap: Navigating the Minefield of Financial Scams with Stuart Wemyss

In today's episode of the Michael Yardney podcast, I explore the power of positivity in wealth creation together with Tom Corley, the co-author of my international best-selling book, Rich Habits, Poor Habits. We'll be dissecting Tom's blog post "Don't Let Others Infect You With Their Negativity," and discussing how a positive mindset is about more than just feeling good – it's an important factor in successfully investing in property and building wealth. We'll also talk about how you can apply Tom's principles to your own property investment and wealth journey. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Tom Corley's blog Get your copy of Rich Habits, Poor Habits here- www.RichHabitsPoorHabits.com Join us at Wealth Retreat 2024 at the end of April – www.WealthRetreat.com.au Shownotes plus more here: Rich habits for real estate success: Tom Corley's approach

I've often said that demographic changes will be more important in shaping our property markets in the medium to long term than the ups and downs of interest rates or the vagaries of our economy, so I am pleased to have leading demographer Simon Kuestenmacher back on the show. Simon is a co-founder of The Demographics Group and a master in interpreting data and trends to forecast how societies evolve, and his insights are pivotal for anyone interested in property, lifestyle changes, and investment strategies. Today, we talk about what's ahead over the next 10 years and how each generation will experience the year 2033. Together, we'll delve into demographic shifts, technological influences on living spaces, and the impact of economic policies on housing trends. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Simon Kuestenmacher – Director, The Demographics Group Follow Simon on Linked In Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Join Simon and me at Wealth Retreat – www.WealthRetreat.com.au Shownotes plus more here: From Boomers to Zoomers: Simon Kuestenmacher's Analysis of Decadal Shifts in Property

Hindsight is a wonderful thing, isn't it? Knowing what you know now, what would you have done differently if you had the opportunity to invest in property 10, 20, or even 40 years ago? Well, I've been investing for decades, which gives me the perspective to see patterns in the chaos that many others see in the world of property and their economy at the moment. Join me on a reflective journey back to 1980 as I share a treasure trove of insights from my property investment odyssey. Listen in as I draw parallels between past economic challenges and today's landscape, underscoring the importance of perspective and pattern recognition for successful investing. You'll hear candid stories of my own property investment triumphs and missteps, aiming to arm you with direction and certainty for the often unpredictable property markets. This time, it's a solo session—just you and me—unpacking the timeless wisdom that has stood the test of decades in the property investment realm. Wealth Through Walls: Lessons from a Lifelong Property Investor In this episode, listeners will be taken on a journey through the evolution of the real estate market and gain insights into the strategies that have stood the test of time. From understanding market cycles to the nuances of Australian property investment, we explore many lessons I wish I knew starting out and the triumphs and challenges that have shaped my approach to building wealth through real estate. ● The importance of perspective and pattern recognition in navigating the property investment landscape ● Economic challenges and market fluctuations over the past 40 years ● The significance of long-term wealth strategies, asset protection, and risk mitigation ● The pitfalls of applying foreign investment strategies to the Australian market ● Leveraging compounding, renovations, and strategic debt to manufacture capital growth ● Distinguishing investment-grade properties and the science and art of property investment ● Emphasizing location, the right property type, and avoiding the crowd for capital growth ● The psychological resilience required to succeed in the unpredictable real estate market ● Continuous learning and adapting to changes are essential components of a successful investment philosophy This episode is a must-listen for anyone looking to deepen their understanding of real estate investing, whether they are seasoned investors or just starting out. Hopefully, today's show can provide a roadmap to building a robust property portfolio and achieving financial freedom through smart and strategic real estate decisions. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports – www.PodcastBonus.com.au Join us at Wealth Retreat 2024 on the Gold Coast in April 2024 – click here to find out more Some of our favorite quotes from the show: "Over the years, another lesson I learned was that every year we get hit by an X factor, an unforeseen event or situation, something that blows away all our carefully laid plans." – Michael Yardney "Often the first 10 years of investing are wasted making mistakes and learning what not to do, following the wrong path, taking the wrong strategy or not having any strategy." – Michael Yardney "And when you expect to fail, fear loses all its power over you. When you no longer fear failure, you feel empowered to take action."– Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

It has become more and more challenging for Australians to find a rental home since the pandemic started. Availability has plunged and rental rates have skyrocketed by as much as 33% in capital cities. Some locations show the vacancy rates moving up slightly in recent months, but the rental market is far from balanced, and this results in a headache for many tenants. Last year, there was a Senate inquiry on the rental crisis. Today's guest, Nicola McDougall, chair of the Property Investment Professionals of Australia (PIPA), says that their recommendation was a waste of money. Listen to our discussion as we talk about why, discuss the state of the rental markets, and consider what's ahead. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports – www.PodcastBonus.com.au Join us at Wealth Retreat 2024 on the Gold Coast in April 2024 – click here to find out more Results of PIPA's Annual Sentiment Survey Shownotes plus more here: The Federal inquiry into the rental crisis was a "waste of taxpayers' money, with Nicola McDougall

A tenth of the year is already behind us, and as a person who's interested in the property market, you're probably wondering what's coming over the remainder of the year. My guest today is Dr. Nicola Powel, Domain's Chief of Research and Economics, and she'll give you some insights into what's coming by discussing Domain's most recent reports and what they say about current developments in the housing and rental markets. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Dr Nicola Powell, Domain's Chief of Research and Economics Domain's Rental report Domain's Home Price Report Get a bundle of eBooks and reports – www.PodcastBonus.com.au Shownotes plus more here: Unravelling Domain's Latest Housing Reports: Insights from Dr. Nicola Powell

In this month's Big Picture episode of the Michael Yardney Podcast, Pete Wargent and I dissect the multitude of macro-economic factors currently shaping our housing markets and the broader economy. There's a lot to discuss today including the latest inflation data, this month's RBA's interest rate decision, and what both these mean for the future of interest rates and our housing markets. Links and Resources: Metropole's Strategic Property Plan – to help both beginning and experienced investors Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Pete Wargent's blog Join Pete and me at Wealth Retreat – www.WealthRetreat.com.au Shownotes plus more here: Our no-nonsense Big Picture Podcast about the economy and property markets with Pete Wargent

