Property Investment, Success & Money | The Michael Yardney Podcast

As the Australian property market continues to defy expectations, financial analyst Pete Wargent joins me to unravel the complexities of its current landscape. Being the first Big Picture Podcast for the new year, I want to look at the clues in the news for what’s ahead for our economy and our housing markets in 2024. Insights into Australia's 2024 Property Sector and Economic Trajectory In this episode, Pete Wargent and I discuss: ●        How forecasts of housing market declines in early 2023 proved wrong and investors were wise to ignore them  ●        Supply and demand will continue to drive property markets in 2024 with shortages persisting ●        Interest rate hikes had a limited impact on property markets in 2023 and rates are now expected to peak and start falling  ●        Inflation is cooling in Australia and overseas which is positive for interest rates medium-term ●        The economy is slowing which reduces the chance of more rate hikes while also lowering the risks of cuts happening too fast ●        Population growth has surged to the highest levels since the 1950s, fueling massive demand for housing ●        The construction industry is in crisis and unable to deliver anywhere near the dwellings required ●        Foreign investment has fallen but build-to-rent may attract some overseas capital ●        Consumer confidence should rebound in 2024 as economic stability returns post-rate hikes  ●        Clarity that interest rates have peaked will be a positive psychological shift for buyers and investors 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 Join as at Wealth Retreat 2024 – www.WealthRetreat.com.au Pete Wargent’s blog Some of our favorite quotes from the show: “There's an under-supply of properties and various estimates that already we're starting with 100,000 - 120,000 under-supply of dwellings and we're just not keeping up. So our markets are going to be under-supplied for years to come. – Michael Yardney “But the big thing that changed towards the end of 2023 is that the Federal Reserve finally has just pivoted and it was pretty clear cut. They're basically done with hiking interest rates.” – Michael Yardney “If you cared at all, you're going to get some results. If you care enough, you're going to get incredible results.” – 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  

