Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

What's really going to happen to our property market? Are they going to crash like many economists and market commentators suggest? I recently read a headline suggesting the recent unemployment figures will be the final knockout blow for our housing markets. Now I agree the RBA will keep ramping up interest rates, which will further stunt consumer confidence because, of course, that's what it is intended to do. And yes…property values will fall, but how much will they fall, and how worried should you be? That's what leading independent financial advisor Stuart Wemyss, and I discuss in today's podcast. To make things clear, we are not eternal optimists, and I believe will offer you a realistic view of the risks ahead and the supporting fundamentals. I hope that at the end of today's show, you'll be able to sleep a little better. 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: How scared should you be about the property crash ahead? With Stuart Wemyss

Australia is in the middle of a rental crisis. But interestingly, in the month of July, asking rents for houses didn't increase. Is the end of the rental increase after the spectacular rent increases of the last year or so? Far from it, and in today's podcast Dr. Andrew Wilson and I discuss some interesting unintended consequences that are going to occur from the various governments' interference in our housing markets that will affect our rental markets. 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: Here's why our rental crisis will only get worse, with Dr. Andrew Wilson

What makes an A-grade Home? That's one of the questions we answer in today's question-and-answer podcast with Belinda Botzolis. We also answer the question of whether this is the right time to buy, sell, or hold – which is a question on the mind of many home buyers and investors. Belinda has been a valuer for over 16 years and now brings her passion and years of experience to her role as one of the Property Strategists at Metropole, and I'm sure you'll find her answers insightful. Links and Resources: Michael Yardney Belinda Botzolis – Senior Property Strategist Metropole Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get your bundle of free eBooks and reports at www.PodcastBonus.com.au Shownotes plus more here: Should I buy, sell or hold Q&A day with Belinda Botzolis

If there was a baby boom in the 1950s then there must be a baby bust in the 2020s as Boomers exit the workforce. No, it's not that the Baby Boomers are expected to die in droves in the coming decade, it's that they're right now exiting the workforce at a faster rate than Millennials and their successors are entering the workforce. And this has only been made worse by our locked borders because of the pandemic. To understand what this means for our economy and our property markets today I'm joined by leading demographer Simon Kuestenmacher who'll give us insights into his latest research into what's ahead. Links and Resources: Michael Yardney 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 personalized 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: Demographics suggest that there's going to be a skills drought, with Simon Kuestenmacher

In today's show, I want to discuss with you the five levels of investing, a framework that I have created to help you understand where you are on your journey and to help you make sure you reach the top level as a successful investor. Then I'm going to share some interesting information with you about the tsunami of wealth Baby Boomers are expected to leave their children. Do you understand the Five Levels of Investing? If you want to become a successful property investor, you really need to understand the five levels of investing. I've created a model to explain the progression most investors take in their path to developing financial freedom. Level 0 – The Spender Level 0 are really not investors – they tend to be spenders and borrowers and as a result, end up with a high level of debt. A large part of our adult population falls into this category and they will never become wealthy unless they do something radically different. Level 1 – The Saver Most people who are not spenders will generally be what I call savers. Their main investment is their home, which they aim to pay off over time. Sometimes they save a little, squirreling away a few dollars of what's left over after paying tax but in general, they save to consume, not to invest. They will get the most leverage by investing in themselves and getting a quality financial education and beginning to build a network of peers whom they can make the journey with. Level 2 – The Passive Investor Level 2 investors have become aware of the need to invest. They realize their superannuation won't get them through retirement, so they learn about investment and accumulate assets. While they are generally intelligent people, they are still what I would call financially illiterate – they don't really understand the rules of money. They must unlearn the flawed, incorrect, and misguided lessons they have learned about money and wealth from unqualified teachers. Level 3 –The Active Investor Level 3 investors realize that they must take responsibility for their financial future and become actively involved in their investment decisions. They become financially literate by building a knowledge base of investment strategies and techniques. Level 3 investors usually leverage the time and expertise of a network of industry professionals as they realize that they can't do it all themselves. They also upgrade their network of advisors and peers, often joining a Mastermind group of like-minded people. Level 4 – The Professional Investor A very small group of investors move to the top rung of the ladder and become a Level 4 "professional" investor who has built and now manages a true investment business. A Level 4 investors' property investment business has a substantial asset base that generates sufficient recurring passive income to pay for their lifestyle costs. They keep growing their investment portfolio whether or not they work in a real job. These professional investors don't hand control of their investments over to others; they retain control whilst employing a proficient team: accountants, finance brokers, property managers, solicitors, and property strategists who have great systems that achieve repeated and consistent results, which are reliable and predictable. This gives Level 4 investors the freedom to choose whether they get up in the morning and go to work or not. Asset Growth first, then income stage It's important to understand that the first stage in becoming financially free is to educate yourself; the next stage is that of asset accumulation – your job as a Level 3 investor is to build a sufficiently large asset base to fuel your "cash machine". Then, only when you have grown a substantial asset base, do you transition into the cash flow (income) stage of your life as a level 4 investor. What is your Level of Wealth? Now it's time for some home truths. How far up the Wealth Pyramid are you? Where do you currently sit in this hierarchy of investors? Everyone starts at the bottom – at Level 0 – but not everyone makes it to Level 4. In fact, few do. But you can once you understand why the rich keep getting richer. What I want you to understand is that the "active" income you make (the pay packet you work for every day) has nothing to do with what level of investor you are and in fact is one of the worst predictors of wealth. One great thing about freedom is the freedom to choose to live the life you want to live. 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 heap of eBooks and reports here: - www.PodcastBonus.com.au Shownotes plus more here: Do you understand the 5 levels of investing? Some of our favourite quotes from the show: "Savers tend to be afraid of financial matters. They're generally unwilling to take risks." – Michael Yardney "You've got to go through the various stages to become financially independent." – Michael Yardney "Continue to work more on yourself than you do on your job so you become more valuable to your employer, which will help you earn more and also help you as an investor." – 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

