Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

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

Today, I'm joined by Stuart Wemyss to discuss two fascinating topics. The first one is the life cycle of a typical investor, and you'll find it's a roadmap that provides insight into the ebbs and flows of the financial journey you'll experience as a property investor and the strategic decisions you'll have to make along the way​​. And then we chat about the concept of giving your children and grandchildren an early inheritance rather than waiting till you die. And even if you don't have children or grandchildren yet, you are somebody's child, so this may be very relevant to you. 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: Navigating the Investor's Life Cycle

Mike Mortlock joins the show today, and he and I will explore the patterns and trends of property investments - how far away from home do people really invest? We'll also look at what the latest data from the Australian Tax Office tell us about the landscape of property ownership. If you've ever wondered about how many Australians actually own an investment property, or how much Australians really earn you'll enjoy my chat with Mike. We'll also be delving into a crucial aspect of property investment that often goes misunderstood - depreciation. Many property investors make common mistakes when it comes to depreciation, and we're here to help you steer clear of these pitfalls. 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 Mike Mortlock – MCG Quantity Surveyors Shownotes plus more here: Investing is getting harder – here's what other investors are doing with Mike Mortlock

Regular listeners know I like to share my thoughts not only about wealth creation but also about success, and I have had the privilege of speaking with extraordinary guests who have achieved amazing things, and today is no exception. Today we'll talk about overcoming adversity, pursuing passion, and achieving personal success, and my guest today, Kevin Rempel embodies all of that and more. He's a man whose story is an embodiment of the phrase 'triumph over adversity'. We dive into his journey, the highs and lows, the victories and setbacks, and the lessons he's learned along the way to become a paralympic champion. Links and Resources: Michael Yardney Kevin Rempel - The Hero Mindset Connect with Kevin Rempel on Linked In 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: Turning Setbacks into Comebacks: A Conversation with Para Olympics Medallist Kevin Rempel

While we usually talk about property money and success, the underlying theme is most people want to become richer so today we're going to dig deep into the true essence of wealth building and that is consistency. Now you've probably seen or heard about those online success stories, haven't you? Those narratives that suggest getting rich is a simple matter of having the right idea at the right time or finding the next hot spot. However, the truth is, it's not that easy. So today, I'm joined by Mark Creedon, business coach to some of the most successful businesspeople and entrepreneurs in Australia and CEO of the Metropole Property Group of companies and we'll discuss 21 small actions that will make you rich slowly. 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: Small Actions That Will Make You Richer, With Mark Creedon

Stuart Wemyss believes property prices can continue to rise despite high interest rates and low wage growth, and today, we'll be diving deeper into this topic. In this episode, we'll explore income, borrowing capacity, migration, inheritance, and other factors and how they intersect in shaping the property market. 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: What on earth will make property values keep rising if high inflation and lower wages growth persists, with Stuart Wemyss

Welcome to the Michael Yardney podcast. Today Dr. Andrew Wilson and I will be addressing all the talk about Australia falling into a recession. We will share the latest immigration statistics which show Australia increased its population by almost half a million people in 2022, and we'll explain what the latest unemployment figures suggest is ahead for our economy and interest rates. Dr. Wilson will also discuss the current economic landscape and shed some light on the potential outcomes for our economy and housing markets. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us 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 Shownotes plus more here: Will our high immigration numbers be enough to stop a recession? With Dr Andrew Wilson

In today's episode, Pete Wargent joins me as we do a deep dive into the big picture of our economy and our property markets. Some of the topics we'll explore include 12 interest rate rises, high inflation, and recent wage decisions, all of which are causing increasing worry about a recession among commentators. Don't despair, however. Take the time to listen to Pete and I parse these topics, offer insights, and discuss what these trends really mean for you and for the future of the economy and our housing markets. Links and Resources: Metropole's Strategic Property Plan – to help both beginning and experienced investors safely grow, protect and pass on your wealth through property. Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Pete Wargent's blog Shownotes plus more here: Will the latest increase in interest rates be the "straw that breaks the camel's back"? Big Picture Podcast with Pete Wargent

