Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Do you know what's so interesting about success? When I look at people around me who are ultra-successful — I mean, whether it's in their business, their investments, with money, or in their physical health, or maybe it's in their relationships —it's not that they're any smarter. It's not that they're any more talented. They weren't born with something special. Instead, they simply have a differen...

Throughout the year, the media has been reminding us about how rising interest rates are hammering our property markets, and commentators keep reminding us about the uncertainty of our economic future. It's easy to see all the risks and problems now, but five years from now, it's likely we will look back and see lots of missed opportunities. That's why once a month, I catch up with leading economi...

As I look back at 2022, the year seems to have gone quickly for me, even though I know for a lot of people, it has been a slow and difficult year. For those in property, it was a roller coaster year where we came to expect the unexpected. We went from this time last year, the RBA declaring that " The Board is committed to keeping the cash rate at this level until 2024, " to ending up with 8 consec...

We know that housing affordability is a real issue, with many Aussies now finding it harder to buy their dream home as 8 consecutive interest rate rises have cut many buyers borrowing capacity by up to 20%. But what about rental affordability? With more and more people renting for longer at a time when the number of advertised dwellings for rent has plummeted, vacancy rates are record lows, and re...

You probably listen to this podcast because you're interested in property, money, and success, and while today we will be talking about Australia's economy, what we discuss really relates to all of these. You see... despite all those interest rate rises the Reserve Bank has been throwing at us trying to slow inflation and our spending, Australia's GDP expanded at the fastest annual rate this centu...

Are you hoping to be a better investor, businessperson, or entrepreneur? Well, today's show is for you because we discussed the concept of behavioural finance, which is the study of the effects of psychology on investors and financial markets. But don't worry, it's not woo-woo stuff, and it's not technical. Instead, I share several quotes from my favourite author, Morgan Housel, and Mark Creedon a...

I remember several years back, there was a computer game called SimCity that allowed players to build civilizations from the ground up. As a player, you could build roads, water supplies, and industrial precincts as your city grew, and this would then attract workers whose taxes would allow you to continue to build your civilization, raise armies and conquer the world. However, if you failed to pr...

There are now a number of property commentators suggesting we are near the bottom of this property cycle, and as you'll hear in my chat with Dr. Andrew Wilson in today's podcast for two months in a row, he has found house asking prices are holding steady or rising. Asking prices are a leading indicator and turn before eventual sale prices do, but as you'll hear in our chat today, these are not the...

Superannuation, or 'super', aims to help keep us financially secure when we move into a post-work lifestyle, and has been a crucial part of Australian lives for more than 100 years. While most Australians have their superannuation in industry funds, more and more Australians are looking at setting up their own self managed super fund. In today's show we discuss whether you need one or not. So if y...

I've often said that property investment is a game of finance with some houses thrown in the middle. But currently, more and more investors and homeowners are having difficulty getting finance in the rising interest rate environment. So, what should you do? What type of finance strategy should you have to prepare yourself for what's ahead?  And how do you deal with the banks? And do you know about...

We know that there is a dire housing shortage around Australia, not just for rental accommodation, but for people needing social housing, affordable housing, and for people wanting to live in desirable locations around Australia And this is only going to get worse with our borders now open to skilled migrants and international students. So, it was great to see that the recently delivered budget co...

Today's show is one of our popular question-and-answer sessions. But this is one with a difference. I guess it's more like a speed-dating session. Not that I've ever had a speed dating session. Not that I've ever had a speed dating session. But today's show is the audio of a Zoom meeting I had with a small group of clients and prospective clients of Metropole who asked me a wide range of questions...

It's been an interesting few weeks full of economic news, which has led to further uncertainty about the future of our economy and our property markets. If you're a regular listener, you'd know that once a month, I catch up with leading economic commentator Pete Wargent for these Big Picture podcasts and we look at the macro factors affecting our economy and our property markets, and we've got a l...

They say the road to success is paved with failures, and speaking from personal experience, I know that's very true. Life is a continuous learning experience. Throughout our lives, we keep rising and falling, picking up important lessons along the way. Some of these lessons come from experience, yet there are others that we learn by watching others or reading in books. In today's show, Mark Creedo...

Are you wondering what's ahead in property for 2023? Maybe you'd like to know what other Australian property investors plan to do. Well, that's exactly what we discuss in today's show as we unpack the results of this year's Property Investor Sentiment Survey.  You'll hear what 1,900 Australians feel about our current real estate markets and what they plan to do. And you'll also hear how rising int...

There have been some interesting property headlines recently, haven't there? Things like Australia's house prices are seeing the fastest quarterly decline on record. An Australian property market crash is coming. The chances of a crash in house prices just jumped. A Freedom of Information report revealed internal research by the RBA found property prices could fall by as much as 20% Is a property...

We're living in challenging, stressful times with a barrage of mixed messages about what's ahead for our economy and our property markets. Everything seems to be stacked against those looking to invest in property, falling values, rising interest rates, and various governments interfering, making it seem like we are losing control of our investments. The bottom line is investing is getting harder....

Have you noticed how everybody seems more stressed lately? For many, it seems harder to be happier at a time when everyone seems to be more stressed because of the continual changes occurring. It started with the uncertainties of Covid a few years ago, and for most of this year, the media has been scaring us with the bogeyman of inflation, rising interest rates, lower living standards, and possibl...

In today's podcast, we talk about property management, but we're going to bring up some things you may not be aware of. Did you know that one state legislation requires you to give your tenant your personal email address or your mobile number? Did you know that in another state, you can't ask potential tenants their age or their occupation? How can you do a thorough tenancy check? Boy, has legisla...

What's ahead for Australia for the balance of this decade? That's what I discuss today with leading demographer Simon Kuestenmacher. Forecasting is important because it can help us to make better investment and financial decisions. If we have a sense of where the world and our economy are going, we can prepare better. In theory, that's what forecasting should do. In practice, it's much harder as t...

Today's podcast initially started as a regular question and answer session with Ken Raiss where we answer your queries, but it ended up being a discussion on the role of property investors based on a comment made by a friend of Ken's who said that "property investors are the scum of the earth feeding off poor tenants." While I'm sure as somebody interested in property, you'll have your view on thi...

Property investment has lost its appeal for 45% of Queensland investors, according to the latest Property Investor Sentiment Survey by PIPA. The survey found many investors are selling up, and quite a few feel they are longer in control of their assets. I'm sure you'll still find my chat with Nicola McDougall, Chair of the Property Investment Professionals of Australia interesting, especially as y...

One of the best parts of being involved in the property markets is that I'm continually learning. However, one of the things I've learned from history is that we don't learn from history. How often have you heard people say this time is different when really it isn't? Some things just don't change. In today's podcast, I chat with Brett Warren, national director of Metropole and we discuss some of...

Who do you ask for property investment advice? With so many mixed messages and vested interests, who can you really trust? And in today's property markets, there are very few advisers who have the perspective of having lived through and successfully invested in several property cycles and understand how to take advantage of the current stage of the property cycle. Yet there is a new breed of so-ca...

It's been an interesting few weeks full of economic news which has led to a lot of uncertainty about the future of our economy and our property markets. If you're a regular listener you'd know that once a month I catch up with leading economic commentator Pete Wargent for these Big Picture podcasts when we look at the macro factors affecting our economy and our property markets, and we've got a lo...