Location, Location, Location! In today’s podcast, we’re going to dive deep into the world of property investment and explore the importance of location in achieving long-term success. And more importantly, what makes an investment-grade location. Joining me today is Brett Warren, National Director of Metropole Property Strategists, to share his expertise and insights into what makes a great location for investment. Whether you're a seasoned property investor or just starting out, today’s podcast will provide you with valuable insights and practical tips to help you make informed decisions and achieve your investment goals in our changing property markets which are very fragmented. What to look for in an investment-grade location Location, location, location! I’m sure you’ve heard about the importance of location. In fact, you've probably heard me say that the location of your property will do around 80% of the heavy lifting of its capital growth. But what makes a great location for investment? That’s the topic I’d like to discuss today with Brett Warren National Director of Metropole Property Strategists. Factors that make an investment-grade location There are many factors to take into account when looking for your next investment property, but if you do your research to find an investment-grade location, you’ll be well on the way to making a good investment decision. Demographics The first factor to consider when choosing an investment-grade location is the demographics. At Metropole, we look for areas where resident incomes are growing faster than the state average. Supply and demand While a lot of people suggest population growth is a key driver of demand for property, it is important to look at the supply side of the equation. We like to invest in areas with a limited new supply of land or dwellings. That’s why we like to invest in the inner and middle-ring suburbs of capital cities.  Employment opportunities Employment opportunities are also a significant representative of a suburb’s investment value. If an area has a diverse range of employment opportunities nearby, it is more likely to attract and retain a population of working professionals and families, and this will maintain property values. Infrastructure and amenities The availability of infrastructure and amenities is another important factor contributing to what makes a location “investment-grade.”  Infrastructure refers to the basic services and facilities that support the local community, such as roads, public transport, and hospitals. Amenities, on the other hand, refer to the recreational and cultural facilities that enhance the quality of life in the area, such as parks, restaurants, and entertainment venues.  Walkability Investment-grade locations with easy access to shops and lifestyle precincts with high walkability will remain in high demand moving forward and have already seen more than 36% growth over the past 5 years.   Beauty, amenities, services, and walkability are all key factors that help set a high-value investment-grade suburb apart from the rest. Gentrification Gentrification is a process where a neighbourhood or an area is improved and redeveloped, leading to an increase in property values and slow displacement of older long-term residents due to rising housing costs. This process often starts with the influx of middle or upper-class residents, new businesses, and amenities, which attract further investment and development.  Gentrification is a positive factor for property investment because it brings economic benefits and improvements to an area which in turn creates more demand and therefore attracts higher prices for local properties. Attractive neighbourhoods character Another factor to consider for an investment-grade location is those neighbourhoods that have undergone gentrification and now have an attractive neighbourhoods character. This adds value to the neighbourhood and results in higher local property values because people are willing to pay a premium to live in attractive areas. Low crime rate Areas with a low crime rate are far more desirable to live in than those with a higher crime rate - people are willing to pay more to live in a safe suburb where you can live without fear of crime on your doorstep and this higher demand helps to support property prices. What are the different types of locations? Not all real estate locations are equal and just like there are different precincts on the Monopoly board, there are basically 4 types of locations where you could buy properties in the real world, and some are much more worthwhile than others. Discretionary locations These are the most expensive locations in our capital cities – the “established money” locations where most of the residents have lived for a long time and where many residents have paid off their home loans years ago. Aspirational locations These are the upper-middle-class areas and gentrifying locations of our big cities which would also be considered A-grade suburbs. Affordable locations This is where most homeowners and many investors look because that’s where they can afford to buy. However, sometimes investors buy in these suburbs because they are “advised” to buy at the cheaper end of the market. As an investor I would steer clear of these affordable locations – most of these will never gentrify in your lifetime and they will underperform with regard to rental growth and capital growth. Last choice locations In every city, there are suburbs where people live because they really have no choice. No one wakes up in the morning wanting to live in these suburbs, but social circumstances force them to. Of course, investors should steer clear of these locations. A final note… Remember that the location isn’t the only thing to consider. Owning the right property in that location is just as important. So be careful … don’t get stuck with an underperforming property in the wrong segment of the housing market, because if history repeats itself, and it most likely will, you could end up with a dud property that you will regret owning and have difficulty selling if you need to. 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 Some of our favourite quotes from the show: “Your future income’s going to be dependent on your tenant’s ability to pay rent, and higher rents over time.” Michael Yardney “There are jobs and there are jobs. And again, it’s not a judge of people, but Australia is becoming a knowledge-based society. People in the higher skill levels get paid a lot more.” – Michael Yardney “I’d rather own a family-friendly apartment, or a townhouse, in a good location than a house and land in a poorer location.”  – 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  

Our property markets are changing, and we’ve now moved into the adjustment phase of the cycle where there will be less capital growth and where, in many locations, property values are falling. So, what should a property investor do? Well, in today's show with Brett Warren, national director of Metropole Property Strategists, we talk about whether property investing is an art or a science, which you'll need to understand if you want to be successful in these more challenging times. And I share some major structural shifts that created property booms in the past and what I believe the next one is going to be. 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: Is property investing an art or science? With Brett Warren, Summer Series

