Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Will your child be rich or poor?   If you're a parent or a grandparent or planning to become one, this show is for you. I believe it's our job to teach our children good money habits. And even if you're not planning to become a parent, Tom Corley and I will be discussing some important money lessons in this Rich Habits Poor habits podcast.   So let's talk about children…. Science shows that by the...

Are you where you want to be financially? If not, what's holding you back? That's what we're going to talk about in today's show. If you're like most Australians, you're probably not where you expected to be financially. Even if you're doing well, understanding behavioural finance can help you do better. We make thousands of decisions every day. We usually make these decisions with almost no thoug...

This week I explain How to Profit from Renovations in the current property markets.  Listen as I discuss: My  8 step process for profiting from renovations . 5 tips for successful renovations Why renovations make sense in today's property market The one thing that many renovations courses teach that is patently incorrect.  I explain the 4 big benefits of renovations: - Increasing the rental return...

Where will our property markets be in three years?  We're going through a bit of a rough time in the property cycle at present, which leaves a lot of people wondering what comes next. The availability of credit has tightened, and we're in the face of slumping prices in some places and slower growth in others. But don't panic. The market is behaving normally. Thoughts about where we'll be in three...

Today is the first birthday show of the Michael Yardney Podcast. Rather trying to come up with something new, I decided to try and distill the information, investment philosophies, tips and tricks that I and my guests have shared with you over the past year. As you listen to today's show you'll hear some of the most important insights I've shared over the past 52 weeks, all in one episode. I've ca...

Are great property investors born or made? Can anyone achieve success in property investing? That's one of the topics we're going to discuss on today's show. I'm also going to share a lesson I learned when one of my mentors asked, "where are you going to be in 10 years' time?" Are you walking down the right road to arrive at the place you want to be? Finally, Ken Raiss of Metropole Wealth Advisory...

Yes it's true that 1% controlled 82% of the wealth in the world. I just finished reading an article complaining about the rich. In the author's mind, there was something inherently unfair about this wealth inequality. The author, like many who are not in the 1%, felt that the wealth the 1% created didn't necessarily belong to them and offered government solutions to cap or redistribute the wealth...

Success is not a miracle. Nor is it a matter of luck. Everything happens for a reason, good or bad, positive or negative. And it's the same with success in property investment.  While real estate is generally considered a sound investment, only a small number of those who get involved eventually develop financial independence.   It probably won't come as a surprise that when you study those who ha...

Everyone knows that location is critical when selecting an investment property that will outperform. But what makes a good location and why are some locations better prospects than others? When I started investing around 40 years ago the emphasis for homebuyers was largely affordability and proximity to infrastructure. The outer fringes of our capital cities were developed in the wake of freeway e...

Have you ever considered a joint property venture to help you get into property or get yourself to the next level? Many people are having difficulty getting into property or getting to the next level, and some people are considering joint property ventures as a way to get involved in property development. In today's episode, I'll discuss the pros and cons of getting into a joint property venture....

If you want to become a better investor, this week's show is for you. Today I'm going to chat with you about two important topics that will be relevant whether you're a beginning investor or a seasoned pro. Firstly, I'll talk about the 7 habits of highly effective investors. I'll look at the 7 habits of highly effective people and explain how these approaches to success also relate to investing. T...

Have you ever wanted to sit me down in a corner and ask me all of your questions about property? That's what Liz and Marc from Finder.com.au did. Earlier this year, they asked me all their questions about property. The interview had so much good information in it that I asked permission for you to hear it on my show Listen to the episode to hear about the major forces driving our property market,...

When the world of finance changes, property investors must be prepared to change with it. In today's episode, I'll be chatting with property analyst Pete Wargent about recent changes in finance and how they have affected his investment strategies. Changes in the market and new regulations affect the property cycle, and investors must adjust their strategies at different phases in the cycle. These...

The 8 Golden Rules of Successful Investing - part 2 There are only 8 rules to successful investing according to Stuart Wemyss, my guest on this week's show. According to Stuart, investing is as easy as winning a game of monopoly when you know the rules. Last week I talked to Stuart about the first four rules of investing. This week we're going to continue the discussion by explaining the remaining...

Investing is easy when you know the rules, and according to today's guest, there are only eight rules to investing. If you're interested in becoming a successful investor today's show is for you as we discuss the eight rules of investing with Stuart Wemyss. Stuart is a financial planner, an accountant, a mortgage broker, and a successful property investor. He's also an author, and he's with us tod...

What are Australian properties going to be worth in a decade? What's going to make a good investment property over the next 10 years?  What are the major trends that are going to affect our property market? It's interesting to look at the difference between predictions that were made 10 years ago and what really happened between then and now. In today's show, I'll share a discussion I had with Ahm...

Are you lucky? How important is luck in your success in property investment, in business or as an entrepreneur?  We often think success comes as a reward to the hardest working, most focused, and most talented individuals. But is that really the case? Believe it or not, luck may play a bigger role in success than you think.  Today I'll be talking to Louise Bedford about what science has to say abo...

What's happening in the property markets around Australia? In today's episode, I'll speak with four experts to give you an update on what's happening state by state.  You'll hear how our property markets peaked in September last year, and while the boom is over, it seems we're in for a benign correction. Some areas are still growing, while others are slowing down.  In most capital cities, I believ...

Who wouldn't like to buy their parents' house at the price their parents paid years ago? In today's show we're going to look at the past as I have a chat with Pete Wargent to see what clues it can give us about the future of property.  We discuss what would happen if Crocodile Dundee would have to assess the changes that happened to our property markets in Australia since 1986 – maybe he'd gone on...

Why are the best business owners and entrepreneurs crushing it, while most are struggling? Just in case you hadn't noticed, it's tough out there at the moment for business owners, entrepreneurs and many people in professional practices. Having said that, while many are struggling, some business owners are crushing it - so what can we learn from these successful people? A little while ago I was hav...

Are you having money problems? Are you where you hoped to be financially at this stage of your life? Well…if you want to be in a better financial situation, then this week's show is for you because I'm going to debunk 15 Myths that could be killing your wealth potential.   You see…money doesn't discriminate; it doesn't care who you are or where you come from. No matter what you did yesterday, toda...

Why is Michael Yardney still working? | Learn the Money Habits of the Rich Making money and creating wealth to achieve financial freedom is usually the reason why people invest in property. This means that property is really just a vehicle for attaining money and that's one of the reasons today's show is about money. I'm going to segment this show into three parts. If you're like many other listen...

If you are looking at buying a new home or investment this year, odds are you'll have to consider buying a property at auction. So today we discuss the process of what to do before, during and after a property auction, including some great tips of what to do if the property passes in. And even if you're not planning to buy at auction in the near future, listen in as I discuss the psychology of neg...

What's the right investment strategy now that we've moved to the next stage of the property cycle? When it comes to property investing, you will often hear two conflicting philosophies. Some say you should invest for capital growth, and others say you should invest for positive cash flow. Now that we are in a period where capital growth is going to be lower, more investors are wondering if they sh...

We all have dreams for the future, and many of those dreams require money to make them come true. So today we discuss some ways to get smart about money and help you get on track with your financial goals. Whether you are just starting out on your way to financial freedom, or you're stuck along the way and even if you're doing really well with your financial goals today's show is for you. Because...