Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

We all belong to one - a demographic tribe, that is. In fact, Australia is one big country of many tribes. If you don't belong to the one, you don't survive. Some are easy to find: it might be your footy team or where you work, the way you vote, or the way you dress. But there's another set of tribes that are of interest to property investors and businesspeople - the tribes and labels that demographers divide us into. Now I'm sure you've heard of Baby Boomers and Millennials, but have you heard of FIFOs or VESPAs, or the YOLO tribe? And do you know what they mean and how understanding the demographic tribes can help you target your investments or business decisions? That's what I'm going to discuss in today's show with leading demographer Simon Kuestenmacher. 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 of The Demographics Group Join us at Wealth Retreat 2024 – click here to find out more Shownotes plus more here: Do you understand the Demographic Tribes and how they influence our property markets With Simon Kuestenmacher, Summer Series

Are you looking at getting investment advice this year? How do you know who to ask? How do you know who to choose how to choose a property advisor, how do you know how to choose a buyers' agent? These are some of the questions we answer in today's Q&A episode the first in the summer series of the Michael Yardley podcast. Whether you are just starting out and looking for guidance, or you have been investing for a while and want to take your skills to the next level, this week's podcast is for you. 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 2023 – click here to find out more. Shownotes plus more here: How do you choose a property advisor or a buyers' agent, with Brett Warren, Summer Series

Today I'd like to share 2 interesting topics with you. The concept for the first part of my chat came about from an email I received from a client who is confused. She was wondering in a market that's buzzing with self-proclaimed property investment gurus, how do you differentiate between genuine expertise and fortuitous luck? We live in an era where overnight success stories often mask the hard realities of investing and understanding these nuances could be the difference between sustainable success and an unfortunate mishap. Regular listeners would know that I usually have guests on this show, but every now and then I like to have a chat, just you and me, where I can share my thoughts and that's what's going to happen today as I'd like to give you my perspective on these overnight property millionaires. And then I'm going to share quite a long mindset message, but I believe a really important one. If you want to stand out from the crowd and be a successful property investor, or a successful entrepreneur, then this session will be for you, but please be warned it's a little heavy. And before you think Michael's gone all metaphysical on me, please persist and listen to my thoughts because if I thought i could help you be more successful by showing the next property hotspot or another finance trick that's what I would discuss- instead I'm going to let you into the secret of how you can get more success by changing. Changing what you may be think – listen in and you'll find out. The Mirage of Overnight Property Millionaires Success and wealth creation take time. Drawing from the wisdom of renowned investing titans and underlining the significance of a shift in mindset, I'll share the psychology of wealth and success and explore the role of sound advice in property investment. ● Exploring the rise of self-proclaimed property investment experts and their potential pitfalls ● The danger of attributing too much value to one success story ● The four most dangerous words in investment ● How to recognize when you're an expert o The ability to achieve continuous, repeatable results in different markets ● The value of making detailed plans o How Metropole can help. Mindset Message: What Holds Australians Back from Wealth Creation I discuss: ● Shifting perspectives on wealth creation and the significance of your "wealth operating system" ● How childhood programming and restrictive beliefs can be obstacles in wealth creation ● The psychology of wealth and success, and how unconscious beliefs shape our relationship with money ● The invitation to join us Wealth Retreat 2024 for a deeper exploration into successful property investment and development ● The importance of sound advice in property investment and the dangers of relying on luck ● Emphasizing the necessity of a clear strategy in property investment ● The significance of adapting to change for successful wealth creation. It's important to learn differentiate between skill and luck and identify the role of mindset and the value of sound advice and strategy in wealth creation. This will equip you with the tools you need to navigate the complex world of property investment and realize your wealth potential. 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 Some of our favorite quotes from the show: "I explained to her that this new breed of get-rich-quick experts are really just selling tickets to see unicorns because there's no secrets to getting rich quickly." – Michael Yardney "I guess planning is bringing your future into the present, so you can do something about it now." –Michael Yardney "Now I know you may be uncomfortable with me saying this, but the level of wealth you're experiencing at the moment is the level of wealth you're most comfortable with." – 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

If you're most like most listeners of this podcast, you're looking to secure your financial future. I was interested to recently read that Australians think they need $650,000 in their superannuation to have a comfortable retirement. By the way, this would only give him $33,397 annual income - to me that's not a comfortable retirement and most Australians don't even have this in their super anyway. I guess that's why more and more Australians are taking control of their financial future and setting up a self-managed super fund, but even that's not a guarantee of financial success. In today's discussion, you'll get a chance to uncover the mysteries surrounding self-managed super funds. Ken Raiss, director of Metropole Wealth Advisory, and I talk about 9 common mistakes people make with their self-managed super funds. Whether you already own a super fund or are contemplating getting one, this discussion is tailored to serve you some pearls of wisdom that you wouldn't want to miss. Links and Resources: Ken Raiss, director of Metropole Wealth Advisory Have a chat with Ken Raiss to ensure you have the correct asset protection strategies in place – 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: Financial Fumbles: The Top 9 SMSF Mistakes You Could be Making, with Ken Raiss

In today's episode of the Michael Yardney Podcast, I'm joined by independent financial advisor Stuart Wemyss, and we tackle the great debate in property investment - the significance of rental yields versus capital growth. Stuart's insights, backed by years of experience and knowledge of Australia's property market, guide us through this complex topic. We uncover what rental yields can reveal about a property's potential, debunk misconceptions about 'blue chip' suburbs, and emphasize the importance of strategic planning and a long-term approach. Links and Resources: Michael Yardney Stuart Wemyss – Prosolution Private Clients Stuart Wemyss' blog mentioned in this show 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 Get a bundle of eBooks and reports – www.PodcastBonus.com.au Shownotes plus more here: What do rental yields really tell you about a property? With Stuart Weymss

Property investment is certainly not rocket science and while you don't have to be a genius to succeed in real estate, it never hurts to learn from great minds when trying to achieve great things. Renowned for his Theory of Relativity, Albert Einstein's wisdom extends beyond the realm of physics. On today's episode, I explored how his teachings can be applied to property investment and financial literacy. 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 Shownotes plus more here: Here's what Einstein can teach you about property investing.

Have you ever considered that women might just be better property investors than men? This episode reveals some fascinating insights into how gender impacts decision-making in property investment. We also delve into the age-old question of whether money can buy happiness and explore the transformative power of good habits in achieving financial success. I'm joined today by Tom Corley, author of the best-selling book, Rich Habits, Poor Habits, and in our discussion, we share powerful strategies for habit change. 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 Shownotes plus more here: Who makes better investors- men or women?

What's ahead for our property markets in 2024? That's what I'm going to be discussing today with Dr. Nicola Powell, Domain's Chief of Research and Economics. 2023 will go down in history as the year that a new property cycle began as our markets defied high interest rates and all the predictions from the property pessimists. But what's coming next in 2024? 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 End of Year Wrap and Forecasts Domain's Rental report Get a bundle of eBooks and reports – www.PodcastBonus.com.au Shownotes plus more here: 5 things all property investors must understand about Australia's housing Markets in 2024, with Dr. Nicola Powell

Today, I am joined by Mark Creedon, business coach and mentor to some of Australia's leading business people and CEO of the Metropole Property Group. Today, our discussion is centred around a fascinating list shared by Vala Afshar on Twitter – a collection of insights that reflect the wisdom one hopes to accumulate with time. Together, Mark and I discuss the concept of success, we talk about creating your own luck, remaining forward-focused, and leading by example. These are principles that will resonate with you as a player in the property market and as individuals committed to the pursuit of 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 Shownotes plus more here: Wisdom That Comes With Time: 33 Lessons Learned with Mark Creedon