It's the time of the year when many of us are looking back at 2023 to see what's ahead for our housing markets in 2024. I was recently interviewed by Aaron Christie-David of Atelier Wealth for his Australian Property Investment Podcast. We had such a great discussion I asked Aaron if I could replay this episode for you, followers of the Michael Yardney podcast. In this replay, you’ll hear my analysis of the Australian property market's performance in 2023 as well as educated predictions for 2024. Our discussion spans a variety of topics including the resilience of the market amidst rising interest rates, the increasing trend towards higher-density living, and the impact of government policy on homeownership. We also examine the urban infrastructure challenges posed by rapid population growth and consider innovative solutions to accommodate the demand for housing. Whether you’re a new or seasoned investor, listening to this episode will help you gain valuable insights and strategies for property investment, underlining the importance of a proactive approach and the right mindset for success in the ever-evolving landscape of real estate investment. Market Mastery: Unpacking Australia's Real Estate Trends In our conversation today, we explore the complexities of the Australian property market, discussing trends from the previous year and making predictions for the future. Our discussion spans a variety of topics, including the resilience of the market amid economic changes, the role of government policy, demographic shifts, and the challenges of urban infrastructure. ●        How 2023 went for Metropole ●        The dynamic Australian property market of 2023 and its resilience despite interest rate hikes ●        The government's influence on homeownership trends and the shift toward high-density living ●        The property market's surprising buoyancy and the role of cash-rich buyers in driving demand ●        Market indicators such as consumer confidence, auction clearance rates, and active bidders ●        Housing affordability and the localized rise in property values ●        Urban infrastructure challenges due to population growth and innovative housing solutions ●        Insights from an interview with Leilani Burra on demographic trends and the need for new homes ●        The importance of mindset and strategies for long-term success in property investment ●        Avoiding common pitfalls and the value of mentorship and professional guidance Whether you're a seasoned investor or just starting out, the insights and discussions in this podcast will equip you with the knowledge and foresight needed to navigate the property landscape with confidence. It's a treasure trove of information that underscores the multifaceted nature of real estate investment and the various factors that contribute to success in this field. 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 Aaron Christie-David -   Atelier Wealth Listen to the original Podcast here – The Australian Property Investment Podcast Get a bundle of eBooks and reports – www.PodcastBonus.com.au Some of our favorite quotes from the show: “One of the big, big changes at the beginning of this year is I stepped back from being CEO. I founded the company Metropole Properties in 1979, but we've been working with clients for almost 25 years now and I decided to step back and enjoy those things we're talking about.” – Michael Yardney “I'd rather bring people up through education, through better jobs, through more skills, through good incentives from the government to allow them to buy their homes as well.” – Michael Yardney “Usually, I've found that people who have had luck actually need to have the hubris, the ego, kicked out of them by the world doing it.” – 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 all belong to one - a demographic tribe, that is. In fact, Australia is one big country of many tribes. If you don't belong to the one, you don't survive. Some are easy to find: it might be your footy team or where you work, the way you vote, or the way you dress. But there’s another set of tribes that are of interest to property investors and businesspeople - the tribes and labels that demographers divide us into. Now I’m sure you’ve heard of Baby Boomers and Millennials, but have you heard of FIFOs or VESPAs, or the YOLO tribe?  And do you know what they mean and how understanding the demographic tribes can help you target your investments or business decisions? That's what I'm going to discuss in today’s show with leading demographer Simon Kuestenmacher. 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 of The Demographics Group Join us at Wealth Retreat 2024 – click here to find out more Shownotes plus more here: Do you understand the Demographic Tribes and how they influence our property markets With Simon Kuestenmacher, Summer Series

Are you looking at getting investment advice this year? How do you know who to ask? How do you know who to choose how to choose a property advisor, how do you know how to choose a buyers’ agent? These are some of the questions we answer in today's Q&A episode the first in the summer series of the Michael Yardley podcast. Whether you are just starting out and looking for guidance, or you have been investing for a while and want to take your skills to the next level, this week’s podcast is for you. 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 Join us at Wealth Retreat 2023 – click here to find out more. Shownotes plus more here: How do you choose a property advisor or a buyers’ agent, with Brett Warren, Summer Series  

