Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Recently, I appeared on the Australian Taxation Office's podcast, Tax InVoice, to talk about tax-related matters that would be of interest to property investors in a time of crisis. I spoke with assistant commissioner Adam O'Grady about how the events of 2020 impacted property investors and what recent law changes mean for residential property investors. Some of the things we covered included what...

I remember where I was when I first heard about coronavirus, it wasn't called COVID-19 then. I was on the other side of the world on a cruise with Pam, for our annual end of year overseas excursion and this virus thingy was a problem that was happening in China. Who would've thought then we'd be where we are today with a worldwide pandemic, a recession, and so much political and social unrest? Tod...

Today, we answer some of your common questions. Questions like…How should your property investment strategy change given the current circumstances? Should you still be focusing on capital growth for your investments? How do you transition from the capital growth stage to the cash flow stage for your investments? We'll also talk about those 40-year spreadsheets and property strategy plans. Do they...

There's so much uncertainty with what's going to happen to our economy and our property markets. How do you plan for your financial future? That's one of the questions we're going to answer today in the first of a series of question and answer podcasts. Today I'm going to have a chat with Brett Warren to answer some of your questions including how to formulate a property plan, what your endgame sh...

What will life be like post-COVID-19? Even though many of us have spent weeks dreaming about the day things are going to get back to normal, it may not be as smooth sailing as some of us would like. We can expect to see lots of changes. Your favorite café might not survive the shutdowns. You may greet friends with a nod or wave rather than a hug. There will be practical and economic changes that w...

Post-COVID Properties Much of Australia's economy is being kept on temporary life support either through the federal government's Job Keeper and Job Seeker schemes or through loan repayment relief from the banks. The coronavirus has really played havoc with our economy, with our lives, and with our property market. In fact, Melbourne, which has often been hailed as the world's most livable city, i...

Have you ever thought of getting involved in property development? That's what I'm going to talk about today with Bryce Yardney, director of Metropole Projects. We're seeing more and more people interested in property development because, in times of flatter capital growth, you're looking to manufacture capital growth. Today we're going to talk about some of the risks involved in property developm...

Do you ever secretly wish that you could achieve more with your time?  You are not alone. Most people want more from their lives but simply don't know where to start. Science says that only 8 percent of people actually achieve their goals. The good news is that learning to accomplish greatness in your life is totally possible if you learn to study other successful high achievers. In today's Build...

Taking control of your personal finances, becoming wealthy or successful in property investing, is simple, but it's not easy. That's not a play on words. It's simple if you know how, but it's not easy because a lot of investors make mistakes. They're fussed about the timing and the price they're going to pay for their property, but those factors may not matter as much as you think. That's the topi...

Being a property investor is simple, isn't it? Just buy a property, then sit back, collect the rents, and fund your retirement.  If only it was as easy as that.  Granted, investing in property is a simple concept, but the execution is a different story. I've often said property investment is simple, but not easy.  The rules are simple if you know them, but the execution is more complicated.  And t...

What makes an investment-grade property?  What makes it different from all of the other properties?  What's the right strategy for this stage of the property cycle?  What's the endgame that property investors should be considering at the moment, considering how coronavirus has disrupted our property cycle?  That's what we're going to talk about today. I'm going to share with you my new endgame bec...

How important is assessing demographics in building your property portfolio or planning your business or personal ventures?  If you don't pay attention you could be missing the key to building long-term wealth in a way that minimizes your risks.  In today's episode of Michael Yardney podcast, I chat with Simon Kuestenmacher, and we're going to talk about 7 macro / big picture demographic trends. ...

As adults we often forget that at one point in our life we saw the world and the people around us in a much different light— we saw the world through a child's eyes. As we grow up and mature, we allow life and rules to restrict some of the greatest instincts we had as children.  Instead of never taking no for an answer, waiting for permission, or even embracing our wildest dreams, we fall into a s...

Much of the Australian economy is being kept on temporary life support either by federal government schemes or through bank relief.  These assistance measures are slated to end after 6 months, but clearly the coronavirus crisis won't be over by then, and unemployment probably won't return to normal levels for a few years.  People are wondering what's going to happen to house prices, unemployment,...

If you're like the most listeners to the Michael Yardney podcast you are here to learn about success, money and property investment.  Well you're in for a treat today because I'm going to be chatting with Mark Victor Hanson who has inspired over 1 billion people through his books that have been translated into 54 languages. I know he inspired me when I first read his chicken soup for the soul seri...

The coronavirus pandemic has created one of the worst recessions the world has seen since the 1930's Great Depression – but it was also shaping up to be one of the shortest. Australia's economy was already showing signs of bouncing back, following a "very deep contraction" but then the threat of a second wave of coronavirus hit us. What would a serious second wave of coronavirus due to our economy...

What drives property price growth? Especially in this era of lower interest rates, lower inflation and lower capital growth in general? If you want to one day live off the fruits of your property portfolio, you'll need to own the sort of properties that grow at wealth producing rates of return that outperform the averages.  Today we're going to have two different views on the subject.  First, Bret...

We're halfway through the year, and let's hope the second half of 2020 is going to be better than the first half.  That's what we're going to chat about in this episode of the Michael Yardney podcast, while I give you some ideas about what's ahead.  I also chat with Pete Wargent about what's really happening with the financial system, our housing markets, and concern about housing stress.  Hopeful...

There's no lack of property-specific data information out there. It is often available with just the click of a mouse.  However, with this increased availability of data, there are new challenges.  How do you make sense out of all this data? Whose numbers can you trust?  In today's episode of the Michael Yardney podcast, I chat with Kate Forbes about her specialty, how to interpret data.  How impo...

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...

Robert Kiyosaki has taught millions and millions of people some important financial concepts.  I learned a lot from him in my early years, and I've quoted him on many occasions.  But I also believe that the way he thinks about real estate – which may work for him in the US – is not relevant in Australia.  And there are a number of his other concepts that I don't believe are correct.   He does have...

We often talk about the things that we learn in business, the lessons that we get, and the people we get the lessons from. That got me thinking just the other day about how I also think there are some lessons that we can learn not from people, but in fact, from animals.  So today I chat with Mark Creedon, founder of Business Accelerator Mastermind, about 10 life lessons  we can learn from dogs.  H...

We're living in challenging and interesting times – a coronavirus pandemic, a recession, social unrest, financial instability – so today, I'm going to offer you something very different as I speak to two of the world's best motivational and inspirational speakers, Les Brown, and Dr. Willie Jolley,both from the United States.  We're not even going to talk about property today.  When you come to my...

Today's podcast is based on your questions: questions listeners have asked and the questions that our clients are asking us at Metropole.  There's still so much uncertainty about a recession and uncertainty about what's going to happen to property values, so today I'm going to give my thoughts and leave you with more certainty and better direction. We've been hit by a health crisis that's led us i...

We've been hit by a health crisis that has led us into the most serious global recession in almost a century.  Despite living in one of the richest countries in the world, many Australians are currently struggling financially, and if history repeats itself, the gap between the wealthy and the average Australian will only get wider.  But there's still good news. Though recent events have left many...