In today's podcast we're venturing into a fascinating area that intersects with both wealth creation and the human psyche. We've all heard of self-sabotage, but have you ever wondered why some of the most intelligent and capable individuals hit an invisible ceiling in their property, investment, or business ventures? Why do some people, despite their knowledge and skills, only reach a certain level of success? Well, today, we're diving deep into what I like to call your 'wealth thermostat' - a concept that suggests our early experiences and beliefs set a sort of psychological temperature for the level of wealth and success we're comfortable with. Joining me today is Jackson Milan – The Wealth Mentor. Jackson has a unique insight into how our childhood experiences and subconscious beliefs shape our financial destinies. So, whether you're looking to break through your own financial barriers, understand the psychology behind wealth creation, or just curious about why we do what we do with our money, this episode is for you. Links and Resources: Michael Yardney Jackson Millan – The Wealth Mentor at Aureus Financial Aureus Wealth Scorecard Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports = www.PodcastBonus.com.au Join us at Wealth Retreat 2024 www.WealthRetreat.com.au Shownotes plus more here: Breaking Your Wealth Barrier: Resetting Your "Wealth Thermostat" with Jackson Millan

Now inflation has been tamed and interest rates have peaked, many market commentators and property economists are updating their forecast for 2024. While the media loves sharing short-term forecasts, the longer-term outlook is more important for investors as it better aligns with their investment horizon. Investors should consider where the market will be in 10 years, rather than where interest rates will be in six months. However, in today's podcast, I discuss the dominant influences on our housing markets for 2024 with independent financial advisor Stuart Wemyss, founder of Prosolution Private Clients. We'll break down the influence of inflation and interest rates on real estate trends, while also considering the broader implications of economic changes. Links and Resources: Michael Yardney Stuart Wemyss – Prosolution Private Clients Stuart's Book – Rules of the Lending Game & Investopoly Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Join us at Wealth Retreat 2024 – www.WealthRetreat.com.au Shownotes plus more here: How interest rates are reshaping our property markets in 2024, with Stuart Wemyss

In today's show I'll discuss the complexities of Australia's housing market with my guest Mike Mortlock, the director of MCG Quantity Surveys. In our conversation today, we spoke about lots of interesting things that will give you some insights into our housing market. In particular, we explore a disturbing "tall poppy syndrome" narrative that's taken place over the last little while. It puts property investors in the role of villains who are against the Australian dream of home ownership, and we believe this is an unfair and inaccurate portrayal. We explain why that's inaccurate and tell politicians it's time to stop picking on property investors. We also talk about the rental crisis, what's ahead for our property markets, and Mike's views on what will happen with AI and the property markets. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Mike Mortlock – MCG Quantity Surveyors Get a bundle of eBooks and reports = www.PodcastBonus.com.au Join us at Wealth Retreat 2024 www.WealthRetreat.com.au Shownotes plus more here: Stop picking on property investors with Mike Mortlock

Have you set big goals for yourself in investing or business in 2024? Is financial freedom part of your plan? Today's show is a continuation of a two-part series where Mark Creedon and I explore 18 Wealth Lessons from Morgan Housel's great book The Psychology of Money. Housel tells us about the principles of behavioral finance rather than property strategy or finance tips. The psychology of investor behaviors can help you understand why some make successful moves while others don't, and help you create the right wealth habits and mindset for yourself. In the last show, we discussed 9 wealth lessons in the first 9 chapters of the book. Mark and I continue on today with the rest of the chapters. No matter where you are on your financial journey, today's show will help you on the way to financial freedom and property, investment, and business success. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Why not join Metropole's Mastermind Business Accelerator Learn more about Mark Creedon – Business Coach to some of Australia's leading entrepreneurs Get a copy of Mark's new book here – Have a Business, not a Job Subscribe to Mark's Mastermind for Business Podcast here Get a bundle of eBooks and reports – www.PodcastBonus.com.au Join us at Wealth Retreat 2024 – find out more and register your interest – www.WealthRetreat.com.au Shownotes plus more here: Pocketing Prosperity: Exploring Morgan Housel's Wealth Wisdom Part 2

At the start of a new year, forecasters come out of hibernation with all of their predictions for what's ahead of us. Property investors always want to know what's going to happen in the future, but when you look at their predictions in the past, their track record leaves much to be desired. Should you really pay attention to forecasts? I'll discuss that in today's episode with Brett Warren, National Director of Metropole Property Strategists. While we're at it, I want to make 10 forecasts for the decade ahead and also talk about 10 things that will remain the same in property. Links and Resources: Michael Yardney Brett Warren – National Director Metropole Property Strategists Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports = www.PodcastBonus.com.au Join us at Wealth Retreat 2024 – express your interest here – www.WealthRetreat.com.au Shownotes plus more here: 10 property forecasts for the next decade and 10 things that will stay the same With Brett Warren

I'm often asked what I would do differently if I could live my investing journey all over again. I've certainly made my fair share of mistakes along the way and paid huge "learning fees" because of them. However, instead of being defeated, I learned from each error and moved forward a little bit wiser. If you ask me that's one of the keys to investment success - the ability to pick yourself up from setbacks, learn what you can from them (including your own limitations) and simply try again. So, to help prevent you from making the same mistakes, in today's show Brett Warren, National director of property at Metropole and I are going to chat about some of the things I wish I knew when I first started investing. Takeaways Setting clear goals is essential for success in property investment. Buying in the right location is not negotiable Building a supportive team can enhance investment success. A wealthy mindset and abundance thinking are traits of successful investors Delayed gratification is critical to long-term wealth. Overcoming fear is necessary for making investment decisions. Learning from your failures can lead to future success. Compounding and leverage are powerful tools in property investment. Ignoring media noise helps you maintain focus on long-term goals. Balancing cash flow and capital growth is vital for financial stability. Gratitude is important as is giving back to the community Chapters 04:15 The Importance of Education and Mentorship 07:30 Setting Clear Goals for Property Investment 10:37 Building a Supportive Team 13:24 Developing a Wealthy Mindset 16:25 The Power of Delayed Gratification 19:12 Overcoming Fear in Investment 22:38 Learning from Failure 25:34 Understanding Compounding and Leverage 28:33 Ignoring the White Noise of Media 31:17 Balancing Capital Growth and Cash Flow 34:21 The Significance of Location 37:29 Financial Discipline and Gratitude 39:20 Giving Back to the Community 39:31 The Power of Perseverance 40:24 Finding Strength in Adversity 40:42 Understanding Market Trends and Analysis Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Brett Warren - National Director of Property at Metropole Join us at Wealth Retreat - Australia's Premier Wealth Retreat for Elite Investors and Business People www.WealthRetreat.com.au Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future. Shownotes plus more here: 16 things I wish I knew when I started investing, with Brett Warren