We all know that we have a housing supply crisis and that the answer is to build more apartments? But my guest today Ross Elliott, who is a respected voice in urban economics, is going to challenge some of our preconceived notions about the housing market. He doesn't deny there are problems with housing, but he has a different opinion on what's causing the problem, and he will explain his thoughts. Join us for an exploration of housing supply and demand, challenges in building new homes, and the pitfalls of rapid growth in our housing market and communities. Links and Resources: Michael Yardney Ross Elliott – The finger on the pulse blog 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: We don't have a housing supply crisis, with Ross Elliott

The Australian Taxation Office is ramping up its efforts to recoup an estimated $9 billion revenue deficit, and they're pulling out all the stops. ● Innovative strategies? Check. ● New alliances with asset managers and banks? Check. ● Advanced technologies to scrutinize investment loans and asset sales? Double check. If you're an investor in Australian property, this is your call to be vigilant and informed. Today, I'm joined by Ken Raiss, director of Metropole Wealth Advisory who's here to guide you through the treacherous waters of this new tax landscape. Links and Resources: Ken Raiss, director 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 resource is as a is my gift for subscribing to this podcast www.PodcastBonus.com.au Shownotes plus more here: The ATO's Watchlist: A Guide for Australian Property Investors with Ken Raiss

Welcome to today's show where leading demographer Simon Kuestenmacher and I explore the potential for Olympic-driven growth in the lead-up to the 2032 Brisbane Olympic Games. As history has shown us, the Olympics can serve as a catalyst for urban development and long-lasting change, turning South East Queensland into a highly connected and liveable region. However, with Australia grappling with an approximately 20-year infrastructure backlog, the challenge of balancing this new development with the needs of a growing population is ever-present. In today's show, we'll delve into the importance of timely infrastructure development, learning from the success stories of Olympic host cities like Barcelona and Munich, and exploring the ambitious vision for SEQ as a thriving, interconnected megacity. We will also discuss the challenges that SEQ faces, and the future of this dynamic and evolving region. If you live in Queensland this information will be vital for you, and of course as a property investor it will be important to understand these things if you have any interest in investing in Brisbane, Australia's new world city. 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: Olympic Endeavours: Seizing the Once in a Lifetime Opportunity in South East Queensland with Simon Kuestenmacher

Today, I'm chatting with Jackson Millan, also known as 'The Wealth Mentor'. Jackson is an accomplished wealth coach and an industry leader who has realized his own financial goals and created his dream life and helped others to do the same. We'll talk about the mindset of wealth creation, strategies you can adopt, and overcoming obstacles in your path. Hopefully our chat will offer you some practical insights and tools to use on your own wealth-creation journey. Links and Resources: Michael Yardney Jackson Millan - The Wealth Mentor – Aureus Financial Jackson's Scorecard - www.WealthHealthCheck.com.au 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: Advice on getting rich from Australia's Wealth Mentor With Jackson Milan

A single investment property won't help you achieve financial freedom. However, the majority of investors don't make it beyond one property, and of the ones who do, only a tiny portion own six or more. Why don't investors own more properties? Brett Warren joins me today to discuss the mistakes investors make that limit their options and their portfolios. Listen to today's podcast to learn how you can avoid these mistakes and instead learn to build a multi-million-dollar property portfolio. 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: Avoid these 12 common reasons property investors fail to build a Multi-Million Dollar Property Portfolio with Brett Warren

Today I want to discuss a crucial and timely topic. You see, I am worried about the current housing crisis which is impacting both the rental market and houses for sale. As property prices continue to skyrocket and rental rates soar, the wealth gap between property owners and non-owners is widening at an alarming pace. So today I explore the causes of this growing divide and discuss the implications for our society, as well as potential solutions to address this pressing issue. 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 Shownotes plus more here: From Population Boom to Housing Nightmare: Addressing Australia's Housing Shortage