Ever wondered why some property investors hit the jackpot while others barely scrape by? Well in today's show Brett Warren, and I shed light on strategies and philosophies that make a successful property investor. We reveal that the high-achievers do not come from a cookie-cutter background, but instead, a wide array of life stories and income levels. It's less about the size of your paycheck and more about financial discipline, so tune in to learn how to supercharge your property investment journey. The Blueprint of Successful Property Investing In my chat with Brett Warren, we explore the essential traits that set high-achieving investors apart. These key qualities can offer a roadmap to those looking to supercharge their property investment journey. 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: 11 traits shared by the most successful property investors, with Brett Warren

We tend to talk a lot about property on this Podcast, but the aim of property investment is to give you the financial freedom that leads to Iife choices The truth is that your superannuation balance is unlikely to be sufficient to cover your desired living expenses in retirement, and it's possible that by the time you choose to retire, the government will have changed the superannuation laws. Today, I discuss superannuation funds with independent financial adviser Stuart Wemyss, director of Prosolution Private Clients, including the possibility of an additional stream of income that he calls a third super fund. So prepare to ease your retirement fears, as we dive into the nuances of a third super fund and navigate the shifting government rules around superannuation. We'll also examine what you might need to maintain your living standards in retirement, and the average super balance you should aim for at retirement. As Stuart and I discuss today, your financial freedom in retirement may depend on thinking beyond the traditional super fund. 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: Have you considered setting up a third Super Fund? With Stuart Wemyss

In today's show Ken Raiss and I are talking about ownership structures. How you set things up can have lasting impacts on not only your asset protection but also your tax liabilities and your flexibility to grow in the future. And in particular the various ownership structures available for those interested in property development and in particular successful business ownership structures, Today's topic might not be the most glamorous but is unequivocally crucial for anyone invested in property investment or running a business. Get ready to harness the power of well-thought-out structures, learn how they can shield your assets, reduce tax liabilities, and pave the way for prolific growth. Links and Resources: Ken Raiss, director of Metropole Wealth Advisory Have a chat with Ken Raiss to ensure you have the correct asset protection strategies in place – 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: Building Wealth: Ken Raiss Unveils Optimal Structures for Property Development and Business Growth

Today's episode is something a little different but it's a special one. I recently had the privilege of joining Felicity and Candice from the "Talk Money to Me" podcast and it was a fantastic conversation. Today I'm going to replay that interview for you. In our chat, I dive deep into the current state of the property market and given the challenges many property investors are facing now, hopefully, by answering Candice and Felicity's questions, I'll also be answering some of your questions. 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 Felicity Thomas and Candice Bourke are Senior Private Wealth Advisers at Shaw and Partners Check out their range of services here Follow their Talk Money to Me Podcast here Shownotes plus more here: An Insider's Guide to Property Investing, Felicity and Candice from "Talk Money To Me Podcast" grill Michael Yardney

Welcome to this month's Big Picture episode of the Michael Yardney Podcast, where Pete Wargent and I dissect the multitude of macro-economic factors currently shaping our housing markets and the broader economy. We analyze the recent interest rate hike by the Reserve Bank and dissect its ramifications on the housing markets and the broader economic landscape in Australia against the backdrop of the global economic squeeze created by two major wars. Whether you're an investor, a homeowner, or just a curious mind, this monthly deep dive promises to keep you informed and ahead of the curve. We'll also explore future trends in the property market, considering factors like population growth, urban living allure, and the demand for medium-density dwellings. Pete and I also discuss the announcements from major banks and financial firms about bonuses linked to office attendance. 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 daily blog Shownotes plus more here: Our no-nonsense Big Picture Podcast about the economy and property markets with Pete Wargent

If you've ever wondered about the future of our housing markets and the prospects for property investment in Australia, or you're curious about how post-pandemic life is going to shape our cities, then today's episode is one you cannot afford to miss. I'm joined by Lailani Burra, CEO of. Id, who offers an eye-opening perspective on Australia's future property investment, urban planning, and lifestyle in the next 25 years. Lailani's team has just dropped a bombshell of a report that's going to shake up how we think about investing, living, and planning for the next 25 years. We're talking 7.4 million more Australians, two million new homes, and a seismic shift back to urban living—all by 2041. Her report gives us the inside track on how Australia's future will unfold. Get ready to take a deep dive into what Australia will look like for decades to come. Links and Resources: Michael Yardney Lailani Burra- CEO .id Informed Decisions Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get your free eBooks and reports at: www.PodcastBonus.com.au Shownotes plus more here: The Future of Australian Cities: how 7.4 million Australians will reshape our urban future with Lailani Burra

A property's value is typically divided into two components: the land value and the value of any improvements, such as the dwelling. Conventionally, land tends to appreciate over time, while buildings are said to depreciate as they get older and suffer more wear and tear. However, the rise in construction costs poses an interesting question: what impact do rising construction costs have? In today's episode, Stuart Wemyss and I discuss the ramifications of soaring construction costs on property investment. We cover the challenging landscape of the property market, focusing on aspects like renovations, investment locations, and the power of a positive mindset. From analyzing historical trends of construction costs outpacing inflation to discussing strategies for creating intergenerational wealth, Stuart's insights provide an in-depth exploration of property investment in the face of rising construction costs. 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: How should rising construction costs impact your property investment decisions? With Stuart Wemyss

Have you wondered how you could turn your passive property investments into a thriving, active portfolio? Most property investors adopt a buy-and-hold approach, but some are looking to become more active and get involved in property renovations or small developments. In today's I'm chatting with Greg Hankinson, director of Metropole Constructions, a seasoned player in the construction industry, who has over a thousand property renovations and 300 homes to his credit. Greg offers his insights into the world of property renovations and development and shares his expertise on adding value to investments, the potential risks, and the benefits of investing in property renovations. Whether you're an experienced investor or just starting out, this episode will give you some insights into becoming a more active property investor. Links and Resources: Michael Yardney Why not chat with Greg Hankinson – Director Metropole Constructions – please leave your details here Get the team at Metropole to help build you become an armchair property developer – find out more here. Get a bundle of eBooks and reports = www.PodcastBonus.com.au Shownotes plus more here: A Builder's take on the Do's and Don'ts of property renovations & townhouse developments. With Greg Hankinson

It's taken 200 years for Australia to reach the size we know today. Will we double that in just 60 years? It's hard to imagine, but in this podcast episode, demographic expert Simon Kuenstenmacher explores Australia's possible population doubling in the next six decades and the impact on cities and property demand. In our chat today, we talk about the future of Australian cities, the importance of medium-density housing, and investment in Australia's changing property market. Is this growth sustainable? How do we keep our lifestyle standards in the face of these changes? And if you're interested in property investment these trends will be essential for you to understand. 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 of The Demographics Group Shownotes plus ore here: Reshaping Australian Cities for a Sustainable Future with Simon Kuestenmacher

While many Australians are keen to invest in property to secure their financial future, the statistics clearly show that most investors fail to achieve their goals. That may be because of the many market myths and misconceptions that mislead even seasoned investors. In today's show Brett Warren, the National Director of Metropole Property Strategists, and I will debunk 19 common misconceptions and myths about property investment. By the end of the episode, you'll have gained valuable insights into the Australian residential real estate market, strategic long-term planning, and the critical role of financial buffers. 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: MythBusters: Debunking 19 Investment Myths You Thought Were True with Brett Warren

While you are probably here to learn about property investment, finance, or money, today I've got something a little different but exciting in store for you. If you're an entrepreneur, investor, or anyone charting their path towards personal growth and success, this episode is an absolute must-listen. You've probably heard the name Seth Godin—a best-selling author and a guy who genuinely understands the mechanics of personal and business success. In this episode, Mark Creedon and I will do an in-depth exploration of Seth Godin's 14 game-changing ideas. One of the reasons Seth Godin's ideas resonate so well is that they challenge traditional thinking. They push us to question the status quo and consider how we can be not just different, but better—better investors, better businesspeople, better individuals. 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: Seth Godin's Wisdom: A Roadmap for Property Investors and Entrepreneurs with Mark Creedon