Today's show is aimed at helping you become a better investor, entrepreneur, or business person with the help of the wealth lessons in Morgan Housel's book, The Psychology of Money. Rather than property or finance strategies, Housel's book is about the principles of behavioral finance. Understanding the effects of psychology on investors and financial markets can give you important insights and help you overcome the biases that are holding you back. Listen in as Mark Creedon and I explore quotes from Housel's book and explain why investors sometimes seem to make bad decisions or work against themselves, and how you can avoid falling into these pitfalls. We'll cover each chapter over two episodes of the Michael Yardney Podcast Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Why not join Metropole's Mastermind Business Accelerator Learn more about Mark Creedon – Business Coach to some of Australia's leading entrepreneurs Get a copy of Mark's new book here – Have a Business not a Job Subscribe to Mark's Mastermind for Business Podcast here Get a bundle of eBooks and reports – www.PodcastBonus.com.au Join us at Wealth Retreat 2024 – find out more and register your interest – www.WealthRetreat.com.au Shownotes plus more here: 18 Wealth Lessons from "The Psychology of Money" by Morgan Housel with Mark Creedon

Knowing what you know now, what would you have done differently in 2023? In this episode, we reflect on the pivotal lessons of the past year, providing 23 key insights that have reshaped our real estate investment strategies. From the intricate analysis of diverse Australian property cycles to the crafting of tailored strategic plans, we dissect the forces influencing market dynamics and how to leverage them for wealth accumulation. Emphasizing the significance of risk management, asset diversity, and long-term planning, we delve into the marathon journey to financial independence through property investment. Alongside practical investment wisdom, we also touch on the philosophical, advocating for contentment and gratitude in our pursuit of success. This episode is not just a treasure trove of investment advice, but also a reminder of the importance of aligning our financial goals with personal fulfillment. And as I share these lessons with you I hope they'll give you some direction and certainty in the challenging markets ahead. The Investor's Compass: 23 Vital Lessons in 2023's Real Estate Market With a focus on the Australian real estate landscape, these 23 lessons provide a comprehensive guide to building a resilient and profitable property portfolio. Listeners are invited to explore the lessons learned from the past and how they can be applied to ensure investment success in the current year. 1. Expect the unexpected The biggest risk is the one that no one sees coming. If no one sees it coming then no one is prepared for it and if no one is prepared for it, its damage will be amplified when it arrives. 2. Focus on the long term It's not a good strategy to make 30-year investment decisions based on the last 30 minutes of news. 3. It's the media's job to entertain you – not educate you Negative headlines drive clicks and views and get eyes on advertiser content. That doesn't mean they're reliable. 4. Take economic forecasts with a grain of salt It's often the things you can't predict that make the difference, while the things you can predict don't have as big an impact. 5. Don't believe the doomsayers There will always be somebody wanting to stall the aspirations of their fellow Australians who are looking to take their financial futures into their own hands and do something about it. 6. No one really knows what's going to happen to the property markets While it's important to have mentors, make sure you're listening to somebody whose opinions are based on successfully investing through multiple cycles. 7. There is no such thing as the "Australian property market." There are multiple markets in Australia, and each state is at a particular stage of its own property cycle within each state multiple submarkets depend on price point, geography, and type of property. 8. Don't try and time the market If you buy the right investment-grade assets, time in the market is much more important than timing the market. 9. The crowd is usually wrong Market sentiment is a key driver of property cycles and one of the reasons why our markets overreact, overshooting the mark during booms and getting too depressed during slumps. 10. Property investment is a game of finance with some houses thrown in the middle Strategic property investors have a financial plan to buy themselves not only real estate but also time. 11. You need to plan Attaining wealth doesn't just happen, it's the result of a well-executed plan. 12. Invest for Capital Growth Cash flow is important and will keep you in the game, but it's capital growth that gets you out of the rat race. 13. There will always be reasons not to invest Focus on your long-term goals and remember that the year's crises are part of the normal course of history. 14. Property investment is risky in the short-term, but secure in the long term 2022 reminded many property investors that real estate is not a way to get rich quickly. Those who stay in the property game benefit from the power of compounding growth which builds wealth but takes time. 15. Plan for the worst and look forward to the best There will always be those X factors that crop up and affect the market. Protect yourself by planning well, but also planning on the plan not going according to plan. 16. You can't rely on one stream of income Rather than relying on your job as an income source, become financially fluent, learn to invest, and develop multiple streams of income. 17. There are always risks associated with investing Don't be afraid of failing, because the biggest risk is not doing anything to protect your financial future. 18. Cautious optimism is better for your investment health than perma-pessimism. But having said that, optimists are more successful in all areas of life than pessimists. 19. Time is a limited resource – don't waste it You can lose money and get it back again, if you're sick you can often get your health back again, but once the time has gone it is gone and is irretrievable. Start to capitalize