We live in uncertain times, creating a lot of anxiety for investors. So, in today's podcast, which is one I recorded together with my good friend and share trading expert Louise Bedford, we talk about how to manage uncertainty. 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 Follow Dr. Andrew Wilson, Chief Economist My Housing Market on LinkedIn 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: 2 investing veterans share their tips to manage uncertain economic times, with Louise Bedford

Despite all the negative news in the media warning us of the worst property correction on record, my guest today Pete Wargent recently wrote a piece giving good reasons why our housing market downturn could be short-lived. Since Australia's economy and our property markets don't operate in isolation, each month, I take time out to have a look at the big picture, the macroeconomic factors affecting not just Australia but the world economy, in our attempt to give you a little more clarity on what's ahead. Once again, we will take a deep dive into what's happening in the world and Australia's economy, and our property market. Links and Resources: Michael Yardney 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: How long will this property downturn last |The Big Picture Podcast with Pete Wargent

Australia's property markets have experienced unprecedented demand over the last couple of years, despite tourists not coming from overseas, despite visa holders not coming, visa holders not coming, students not being here, and the borders being closed. And now despite the market cooling, rising costs and supply shortages are causing one of the worst housing crises in history. I don't know about you, but I've been reading about families forced to live out of their cars, in camper vans, and even in tents. And these are respectable people with reliable incomes and good rental history to boot. Today I'm going to share a couple of segments to help you understand what's going on. First, there's a replay of one of my recent Property Insider chats with Dr Andrew Wilson where we share his latest rental reports and what we believe is ahead for rental markets. Then I'm going to share some statistics from the census, including one that created a lot of furore about why there's a housing crisis when about 10% of properties were vacant on census night. I will give you some ideas to help you be a better investor. And of course, I'm going to share my popular mindset message. 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: A bleak outlook for renters is good news for investors with Dr. Andrew Wilson

We seem to have a new national obsession. It's even bigger than worrying about who's going to the football on the weekend. It's called "Which way are house prices heading next?" According to our big banks, Australians must brace for the worst housing correction on record as rising interest rates will strangle the property market. And while Australia's economic fundamentals are still strong, consumer confidence has taken a significant hit and that's affecting our housing markets with buyers being more cautious and many taking a wait-and-see approach, while sellers' confidence is more fragile. So, will property values fall 20 or 30%, as some banks suggest? Those topics are what we talk about in this week's Property Insider video as Dr. Andrew Wilson, Australia's leading housing economist and chief economist of MY Housing Market gives you his forecasts for our housing markets for the next 6 months. And considering his strong forecasting track record, I believe he's worth listening to. We also discuss some of the other property news that has happened over the week. 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 Follow Dr. Andrew Wilson, Chief Economist My Housing Market on LinkedIn 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: A leading economist's thoughts on those forecasts of a property market collapse, with Dr. Andrew Wilson

We all know that the rich keep getting richer, but the question is how can we learn from them? Sometimes it can seem as though rich people are born lucky with inevitable success ahead. But the reality is that anyone can become rich. It's not like they have any special secrets. After all, even the rich invest in property, shares, and business-like any other ordinary Australian. The difference between the rich and ordinary Australians lies in some simple things they do differently. That's what I've invited Mark Creedon, Founder of Metropole's Business Accelerator Mastermind to talk with me about today. 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 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: 7 ways the rich are getting richer, and how to join them, with Mark Creedon