We've all heard about booms and busts, bubbles, and sudden market shifts. But what if I told you that these aren't just random occurrences? What if these market dynamics are a manifestation of our inherent psychological biases, fears, and desires? What if the property market isn't a perfect, rational machine but a complex, living organism driven by the collective emotions of those who participate in it? In this episode, we'll explore the fascinating intersection of psychology and economics. Let's unpack how our emotions, cognitive biases, and herd mentality can influence the property market, leading to irrational decisions and potential market overcorrection. The Hidden Forces Behind Australia's Housing Markets The interplay of human psychology, emotions, and inherent biases greatly influences the ebb and flow of the property market. As we journey into the fascinating world of real estate investing, understanding these psychological underpinnings is vital in making informed and rational decisions. Whether you're a seasoned investor or a first-time homeowner, this episode explores the intriguing connection between human behavior and real estate market dynamics. In the realm of real estate investment, emotions such as fear, greed, overconfidence, and wishful thinking play a significant role. They influence the way we approach and respond to market trends, and often lead to market overcorrections and irrational decisions. Property investing is not just about numbers and facts. It's also about understanding human emotions and behaviors and how they shape market dynamics. By gaining insights into these psychological factors, you can navigate the property market more effectively, make rational decisions, and ultimately, turn market imperfections to your advantage. ● The interaction between psychology and economics in real estate markets ● The cycles of the property market and how long they last ● The psychological underpinnings of fear, greed, overconfidence, and wishful thinking in property market dynamics ● The perils of cognitive biases in property market investment ● The role of emotions, herd mentality, and inherent biases in irrational decision-making ● The importance of an independent property strategist in sticking to investment plans ● The emotional rollercoaster investors experience throughout the market cycle ● The imperfections in the property market, including unequal access to information, the unique nature of every property, and barriers to entering or exiting the market ● Insights on how to navigate market imperfections to spot overlooked opportunities ● Emphasis on the importance of maintaining a long-term perspective, diversification, and having an experienced team in successful property investment The Cognitive Biases that Impact Investment Decisions: ● Confirmation Bias: Seeking information that confirms your existing beliefs. ● Recency Bias: Placing undue importance on recent events. ● Herd Behaviour: Follow the crowd; doing what everyone else is doing, particularly in times of uncertainty. ● Emotional Investing: Allowing emotions to play a crucial role in investment decisions rather than relying on rational analysis. ● Greed and Fear: Greed can drive investors to take on too much risk during a boom while fear can lead to overly conservative investment choices in a downturn. ● Overreaction: Markets tend to overreact to news and events, resulting in price fluctuations. Investors who are aware of this tendency can sometimes capitalize on these irrational movements. By understanding the human emotional landscape and how it impacts real estate markets, listeners can equip themselves to make better investment decisions and take advantage of market imperfections. 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 Geta. copy of my best-selling book: How to grow a multimillion dollar property portfolio – in your spare time. Some of our favorite quotes from the show: "You see as individuals, we're not rational. Well, we're not rational when it comes to money and investing." – Michael Yardney "What I'm saying is that investors, in general, have cyclical emotions over the couple of years of the property cycle." – Michael Yardney "But on the other side of that challenge, on the other side of that difficulty, that's where the reward lives, and those that battle through the challenges get to reap the rewards." – 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

Australia's housing market continues to defy expectations. Do you remember when commentators tried to scare us about mortgage stress, a fixed mortgage rate cliff, and even a recession? Yet despite the challenges thrown at them, property values in our combined capitals have kept rising, even if they've slowed down over the last few months. This resilience has sparked a shift towards a landlord's market with Australians moving house less often. Today's episode features Dr. Nicola Powell, Domain's Chief of Research in Economics, and our conversation will help prospective homebuyers, seasoned investors, and other curious listeners understand some interesting trends. 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 Tenure 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 today's question-and-answer episode, I'm joined by Ken Raiss, director of Metropole Wealth Advisory to answer questions posed by our listeners. Together, we dive into the world of property investment and development, discussing the various financial and legal implications of property joint ventures and the benefits of setting up self-managed super funds. Ken shares valuable advice on property investment structures, tax planning, and strategies to avoid costly mistakes. Links and Resources: Ken Raiss, director of Metropole Wealth Advisory Have a chat with Ken Raiss to ensure you have the correct asset protection strategies in place – 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: Smarter, Not Harder: Advanced Tax Strategies for Savvy Investors with Ken Raiss

Welcome to this month's Big Picture episode of the Michael Yardney Podcast, where financial analyst Pete Wargent and I dissect the macroeconomic factors currently shaping our housing markets and the broader economy. Today we cover a broad spectrum of topics from the effects of policies and taxes on the real estate market to the state of distressed listings and the fears surrounding a 'mortgage cliff'. Whether you're an investor, a homeowner, or just a curious mind, this monthly deep-dive promises to keep you informed and ahead of the curve. 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 Shownotes plus more here: Confused about the economy and our property markets? Big Picture Podcast with Pete Wargent

We're living in a world where words often fail us, where what's unspoken sometimes matters more than what's said. In the intricate dance of business and negotiation, understanding body language can be an exceptional advantage. It can help you read situations accurately, handle conflicts effectively, and build genuine relationships. My guest today is Allan Pease, a globally recognized expert in body language, who has spent decades studying, analyzing, and teaching the delicate art of non-verbal communication. Allan is not just an expert, he's a sought-after consultant, a best-selling author, and an engaging speaker who has transformed the lives of thousands by unlocking the secrets hidden in our gestures, expressions, and subtle movements. Pease is renowned for decoding the secrets of body language and using it to gain a competitive edge in business negotiations, property deals, and personal relationships. Imagine having the power to read situations accurately, manage conflicts, and navigate complex conversations - all through understanding non-verbal cues. So, our chat today will be valuable for you not just in property negotiations but in business, in your job, and in your personal life. We're going to delve deep into the world of non-verbal cues, what they mean, and how you can use them to your advantage. Understanding Body Language with Allan Pease In our conversation, Alan provides a deep dive into the secrets of non-verbal communication, discussing the power of body language in different scenarios such as business, negotiations, and personal relationships. He also highlights the impact of gender differences in communication and the shift in communication dynamics in the wake of the pandemic. From discussing video call etiquette to the role of goal setting in achieving financial success, Alan's practical advice will enrich your professional and personal life. ● How Alan got started in body language ● How understanding body language can provide a competitive edge in different situations, including o Business deals o Property negotiations o Personal relationships ● Gender differences in communication and how they impact various situations ● Awareness of non-verbal cues, particularly in a digital age where face-to-face interaction is often replaced by video calls ● The impact of the pandemic on communication ● Video call etiquette and appropriate dressing in digital communication o Where to keep your hands when you're on video o Practical tips on how to appear confident and convincing in video calls ● Importance of clear communication and goal setting for financial success ● The Reticular Activating System (RAS) and how it can help in achieving goals ● The importance of listening more and talking less to improve communication effectiveness By understanding and mastering non-verbal communication, you can enhance your professional and personal life and set yourself on the path to 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 Allan Pease Allan & Barbara Pease's Mastering Body Language Course Get a bundle of eBooks and reports – www.PodcastBonus.com.au Some of our favorite quotes from the show: "We are all different and that's good, and it's actually good that we're recognizing we're all different and equal in certain ways, but different, that's fine." – Michael Yardney "You're negotiating continuously with your wife, who takes out the rubbish at night, what TV show you're watching. You're negotiating continuously with your kids. You've got to do these chores before you do the homework." – Michael Yardney "You can't keep doing the things you've done before. You've got to learn, you've got to improve, you've got to grow every day." – 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

Is it better to invest in a house or an apartment? That's an age-old question, but not one easy to answer. In fact, a few things have happened over the last few years that have caused investors to increasingly shy away from investing in apartments. So today, I'm going to discuss this topic with Brett Warren, national director of Metropole, and even if you're not considering investing in an apartment, I hope our general discussion about what makes a good investment property and what to avoid will help you no matter where you are on your investment journey. 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: Investment Face-Off: Apartments vs. Houses, Who Wins in Today's Market? With Brett Warren