Today I want to share some top wealth-creating insights that Brett Warren and I gained at Wealth Retreat. This is Australia's number one learning and networking event for already successful property investors, businesspeople, and entrepreneurs, which we held on the Gold Coast in April last year. As I spoke to many of the attendees from previous years, I was blown away and humbled by the feedback as they explained how Wealth Retreat had changed the way they handle their investments, business, and in fact many aspects of their life and how it was the best event they had ever attended. So, what did they learn? That's what we're going to discuss today. Wealth Retreat Lessons Last year's Wealth Retreat on the Gold Coast has now been and gone. There were 100 successful property investors, business people, and entrepreneurs in the room. And while they learned some great lessons from the world-class presenters up on stage, they also learned from the other guests over the 5 days. After all, how often do you find yourself in a room full of successful, like-minded people, that walk and talk the same language? Opportunities like this are few and far between and not to be missed. So today, I'm joined by Brett Warren, national director of Metropole who's been to Wealth Retreat over a dozen times, to see what lessons he learned, or re-learned, that he could share with you. Lesson 1 – Creating Wealth is a Process, Not an Event When I started my wealth journey, I was always waiting for something "big" to happen. I too played the lottery and waited and hoped. Maybe one day I would buy a property and develop it to then sell for a huge profit. To my relief and probably yours, I found out there is a better way. We had a great session about using a specific framework to find a pathway to your goals. We started out by working out what our end goal is, that is what we would like to achieve, and in what timeframe. Then by following the proven framework, we can reverse engineer and put the steps in place to understand what is required to get there. Lesson 2 – Time and Task Prioritisation How is your time management? You need to work out what your A, B, C, and D class activities are. In short, class activities are generally events that happen maybe only a couple of times each year but can generate the greatest amount of income. An example may be attending an event like Wealth Retreat. B class activities are next, and while not as important as A class activities will still generate a good amount of income and so on to C class and then D class activities. D class activities are the least of the income-producing tasks, like fixing a printer or minor admin tasks. This was a great exercise to understand where you are your most dollar productive. Lesson 3 – A Wealth Thermostat Your mind is like a cup, once it is full of water, it overflows, and you are unable to put any more water into the cup. To take on more water, you need to increase your cup size. So, to increase your financial thermostat, and therefore your wealth, you need to increase your mind's capacity. If you liken the water to opportunity and your mind to the cup, once your mind reaches capacity, you may miss opportunities that come your way. Lesson 4 – To become financially independent you need to treat your property investments like a business Over the last few years, it became obvious to me that those investors who treated their property investments like a business were the ones who managed to develop financial independence from their properties. And those that didn't seemed to be working for their properties rather than the other way around. A small group of Australian investors treats their properties as a business. They are the CEO of their business and realize that it's not how much money you make that matters, but how hard that money works for you and how much you keep that matters. They have a plan including a property plan, a finance plan, a tax plan, and an asset protection plan and are surrounded by a good team of specialists. Lesson 5 – Alone you are vulnerable; connected we are strong Many investors think they must do it all themselves or learn it all themselves. Partly because they think they know better than others or maybe it's because they are not hanging around the right people – supportive, encouraging people. And these get harder to find, the more successful you are. But we cannot be our best selves in isolation from the world. We need other people. The key is making sure we're spending time with people who inspire, empower, and encourage us. Lesson 6 – Your peer group is contagious ● Will your current peer group empower you to reach your deepest dreams goals and your life's purpose? ● Will they hold you accountable to a high enough standard or will they let you slip back into your old comfort zone? ● Will they feed your ideas and give you input to help you overcome challenges you face along the way? ● Will they support you when you're having a tough moment

Now here's a question for you - what sort of returns can you expect from your property investments over the next decade? In today's episode, independent financial advisor Stuart Wemyss provides an insightful exploration into what you can expect in the coming years. Unpacking the Next Decade of Property Investment Returns With a deep dive into data-driven analysis, historical trends, and potential opportunities and risks, my conversation with Stuart offers a wealth of knowledge for those navigating the property investment and rental market landscapes. We explore the recent period of low rental growth, the contributing factors, and possible solutions to balance the needs of owner-occupiers and investors. ● Potential returns for property investors over the next decade, focusing on data-driven analysis, historical trends, and potential opportunities and risks. ● The average 9.7% rolling decade return for Melbourne and Sydney, which demonstrates the significance of long-term returns over short-term predictions. ● The recent period of low rental growth and the contributing factors, such as low interest rates and dominance of owner-occupiers in the market. ● The need for a balance between owner-occupiers and investors to solve the current rental crisis. ● How to attract more private landlords to provide affordable accommodation and help those who are struggling to enter the mortgage market. ● Recent market changes and their impact on rental and capital growth. ● The potential role of the government in resolving the rental crisis. ● The concept of mean reversion and its potential impact on future returns. ● The importance of being prepared for uncertainties and potential headwinds in the property market. Links and Resources: Michael Yardney Stuart Wemyss – Prosolution Private Clients Stuart Wemyss' blog mentioned in this show Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports – www.PodcastBonus.com.au Some of our favourite quotes from the show: "But we were talking about the concept that there aren't enough private landlords, and in Australia the system is such that about a third of Australians rent, and not necessarily because they're poor, often just because of the stage of their life." – Michael Yardney "There's going to be headwinds this year. Interest rates are going to probably remain a bit higher a bit longer than some expected, inflation is going to take a little bit longer to get under control if the government has its way." – Michael Yardney "Rather than keep us alive, our worries are more like spinning on a wheel in a ditch." – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

Maybe you're too biased to become a successful property investor? What do I mean by that? Well…did you know that we can sometimes be our own worst enemy as property investors? It's not because of the decisions we make, the opportunities we consider, or the investments we miss out on, but rather, it's due to the way we think. By the last count, I've read that there are 188 types of these fallible mental shortcuts in existence, and they constantly impede our ability to make the best decisions about our careers, our relationships, and for building wealth over time. So, whether you are a beginner or an experienced investor, whether you're in business or an entrepreneur you'll enjoy my chat today with Mark Creedon, founder of Mastermind Business Accelerator as we discuss why seemingly rational people act irrationally when it comes to money. Cognitive Biases You Need to Know Without always knowing it, property investors are pre-programmed with a range of biases which may cause them to interpret information incorrectly and thus undertake sub-optimal investment decisions. You see, most of us think we're rational people but we're not. There is no shortage of cognitive biases out there that can trip up our brains. However, because cognitive biases are based on generalizations and assumptions, they can't always be correct. And if you don't check your reasoning, they can lead to judgments and decisions that negatively impact your business. 1. Confirmation bias People tend to search for information that confirms their view of the world and ignore what doesn't fit. In an uncertain world, we love to be right because it helps us make sense of things. One way to counter confirmation bias is to read things you're going to disagree with. In other words, read all you can from reputable sources, whether it's confirming your original view or not. 2. Anchoring bias We have a tendency to use anchors or reference points to make decisions and evaluations, and sometimes these lead us astray. This is because the initial price you set for a house or car or more abstractly, for a deal of any kind, tends to have ramifications right through the process of coming to an agreement. Whether we like it or not, our minds keep referring back to that initial number. It's important for you to evaluate any property deal based on its own fundamentals and all the information you have available from your research and due diligence at the time. 3. Awareness bias How are your investments performing – are you happy with the results you're getting? It's been shown the poorest performers in all areas of life are the least aware of their own incompetence, a phenomenon known as the Dunning-Kruger effect. If you're the smartest person on your team you're in trouble. It's best to work with a team of mentors and professional advisors. 4. Positivity bias In the face of lack of capital growth, prolonged vacancies, or inflated expenses, some investors continue to believe that their investment will turn the corner "one day." The problem with this is that when all signs point to a dud investment, it likely is one – but positivity bias can stand in the way of an investor taking action to rectify the situation. One of the best things an investor can do is admit what they don't know and get a good team of professionals around them. 5. Negativity bias Just as some investors can be overly positive this is the tendency to put more emphasis on negative experiences rather than positive ones. Our ancestors evolved a brain that routinely tricked them into making three mistakes: overestimating threats, underestimating opportunities, and underestimating resources. This helped keep them alive. It's a great way to pass on genes, but a lousy way to promote quality of life or grow your wealth through property. Fact is: there will always be property pessimists around, but you can minimize your risks and maximize your upside if you educate yourself and become financially fluent, follow a proven strategy, and get a good team around you. 6. Status quo bias This describes our tendency to stick with what we know, whether or not it's the best course of action. Psychologists call this "loss aversion" and it explains why so many Australians are willing to stick their money in a plain old bank account earning minimal interest, rather than taking the "perceived risk" of property investment. Successful investors, businesspeople, and entrepreneurs have mentors, coaches, and mastermind groups to help them see their blind spots and to encourage them to keep moving forward. 7. Survivorship Bias The misconception here is that you should focus on the successful if you wish to become successful, while the truth is that when failure becomes invisible, the difference between failure and success may also become invisible. The trick when looking for advice is to not only learn what to do but also look for what not to do. 8. Bandwagon bias This is the psychological phenomenon whereby people do something p

