Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Is Australia growing too fast? That's the question we're going to ask today. Joining me today is Ross Elliott, a seasoned urban development commentator whose recent article has stirred the pot by highlighting the consequences of Australia's population surge, especially in hotspots like Southeast Queensland. His insights shed light on the pressing issues that come with the significant growth Australia is experiencing. Our conversation uncovers the historical layers of urban density policies and how these affect the development of sufficient infrastructure, such as schools and utilities. We also consider the social inequalities that may deepen because of this rapid growth and discuss the government's plan to construct 1.2 million new homes. Since you're most likely interested in the future of the Australian housing market, this is an important topic for you to learn about. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports – www.PodcastBonus.com.au Find Ross Elliott's blog here Join us at Wealth Retreat 2024 on the Gold Coast in April 2024 – click here to find out more Shownotes plus more here: Is Australia growing too fast? Population Booms and Their Price with Ross Elliott

I feel sorry for property investors trying to make headway in real estate. They face the hurdle of significant media misinformation, which is underwhelmingly and unnecessarily discouraging, and social media which is full of "pretend gurus" who are prepared to sell you their secrets to instant riches in property. In my mind, they're selling you tickets to see unicorns. Despite the information available in the media and on the Internet, the number of investors who succeed in developing financial freedom through property has not increased over the years, so my recommendation is to tune out the white noise and be selective in who you listen to. I suggest you look for evidence-based analysis. That's why I enjoy my monthly Big Picture podcasts with Pete Wargent, who brings decades of perspective to his views. Today, we will be discussing a raft of macro and micro economic factors that should give you some clues as to what's ahead for our housing markets. Links and Resources: Metropole's Strategic Property Plan – to help both beginning and experienced investors Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Pete Wargent's blog Join Pete and me at Wealth Retreat – www.WealthRetreat.com.au Shownotes plus more here: Our No-Nonsense Big Picture Podcast About the Economy and Property Markets, with Pete Wargent

In an age where financial transactions have largely moved online, the prevalence of financial scams has surged, catching many Australians off guard. The Australian Competition and Consumer Commission reports that Australians lost a record $3.1 billion to scams in 2022. This is an 80 per cent increase in total losses recorded in 2021. This staggering loss highlights not just the cunning of scammers but also their ability to adapt to changing technologies and exploit new vulnerabilities. So, in today's podcast with independent financial advisor Stuart Wemyss, I want to ask him how to spot the signs of a scam. Our conversation today is an eye-opener, revealing common tactics scammers use to exploit the digital landscape and deceive individuals. We touch on personal experiences and the various types of scams, such as phishing and false billing. Whether you're an experienced investor or a beginner, this episode is packed with practical insights and data-driven predictions to help you make informed decisions. Amidst sharing these insights, we underscore the significance of safeguarding personal and financial information and discuss how banks' robust security measures, though sometimes inconvenient, are critical in protecting us from these fraudulent activities. Links and Resources: Michael Yardney Stuart Wemyss – Prosolution Private Clients Stuart's Book – Rules of the Lending Game & Investopoly Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Join us at Wealth Retreat 2024 – www.WealthRetreat.com.au Shownotes plus more here: Don't Fall for the Trap: Navigating the Minefield of Financial Scams with Stuart Wemyss

In today's episode of the Michael Yardney podcast, I explore the power of positivity in wealth creation together with Tom Corley, the co-author of my international best-selling book, Rich Habits, Poor Habits. We'll be dissecting Tom's blog post "Don't Let Others Infect You With Their Negativity," and discussing how a positive mindset is about more than just feeling good – it's an important factor in successfully investing in property and building wealth. We'll also talk about how you can apply Tom's principles to your own property investment and wealth journey. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Tom Corley's blog Get your copy of Rich Habits, Poor Habits here- www.RichHabitsPoorHabits.com Join us at Wealth Retreat 2024 at the end of April – www.WealthRetreat.com.au Shownotes plus more here: Rich habits for real estate success: Tom Corley's approach

I've often said that demographic changes will be more important in shaping our property markets in the medium to long term than the ups and downs of interest rates or the vagaries of our economy, so I am pleased to have leading demographer Simon Kuestenmacher back on the show. Simon is a co-founder of The Demographics Group and a master in interpreting data and trends to forecast how societies evolve, and his insights are pivotal for anyone interested in property, lifestyle changes, and investment strategies. Today, we talk about what's ahead over the next 10 years and how each generation will experience the year 2033. Together, we'll delve into demographic shifts, technological influences on living spaces, and the impact of economic policies on housing trends. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Simon Kuestenmacher – Director, The Demographics Group Follow Simon on Linked In Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Join Simon and me at Wealth Retreat – www.WealthRetreat.com.au Shownotes plus more here: From Boomers to Zoomers: Simon Kuestenmacher's Analysis of Decadal Shifts in Property