What will Australia look like in 40 years' time? Treasurer Jim Chalmers handed down the latest Intergenerational Report a short while ago. This report from the federal government predicts what the country will look like in 40 years and the state of the nation's finances. Today's conversation with Simon Kuestenmacher revolves around the report, which predicts a population of around 41 million by 2063, with a significantly older demographic due to increased life expectancy. Simon and I discuss what the report has to say about our future and whether or not to believe everything in it. Listen as we cover future trends in migration, technology and innovation, and mining. Whether you're a property investor, business owner, or an employee, it's important to understand what's ahead for our country. 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 Shownotes plus more here: What Australia Will Look Like in 40 Years & Why You Should Care, with Simon Kuestenmacher

Does money really buy happiness? Is there a clear relationship between money and happiness? To shed light on this age-old question, today I have a chat with Mark Creedon, founder of Mastermind Business Accelerator and CEO of the Metropole Group to decipher the enigma of happiness, money, investment and 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 Shownotes plus more here: Banknotes and Bliss: Does Money Really Buy Happiness? With Mark Creedon

We often ponder the habits that pave the path to success and wealth. But have you ever considered the habits that do the exact opposite? What are the behaviours and patterns that lead to financial struggles and life dissatisfaction? In this episode, I talk to wealth creation expert Tom Corley to help you avoid the 7 deadly habits that prevent you from becoming wealthy. Links and Resources: Metropole's Strategic Property Plan – to help both beginning and experienced investors Tom Corley's blog Get your copy of Rich Habits, Poor Habits here- www.RichHabitsPoorHabits.com Get your bundle of eBooks and reports at www.PodcastBonus.com.au Shownotes plus more here: Here's how to avoid the 7 Deadly Habits that Prevent Wealth with Tom Corley

Imagine you're standing on the doorstep of your next potential investment. The façade looks great, and the price seems right, but what's lurking beneath? What questions should you be asking to ensure this property doesn't just look good, but will also deliver the returns you're after? Whether it's your first investment or your fiftieth, the right questions can mean the difference between a gold mine and a money pit. In today's podcast, Brett Warren and I will discuss the intricate world of property investment, underlining the importance of thorough research, financial planning, and maintaining a logical approach when investing in a property. We also delve into the financial aspects of property investment, discussing cash flow, financing, and the importance of having a financial buffer. Essential Tips and Strategies for Navigating Property Investment Our discussion today covers the critical questions every property investor should answer before making a purchase, the importance of understanding location, and the significance of planning and financial preparedness. The 10 Questions to Secure Property Investment Success Does this property fit into my long-term strategy? If you don't have a plan in place, you're not ready to buy your next investment property Is this an investment-grade property? Not all properties make good investments. In my mind, less than 4% of the properties on the market currently are what I call "investment grade." What is the property worth? Even two houses, side by side in the same street, could be valued differently because of their individual attributes. To determine how much a property is worth you need to check all the recent comparable sales and the property's intrinsic value and then also determine the following 3 figures: i. What price do I want to pay for the property? ii. What do I consider the market value to be? iii. What price am I prepared to pay and when am I prepared to walk away? Where am I getting my data, information, facts, and figures from? It is very important to understand what has driven the data you're using to make your decisions because not all data is reliable or meaningful. Do I have my finance pre-approved? Finance is the leveraging tool to help you get into the property, and property will be the vehicle that will create your long-term wealth. So, it is important to have a finance strategy part of which is a finance pre-approval. Do I have a solid finance strategy? Smart property investors use other people's money in three ways: i. The bank's money for leverage ii. The tenant's money for income iii. The government's money for tax incentives Have I set up the right ownership structures? The right ownership structure will help you to minimize your tax, build your wealth, and manage your risk. Will my cash flow service my finance requirements? Understanding cash flow can be the difference between a solid long-term investment and a costly mistake. Am I approaching this as an investor or am I emotionally involved? When it comes to investing, however, letting your heart rule your buying decision is a huge no-no. What if my financial circumstances change The more prepared you are and the more planning you have done, the more protected your investment will be if your financial circumstances take a turn for the worse. 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 Some of our favorite quotes from the show: "Not all tenants rent because they're poor. Remember your future income is going to be dependent upon your tenants' ability to keep paying higher rent over the years." – Michael Yardney "So actually, as an investor, you're using other people's money in three ways: the bank's money for leverage, the tenant's money to repay the mortgage , and the government's money for deductions." – Michael Yardney "So, even though we help our clients plan, we tell them to plan for their plan not to go to plan, and that's not necessarily a play on words, but it means that we also look out for risks. – 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

Australia's rental market is in crisis. Vacancy rates are at virtually all-time lows, rental stock remains slim, and rents are skyrocketing. So how did we get into this rental crisis? And how long will it last? And what does it mean for property investors? In today's chat, Dr. Andrew Wilson and I shed light on the causes, implications, and potential solutions to Australia's rental crisis. Links and Resources: Michael Yardney Dr. Andrew Wilson, Chief Economist My Housing Market 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: Why Australia's rental crisis isn't going anywhere, Plus Dr. Andrew Wilson's solution

For more than a year the Reserve Bank hiked interest rates to the highest level in decades and there were lots of warnings about an imminent collapse of the Australian housing market. And these warnings came from banks and institutional economists as well as the usual property pessimists! Not many people expected interest rates to rise so high and so fast, and not many people expected the most interest rate-sensitive portion of the economy, our housing markets, to be so resilient. Today, financial advisor Stuart Wemyss and I discuss the reasons why many predictions were way off, highlighting the role of market dynamics and interest rates. We discuss the challenges of predicting the market bottom and explore the cognitive biases that could cloud judgment. Learn about how the housing bears got it so wrong and whose advice should you be listening to as you plan for what's ahead in the property market. How Did Economists Get Their Property Predictions So Wrong? In my chat with Stuart, we look into: ● Factors to consider when reading forecasts o The psychology of homeowners o What's happening on the ground ● The inaccuracies in Australian housing market forecasts by economists and banks ● The potential dangers of blindly believing in market 'experts' ● The financial stress endured by homeowners and the significant role of market dynamics and interest rates ● The change in bank forecasts and reasons behind the shift ● The challenge of predicting the market bottom in long-term property investments ● The impact of cognitive biases on decision-making in property investment ● Importance of an evidence-based approach focusing on long-term investment and compounding capital growth ● Emphasis on strategy over luck in successful property investment We emphasize the importance of an evidence-based approach in property investment. We highlight the role of strategy over luck, and the need to learn from failures rather than shying away from them. 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 Some of our favorite quotes from the show: "I think the other thing they missed was the supply and demand ratio. In other words, we went into this cycle with an undersupply of properties." – Michael Yardney "Rather than look for what's going to work now or in the next year or two, look for what's always worked and what's likely to be in continuous strong demand in the future." – Michael Yardney "So, the best way to reflect on your failure is to focus on the lessons that you've learned and the person you're going to become, rather than spending time trying to avoid failure." – 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

