Avsnitt
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Today, we're diving into a topic that's making waves in the property market.
I’m joined by Julie Toth, Chief Economist at PEXA, to discuss the findings of their 2023 Cash Purchases Report, which sheds light on a startling trend: over a quarter of residential properties in Australia's eastern states were bought with cash in 2023.
These cash buyers were immune to interest-rate heights and in a market typically swayed by mortgage rates and lending criteria, so together with Julie, we'll explore the implications of this trend, the profile of these cash buyers, and what it all means for the future of the Australian property landscape.
From potential impacts on housing affordability to the ripple effects on the broader economy, we're set to uncover some truly eye-opening insights.
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
Details of Pexa’s 2023 Cash Purchases Report are here.
Shownotes plus more here: Believe it or not – more than one in four properties were purchased with cash in 2023 with Julie Toth
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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’m 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.
Recently Simon wrote a series of articles in The New Daily outlining the changes he sees ahead for us in the next decade and what these shifts mean for our future.
We shift our focus today to Australia's economic future, considering our ties with China and how the evolving global Chinese middle class will interact with our exports amidst demographic challenges. We then dissect the educational landscape, discussing the potential impact of an over-saturated university graduate market.
As society changes, we also discuss shifts in media consumption habits and concerns over AI's influence on news quality. If you’re a property investor or a business owner, you’ll want to understand what these trends mean for you, and like all my regular chats with Simon, this conversation promises to be thought-provoking.
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
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: Simon Kuestenmacher’s Crystal Ball Demographic Forecasts and Real Estate
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Saknas det avsnitt?
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In today's episode, I'm going to share two lessons with you.
The first is five ways I'm going to ensure that my property investments outperform this cycle. Hopefully, I’ll be able to give you some ideas for your investments as well.
Next, I'm going to share one thing you need to change to become a more successful property investor.
Regular listeners know I usually have guests on the show, but sometimes I just want to have a chat between you and me. That's what this show is about.
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 free reports and eBooks – www.PodcastBonus.com.au
Join us at Wealth Retreat – www.WealthRetreat.com.au
Shownotes plus more here: 5 ways to ensure your property investments outperform this cycle
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If you're interested in property, you'll know that our rental markets are in crisis.
Vacancy rates have dropped to all-time lows, rental stock remains extremely slim, and rental prices continue to skyrocket.
So how did we get into this rental crisis? How long will it last, what does it mean for you and me as a property investor, and are there some ways the government or regulators can alleviate this crisis?
In today's episode, I discussed this with Dr. Andrew Wilson, the Chief Economist of my Housing Market. Andrew is a bit controversial, but I think together we've come up with some ideas of how to solve or at least alleviate the crisis.
However, let me make one prediction: the government won't do any of those because they're not politically suitable or favorable. Anyway, let's talk about the rental crisis and what it may mean to you as a property investor, as well as what's ahead for our housing 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
Get a bundle of eBooks and reports – www.PodcastBonus.com.au
Join Dr. Andrew Wilson and me at Wealth Retreat 2024 on the Gold Coast in April 2024 – click here to find out more
Shownotes plus more here: Unravelling Australia’s Rental Crisis with Dr. Andrew Wilson: Insights & Endgames
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Sometimes good news is bad news.
The good news about our unemployment figures and the number of new jobs created is, in some ways, bad news for those hoping for interest rates to drop.
So what does the latest data mean for interest rates?
How does the Reserve Bank even decide what to do with rates?
What are the factors involved in their decision-making process?
That's what Dr. Andrew Wilson, Chief Economist of My Housing Market, and I discussed today. We chat about what's ahead for interest rates and why he's concerned that the Reserve Bank may not drop interest rates anytime soon.
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 Dr. Andrew Wilson and me at Wealth Retreat 2024 on the Gold Coast in April 2024 – click here to find out more
Shownotes plus more here: 3.7% Unemployment: Has Australia Kissed Rate Cuts Goodbye? Dr. Andrew Wilson Weighs In
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In today’s episode, I’m not holding back.