Homeownership is looking further out of reach for anyone without family wealth, as over the last few years property prices kept growing and wages fail to keep up. Over the last decade or so property prices keep growing and wages failed to keep up and over the last few years affordability seems to have decreased as interest rates keep increasing. Is it really harder to get into the property market today than it was a number of decades ago? That's what I discuss today with independent financial adviser Stuart Wemyss. And even if you already own a home, I'm sure our discussion will be valuable because it will help you understand what we believe is ahead for our housing market. Is homeownership harder today? Many people are suggesting it's much harder to buy a property today than it was years ago. They're telling us that Baby Boomers don't really understand how hard it is. My guest today, independent financial advisor Stuart Wemyss, believes it's actually easier to buy a property today than it was many decades ago. Now I know some people listening to this one disagree so I'm looking forward to hearing his views. Millennials are telling us that buying a house today is far harder than when their parent got into the market because the rate by which property prices have soared is well beyond that of wage growth. At first glance these arguments make sense, but there's more to it than that. I would like to suggest that in many respects, buying a property today is easier than it was many decades ago. 1. Abundant access to information, knowledge, strategies, advice, and so forth How do you get ahead financially? One solution is to get the best advice so that you make the most of your financial opportunities. Often people learn by trial and error, but that can be expensive and waste valuable time. You can fast-track your financial success by learning the best way to use your money. ● There is an absolute abundance of information that is available on the internet. ● Most of it is accessible instantaneously at no cost. ● Blogs, forums, podcasts, books, websites, software, and so on. It cannot be underestimated how valuable that is. 25 years ago, no such information was available. There were a few books about property investing, but not many. The only way to learn about borrowing strategies was by meeting bank staff, but they weren't particularly knowledgeable or helpful. Therefore, unless you knew a successful property investor, it was hard to access knowledge. As the saying goes, "knowledge is power". 2. Much higher borrowing capacity Thirty to forty years ago, borrowing 3 times your gross income was seen as very high risk. Today, the banking regulator (APRA) classifies a high-risk borrower as anyone that borrows more than 6 times their gross income. Therefore, by this measure, borrowing capacity has increased by 2 to 3 times over the past few decades. In addition, 30 years ago, it was not possible to borrow more than 80% of a property's value. Today, owner-occupiers can borrow up to 95%. 3. Higher earning capacity and more employment opportunities The internet has made it very easy to connect with people around the world. This means people can explore a lot more job opportunities. In fact, given the increased acceptance of working from home, it is not even necessary for you to live in the same country as your employer. Whilst these advancements might make the job markets more competitive, for some occupations it opens (literally) a whole world of opportunities. Therefore, first-time property buyers can proactively explore many opportunities to increase their income, thereby increasing their borrowing capacity and purchasing power. In addition, incomes have increased in real terms over the past few decades, especially for many professional white-collar occupations. There are some young people earning 2 to 3 times more than what was possible in their occupation decades ago. I discuss this further below. 4. Family guarantees & the bank of mum and dad The biggest impediment that delays first-home buyers getting into the market is saving enough for a deposit. First homeowners need a minimum deposit of at least 12% of a property's purchase price (a 5% deposit plus 7% for costs including stamp duty and legal fees). That can take a long time to save. The most effective way to alleviate a lack of deposit is to get help from family. This might come in the form of providing a family guarantee. Alternatively, parents might prefer to provide their child with a gift or a loan. Most baby boomers have benefited greatly from higher property prices over the past few decades and are in a good position to help their children. 5. Cash flow budgeting/management tools It is critical that young people establish good cash flow management practices as soon as they enter the workforce, as these habits tend to stick with you over your lifetime. Establishing a strong savings pattern will serve two purposes. ● Firstly, it will help a prospective hom

Many people are continually in pursuit of financial freedom. Yet, only a few seem to understand the true path to this seemingly elusive destination. It's not just about earning more or saving more; it's about cultivating the right mindset. I'm going to start today's show with a bold claim. I'm going to suggest that this is probably going to be one of the most important podcast episodes you're going to listen to in the next 12 months. Today you're going to hear Jarrad Mahon, director of Investors Edge real estate in Perth, interview me for his Perth Property Insider podcast. This happened a few months ago after Wealth Retreat last year. We're at the beginning of a new year which will be full of challenges but also full of opportunities, and it's very likely that you made some resolutions, or at least some thoughts about your plans for the upcoming year. Now I'm going to share with you a sneak peek behind the curtains of what a small group of already very successful property investors, businesspeople, and entrepreneurs learned at Wealth Retreat. We're going to talk about why a small group of investors outperform and what you may have to do differently this year because, as I also say at Wealth Retreat, the best is yet to come. Links and Resources: Metropole's Strategic Property Plan – to help both beginning and experienced investors Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Jarrod Mahan – Investors Edge Perth Join us at Wealth Retreat 2024 – find out more here and express your interest. Shownotes plus more here: The Game Changer: The Crucial Shifts for Prosperity in this New Year – with Jarrad Mahon