We know inflation is coming under control, but it's happening much more slowly than the Reserve Bank would like. And part of the reason for this is that it's fighting an uphill battle with demographics according to leading demographer Simon Kuestenmacher. Today I'm going to chat with Simon and ask him to shed light on the Reserve Bank's challenge and more importantly, what it means for all of us. Listen as Simon unravels the intricacies of economics, demographics, and inflation, providing a fresh understanding of these complex topics. From the impact of Millennials and Baby Boomers on Australia's economy to the effects of interest rates on business decisions, this conversation is a deep dive into economic trends and their implications for different sectors of society. Demographer Simon Kuestenmacher on Economics, Inflation and the Power of Demographics During my chat with Simon, we explore the challenges faced by the Reserve Bank in controlling inflation and promoting full employment, the influence of Millennials and Baby Boomers on Australia's economy, and the impact of demographic trends on economic strategies. ● A detailed look into the Reserve Bank's mission to control inflation and stimulate full employment. o The tools the RBA has to carry out its goals. ● How Millennials and Baby Boomers are triggering an unprecedented spending surge. ● The difficulties the Reserve Bank faces due to demographic trends and high consumer spending. ● The RBA's role in innovation o How lowering interest rates can incentivize businesses to invest in automation. ● How a stable and predictable economic climate can attract global wealth. ● Examination of the shocking inflation rate in Argentina and the challenges businesses face in such a scenario. Whether you are a homeowner, investor, or simply interested in Australia's economic dynamics, a fresh understanding of the intricacies of how demographic trends are impacting the strategies of the Reserve Bank and affecting various sectors of the economy may change your perspective on economics. 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 of The Demographics Group Some of our favorite quotes from the show: "When there's a level of stability and people have more certainty I think it's going to be positive for businesses." – Michael Yardney "With ultra high inflation what you do is when you go to the shops you buy your coffees for the day. You don't want to buy one in the morning because in the afternoon, the coffee's going to cost more at the restaurant." – Michael Yardney "When you come up against a problem, to turn off the negativity bias in your brain, say to yourself: hey, it's just a problem, it's a problem I need to solve." – 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

In today's show I tackle a question that's been looming large in many conversations – should we be fearful or greedy about entering the Australian property market right now? With the property market showing signs of both opportunities and risks, it's a challenging landscape to navigate for both seasoned investors and newcomers. These contradictory sentiments arise due to several key factors – market fluctuations, interest rate considerations, legislative changes, socio-economic conditions, and many more. The balance between fear and greed can be a fine line to walk, and understanding the current property climate is vital in making informed decisions. If you're a regular listener to the show you'll know I usually have guests on, but today it's going to be just me and you as I share my thoughts and help you interpret current market indicators, and spotting potential opportunities amidst the perceived chaos. Whether you're an experienced investor, a first-time buyer, or merely an observer of the Australian property market, I hope to provide a balanced perspective and some useful insights that could guide your decision-making process. Is it time for fear or greed? Amongst the topics discussed today: ● I reflect on historical events like the 1993 recession and Black Monday of 1987 ● Similarities between today's market and the market 30 years ago ● What's caused the rise in property values o Why the same factors won't work going forward ● Insights on homeownership and economic growth in Australia o The wealth of the average Australian and where that wealth can be found ● Reasons not to be fearful or overly concerned ● Analysis of the property shortage and population growth o How supply and demand is impacting property prices ● In-depth examination of the long-term growth of the Australian property market ● Discussion on the impact of urbanization, demographic changes, population growth, and wealth on the market ● The continuing rise in property value in our capital cities ● Reflection on trends in densification and community connection 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 Some of our favorite quotes from the show: "The current environment, today's environment, reminds me of those times 30 years ago." – Michael Yardney "We've passed the peak of inflation, but it's not going to get into that two or three percent band for some time." – Michael Yardney "I'm a long-term investor and I still see strong underlying fundamentals for our property markets." –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

In today's question-and-answer episode, I chat with Ken Raiss, director of Metropole Wealth Advisory, who shares his knowledge of property and wealth management. We're going to discuss three of your questions about how to help your children into property, including questions about how to stop your children from squandering their inheritance and what happens to your superannuation when you die. Even if you don't have children yet, I think you're going to benefit from some of the pearls of wisdom Ken drops. Q&A Day with Ken Raiss Question: We are in the fortunate position to have paid off our home and have a number of investment properties, but now our children having difficulty getting into the property market, in part because it's hard for them to save a sufficient deposit to buy the type of home they're wanting. What's the best way of helping our children into property? There are three major strategies to achieve the desired outcome of helping your children into property. A deposit gift – Some parents are gifting their adult children enough funds to cover a part or all of the deposit to buy a property and then their children remain responsible for the bank loan. The property in these circumstances is owned by the child and is subject to all the normal issues with asset protection. Some clients support their children by guaranteeing a higher loan and so do not actually pass over any funds. i. However, they must be very careful as in the event of a default you would be liable for the full loan and could lose any security you may have given, such as your family home. ii. Parents should try to limit any guarantee to the minimum amount required and when the property grows in value sufficiently arrange for a refinance so that they can be removed as guarantors. Buying for a minor – Another strategy is purchasing a property for a minor in their name with the proper notations on the title. Parents will be the child's legal personal representative and will have the responsibility of managing the property. i. When the minor becomes an adult, parents will need to take a copy of the birth certificate and evidence that the child is still alive to the relevant government department, which will then make the necessary title changes. ii. There will be no stamp duty or capital gains tax on this title change. Using a trust – In this strategy, a family trust is used to purchase the property and parents are then the trustee of the trust. When the time is right, parents can pass control of the trust over to their adult child. With the correct advice when setting up the trust structure and a company as a trustee, there will be no capital gains tax or stamp duty payable. Question: We have a son and a daughter. We're both in our 70s and have some rental properties. We're afraid our daughter might sell one of the two rental properties she would inherit. Is there some way of preventing that from happening that we can include in our will so that she can continue earning rental income for the rest of her life? Also, we didn't understand the testamentary trusts and three tranches that you wrote about. Would you please explain these? ● One possibility would be to establish in the will that assets, properties, shares, cash, or whatever go to a testamentary trust for any children. o A solicitor would probably suggest one for each child. o The trust may say that the kids simply get the income from the assets distributed to them. Alternatively, the three tranches are an option. ● For a family or individual with good assets, a testamentary trust may make a lot of sense, or it may not. Seeking the advice of a good solicitor should be the first step. Question: What happens to my super when I die? ● The standard answer is what they call a binding death nomination that specifies that 100% will be left to the surviving spouse, or 50% to the spouse, and 50% to the children, or whatever other solution is preferred. o But in industry or retail funds, the will needs to be updated every three years. If that doesn't happen, it becomes nonbinding. ▪ Nonbinding means the trustees of those super funds have some input to maybe do something differently. ● The other issue is that people who have got a larger super balance need to be more careful, because, on the death of one spouse, it may not be allowed to be fully transferred to the surviving spouse. o The maximum caps at 1.7 million at the moment, but that goes up with inflation over time. o In this situation, people need something more robust to say how much is going to go directly to a surviving spouse and how much will come out. Links and Resources: Ken Raiss, director of Metropole Wealth Advisory Have a chat with Ken Raiss to ensure you have the correct asset protection strategies in place – click here In turbulent times like we're experiencing why not get the team at Metropole on your side to give you holistic property and wealth advice– find out more here Why not get your bundle of E-books and resou

Negotiation is one of the skills developed by all savvy property investors. Over the years I've noticed that some people are very good at getting terrific deals. Most others simply get what the other party is willing to give. What's the difference? The first group knows how to negotiate. In today's episode, I sit down with Jackson Milan, an expert in the art of negotiation in a conversation for his podcast. We discuss the vital role negotiation plays in various aspects of life and how mastering it can significantly enhance your life's quality. Drawing on my five decades of business and investment experience, we delve into the importance of effective communication, establishing rapport, and ethically influencing others. We also discuss the impact of timing on sales and investments, and how understanding market conditions can shape negotiation outcomes. Lastly, we reflect on valuable insights I've gained from my mentor, Jim Rowan, about life's predictable patterns of change, and the power of attitude and choices. Tune in to learn about negotiation strategies that can give you an upper hand and hear our perspective on the property market. Navigating Negotiation Strategies for a Better Life with Jackson Milan Life is one big bargaining event, and if you become a very good negotiator it makes a difference in the quality of your life If you are a poor negotiator, you'll spend a fortune. If you are a good negotiator, you'll save a fortune. If you are a great negotiator, you'll make a fortune. But as I started to write my latest book on negotiation, I realized that to be successful in life today you need to be more than just a good negotiator. In this podcast episode, you'll hear me being interviewed by Jackson Milan, a veteran investor with five decades of experience, on the art of negotiation. We'll discuss its role in amplifying quality of life and the profound impact of negotiation skills on various aspects of life, especially in the realms of business and investments. ● The cornerstones of Michael's success in life and business ● How access to information has changed over the years ● Importance of negotiation skills in life and business ● Who really needs to develop negotiation skills ● An alternative to the "meet-in-the-middle" approach ● Understanding the power of negotiation and influence so as not to be taken advantage of o How culture plays into that ● The things that can give you more power in a negotiation o If you're not in a hurry, you've got the upper hand o The more information you have, the more power you have o Having alternative options gives you more power ● Valuable rules to understand in negotiation o Everything is negotiable o Know what you want before going in – plan your negotiations o Don't get emotionally invested ● Whether a quick sale is a good sale ● Getting the best asset as opposed to the cheapest asset ● The story of Michael's first investment property ● The importance of delayed gratification, education, and having a good team around you as you plan for the future. Links and Resources: Michael Yardney Jackson Millan - The Wealth Mentor – Aureus Financial Jackson Millan's Podcast 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 favorite quotes from the show: "Life is one big bargaining event, whether you become a good negotiator or not. And if you do, it actually does make a difference to the quality of your life." – Michael Yardney "Because in negotiation, I guess, like in life, if you don't have a plan of your own, you're going to be part of somebody else's plan." – Michael Yardney "It's hard to make money out of real estate in the short term, but it's a fantastic way of growing assets over the long term." – 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

