Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

The coronavirus crisis has cut Australia off from the world. And our population growth is about to slow dramatically.  This is going to affect our property market and slow economic growth by up to 2%.  Every time we have an economic downturn, immigration becomes a topic of great interest. And with the likelihood of unemployment rising to over 10%, the discussion has become even more vocal.  In tod...

When you were a kid, you probably thought being an adult was all about staying up late and not doing your homework.  But now that you're an adult, you know that there's a lot more to it than that. Going to work, household responsibilities, paying the bills – and having your finances in order. And it's easy to get down on yourself when you don't have your finances where you think they should be.  B...

An Australian recession is just around the corner. But what will it look like? And what will it feel like?  That's what we're going to discuss in today's podcast as I chat with Ken Raiss, Australia's leading property tax strategist and Director of Metropole wealth advisory.  We're going to talk about what you need to understand about a recession, why this time will be different, and what you're li...

If you're interested in success, more money or property investment, today's show is for you. First, we're going to talk about the single greatest trait of successful property investors, in fact of people in any field. Then, I'm going to chat to Ken Raiss about land tax. That's a tax I don't like paying, but let's understand a bit more about it, what you can do about it, and if it can ever be avoid...

If you're like me, you're probably sick of hearing about coronavirus all the time, so good news!  Today's episode won't be about the coronavirus. Instead, I'm going to teach you about wealth accelerators.  If you don't know what those are, you will know by the end of the show, and you'll understand how wealthy people use them to keep getting richer.  Then I'm going to have a chat with Pete Wargent...

How much will property prices fall during the recession?  There's no doubt that turnover of property sales is dropping, and yes properties in some areas are falling in value.  But will they drop 10%, 20%, 30% like some people are suggesting? Which headline do you even start to believe?  Well, let's not worry too much about the headlines, because today I'm going to have a chat with Stuart Wemyss an...

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...

The coronavirus crisis has transformed our markets back to buyers' markets. But does that mean it's a good time for you to buy property?  That's what I'm going to discuss in today's show, and in quite some detail.  Of course, like with most things in property, the answer is that it depends.  Are you buying a new home or an investment property? How secure is your job? How easy is it for you to get...

My special guest today is Robert Kiyosaki author of the best-selling book  Rich Dad, Poor Dad. When Robert's team reached out to me and asked me if I'd like to have him as a guest, I jumped at the opportunity, because I heard that he's got a message that he wanted to share with Australians about the challenges for our economy ahead, and the opportunities on the other side of the downturn.  Now, I...

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...

We're heading for the biggest crash since the great depression and it's just around the corner, according to Harry Dent. He's doing a virtual seminar telling anyone who's prepared to listen that we're headed for a stock market crash, a major depression, and the value of your home dropping 40-50%. Today we're going to have a chat with Harry Dent, and I'm also going to have a talk with Pete Wargent....

The coronavirus has clearly infected Australia.   And it doesn't discriminate rich or poor, young or old.   I heard it said that we are all in the same boat.   But it's not like that.  We are in the same storm, but not in the same boat.    Your ship could be shipwrecked and mine might not be or vice versa.   For some, quarantine is optimal. A moment of reflection, of re-connection, taking life eas...

2020 usually refers to someone with perfect vision, so it's ironic that in 2020 we have such a poor picture of what lies ahead of us. We're moving through challenging, interesting times.  We're making history as we work through the coronavirus crisis and how it's affecting our lives, our economy, and our health.  But to give some clarity on what could be ahead, I'm going to have a chat with proper...

With so much uncertainty around us, we're even more keen to get a level of certainty.  But let's be honest, we're pretty terrible at working out what's going to happen in the future.  When the future doesn't cooperate, we spend even more time trying to change the next bit of the future so it winds up more like what we were hoping for.  But no matter what you do and how stressed you get; the future...

Have you noticed how the desire for economic forecasts surges right when our ability to accurately forecast plummets?  That's really the case today. In today's show, I'm going to tell you what I say when people ask what's going to happen to our property markets, and my answer may surprise you.  Then, I'm going to have a chat with Dr. Andrew Wilson about who's going to pay for all the government be...

What drives property price growth?  That's what I'm going to discuss in today's episode.  Then I'm going to have a chat with Kate Forbes about the surging population growth in Melbourne.  Melbourne is likely already Australia's largest capital city.  That doesn't mean you can invest just anywhere in Melbourne, but we're going to give you some ideas of what to look for when you're considering where...

The world completely changed a month or two ago.  You're socially distancing, you're washing your hands a lot more, you've been sitting at home in quarantine for how many days now? Maybe you've lost count.  How are you going to take advantage of this time?  When you find yourself struggling through times of uncertainty, like we all are right now, you've got a choice to make. Are you going to be a...

The world completely changed a few weeks ago.  Most of us are locked down with social distancing policies.  How many days have you been at home now? Are they starting to blend together?  But it's times like these when focusing on your personal and business growth becomes more important than ever. And that's what we're going to talk about today.  Even if you don't have a business and you're not an...

Did you know that as investors and even as entrepreneurs or businesspeople we can sometimes be our own worst enemy? It's not because of the decisions we make, the opportunities we consider or the investments we miss out on, but rather, it's due to the way we think. It's because of our Cognitive Biases. You see, most of think we're rational people. But we're not. There is no shortage of cognitive b...

Most of us have accepted the situation we're in. We're adapting to a new normal.  The bulk of the world is in official or unofficial lockdown, we're taking the threat seriously, and we're seeing unprecedented government support.  We're reminded of the importance of family and friends.  We're locked in with them or keeping in touch with them virtually.  What else has become clear is that we're all...

How would you like to know what the property values are going to be at the end of the year? Would you like me to forecast what property values are going to be in two to three years' time, or which areas will have the best growth? Of course! Everyone likes forecasts.  We want certainty. That's especially true in today's market with things are so uncertain.  But let me bust a myth about forecasts. T...

We're in the midst of a health war.  It's a unique war, with every country on the planet united to beat the same enemy. It's a silent enemy, an invisible enemy. A deadly enemy.  This is a crisis that no one alive has faced before on this scale. But we're going to get through this.  On today's show, I'm going to have a chat with Ken Raiss, director of Metropole Wealth Advisory, and together we'll a...

It's a common belief that becoming rich requires more than a little bit of luck.  But is this true? Or is it just that those who are not that rich find it easier to believe that those who've made it are luckier than they are talented?  My reading suggests that luck, whether random or self-made is a common denominator of wealthy people.  In today's episode, Tom Corley and I will talk more about thi...

Will COVID-19 crush our property markets?  COVID-19 is a health issue, but the fallout from it isn't just health effects, it has social and economic effects too. And yes, it will affect our property markets.  That's what we're going to talk about today.  In addition to my own thoughts, I'll be talking to Dr. Andrew Wilson about what's going to happen with our property markets, whether all this wil...

As a business owner, as an entrepreneur, as an investor, you're going to be facing a lot of challenges in 2020.  In fact, the year has already brought us our fair share of challenges. Some have come from inside Australia; some have come from overseas.  And that means things are going to be tough this year.  Despite those issues, some business owners, investors, and entrepreneurs are going to do a...