Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Want to know what will make me a better property investor in this difficult market? I expect that the property market is going to pick up. And I expect that the Melbourne and Sydney property markets will go gangbusters. I have no idea when this will happen. Now just to make things clear…those aren't contradictory statements. The first is an expectation, the other is the rejection of a forecast. An...

If you're a business owner, entrepreneur, or professional, then this show, the first of a new series, is for you.  Do you work 50 to 70 hours a week or more? Not including the time you spend on phone calls and emails at nights and on weekends? Can you go away from your business and return to find that it's made money while you were gone, or does it stop when you do? Are you sure that you have a bu...

Are you considering buying a new home or an investment property? If so you're probably wondering should you buy now or should you wait? What if prices fall further this year? A better question would be - how important is it to get your timing right and what are the most important factors involved in the long-term performance of your investment property? With my guest today, Stuart Wemyss we're goi...

Over the years I've spent a lot of time studying rich people, and over the last decade I've personally mentored some very successful people. Along the way, I've become much more successful as well. I've written about success in my books and my blogs, and we discuss these topics in this monthly Rich Habits Poor Habits podcast . This is the second in a series focusing on the Success Habits of the ri...

While the Labor party have indicated that if they come into power they intend to introduce a number of taxes that will directly affect our property market, the 2019 Liberal Federal Budget made little mention of our property markets . However there was plenty of good news in the Federal Budget and many of the key initiatives will help promote economic growth which will be positive for our property...

Negative gearing is set to be a key issue in the upcoming federal election. If elected, Labor intends to reform the practice with the aim of improving housing affordability. The Coalition intends to leave negative gearing as is. The problem is Labor's proposed policy will affect every Australian home owner and all property investors is designed to put downward pressure on home prices and improve a...

History shows us that our property markets move through a cycle. There's a downturn, followed by a stabilisation phase, then an upturn, then a boom. And then the cycle starts all over again. Now that we're in a downturn phase of the property cycle, I want to share some valuable lessons that I've learned from past property cycles. I'll be explaining what you can do when you find that the property m...

What will the property markets be doing for the rest of 2019? And what can we expect to happen after 2019? In today's episode, I'll be asking those questions of property researcher John Lindeman who joins us to talk about why he disagrees with many of the so-called experts predicting long-lasting house price falls and what he bases his analysis on. During today's mindset moment, we'll talk about w...

Are you interested in getting into property development? If so, the insights in today's episode can help you on your journey. And even if you're not planning on getting into property development yourself, you can still learn a lot about property selection and how the mind of a successful property developer works by listening to the interview in today's episode. In this special bonus episode, you'l...

Many commentators are worried that the current crisis in consumer confidence will impact economic growth. They suggest that the negative wealth effect of falling house values could lead to a cut in consumer spending and that this plus the collapse in construction activity (one of our biggest employers) at a time of overseas economic headwinds could combine to create the perfect storm which could l...

These are times of financial and economic turmoil. With the current uncertainty and many changes on the horizon, it's time to go back to the big picture. In today's episode, I'll be discussing 24 things all investors and entrepreneurs should understand about the way property investing and the economy work. A favourite columnist of mine, Morgan Housel, wrote a great column about 122 things everyone...

Just over 30 years ago I began my study of rich and successful people. Of course, not all rich people are successful, and not all successful people are rich; but remember I was much younger and more naïve then and wanted it all. I tried to understand why some people were rich while others kept struggling financially. Over the years I attended many seminars, paid mentors and read as many books as I...

Mentors are an important part of your success. They help you get further in life, whether that's in property investment, entrepreneurship, or just in how you handle your money. Today it's easier now to find a mentor than it ever has been before, but the ready availability of information has its downsides. There's such a thing as too much information from too many sources, some of them untrustworth...

To be successful in the current more challenging property markets, you not only need to know what to do, but just as importantly you need to know what not to do. As I see it there will be plenty of challenges and risks in the real estate markets this year and the value of certain properties will be a little lower by the end of the year. But we're experiencing a necessary market adjustment and with...

I was 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. Hopefully, b...

How do I invest? What approaches do I use and which strategies do I use? There is no "secret" to successful property investing, but there is a strategy I use to boost my chances of success. It is to firstly build my asset base through capital growth and then, once I'd built a substantial asset base, to move to the "cash flow" stage of investing. When my properties increase in value this gives me e...

Most of us want to become rich. But do we really know what that means? In today's show, I'm going to debunk some of the biggest myths about rich people. The myths that have developed around wealth and rich people are not only interesting but within these myths and the realities behind them, we may find clues as to how we can become wealthy ourselves.  It's important to challenge these misconceptio...

All investing is associated with some level of risk. But if you're taking on too much risk, you may be speculating, when you think you're investing. In today's episode, I'm going to talk about the difference between investing and speculating as well as a number of myths about risk that most investors don't understand. Then I'll have a chat with Bessie Hassan, of Finder.com.au about the risk of get...

The first few weeks of 2019 have already brought many interesting predictions and forecasts for property. In today's show, I'm going to share 5 property market predictions that will definitely happen in 2019. I'll also have a chat with John Lindeman. We're going to find out what his research suggests about how long this property downturn is going to last. The next boom might be closer than you thi...

Every year is a little bit different in the property market, but 2019 is going to be a watershed year. If you're curious about what's going to be affecting the property market in the year ahead, you're going to enjoy today's conversation with Ahmad Imam. We're going to talk about the major trends what will shape our real estate markets in 2019 and beyond. After you listen to today's episode, you'l...

Are you a good negotiator? Negotiating is something we it constantly in all aspects of our life, from relationships to which path you choose to take on a crowded street. And of course, negotiation is one of the skills developed by savvy property investors, business people and entrepreneurs Some people are very good at negotiation, while others simply take what the other party is willing to give th...

The beginning of the year is a good time to reflect on the last year and how things went, as well as consider what you want to do in the new year. Today I'm going to share with some of the things I wish I'd known earlier in life. I'll also chat with Ken Raiss about getting your kids into the property market. If you don't have kids, don't worry – there's good information in there for you too. And I...

Have you ever felt that you're not good enough? Have you wondered why you're not appreciated or valued for who you really are? This happens to everyone, even successful business people and entrepreneurs. But why would wealthy and successful people feel they aren't good enough? Something called imposter syndrome can make you feel as if you're not good enough. Imposter syndrome causes feelings of in...

If you want to become more successful in life, business, and investing, you're going to get a lot out of today's show. Even if you're not an entrepreneur in the sense that you would normally use that word, if you want to be more successful than the average Australian property invetsor you will need to be entrepreneurial. In this episode, you'll hear me being interviewed by Brett Warren, the direct...

We all understand the concept of fake news. The media plays with our emotions, our fear and our greed in an effort to get clicks and readers. Today I'm going to discuss 6 things the media won't tell you about property investing that you should know. Then, in my mindset moment, I'm going to talk about a concept that's helped me through my difficult times. After that, I'll play a radio interview tha...