In today's Podcast, I've got two great segments for you. Initially, I'll explain how a fascinating part of our brain: the reticular activating system, operates as both a search engine and a GPS, guiding us towards wealth. Then, I'll have a conversation with a guest who has been called Australia's best-kept money secret, Jacquie Clarke. She's here to discuss her new book, 'Stop worrying about money.' Links and Resources: Michael Yardney Jacqui Clarke – Stop worrying about money 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: Stop worrying about Money PLUS understand how your R.A.S can help you get rich

In today's podcast episode, we delve into the complex world of money well-being with financial guru, Manisha Thakur. Manisha shares her personal journey of overcoming the 'never enough' mindset and explores the psychological aspects of money. We discuss the societal pressures that equate happiness to more money and possessions, and how this can lead to work addiction and a warped sense of self-worth. Manisha's insights extend beyond money, touching on aspects of work, success, and self-worth. Drawing from her book, "Money- Zen -The Secrets of Finding Enough", she provides strategies to redefine our idea of achievement. Our chat today emphasizes the importance of financial health as a foundation for emotional wealth and explores how love, health, learning, and contribution form the bedrock of true wealth. Join us as we debunk myths, bust stereotypes, and redefine financial success with Manisha Thakur. 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 Join us at Metropole Brisbane Charity Ball to support Hummingbird House - click here for reserve your spot Get your bundle of eBooks and reports at www.PodcastBonus.com.au Manisha Thakour's new book – Money Zen – the secret to finding your "Enough." Shownotes plus more here: The secret to finding "Your Enough" with financial well-being guru Manisha Thakor

In today's Big Picture' episode with Pete Wargent we take an in-depth look at the complexities of Australia's housing market, economic trends, the impact of generational wealth transfer, and the ripple effects of various factors on the country's economy. Whether you're an investor, a homeowner, or just a curious mind, this monthly deep-dive promises to keep you informed and ahead of the curve. Big Picture Podcast with Pete Wargent Today we scrutinize the Labor Party's ambitious project to build 1.2 million homes and the myriad challenges this initiative faces, such as a shortage of skilled labor and building materials. The Labor Party's aim to build 1.2 million homes in Australia. o There are potential challenges such as skilled labor shortage and material scarcity. ● The impact of peak dwelling completion and the issues arising from poorly constructed units. ● The ripple effects of employment, inflation, and fluctuating interest rates on Australia's economy ● Predictions from leading economists and the recalibration of property value and interest rate forecasts by our major banks o Most forecasts now suggest that interest rates will not rise further o After months of property prices rising, banks have finally updated their forecasts ● The significant generational wealth transfer from the baby boomers to younger generations o The wealth amassed by the baby boomer generation, primarily in residential real estate, and how to effectively pass this wealth onto future generations o The implications of baby boomer parents assisting their children in accommodation on Australia's property markets and wealth inequality o Instilling good financial habits in children, drawing a strong association between work and earning, and emphasizing the importance of structuring wealth transfer to avoid future complications. 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 Some of our favorite quotes from the show: "If we've got all these people, what about the schools? What about the hospitals? What about the aged care? Lots of issues." – Michael Yardney "There's been five, six months of rising property prices and now all the banks are suggesting that values will keep increasing for a couple of years." – Michael Yardney "If you don't fail, you'll never reach the level of success that you're capable of attaining." – 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

In today's episode, I chat with Assistant Commissioner Tim Loh as he demystifies the tax obligations of property investors in Australia. Lowe discusses the nuances of a $9 billion revenue deficit, three key areas to monitor when filing tax returns, and the importance of keeping thorough records. He explains rental property taxes and deductions, and the ATO's mission to maintain a level playing field for all rental property investors. We'll also delve into capital gains tax, the importance of a certificate of residency for foreign investors, and key insights from the property market. An In-Depth Discussion with Assistant Tax Commissioner Tim Loh Tim Loh and I discuss the common pitfalls investors encounter, the importance of keeping accurate records, and the ATO's approach to maintaining a level playing field in the rental property market. ● Overview of the Australian Taxation Office's focus on rental properties ● What the ATO is focusing on this year ● The estimated $9 billion revenue deficit the ATO is trying to recoup ● The three key areas to monitor when filing tax returns o Incorrect reporting of rental income and taxes ▪ The importance of keeping clear records o Reporting interest expenses o Distinguishing between repair and maintenance versus capital expenses ● The difference between a holiday home and a rental property ● How the ATO obtains data from third-party providers ● Importance of obtaining a certificate of residency for foreign investors ● Impact of capital gains tax on property sales ● The importance of consulting a financial advisor when considering property sales ● Tips and resources to help investors find more information or answer questions This episode is a goldmine of information for property investors, with expert insights into the complexities of taxation. The conversation highlights the critical role that thorough record-keeping plays in avoiding tax issues, and the measures the ATO takes to ensure fairness in the property market. Whether you're a seasoned investor or just starting out, this episode provides valuable guidance to navigate the tax landscape successfully. It underscores the importance of being well-informed and prepared when it comes to your tax obligations as a property investor. 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 ● Guide to depreciating assets: ato.gov.au/CGTdepreciatingassetguide ● Rental video series: ato.gov.au/Rentalvideos ● Videos on how to complete CGT in myTax: CGTvideos Some of our favorite quotes from the show: "90% of people filling out their tax returns make errors." – Tim Loh "Let's make it clear at the beginning, that if you take a loan for an investment purpose and then, all of a sudden, you taint it with personal expenses, that makes it very difficult, very confusing, to apportion the tax expenses." – Michael Yardney "I think one of the things we really should understand is the tax man knows what's going on. Don't think they won't notice these things." – 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

