Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

No one expects 2021 to be the same type of rollercoaster ride as 2020. And while there's plenty of good news for our economy and our property markets, it's important to remember that considerable uncertainty remains and the extreme dislocation to many businesses over the past year will take time to resolve. Now the general optimism is well-founded. We seem to have this virus "thingy" under control...

Would you like to know where the property hotspots are going to be as Australia enters some semblance of normality in 2021? Or maybe you'd like to know exactly where property values are going to end up at the end of this year. Now I know that's what a lot of the other podcasts are currently offering you, so I'm sorry if I'm going to disappoint you, but I'm not going to make any short-term predicti...

As we enter a new year, many of us will be focusing on the strange year we've had and trying to extract the lessons we've learned. Rather than do the same, in today's episode of the Michael Yardney Podcast I'd like to remind you of some of the foundations of lifetime investment success with Stuart Wemyss. Now to be clear… this is very different to what you hear in the news, which basically focuses...

What's ahead for our property markets this year? Is it time to be fearful or time to be greedy? We survived 2020, and 2021 is going to be another interesting year with a lot of positive things happening, but there's no doubt will have our share of challenging times, because even though we are over the recession there it will still be fallout from the recession to deal with, and clearly, we will ke...

While many markets suffered from the economic impact of COVID-19, Brisbane's property values remained resilient last year, and now almost all property analysts are suggesting that Brisbane's housing markets will perform strongly in 2021. On today's show, I chat with Brett Warren, national director of Metropole Property Strategist based in Brisbane to understand what's really going on and why this...

With interest rates near zero, Australia's economy rebounding, and pumped with massive amounts of stimulus, and the coronavirus all but eradicated from our shores, our property markets are looking healthy and starting the year off on a strong footing. The stats show that after the nation went into lockdown last year, national property rates fell overall a cumulative 2.2 percent. And of course, thi...

Would you like Life Time Wealth? Well…today we'll explain what that means and how you could achieve it as I replay a chat I had with my good friends Louise Bedford and Chris Tate from The Trading Game and we discuss the concept of true wealth. This is the last of the summer series of podcasts where I've been running three shows a week rather than two in January, but since this was the second most...

During his five years studying the rich and the poor Tom Corley identified 10 hard truths about the wealth gap that no politician or member of the mainstream media would dare reveal.  And as I share them with you today, you'll probably get a few surprises. These aren't just our thoughts. In his 5year study, Tom asked 361 rich and poor people 144 questions each. That's 51,984 questions. From the da...

How wealthy are you? I guess that depends upon how you define wealth. In today's podcast, I chat with demographer and social commentator Mark McCrindle about wealth distribution in Australia. We talk about what's happened to the wealth gap between the rich and the average Australian, and we answer the question "are we better off financially than our parents were?" And of course, I'm also going to...

I'm often asked what are the big lessons I've learned from investing in property for close to 50 years? Probably the most important lesson I think we can learn is that the market is driven not only by the fundamentals but also by the irrational and erratic behavior of an unstable crowd of other investors and homebuyers. So never get too carried away when the market is booming or too disenchanted w...

Not all investors are created equal. If you want to become a successful property investor you really need to understand the five levels of investing which is a model that I've designed to explain how most investors progress along their path to financial freedom. Just to be clear, this has nothing to do with your level of income. It has a lot to do with your financial fluency and financial intellig...

We're into a new year, and there's lots of good news on the horizon. We're going to have a better year this year than in 2020. We can't have all of those challenges again this year, can we? There's lots of good news. The economy is picking up, we've beaten the recession, it looks like we've contained the virus, and there's an earlier-than-expected arrival of a vaccine. The path to normality has co...

Let me ask you a question - Have you made any mistakes in your investment career? If you're an investor, you almost certainly have made some mistakes. Nobody starts out as a great investor – property investment is a learned skill. Today, I'm going to share with you one of the biggest mistakes I made early on in my investment career indisputable proof that I began life as an investment suck up. Tod...

While you're listening to this podcast, my wife and I are away on our vacation. Unfortunately due to Covid, it's not the extended overseas trip we usually take at this time of the year, but we are able to take a number of breaks each year because we've built a substantial property portfolio that gives us the lifestyle we enjoy. I'm not showing off. What I'm suggesting is you should also build a su...

Did you make New Year's resolutions for 2021? What were they? Were you planning to get more money? Become healthier? How many have you broken already? My resolution of eating more healthily didn't last long. But I know that a lot of people are planning to make 2021 a great year considering the challenges and how many opportunities were lost in 2020. So, in today's episode, I've got two segments to...

Success is no accident.  The most successful people in life may not always seem like they have much in common.  How are The Beatles similar to Steve Jobs? Or Warren Buffett and Shane Warne? But when their traits, habits, and work ethics are distilled down, these unlikely characters share many similarities. They do the work, they turn up, they believe in themselves and sometimes, they even wear the...

There are many definitions of what it means to be rich. In today's podcast, we're going to discuss the #1 factor that makes poor people rich. Being rich is more a state of mind than a dollar amount, though – the rich can be poor and the poor can be rich. Being rich is really more about having what you want and being able to enjoy your wealth. You need a sense of balance, and true wealth isn't abou...

2020 didn't exactly turn out the way I or anyone expected at the beginning of the year. Just as the bushfires were receding, we started to learn about this virus in China that eventually made its way to our shores. The pandemic caused massive health issues in Australia and around the world. Many countries, including ours, have had two waves of Coronavirus. It kept many of us confined to our homes,...

I was recently asked to put together a list of simple rules that distilled my property investment philosophy, so in today's episode, I'll give you 9 simple property investment rules to go by. In my mindset moment, I'll share 2 inspirational quotes that have helped me and that might be helpful for you as well. Then we'll discuss some of the differences that separate rich people and poor people. Hop...

For many of us, 2020 has been a year to forget, but I don't think we're going to do that easily. I'm confident that we're going to remember 2020 for a long time. I don't know when you're going to listen to this podcast, but it's almost certainly time for me to wish you a happy, healthy, and prosperous 2021 – a much better year ahead. 2020 brought a lot of its challenges to us, but it's actually be...

You're in for a treat today because I'm going to chat with one of my very early mentors when I started my property investment journey. I bought my first investment property in 1971 without much money, having saved a little deposit and going halves with my parents and I definitely didn't understand the rules of the game. I just knew that wealthy people owned property and I wanted to be wealthy. At...

Today's podcast is a little different: it's all about me. This is an interview with me. I hope it will help give you some insights about what makes me tick, what I've learned, what I've done wrong. This interview is with Peter Fritz of the Office Anywhere Podcast. Peter is a client, a successful property investor, and an author who writes regularly on Property Update. Peter has had his ups and dow...

One of the interesting benefits I experienced from the prolonged lockdowns during 2020 was that I've been working more efficiently. Prior to COVID-19, I worked from home one or two days a week and from the office the other days. But interestingly, working from home full time made me much more efficient with my use of time. So, how do you make the most use of your time? How do you make sure you're...

It's clear that we've worked our way through the COVID-induced recession and the resultant lull in our property markets has now turned the corner and the markets are on the move again. Property predictions are now coming thick and fast. One is that there's an elephant in the room that most aren't aware of. That prediction was made by property researcher John Lindeman, and I'm going to ask him what...

We've worked our way through the recession, the property markets are moving on, and more Australians are looking at getting into property. So today, I want to share three segments with you that will help make you more successful. First, I'm going to talk about 6 learning fees I don't want you to pay. These are costs that investors and homebuyers have paid to the market, or marketers, or spruikers,...