In today's show, I want to discuss with you the five levels of investing, a framework that I have created to help you understand where you are on your journey and to help you make sure you reach the top level as a successful investor. Then I'm going to share some interesting information with you about the tsunami of wealth Baby Boomers are expected to leave their children. Do you understand the Five Levels of Investing? If you want to become a successful property investor, you really need to understand the five levels of investing. I've created a model to explain the progression most investors take in their path to developing financial freedom. Level 0 – The Spender Level 0 are really not investors – they tend to be spenders and borrowers and as a result, end up with a high level of debt. A large part of our adult population falls into this category and they will never become wealthy unless they do something radically different. Level 1 – The Saver Most people who are not spenders will generally be what I call savers. Their main investment is their home, which they aim to pay off over time. Sometimes they save a little, squirreling away a few dollars of what's left over after paying tax but in general, they save to consume, not to invest. They will get the most leverage by investing in themselves and getting a quality financial education and beginning to build a network of peers whom they can make the journey with. Level 2 – The Passive Investor Level 2 investors have become aware of the need to invest. They realize their superannuation won't get them through retirement, so they learn about investment and accumulate assets. While they are generally intelligent people, they are still what I would call financially illiterate – they don't really understand the rules of money. They must unlearn the flawed, incorrect, and misguided lessons they have learned about money and wealth from unqualified teachers. Level 3 –The Active Investor Level 3 investors realize that they must take responsibility for their financial future and become actively involved in their investment decisions. They become financially literate by building a knowledge base of investment strategies and techniques. Level 3 investors usually leverage the time and expertise of a network of industry professionals as they realize that they can't do it all themselves. They also upgrade their network of advisors and peers, often joining a Mastermind group of like-minded people. Level 4 – The Professional Investor A very small group of investors move to the top rung of the ladder and become a Level 4 "professional" investor who has built and now manages a true investment business. A Level 4 investors' property investment business has a substantial asset base that generates sufficient recurring passive income to pay for their lifestyle costs. They keep growing their investment portfolio whether or not they work in a real job. These professional investors don't hand control of their investments over to others; they retain control whilst employing a proficient team: accountants, finance brokers, property managers, solicitors, and property strategists who have great systems that achieve repeated and consistent results, which are reliable and predictable. This gives Level 4 investors the freedom to choose whether they get up in the morning and go to work or not. Asset Growth first, then income stage It's important to understand that the first stage in becoming financially free is to educate yourself; the next stage is that of asset accumulation – your job as a Level 3 investor is to build a sufficiently large asset base to fuel your "cash machine". Then, only when you have grown a substantial asset base, do you transition into the cash flow (income) stage of your life as a level 4 investor. What is your Level of Wealth? Now it's time for some home truths. How far up the Wealth Pyramid are you? Where do you currently sit in this hierarchy of investors? Everyone starts at the bottom – at Level 0 – but not everyone makes it to Level 4. In fact, few do. But you can once you understand why the rich keep getting richer. What I want you to understand is that the "active" income you make (the pay packet you work for every day) has nothing to do with what level of investor you are and in fact is one of the worst predictors of wealth. One great thing about freedom is the freedom to choose to live the life you want to live. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a heap of eBooks and reports here: - www.PodcastBonus.com.au Some of our favorite quotes from the show: "Savers tend to be afraid of financial matters. They're generally unwilling to take risks." – Michael Yardney "You've got to go through the various stages to become financially independent." – Michael Yardney "Continue to work more on yourself than you do on your job so you become more valuable t

In today's show, I want to discuss with you the five levels of investing, a framework that I have created to help you understand where you are on your journey and to help you make sure you reach the top level as a successful investor. Then I'm going to share some interesting information with you about the tsunami of wealth Baby Boomers are expected to leave their children. Do you understand the Five Levels of Investing? If you want to become a successful property investor, you really need to understand the five levels of investing. I've created a model to explain the progression most investors take in their path to developing financial freedom. Level 0 – The Spender Level 0 are really not investors – they tend to be spenders and borrowers and as a result, end up with a high level of debt. A large part of our adult population falls into this category and they will never become wealthy unless they do something radically different. Level 1 – The Saver Most people who are not spenders will generally be what I call savers. Their main investment is their home, which they aim to pay off over time. Sometimes they save a little, squirreling away a few dollars of what's left over after paying tax but in general, they save to consume, not to invest. They will get the most leverage by investing in themselves and getting a quality financial education and beginning to build a network of peers whom they can make the journey with. Level 2 – The Passive Investor Level 2 investors have become aware of the need to invest. They realize their superannuation won't get them through retirement, so they learn about investment and accumulate assets. While they are generally intelligent people, they are still what I would call financially illiterate – they don't really understand the rules of money. They must unlearn the flawed, incorrect, and misguided lessons they have learned about money and wealth from unqualified teachers. Level 3 –The Active Investor Level 3 investors realize that they must take responsibility for their financial future and become actively involved in their investment decisions. They become financially literate by building a knowledge base of investment strategies and techniques. Level 3 investors usually leverage the time and expertise of a network of industry professionals as they realize that they can't do it all themselves. They also upgrade their network of advisors and peers, often joining a Mastermind group of like-minded people. Level 4 – The Professional Investor A very small group of investors move to the top rung of the ladder and become a Level 4 "professional" investor who has built and now manages a true investment business. A Level 4 investors' property investment business has a substantial asset base that generates sufficient recurring passive income to pay for their lifestyle costs. They keep growing their investment portfolio whether or not they work in a real job. These professional investors don't hand control of their investments over to others; they retain control whilst employing a proficient team: accountants, finance brokers, property managers, solicitors, and property strategists who have great systems that achieve repeated and consistent results, which are reliable and predictable. This gives Level 4 investors the freedom to choose whether they get up in the morning and go to work or not. Asset Growth first, then income stage It's important to understand that the first stage in becoming financially free is to educate yourself; the next stage is that of asset accumulation – your job as a Level 3 investor is to build a sufficiently large asset base to fuel your "cash machine". Then, only when you have grown a substantial asset base, do you transition into the cash flow (income) stage of your life as a level 4 investor. What is your Level of Wealth? Now it's time for some home truths. How far up the Wealth Pyramid are you? Where do you currently sit in this hierarchy of investors? Everyone starts at the bottom – at Level 0 – but not everyone makes it to Level 4. In fact, few do. But you can once you understand why the rich keep getting richer. What I want you to understand is that the "active" income you make (the pay packet you work for every day) has nothing to do with what level of investor you are and in fact is one of the worst predictors of wealth. One great thing about freedom is the freedom to choose to live the life you want to live. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a heap of eBooks and reports here: - www.PodcastBonus.com.au Some of our favorite quotes from the show: "Savers tend to be afraid of financial matters. They're generally unwilling to take risks." – Michael Yardney "You've got to go through the various stages to become financially independent." – Michael Yardney "Continue to work more on yourself than you do on your job so you become more valuable t