In today's episode, Alastair Lias, a seasoned property strategist shares his insights into the often-intimidating world of real estate, providing a guide on how to avoid common pitfalls and succeed in property investing. We dive into why a significant number of Australians abandon property investment within the first five years, and how savvy investors can break this pattern. We also discuss the roles of various property advisors and reveal who genuinely has your best interests at heart. Join us as we debunk property investment myths, emphasize the significance of quality over quantity, and explore the impact of confirmation bias on decision-making. Alastair Lias Unpacks the Biggest Mistakes Property Investors Make What are the most common mistakes property investors make? We'll explore that question, as well as how to choose a reliable property strategist and the importance of understanding the long-term nature of property investment in today's conversation. We also debunk the myth of 'get-rich-quick' schemes and stress the importance of making informed decisions. ● The importance of seeking advice from the right people who truly have your best interests at heart o Remembering whose side estate agents and property marketers are really on o What property strategists do ▪ A good property strategist doesn't predict the future, they help navigate it ● Separating what you can control from what you can't control ● Debunking the myth of the 'get-rich-quick' scheme in property investment ● The importance of understanding how advisors get paid to reveal their true intentions ● The critical role of unbiased advice in property investment ● Understanding the impact of confirmation bias on decision-making ● Importance of quality over quantity when it comes to property investments ● Different people at different stages of their property investment journey need different advice o Property investment is a long-term game, and it's smoother with the right team by your side ● The concept of confirmation bias and how it can lead to costly mistakes in property investment ● The importance of having the right people on your side when aiming to achieve wealth through property Investors must remember the importance of staying informed, considering personal circumstances before making decisions, and remembering that property investment is a long-term process, not a get-rich-quick scheme. With the right advice and understanding that property investment is a long-term commitment, investors can journey towards wealth through property with confidence. Links and Resources: Michael Yardney Alastair Lias – Senior Property Strategist Metropole 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 favorite quotes from the show: "There are no shortcuts, so free advice could cost you a fortune." – Michael Yardney "It's the quality of your properties, the return you get, and how hard your money works for you that's more important than how many properties you won." – Michael Yardney "Now I know there are a lot of challenges going on in the world and probably in your life personally, but you have the opportunity to decide your destiny." – 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

Today I'm going to share 5 ways I'm going to ensure my property investments outperform in this new property cycle. As we work our way through the second half of this year and the recovery phase of the property cycle, it's typical to take a moment to reflect on the roller coaster ride of the past few years, digging deep into the treasure trove of lessons we've mined along the way. However, in this episode, I will take a somewhat different route. The episode delves into the crucial role of preparation for inevitable disappointments and property downturns. I'll explain the difference between expectations and forecasts. I'll be discussing strategies that have always worked, standing the test of time and outperforming fleeting trends. We'll prioritize sustainability over sensation and longevity over the limelight. Ensuring property investment outperformance My approach to achieving long term property investment success is rooted in time-tested principles, as well as having a long-term focus and a thorough understanding of the market. Take a look at the five key strategies that I employ to ensure the success of my property investments. Maintaining faith in the future, the real estate market, and our capitalist society, despite uncertainties and downturns It may seem easier to be pessimistic, but optimism is actually more realistic in the long-term Exercising patience, understanding that growing wealth through property investment is a long-term process that requires time and discipline The concept of delayed gratification will help keep you on track toward your goals. Upholding discipline, sticking to my strategic plan, even when the fruits of those decisions are not immediately visible Discipline means not making decisions based on your reactions to the most recent news. You're playing a long game, so stick to your plan Building a reliable team around me and acknowledging that property investment is a process not an event Remember that free advice is not necessarily good advice. Surround yourself with professionals you can trust I avoid making forecasts, but I have expectations based on past experiences, and of course, I don't tie them to a specific time frame These five strategies reflect an investment philosophy that emphasizes long-term growth, strategic planning, and continuous learning. Understanding these principles can significantly increase your chances of success in property investment. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us. We're much more than just another buyer's agent. Get a bundle of eBooks and reports – www.PodcastBonus.com.au Some of our favorite quotes from the show: "I confidently believe in the ability of our capitalist society to prosper on the back of our collective ingenuity." – Michael Yardney "I expect the property market is going to boom over the next couple of years and then prices will slump again – but I don't know when that will happen." – Michael Yardney "New habits will allow you to reach high levels of performance and achievement that enable you to get there." – 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

I believe demographics are going to drive our property markets moving forward and that demographic changes, how many of us there are, how we want to live, and where we want to live are going to be more important over the long term than the short-term fluctuations caused by rising interest rates or government interference. That's why I enjoy my monthly chats with leading demographer Simon Kuenstenmacher. Today we're going to spend some time navigating the new normal as we talk about emerging property trends in the age of remote work. 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 of The Demographics Group Shownotes plus more here: Navigating the New Normal: Property Trends in the Age of Remote Work, with Simon Kuestenmacher

Today wealth-creation expert Tom Corley joins me to share valuable insights into the habits and strategies that distinguish wealthy people. We'll debunk common misconceptions about the rich, such as they don't pay their fair share of taxes or they are uncharitable. We're going to dive deep into his findings about these seven common money myths and discuss what truly sets the rich apart. Get ready to challenge your preconceptions about wealth, success, and the habits that foster them. Links and Resources: Metropole's Strategic Property Plan – to help both beginning and experienced investors Tom Corley's blog Get your copy of Rich Habits, Poor Habits here- www.RichHabitsPoorHabits.com Get your bundle of eBooks and reports at www.PodcastBonus.com.au Shownotes plus more here: Top 7 money myths about rich people, with Tom Corley

As we pass the midpoint of 2023, it's a good time to take a look at what's happened in the housing market so far this year and consider what could happen in the second half of the year. And joining me today is Dr. Nicola Powell, Domain's Chief of Research and Economics to discuss Domain's latest House Price Report uncovering the latest developments in property prices, demand/supply dynamics, regional disparities, and much more. 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. 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. My conversation with Dr. Nicola Powell about the Domain House Price Report Today, Dr. Nicola Powell and I discuss the resilience and future of the housing market. We delve into property prices, supply and demand dynamics, regional disparities, and the influence of government policies. During our chat, we also address concerns about distressed listings and a potential property market crash, as well as share our predictions for 2023. ● The importance of perspective when reading the housing market data. o It's important to pair the data with other economic factors and other data sets to come to conclusions ● An overview of Domain's key findings o We've recouped about half of the $60,000 in median house price that was lost during the downturn ● Key drivers of housing market resilience ● Understanding why Adelaide and Perth avoid major downturns in house prices ● Analysis of the rise of distressed sellers and the risk of a property market crash ● Insight into Sydney's role in price recovery and the impact of job stability and wage growth on the market ● Evaluation of Southeast Queensland's latest house price report and Melbourne's housing market recovery ● Examination of Brisbane's unit prices hitting a record high ● The challenges that Hobart has faced ● Discussion on the influence of government policies on the property market, including land use reform and policies promoting affordability ● Prediction of the challenges for the property market in 2023 and advice on how to navigate it 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 latest House Price Report Get a bundle of eBooks and reports – www.PodcastBonus.com.au Some of our favorite quotes from the show: "Sellers are buyers and buyers are sellers, so if more sellers put their homes on the market, they're also going to be buyers out there as well." – Michael Yardney "The right time to buy is when you're ready, when your finances are ready, when it suits your family." – Michael Yardney "Calculated risks are risks you decide to take after doing your homework, after checking everything out." – 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

One of the most influential books I read in the 1990's was Stephen Covey's 'The Seven Habits of Highly Effective People." It's a classic and a classic for a reason. The seven habits are really powerful things to build into your life. In a way, they're just common sense. Like "begin with the end in mind" or "put first things first" But the thing about common sense is it's just not that common. Not in practice anyway. So in today's episode, I delve into Stephen Covey's renowned Seven Habits of Highly Effective People with Mark Creedon, founder of Mastermind Business Accelerator. If you want to become more successful as a property investor or business person, or just in life in general I'm sure you got to get some gems from my chat with Mark Creedon today as we unpack the this personal development classic. What we learned from Stephen Covey's Seven Habits of Highly Effective People Proactivity and its relevance to property investors and business people. Learning to take responsibility for one's reaction to one's own experiences and take the initiative to respond positively and work for improvement. Beginning with the end in mind: setting clear goals for your future. Determining what you want is necessary in order to work and plan toward it. Prioritizing: putting first things first. Learning to distinguish between what's important and what's urgent. Building successful relationships by thinking in terms of win-win. Valuing and respecting others will lead to better outcomes. Understand others to be understood. Empathetic listening to others not only ensures that you'll understand them better but also prompts them to do the same for you. Understanding synergy to create a whole greater than the sum of its parts People are stronger together, and through positive teamwork, you can unlock improved outcomes Devoting regular time to self-renewal Putting in the time to renew yourself physically, spiritually, mentally, and socially makes you a more well-rounded individual. 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 Some of our favorite quotes from the show: "If other people have achieved success, there's no reason why you can't, and why not look for a shortcut about the way they think, about the way they do things, about how they go about their lives?" – Michael Yardney "I think in many conversations people don't really listen. They're waiting for a break in the conversation so they can continue on with their discussion, their argument." – Michael Yardney "What I'm trying to say is fear does have some uses because it actually lets you know that you're alive." – 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

