Property Investment, Success & Money | The Michael Yardney Podcast

Have you wondered how you could turn your passive property investments into a thriving, active portfolio? Most property investors adopt a buy-and-hold approach, but some are looking to become more active and get involved in property renovations or small developments. In today’s I’m chatting with Greg Hankinson, director of Metropole Constructions, a seasoned player in the construction industry, who has over a thousand property renovations and 300 homes to his credit. Greg offers his insights into the world of property renovations and development and shares his expertise on adding value to investments, the potential risks, and the benefits of investing in property renovations. Whether you're an experienced investor or just starting out, this episode will give you some insights into becoming a more active property investor. Links and Resources: Michael Yardney Why not chat with Greg Hankinson – Director Metropole Constructions – please leave your details here Get the team at Metropole to help build you become an armchair property developer – find out more here. Get a bundle of eBooks and reports = www.PodcastBonus.com.au Shownotes plus more here: A Builder’s take on the Do’s and Don’ts of property renovations & townhouse developments. With Greg Hankinson  

It’s taken 200 years for Australia to reach the size we know today. Will we double that in just 60 years? It’s hard to imagine, but in this podcast episode, demographic expert Simon Kuenstenmacher explores Australia's possible population doubling in the next six decades and the impact on cities and property demand. In our chat today, we talk about the future of Australian cities, the importance of medium-density housing, and investment in Australia's changing property market. Is this growth sustainable? How do we keep our lifestyle standards in the face of these changes? And if you're interested in property investment these trends will be essential for you to understand. 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 Shownotes plus ore here: Reshaping Australian Cities for a Sustainable Future with Simon Kuestenmacher

While many Australians are keen to invest in property to secure their financial future, the statistics clearly show that most investors fail to achieve their goals. That may be because of the many market myths and misconceptions that mislead even seasoned investors. In today’s show Brett Warren, the National Director of Metropole Property Strategists, and I will debunk 19 common misconceptions and myths about property investment. By the end of the episode, you’ll have gained valuable insights into the Australian residential real estate market, strategic long-term planning, and the critical role of financial buffers. 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: MythBusters: Debunking 19 Investment Myths You Thought Were True with Brett Warren  

While you are probably here to learn about property investment, finance, or money, today I’ve got something a little different but exciting in store for you. If you're an entrepreneur, investor, or anyone charting their path towards personal growth and success, this episode is an absolute must-listen. You've probably heard the name Seth Godin—a best-selling author and a guy who genuinely understands the mechanics of personal and business success. In this episode, Mark Creedon and I will do an in-depth exploration of Seth Godin's 14 game-changing ideas. One of the reasons Seth Godin's ideas resonate so well is that they challenge traditional thinking. They push us to question the status quo and consider how we can be not just different, but better—better investors, better businesspeople, better individuals. 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 Shownotes plus more here: Seth Godin’s Wisdom: A Roadmap for Property Investors and Entrepreneurs with Mark Creedon