Are you hoping to be a better investor, businessperson, or entrepreneur? Well, today's show is for you because we discussed the concept of behavioural finance, which is the study of the effects of psychology on investors and financial markets. But don't worry, it's not woo-woo stuff, and it's not technical. Instead, I share several quotes from my favourite author, Morgan Housel, and Mark Creedon and I will try and explain why investors often appear to lack self-control, act against their own best interest, and make decisions based on personal biases instead of facts. Whether you're a beginning investor or well down the track in your investment journey, I'm sure today's show will give you some insights, as you're probably twice as biased as you think, and if you don't think this applies to you, you're probably four times as biased as you think. Want to become better with your finances? Well, you could do a lot worse than learning from my favourite author, Morgan Housel, author of the Psychology of Money. His book The Psychology of Money shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life's most important topics. And today, I'd like to discuss several of Morgan Housel's quotes with Mark Creedon, founder and CEO of Metropole's Business Accelerator Mastermind. Doing well with money isn't necessarily about what you know. It's about how you behave. And behavior is hard to teach, even to really smart people. ● Doing well with money has little to do with how smart you are and a lot to do with how you behave. ● Money―investing, personal finance, and business decisions―is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world, people don't make financial decisions on a spreadsheet. ● Emotions can override any level of intelligence. Morgan Housel Quotes "Be careful when reading about how stupid investors can be and not realize you're reading about yourself." "The problem with economic forecasting is that the things you can predict tend to not matter, and the things you can't predict make all the difference in the world." "Planning is important, but the most important part of every plan is to plan on the plan not going according to plan." "Getting rich and staying rich are different things that require different skills." "Most financial mistakes come when you try to force things to happen faster than is required. Compounding doesn't like when you try to use a cheat code." "Imagine how much stuff you'd have to make up if you were forced to talk 24/7. Remember this when watching financial news on TV." ● Investors were probably better informed 20 years ago when there was 90% less financial news. ● Predictions, opinions, and forecasts should be discounted by the number of times the person making them is on TV each week. ● The more you want something to be true, the more likely you are to believe a story that overestimates the odds of it being true. "The market is rational, but investors play different games, and those games look irrational to people playing a different game." ● A lot of financial debates are just people with different time horizons talking over each other. ● Beware of taking financial cues from people playing a different game than you are. ● Everyone is making a bet on an unknown future. It's only called speculation when you disagree with someone else's bet. "When things are going extremely well, realize it's not as good as you think. You are not invincible, and if you acknowledge that luck brought you success, then you have to believe in luck's cousin, risk, which can turn your story around just as quickly." "Controlling your time is the highest dividend money pays." "No one is impressed with your possessions as much as you are." ● Don't attempt to keep up with the Joneses without realizing the Joneses aren't any happier than you are. "Read last year's market predictions, and you'll never again take this year's predictions seriously." ● A big takeaway from economic history is that the past wasn't as good as you remember, the present isn't as bad as you think, and the future will be better than you anticipate. "You're twice as biased as you think you are (four times if you disagree with that statement)." "Tell people what they want to hear, and you can be wrong indefinitely without penalty." "You're twice as biased as you think you are (four times if you disagree with that statement)." "Risk management is less about how you respond to risk and more about recognizing how many things can go wrong before they actually do." "If you have an idea but think "someone has already done that," just remember there are 1,010 published biographies of Winston Churchill." ● Just because someone else has done it before, that's not a reason not to do it. If anything, it means that you can do it too. More people wake up every morning wanting to solve problems than wake up looking to cause

As the Australian property market continues to defy expectations, financial analyst Pete Wargent joins me to unravel the complexities of its current landscape. Being the first Big Picture Podcast for the new year, I want to look at the clues in the news for what's ahead for our economy and our housing markets in 2024. Insights into Australia's 2024 Property Sector and Economic Trajectory In this episode, Pete Wargent and I discuss: ● How forecasts of housing market declines in early 2023 proved wrong and investors were wise to ignore them ● Supply and demand will continue to drive property markets in 2024 with shortages persisting ● Interest rate hikes had a limited impact on property markets in 2023 and rates are now expected to peak and start falling ● Inflation is cooling in Australia and overseas which is positive for interest rates medium-term ● The economy is slowing which reduces the chance of more rate hikes while also lowering the risks of cuts happening too fast ● Population growth has surged to the highest levels since the 1950s, fueling massive demand for housing ● The construction industry is in crisis and unable to deliver anywhere near the dwellings required ● Foreign investment has fallen but build-to-rent may attract some overseas capital ● Consumer confidence should rebound in 2024 as economic stability returns post-rate hikes ● Clarity that interest rates have peaked will be a positive psychological shift for buyers and investors Links and Resources: Metropole's Strategic Property Plan – to help both beginning and experienced investors Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Join as at Wealth Retreat 2024 – www.WealthRetreat.com.au Pete Wargent's blog Some of our favorite quotes from the show: "There's an under-supply of properties and various estimates that already we're starting with 100,000 - 120,000 under-supply of dwellings and we're just not keeping up. So our markets are going to be under-supplied for years to come. – Michael Yardney "But the big thing that changed towards the end of 2023 is that the Federal Reserve finally has just pivoted and it was pretty clear cut. They're basically done with hiking interest rates." – Michael Yardney "If you cared at all, you're going to get some results. If you care enough, you're going to get incredible results." – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

