Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

What's ahead for Australia for the balance of this decade? That's what I discuss today with leading demographer Simon Kuestenmacher. Forecasting is important because it can help us to make better investment and financial decisions. If we have a sense of where the world and our economy are going, we can prepare better. In theory, that's what forecasting should do. In practice, it's much harder as the world keeps throwing surprises at us. But if you've heard my chats with Simon before, you'll know how he shares great insights, so if you are interested in property investment, or just the future of our country and how it will relate to you, your job, and your prosperity I'm sure you'll get benefit from my chat so welcome to this week's show. Links and Resources: Simon Kuestenmacher - Director of Research at The Demographics Group If you're keen to buy your next home or investment property, why not get the team at Metropole to build you a personalised Strategic Property Plan – this will help both beginning and experienced investors. Get a bundle of eBooks and reports here: www.PodcastBonus.com.au Shownotes plus more here: Here's what Australia's aging population crisis means for us, with Simon Kuestenmacher

Today's podcast initially started as a regular question and answer session with Ken Raiss where we answer your queries, but it ended up being a discussion on the role of property investors based on a comment made by a friend of Ken's who said that "property investors are the scum of the earth feeding off poor tenants." While I'm sure as somebody interested in property, you'll have your view on this, I think you'll enjoy my chat with Ken today as we initially answer Grant's question about whether Australia will fall into recession. Now I know we've discussed this before, but the world has changed since then, and then you hear our opinions on whether property investors are the scum of the earth or how they fulfill a critical role in the Australian housing market. Links and Resources: Michael Yardney Ken Raiss, director Metropole Wealth Advisory Have a chat with Ken Raiss to ensure you have the correct asset protection strategies in place – click here In turbulent times like we're experiencing why not get the team at Metropole on your side to give you holistic property and wealth advice– find out more here Why not get your bundle of E books and resource is as a is my gift for subscribing to this podcast www.PodcastBonus.com.au Shownotes plus more here: Property Investors are the scum of the earth + Will we fall into recession – With Ken Raiss

Property investment has lost its appeal for 45% of Queensland investors, according to the latest Property Investor Sentiment Survey by PIPA. The survey found many investors are selling up, and quite a few feel they are longer in control of their assets. I'm sure you'll still find my chat with Nicola McDougall, Chair of the Property Investment Professionals of Australia interesting, especially as you compare yourself with what other Australian investors are planning to do. 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 Nicola McDougal's Book - The female Investor PIPA Annual Property Investor Sentiment Survey 2022 Shownotes plus more here: Property Investment has lost its appeal, with Nicola McDougall

One of the best parts of being involved in the property markets is that I'm continually learning. However, one of the things I've learned from history is that we don't learn from history. How often have you heard people say this time is different when really it isn't? Some things just don't change. In today's podcast, I chat with Brett Warren, national director of Metropole and we discuss some of the lessons I've learned from history and talk about some things that don't change to help give you some clarity and direction in these interesting challenging markets. Links and Resources: Michael Yardney Brett Warren – National Director Metropole Property Strategists 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 Shownotes plus more here: The 4 most dangerous words in property investment, with Brett Warren

Who do you ask for property investment advice? With so many mixed messages and vested interests, who can you really trust? And in today's property markets, there are very few advisers who have the perspective of having lived through and successfully invested in several property cycles and understand how to take advantage of the current stage of the property cycle. Yet there is a new breed of so-called property experts emerging. So, what's the threshold for being able to call yourself an expert? Usually, experts have years of experience in their chosen profession. They're at the top of their industry, and they shape the path of progress. And yet, there's no shortage of so-called "property experts" and buyers' agents whose only real experience seems to me they've done a short course and really love property. The rise of these so-called "advisors" coincided with the practice of personal branding on social media. While social media has undoubtedly created fantastic opportunities for real experts to connect and share their knowledge, it has also opened the floodgates for a tsunami of self-titled "property experts" looking to flog their books, consulting sessions, training programs, or online courses. So, in today's show, Mark Creedon and I are going to share some advice from Warren Buffett. As I said, don't take advice from somebody you wouldn't trade shoes with, and I bet you'd love to be in his position. The bottom line. These are only a few of the thoughts from probably the most quoted investor. I could easily have made the list twice as long but use these as motivation to think differently. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Why not join Metropole's Business Accelerator Mastermind Learn more about Mark Creedon – Business Coach to some of Australia's leading entrepreneurs Get a copy of Mark's new book here – Have a Business not a Job Get a bundle of eBooks and reports – www.PodcastBonus.com.au Shownotes plus more here: What would Warren Buffett do? 15 ideas for smarter investing in these challenging times, with Mark Creedon