Hindsight is a wonderful thing, isn't it? Knowing what you know now, what would you have done differently if you had the opportunity to invest in property 10, 20, or even 40 years ago? Well, I've been investing for decades, which gives me the perspective to see patterns in the chaos that many others see in the world of property and their economy at the moment. Join me on a reflective journey back to 1980 as I share a treasure trove of insights from my property investment odyssey. Listen in as I draw parallels between past economic challenges and today's landscape, underscoring the importance of perspective and pattern recognition for successful investing. You'll hear candid stories of my own property investment triumphs and missteps, aiming to arm you with direction and certainty for the often unpredictable property markets. This time, it's a solo session—just you and me—unpacking the timeless wisdom that has stood the test of decades in the property investment realm. Wealth Through Walls: Lessons from a Lifelong Property Investor In this episode, listeners will be taken on a journey through the evolution of the real estate market and gain insights into the strategies that have stood the test of time. From understanding market cycles to the nuances of Australian property investment, we explore many lessons I wish I knew starting out and the triumphs and challenges that have shaped my approach to building wealth through real estate. ● The importance of perspective and pattern recognition in navigating the property investment landscape ● Economic challenges and market fluctuations over the past 40 years ● The significance of long-term wealth strategies, asset protection, and risk mitigation ● The pitfalls of applying foreign investment strategies to the Australian market ● Leveraging compounding, renovations, and strategic debt to manufacture capital growth ● Distinguishing investment-grade properties and the science and art of property investment ● Emphasizing location, the right property type, and avoiding the crowd for capital growth ● The psychological resilience required to succeed in the unpredictable real estate market ● Continuous learning and adapting to changes are essential components of a successful investment philosophy This episode is a must-listen for anyone looking to deepen their understanding of real estate investing, whether they are seasoned investors or just starting out. Hopefully, today's show can provide a roadmap to building a robust property portfolio and achieving financial freedom through smart and strategic real estate decisions. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports – www.PodcastBonus.com.au Join us at Wealth Retreat 2024 on the Gold Coast in April 2024 – click here to find out more Some of our favorite quotes from the show: "Over the years, another lesson I learned was that every year we get hit by an X factor, an unforeseen event or situation, something that blows away all our carefully laid plans." – Michael Yardney "Often the first 10 years of investing are wasted making mistakes and learning what not to do, following the wrong path, taking the wrong strategy or not having any strategy." – Michael Yardney "And when you expect to fail, fear loses all its power over you. When you no longer fear failure, you feel empowered to take action."– Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

It has become more and more challenging for Australians to find a rental home since the pandemic started. Availability has plunged and rental rates have skyrocketed by as much as 33% in capital cities. Some locations show the vacancy rates moving up slightly in recent months, but the rental market is far from balanced, and this results in a headache for many tenants. Last year, there was a Senate inquiry on the rental crisis. Today's guest, Nicola McDougall, chair of the Property Investment Professionals of Australia (PIPA), says that their recommendation was a waste of money. Listen to our discussion as we talk about why, discuss the state of the rental markets, and consider what's ahead. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports – www.PodcastBonus.com.au Join us at Wealth Retreat 2024 on the Gold Coast in April 2024 – click here to find out more Results of PIPA's Annual Sentiment Survey Shownotes plus more here: The Federal inquiry into the rental crisis was a "waste of taxpayers' money, with Nicola McDougall

A tenth of the year is already behind us, and as a person who's interested in the property market, you're probably wondering what's coming over the remainder of the year. My guest today is Dr. Nicola Powel, Domain's Chief of Research and Economics, and she'll give you some insights into what's coming by discussing Domain's most recent reports and what they say about current developments in the housing and rental markets. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Dr Nicola Powell, Domain's Chief of Research and Economics Domain's Rental report Domain's Home Price Report Get a bundle of eBooks and reports – www.PodcastBonus.com.au Shownotes plus more here: Unravelling Domain's Latest Housing Reports: Insights from Dr. Nicola Powell

In this month's Big Picture episode of the Michael Yardney Podcast, Pete Wargent and I dissect the multitude of macro-economic factors currently shaping our housing markets and the broader economy. There's a lot to discuss today including the latest inflation data, this month's RBA's interest rate decision, and what both these mean for the future of interest rates and our housing markets. Links and Resources: Metropole's Strategic Property Plan – to help both beginning and experienced investors Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Pete Wargent's blog Join Pete and me at Wealth Retreat – www.WealthRetreat.com.au Shownotes plus more here: Our no-nonsense Big Picture Podcast about the economy and property markets with Pete Wargent

In today's podcast we're venturing into a fascinating area that intersects with both wealth creation and the human psyche. We've all heard of self-sabotage, but have you ever wondered why some of the most intelligent and capable individuals hit an invisible ceiling in their property, investment, or business ventures? Why do some people, despite their knowledge and skills, only reach a certain level of success? Well, today, we're diving deep into what I like to call your 'wealth thermostat' - a concept that suggests our early experiences and beliefs set a sort of psychological temperature for the level of wealth and success we're comfortable with. Joining me today is Jackson Milan – The Wealth Mentor. Jackson has a unique insight into how our childhood experiences and subconscious beliefs shape our financial destinies. So, whether you're looking to break through your own financial barriers, understand the psychology behind wealth creation, or just curious about why we do what we do with our money, this episode is for you. Links and Resources: Michael Yardney Jackson Millan – The Wealth Mentor at Aureus Financial Aureus Wealth Scorecard Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports = www.PodcastBonus.com.au Join us at Wealth Retreat 2024 www.WealthRetreat.com.au Shownotes plus more here: Breaking Your Wealth Barrier: Resetting Your "Wealth Thermostat" with Jackson Millan