Today I'll be chatting with Mark Creedon, and unpacking a somewhat controversial topic: Why, despite all the challenges and problems we face today, this is truly the best time in history to be alive. I've found that in this fast-paced world filled with uncertainty, it's all too easy to get bogged down by the negative news and lose sight of the incredible advancements and opportunities surrounding us. But today, Mark and I will delve into the many reasons why we believe that the present is a gift, and how it offers unprecedented opportunities for growth, success, and happiness. Together, we'll explore the remarkable progress we've made in technology, medicine, and communication, as well as the increasing global interconnectedness that has fostered collaboration and innovation like never before. We'll also discuss how we can harness these advancements to overcome the challenges we face, both individually and collectively. Now even though the main focus of this podcast is property, really the underlying theme is success and financial freedom so, whether you're feeling weighed down by the world's problems or you're just looking for a fresh perspective on life, I really hope today's show will be both thought-provoking and inspiring. 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 Why not join Metropole's Business Accelerator Mastermind 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: Embracing the Present: Why this is the Best Time in History to Be Alive, with Mark Creedon

In today's monthly Big Picture episode Pete Wargent and I will be exploring the nightmare ahead because of our capital city housing shortage, how the Budget will affect our property markets, and how Build to Rent works because as a property investor, you must know about it. We'll also discuss the retreat from the regions plus lots more. Links and Resources: Michael Yardney 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: In case you missed it, the downturn in our housing market is over – Big Picture Podcast, with Pete Wargent

You heard me say it before - property investment is a game of finance with some houses thrown in the middle. But the rules of the game are changing in front of our eyes, so today I'd like to explain what's going on with lending, so you have a better chance of the banks saying "yes" to you and lending you more money. Today's guest is leading finance specialist Adam Bradley and I ask him a number of the common finance questions we're asked when clients come to see us at Metropole, but I'm also going to ask Adam some of the questions you probably wouldn't even think of asking but are important to know the answers to in today's financial climate, so that at the end of today so you'll have a better understanding of how to approach the game of property finance. Links and Resources Michael Yardney Metropole's Strategic Property Plan – to help both beginning and experienced investors Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Adam Bradley – Emerge Finance Shownotes plus more here: Bricks and Bucks: Your property finance questions answered with Adam Bradley

If you're a tenant in the market for accommodation, good luck finding something to rent. And if you're a home buyer or investor, by now you'd realise the market is on the move again. Today I chat with Dr. Andrew Wilson, Australia's leading housing economist and we discuss his thoughts about the Federal Budget and if it offered any relief for our housing markets, We also discuss the rental markets, building approval numbers as well as the booming auction clearance results. 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 Shownotes plus more here: A leading economist's view on the Budget's property initiatives and a housing market update, with Dr Andrew Wilson

While you've probably heard me suggest you should treat your property investments like a business, in today's podcast I'm going to explain to you the different property investment games the people are playing, and how you must beware of taking advice from the people playing a different game than you are? What do I mean by playing a different investment game? That's what I'm going to explain to you today. I'm also going to share with you what makes an investment-grade property, and here's a spoiler alert... What makes a great investment for me probably won't be a good investment for you. Links and Resources: Subscribe to Michael Yardney's Property Update daily breifing Metropole's Strategic Property Plan – to help both beginning and experienced investors Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Shownotes plus more here: The Property Investing Puzzle: piecing together a successful real estate strategy

While we usually spend a lot of time talking about property in the Michael Yardney Podcast, we also talk about success and money because these are all interrelated. Today we're going to explore the habits that drive exceptional individuals forward with Tom Corley, my co-author of our internationally best-selling book Rich Habits Poor Habits. And we'll be taking a closer look at one of Tom's thought-provoking blog posts where he said "Without Luck, Success is Impossible: therefore, the only formula that works is the formula that creates luck. And he goes on to say, "Here is that formula." 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: Is it really true that without luck success is impossible? With Tom Corley