It's been an interesting few weeks full of economic news which has led to a lot of uncertainty about the future of our economy and our property markets. If you're a regular listener you'd know that once a month I catch up with leading economic commentator Pete Wargent for these Big Picture podcasts when we look at the macro factors affecting our economy and our property markets, and we've got a lot to discuss today. Interesting, only a couple of minutes after we recorded this show, the Queensland Government did a backflip and repealed its outrageous Land Tax, so even though we spend a couple of minutes talking about this in today's show, this tax is no longer a concern, however the underlying tendency for Governments to see property investors as an ATM hasn't really gone away. And in other good news Governor Philip Lowe is easing his foot off the economic brake to take time to assess the impact of the most aggressive monetary policy tightening since the early 1990s. The RBA sensibly dropped back to a 0.25% hike this month taking the cash rate to 2.6%. While it's likely we'll have one or two more 0.25% rate hikes, it looks like the peak of interest rate increases is in sight, and in today's show you'll hear Pete Wargent and me give you our thoughts on what that means for our property markets. I also chat with Pete about the latest US inflation figures and interest rate hikes there which spooked the markets as there was no sign that underlying inflation is abating and the probability of a recession in the USA increasing. You may remember that Reserve Bank Governor Philip Lowe warned that a deteriorating global economy would make it hard for Australia to achieve a "soft landing" due to the economic buffeting that is underway. At the same time, he also said he would not be surprised if house prices fall 10 per cent from their peak. But then only a day later Jonathan Kearns Head of Domestic Markets at the RBA suggested the falls could be 15%. But I don't necessarily agree with them, and I explain why in today's show. 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 new Podcast Pete Wargent's blog Shownotes plus more here: Investing is getting harder; should I get out?| October 2022 Big Picture Podcast

We are now in the cooling-off adjustment phase of the property cycle. And if you believe most of what the media tells you, it's all to do with interest rates. But I don't agree. So, to help you understand what's ahead for our property markets and why the markets won't crash like some are suggesting, I want to share with you myriad financial, social, and political factors which impact what your family home, or your next investment property, might be worth to show you that it's a lot more than interest rates. Links and Resources: Michael Yardney If you're keen to buy your next home or investment property, why not get the team at Metropole to build you a personalized Get a bundle of eBooks and reports here:- www.PodcastBonus.com.au Shownotes plus more here: The 7 biggest influencers of our property markets

Our property markets couldn't look more different from this time last year if they tried. Gone are the frenzied buyers gripped by FOMO, housing markets in which prices rose by $1200 a day, and auctions that routinely finished millions of dollars over their reserve. Last year's scenario of never-ending price rises has been replaced by rapid-fire interest rate rises (with more to come), slowing or falling prices (depending on your postcode), and a general sense of trepidation. If you're a buyer, do you sit on your hands and wait for prices to fall? Or do you buy now before interest rates and inflation rise even more, reducing your borrowing power and spending capacity? If you're a seller, do you list now and meet the market before prices possibly fall further? Or do you hold off, assuming there will be less for sale in a few months, meaning fewer homes to compete with? In other words, what's the right thing to do now – buy, sell, or hold? That's what I ask leading financial advisor Stuart Weymss, in today's show. 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 Shownotes plus more here: Here's why now is a good time to buy your next property, with Stuart Wemyss

It's been an interesting month full of economic news. Recently the latest US inflation figures spooked the markets as there was no sign that underlying inflation is abating Then back home, Reserve Bank Governor Philip Lowe warned that a deteriorating global economy would make it hard for Australia to achieve a "soft landing" due to the economic buffeting that is underway. He is also worried that businesses are using inflation as a cover for even higher prices. And speaking of the property markets, he explained he would not be surprised if house prices fall 10 percent from their peak. He also said the RBA wasn't to blame for housing affordability issues - blaming the choices made by society. There's a lot to unpack from Governor Lowes' speech so in today's show Dr. Andrew Wilson and I discuss this plus lots more. 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 Dr. Andrew Wilson, Chief Economist My Housing Market Subscribe to our weekly Property Insiders videos – www.PropertyInsiders.info Get your bundle of eBooks and reports at www.PodcastBonus.com.au Shownotes plus more here: RBA interest rate warning: the global signs aren't good, with Dr. Andrew Wilson

If you're a regular listener to this podcast, you know that I often say demographics will drive our destiny, not just with regard to property, but for Australia and the world as a whole. In today's podcast I chat with leading demographer Simon Kuestenmacher about the composition of Australia's population moving forward. It seems we're going to have more older people and proportionately fewer young people, so how do we grow our economy with fewer young people, and what do falling birth rates mean? If you've heard my chats with Simon before, you'll know he shares great insights, so if you're interested in property investment, or just the future of our country and how it will relate to you your job and your prosperity, I'm sure you'll get benefit from our discussion. Links and Resources: Simon Kuestenmacher - Director of Research at The Demographics Group If you're keen to buy your next home or investment property, why not get the team at Metropole to build you a personalised Strategic Property Plan – this will help both beginning and experienced investors. Get a bundle of eBooks and reports here:- www.PodcastBonus.com.au Shownotes plus more here: Australia's aging population crisis is almost upon us, with Simon Kuestenmacher