Location, Location, Location! In today's podcast, we're going to dive deep into the world of property investment and explore the importance of location in achieving long-term success. And more importantly, what makes an investment-grade location. Joining me today is Brett Warren, National Director of Metropole Property Strategists, to share his expertise and insights into what makes a great location for investment. Whether you're a seasoned property investor or just starting out, today's podcast will provide you with valuable insights and practical tips to help you make informed decisions and achieve your investment goals in our changing property markets which are very fragmented. What to look for in an investment-grade location Location, location, location! I'm sure you've heard about the importance of location. In fact, you've probably heard me say that the location of your property will do around 80% of the heavy lifting of its capital growth. But what makes a great location for investment? That's the topic I'd like to discuss today with Brett Warren National Director of Metropole Property Strategists. Factors that make an investment-grade location There are many factors to take into account when looking for your next investment property, but if you do your research to find an investment-grade location, you'll be well on the way to making a good investment decision. Demographics The first factor to consider when choosing an investment-grade location is the demographics. At Metropole, we look for areas where resident incomes are growing faster than the state average. Supply and demand While a lot of people suggest population growth is a key driver of demand for property, it is important to look at the supply side of the equation. We like to invest in areas with a limited new supply of land or dwellings. That's why we like to invest in the inner and middle-ring suburbs of capital cities. Employment opportunities Employment opportunities are also a significant representative of a suburb's investment value. If an area has a diverse range of employment opportunities nearby, it is more likely to attract and retain a population of working professionals and families, and this will maintain property values. Infrastructure and amenities The availability of infrastructure and amenities is another important factor contributing to what makes a location "investment-grade." Infrastructure refers to the basic services and facilities that support the local community, such as roads, public transport, and hospitals. Amenities, on the other hand, refer to the recreational and cultural facilities that enhance the quality of life in the area, such as parks, restaurants, and entertainment venues. Walkability Investment-grade locations with easy access to shops and lifestyle precincts with high walkability will remain in high demand moving forward and have already seen more than 36% growth over the past 5 years. Beauty, amenities, services, and walkability are all key factors that help set a high-value investment-grade suburb apart from the rest. Gentrification Gentrification is a process where a neighbourhood or an area is improved and redeveloped, leading to an increase in property values and slow displacement of older long-term residents due to rising housing costs. This process often starts with the influx of middle or upper-class residents, new businesses, and amenities, which attract further investment and development. Gentrification is a positive factor for property investment because it brings economic benefits and improvements to an area which in turn creates more demand and therefore attracts higher prices for local properties. Attractive neighbourhoods character Another factor to consider for an investment-grade location is those neighbourhoods that have undergone gentrification and now have an attractive neighbourhoods character. This adds value to the neighbourhood and results in higher local property values because people are willing to pay a premium to live in attractive areas. Low crime rate Areas with a low crime rate are far more desirable to live in than those with a higher crime rate - people are willing to pay more to live in a safe suburb where you can live without fear of crime on your doorstep and this higher demand helps to support property prices. What are the different types of locations? Not all real estate locations are equal and just like there are different precincts on the Monopoly board, there are basically 4 types of locations where you could buy properties in the real world, and some are much more worthwhile than others. Discretionary locations These are the most expensive locations in our capital cities – the "established money" locations where most of the residents have lived for a long time and where many residents have paid off their home loans years ago. Aspirational locations These are the upper-middle-class areas and gentrifying locations of our big cities which would also be considered

Our property markets are changing, and we've now moved into the adjustment phase of the cycle where there will be less capital growth and where, in many locations, property values are falling. So, what should a property investor do? Well, in today's show with Brett Warren, national director of Metropole Property Strategists, we talk about whether property investing is an art or a science, which you'll need to understand if you want to be successful in these more challenging times. And I share some major structural shifts that created property booms in the past and what I believe the next one is going to be. Links and Resources: Michael Yardney Brett Warren – National Director Metropole Property Strategists Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports = www.PodcastBonus.com.au Shownotes plus more here: Is property investing an art or science? With Brett Warren, Summer Series

It's the time of the year when many of us are looking back at 2023 to see what's ahead for our housing markets in 2024. I was recently interviewed by Aaron Christie-David of Atelier Wealth for his Australian Property Investment Podcast. We had such a great discussion I asked Aaron if I could replay this episode for you, followers of the Michael Yardney podcast. In this replay, you'll hear my analysis of the Australian property market's performance in 2023 as well as educated predictions for 2024. Our discussion spans a variety of topics including the resilience of the market amidst rising interest rates, the increasing trend towards higher-density living, and the impact of government policy on homeownership. We also examine the urban infrastructure challenges posed by rapid population growth and consider innovative solutions to accommodate the demand for housing. Whether you're a new or seasoned investor, listening to this episode will help you gain valuable insights and strategies for property investment, underlining the importance of a proactive approach and the right mindset for success in the ever-evolving landscape of real estate investment. Market Mastery: Unpacking Australia's Real Estate Trends In our conversation today, we explore the complexities of the Australian property market, discussing trends from the previous year and making predictions for the future. Our discussion spans a variety of topics, including the resilience of the market amid economic changes, the role of government policy, demographic shifts, and the challenges of urban infrastructure. ● How 2023 went for Metropole ● The dynamic Australian property market of 2023 and its resilience despite interest rate hikes ● The government's influence on homeownership trends and the shift toward high-density living ● The property market's surprising buoyancy and the role of cash-rich buyers in driving demand ● Market indicators such as consumer confidence, auction clearance rates, and active bidders ● Housing affordability and the localized rise in property values ● Urban infrastructure challenges due to population growth and innovative housing solutions ● Insights from an interview with Leilani Burra on demographic trends and the need for new homes ● The importance of mindset and strategies for long-term success in property investment ● Avoiding common pitfalls and the value of mentorship and professional guidance Whether you're a seasoned investor or just starting out, the insights and discussions in this podcast will equip you with the knowledge and foresight needed to navigate the property landscape with confidence. It's a treasure trove of information that underscores the multifaceted nature of real estate investment and the various factors that contribute to success in this field. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Aaron Christie-David - Atelier Wealth Listen to the original Podcast here – The Australian Property Investment Podcast Get a bundle of eBooks and reports – www.PodcastBonus.com.au Some of our favorite quotes from the show: "One of the big, big changes at the beginning of this year is I stepped back from being CEO. I founded the company Metropole Properties in 1979, but we've been working with clients for almost 25 years now and I decided to step back and enjoy those things we're talking about." – Michael Yardney "I'd rather bring people up through education, through better jobs, through more skills, through good incentives from the government to allow them to buy their homes as well." – Michael Yardney "Usually, I've found that people who have had luck actually need to have the hubris, the ego, kicked out of them by the world doing it." – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how