Today's discussion revolves around a topic that's creating shockwaves throughout Australia – the rental market crisis. With rental vacancy rates at historic lows and the costs of renting a property skyrocketing, many Australians are finding it difficult to secure stable, affordable housing. The consequences of this situation are far-reaching, affecting everything from mental health to workforce stability, from family stability to the broader economy. To help dissect these complex issues, I'm joined by Brett Warren, National Director of Metropole Property Strategists, who brings a wealth of experience and insight to our discussion. Overview of my chat about the rental market crisis in Australia with Brett Warren ● What the Australian Bureau of Statistics data says about how many houses there are in Australia and the composition of them. ● The effects of the rental crisis on tenants ● Examination of the impact of the crisis on the economy, mental health, and workforce stability ● Analysis of the challenges in the housing and rental market due to rising population and falling accommodation ● Discussion on the role of rising interest rates, over-regulation, and media influence in the property market ● Government interference in the market and the need for strategic investment planning ● The importance of long-term expectations, rather than forecasts, in shaping success in property investment ● Analysis of challenges in the housing and rental market, including overseas migration and lack of accommodation While the current property market might not be attractive for investors right now, it's important to remember that property investment is a long-term game. Don't try to time the market or hunt down bargains. Instead, focus all your efforts on buying an investment-grade property in an A-grade location that will hold its value in the long term. Remember, the rental crisis is only worsening further, with no end in sight. Now would be a great time to buy an investment property and enjoy high demand while trying to be a part of the rental crisis solution. You may even inspire others to do the same. 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 Some of our favorite quotes from the show: "In other words, the government isn't even trying to help tenants." Michael Yardney "But in fact, a lot of Australians rent just because they choose to. It's the stage of their life." Michael Yardney "Successful people have this empowering belief that they're responsible for what they make of any given situation." 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

In these regular Big Picture podcasts, Pete Wargent and I discuss the macroeconomic factors affecting your economy and our property markets, and a lot has happened since our last show a month ago. As one of Australia's most respected financial analysts and commentators, Pete brings his invaluable expertise to help us navigate the ever-changing landscape of the Australian property market. ● A lot of economists have changed their predictions since the last rate hike ● The impact of the Reserve Bank's interest rate decision and new Governor Michelle Bullock's appointment ● Discussion on the surge in property listings, especially in Perth, Adelaide, and Queensland, and speculation on whether this is due to investors capitalizing on market shifts or facing financial troubles ● Analysis of the sluggish property price growth despite the rise in rent prices, and the effects of borrowing capacity and housing stock efficiency ● Exploration of urban redevelopment and housing construction issues, including the price gap between houses and units, potential pitfalls of new developments, and merits of older apartments ● Examination of the role of population growth on infrastructure and the economy, covering immigration's influence, changing demographic pyramid, and future challenges like lack of infrastructure and transport access ● Detailed discussion on the changes at the Reserve Bank, exploring the Bank's interest rate decision, increase in property listings, slowing growth of rentals, and widening gap between houses and apartments ● Deep dive into the fragmented Australian property market, analyzing the surge in listings, slow property price growth despite the rise in rent prices, and impact of borrowing capacity ● Discussion on urban redevelopment and housing construction issues, touching on aspirational suburbs, widening price gap between houses and units, and potential issues with new and existing developments ● Exploration of population growth's impact on infrastructure and economy, discussing immigration's role, changing demographic pyramid, and potential future challenges. 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 Some of our favorite quotes from the show: "I'm happy that it's slowing a bit because if we do have boom time conditions, that means this particular cycle will be a lot shorter." Michael Yardney "Look where people are moving, look where the money is going, and that's a combination of the locals and the millennials in particular who are now moving out of apartments into family formation states." Michael Yardney "And, by the way, don't compare yourself with other people, because the things you see on Instagram and Facebook aren't real." 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

There were some significant changes regarding the RBA recently. Philip Lowe's term as Reserve Bank governor was not renewed which means he's been effectively sacked as Reserve Bank governor's current Deputy Governor; Michele Bullock will become Governor starting 18 September. Regular listeners would know that I record a weekly video with Dr. Andrew Wilson, and this is the audio of last week's Property Insider video. So, let's hear what Andrew Wilson has to say about the sacking of Dr. Phillip Lowe. Andrew will also be discussing some of his latest data and if you are keen to see the charts, I will leave a link in the show notes so you can see them. Today Dr. Wilson,delves into the intricacies of housing markets, bank policies, and the effects of recent changes at the Reserve Bank. Topics discussed include data on property trends across capital cities, the impact of the Reserve Bank of New Zealand's macro-prudential policies on the housing market, the trend of no interest rate changes despite a weakened economy, and the potential implications of the post-COVID stimulus package on inflation. The episode also evaluates the performance of housing markets in specific regions, discusses current market trends, and provides an outlook on the property market and its likely trajectory. In today's show we discuss… ● Analysis of Reserve Bank Governor Philip Lowe's mistakes and lessons for Deputy Governor Michelle Bullock o There was a misplaced obsession with the housing markets o The RBA supported "experimental" macro prudential policies between 2015 and 2018 which led to the supply side challenges their property markets are currently experiencing as well as skyrocketing rents. o Interest rates were kept on hold in 2016 - 17 despite a weakening economy when many jobs were being lost as the RBA didn't lower rates as it was still concerned about our housing market. o However, interest rates will slash in the second half of 2019. o Under Dr Lowe's watch bank margins rose significantly with some suggesting they were gouging on the changing rates, even though this isn't really under the RBA control. o Who can forget the post-COVID message "There will be no rate rises until 2024", which led many homebuyers and investors to take on significant borrowings at artificially low interest rates. o Dr. Lowe has a poor record of delivering forecasts of house prices, wage growth, and our labor markets. o There have been a number of recent inconsistent policy determinations. o Critique of the Reserve Bank's consistent misses on house price forecasts and mysterious policy determinations ● Dr Wilson gives an overview of the housing markets in the various sub regions of Sydney and Melbourne and Brisbane ● We get a snapshot of the current winter market trends and auction results around Australia ● We discuss the property market outlook and why house prices won't fall despite increased stock and slower rent growth 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 Dr. Andrew Wilson, Chief Economist My Housing Market Subscribe to our weekly Property Insiders videos – www.PropertyInsiders.info Get your bundle of eBooks and reports at www.PodcastBonus.com.au Some of our favorite quotes from the show: "So under Michelle Bullock's watch, inflation is going to come under control, interest rates are going to come under control and she'll probably be a little bit more popular." – Michael Yardney "Maybe agents are a little bit lazy in Brisbane because they're not used to the auction culture, and they can sell almost anything they list at the moment anyway." – Michael Yardney "So for most of us, morning is when your brain is charged and ready to make the tough decisions that require a lot of brain power." – 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

Welcome to the Michael Yardney Podcast. Today I'm thrilled to have Nicola McDougall, chairperson of PIPA as my guest and we're going to discuss how our property markets have become a political play toy. There's a lot to unpack, and it's crucial for investors to understand the implications of the increased interference in the markets. We'll also discuss the latest ATO statistics showing how many property investors are in Australia and how many properties they own. And you'll hear how more and more investors are thinking of jumping ship. 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 Join us at Metropole Brisbane Charity Ball to support Hummingbird House - click here to reserve your spot Get your bundle of eBooks and reports at www.PodcastBonus.com.au Nicola McDougall – Chairperson PIPA Shownotes plus more here: Politics and Property Navigating the Changing Landscape of Investment