I’m going to tell you some brutal truths about property investing.
That includes some of the things that can go wrong. Some of the frustrations of being a property investor, and some of how slick marketing can lead you astray.
Stick with me, though, because It's not all negative. Brett Warren, National Director of Metropole, joins me to help you understand what could go wrong to ensure you know what to avoid so things don’t go wrong. That way, you can enjoy the success a small group of successful property investors enjoy.
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
Brett Warren - National Director Metropole
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
Join Brett and me at Wealth Retreat – www.WealthRetreat.com.au
Shownotes plus more here: 19 Brutal Truths about Property Investment That No One Else Will Tell You with Brett Warren
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Why do some people seem to effortlessly grow their wealth while others work hard but continue to struggle?
I've got something a bit different an for you in today's episode. Together with Brett Warren, national director at Metropole and financial whiz Pete Wargent, we give you a sneak peek behind the curtain and help you understand the lessons we learned from Wealth Retreat last year.
While we're talking about wealth, it'll be interesting at the end of it when you work out what our emphasis was. It wasn't investment and, it wasn't property. Listen in as we share with you the biggest lessons we've learned.
Links and Resources:
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 – click here and learn more and register your interest.
Shownotes plus more here: Wealth Building Strategies from Australia’s Premier Wealth Retreat with Brett Warren and Pete Wargent
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Now inflation has been tamed and interest rates have peaked, many market commentators and property economists are updating their forecast for 2024.
While the media loves sharing short-term forecasts, the longer-term outlook is more important for investors as it better aligns with their investment horizon.
Investors should consider where the market will be in 10 years, rather than where interest rates will be in six months.
However, in today’s podcast, I discuss the dominant influences on our housing markets for 2024 with independent financial advisor Stuart Wemyss, founder of Prosolution Private Clients. We’ll break down the influence of inflation and interest rates on real estate trends, while also considering the broader implications of economic changes.
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: How interest rates are reshaping our property markets in 2024, with Stuart Wemyss
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In today’s show I'll discuss the complexities of Australia's housing market with my guest Mike Mortlock, the director of MCG Quantity Surveys.
In our conversation today, we spoke about lots of interesting things that will give you some insights into our housing market.
In particular, we explore a disturbing “tall poppy syndrome” narrative that’s taken place over the last little while. It puts property investors in the role of villains who are against the Australian dream of home ownership, and we believe this is an unfair and inaccurate portrayal.
We explain why that’s inaccurate and tell politicians it’s time to stop picking on property investors.
We also talk about the rental crisis, what's ahead for our property markets, and Mike’s views on what will happen with AI and the property 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
Mike Mortlock – MCG Quantity Surveyors
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: Stop picking on property investors with Mike Mortlock
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Have you set big goals for yourself in investing or business in 2024? Is financial freedom part of your plan?
Today’s show is a continuation of a two-part series where Mark Creedon and I explore 18 Wealth Lessons from Morgan Housel’s great book The Psychology of Money.
Housel tells us about the principles of behavioral finance rather than property strategy or finance tips. The psychology of investor behaviors can help you understand why some make successful moves while others don’t, and help you create the right wealth habits and mindset for yourself.
In the last show, we discussed 9 wealth lessons in the first 9 chapters of the book. Mark and I continue on today with the rest of the chapters. No matter where you are on your financial journey, today’s show will help you on the way to financial freedom and property, investment, and business success.
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 Mastermind Business Accelerator
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
Subscribe to Mark’s Mastermind for Business Podcast here
Get a bundle of eBooks and reports – www.PodcastBonus.com.au
Join us at Wealth Retreat 2024 – find out more and register your interest – www.WealthRetreat.com.au
Shownotes plus more here: Pocketing Prosperity: Exploring Morgan Housel’s Wealth Wisdom Part 2
- Visa fler