Today I’d like to share 2 interesting topics with you. The concept for the first part of my chat came about from an email I received from a client who is confused. She was wondering in a market that's buzzing with self-proclaimed property investment gurus, how do you differentiate between genuine expertise and fortuitous luck? We live in an era where overnight success stories often mask the hard realities of investing and understanding these nuances could be the difference between sustainable success and an unfortunate mishap. Regular listeners would know that I usually have guests on this show, but every now and then I like to have a chat, just you and me, where I can share my thoughts and that's what's going to happen today as I'd like to give you my perspective on these overnight property millionaires. And then I’m going to share quite a long mindset message, but I believe a really important one. If you want to stand out from the crowd and be a successful property investor, or a successful entrepreneur, then this session will be for you, but please be warned it's a little heavy. And before you think Michael's gone all metaphysical on me, please persist and listen to my thoughts because if  I thought i could help you be more successful by showing the next property hotspot or another finance trick that’s what I would discuss- instead I'm going to let you into the secret of how you can get more success by changing. Changing what you may be think – listen in and you’ll find out. The Mirage of Overnight Property Millionaires Success and wealth creation take time. Drawing from the wisdom of renowned investing titans and underlining the significance of a shift in mindset, I’ll share the psychology of wealth and success and explore the role of sound advice in property investment. ●       Exploring the rise of self-proclaimed property investment experts and their potential pitfalls ●       The danger of attributing too much value to one success story ●       The four most dangerous words in investment ●       How to recognize when you’re an expert o   The ability to achieve continuous, repeatable results in different markets ●       The value of making detailed plans o   How Metropole can help. Mindset Message: What Holds Australians Back from Wealth Creation I discuss: ●       Shifting perspectives on wealth creation and the significance of your "wealth operating system" ●       How childhood programming and restrictive beliefs can be obstacles in wealth creation ●       The psychology of wealth and success, and how unconscious beliefs shape our relationship with money ●       The invitation to join us Wealth Retreat 2024 for a deeper exploration into successful property investment and development ●       The importance of sound advice in property investment and the dangers of relying on luck ●       Emphasizing the necessity of a clear strategy in property investment ●       The significance of adapting to change for successful wealth creation. It’s important to learn differentiate between skill and luck and identify the role of mindset and the value of sound advice and strategy in wealth creation. This will equip you with the tools you need to navigate the complex world of property investment and realize your wealth potential. 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 Some of our favorite quotes from the show: “I explained to her that this new breed of get-rich-quick experts are really just selling tickets to see unicorns because there's no secrets to getting rich quickly.” – Michael Yardney “I guess planning is bringing your future into the present, so you can do something about it now.” –Michael Yardney “Now I know you may be uncomfortable with me saying this, but the level of wealth you're experiencing at the moment is the level of wealth you're most comfortable with.” – 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

If you're most like most listeners of this podcast, you're looking to secure your financial future. I was interested to recently read that Australians think they need $650,000 in their superannuation to have a comfortable retirement. By the way, this would only give him $33,397 annual income - to me that's not a comfortable retirement and most Australians don’t even have this in their super anyway. I guess that's why more and more Australians are taking control of their financial future and setting up a self-managed super fund, but even that's not a guarantee of financial success. In today’s discussion, you'll get a chance to uncover the mysteries surrounding self-managed super funds. Ken Raiss, director of Metropole Wealth Advisory, and I talk about 9 common mistakes people make with their self-managed super funds. Whether you already own a super fund or are contemplating getting one, this discussion is tailored to serve you some pearls of wisdom that you wouldn't want to miss. Links and Resources: Ken Raiss, director of Metropole Wealth Advisory Have a chat with Ken Raiss to ensure you have the correct asset protection strategies in place – click here Why not get the team at Metropole on your side to give you holistic property and wealth advice– find out more here Get your bundle of E-books and resources as my gift for subscribing to this podcast   www.PodcastBonus.com.au Shownotes plus more here: Financial Fumbles: The Top 9 SMSF Mistakes You Could be Making, with Ken Raiss  

In today’s episode of the Michael Yardney Podcast, I’m joined by independent financial advisor Stuart Wemyss, and we tackle the great debate in property investment - the significance of rental yields versus capital growth. Stuart's insights, backed by years of experience and knowledge of Australia's property market, guide us through this complex topic.  We uncover what rental yields can reveal about a property's potential, debunk misconceptions about 'blue chip' suburbs, and emphasize the importance of strategic planning and a long-term approach. Links and Resources: Michael Yardney Stuart Wemyss – Prosolution Private Clients Stuart Wemyss’ blog mentioned in this show 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 Get a bundle of eBooks and reports – www.PodcastBonus.com.au Shownotes plus more here: What do rental yields really tell you about a property? With Stuart Weymss

Learn how Einstein's teachings can be applied to property investing and financial literacy. Discover the importance of education, caution, and action in successful property investing. Explore the power of knowledge and adaptation in property investing, as well as valuable money lessons for children. Express gratitude, promote the show, and mention sponsors.