We've all heard about booms and busts, bubbles, and sudden market shifts. But what if I told you that these aren't just random occurrences? What if these market dynamics are a manifestation of our inherent psychological biases, fears, and desires? What if the property market isn't a perfect, rational machine but a complex, living organism driven by the collective emotions of those who participate in it? In this episode, we'll explore the fascinating intersection of psychology and economics. Let’s unpack how our emotions, cognitive biases, and herd mentality can influence the property market, leading to irrational decisions and potential market overcorrection. The Hidden Forces Behind Australia's Housing Markets The interplay of human psychology, emotions, and inherent biases greatly influences the ebb and flow of the property market. As we journey into the fascinating world of real estate investing, understanding these psychological underpinnings is vital in making informed and rational decisions. Whether you're a seasoned investor or a first-time homeowner, this episode explores the intriguing connection between human behavior and real estate market dynamics. In the realm of real estate investment, emotions such as fear, greed, overconfidence, and wishful thinking play a significant role. They influence the way we approach and respond to market trends, and often lead to market overcorrections and irrational decisions. Property investing is not just about numbers and facts. It's also about understanding human emotions and behaviors and how they shape market dynamics. By gaining insights into these psychological factors, you can navigate the property market more effectively, make rational decisions, and ultimately, turn market imperfections to your advantage. ●       The interaction between psychology and economics in real estate markets ●       The cycles of the property market and how long they last ●       The psychological underpinnings of fear, greed, overconfidence, and wishful thinking in property market dynamics ●       The perils of cognitive biases in property market investment ●       The role of emotions, herd mentality, and inherent biases in irrational decision-making ●       The importance of an independent property strategist in sticking to investment plans ●       The emotional rollercoaster investors experience throughout the market cycle ●       The imperfections in the property market, including unequal access to information, the unique nature of every property, and barriers to entering or exiting the market ●       Insights on how to navigate market imperfections to spot overlooked opportunities ●       Emphasis on the importance of maintaining a long-term perspective, diversification, and having an experienced team in successful property investment The Cognitive Biases that Impact Investment Decisions: ●       Confirmation Bias: Seeking information that confirms your existing beliefs. ●       Recency Bias: Placing undue importance on recent events. ●       Herd Behaviour: Follow the crowd; doing what everyone else is doing, particularly in times of uncertainty. ●       Emotional Investing: Allowing emotions to play a crucial role in investment decisions rather than relying on rational analysis. ●       Greed and Fear: Greed can drive investors to take on too much risk during a boom while fear can lead to overly conservative investment choices in a downturn. ●       Overreaction: Markets tend to overreact to news and events, resulting in price fluctuations. Investors who are aware of this tendency can sometimes capitalize on these irrational movements. By understanding the human emotional landscape and how it impacts real estate markets, listeners can equip themselves to make better investment decisions and take advantage of market imperfections. 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 Geta. copy of my best-selling book: How to grow a multimillion dollar property portfolio – in your spare time. Some of our favorite quotes from the show:  “You see as individuals, we're not rational. Well, we're not rational when it comes to money and investing.” – Michael Yardney “What I'm saying is that investors, in general, have cyclical emotions over the couple of years of the property cycle.” – Michael Yardney “But on the other side of that challenge, on the other side of that difficulty, that's where the reward lives, and those that battle through the challenges get to reap the rewards.” – 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    

Australia's housing market continues to defy expectations. Do you remember when commentators tried to scare us about mortgage stress, a fixed mortgage rate cliff, and even a recession? Yet despite the challenges thrown at them, property values in our combined capitals have kept rising, even if they’ve slowed down over the last few months. This resilience has sparked a shift towards a landlord's market with Australians moving house less often. Today’s episode features Dr. Nicola Powell, Domain's Chief of Research in Economics, and our conversation will help prospective homebuyers, seasoned investors, and other curious listeners understand some interesting trends. 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 Tenure 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 today's question-and-answer episode, I’m joined by Ken Raiss, director of Metropole Wealth Advisory to answer questions posed by our listeners.  Together, we dive into the world of property investment and development, discussing the various financial and legal implications of property joint ventures and the benefits of setting up self-managed super funds. Ken shares valuable advice on property investment structures, tax planning, and strategies to avoid costly mistakes. 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: Smarter, Not Harder: Advanced Tax Strategies for Savvy Investors with Ken Raiss  

Welcome to this month’s Big Picture episode of the Michael Yardney Podcast, where financial analyst Pete Wargent and I dissect the macroeconomic factors currently shaping our housing markets and the broader economy. Today we cover a broad spectrum of topics from the effects of policies and taxes on the real estate market to the state of distressed listings and the fears surrounding a 'mortgage cliff'. Whether you're an investor, a homeowner, or just a curious mind, this monthly deep-dive promises to keep you informed and ahead of the curve. 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 Shownotes plus more here: Confused about the economy and our property markets? Big Picture Podcast with Pete Wargent    

We're living in a world where words often fail us, where what's unspoken sometimes matters more than what's said. In the intricate dance of business and negotiation, understanding body language can be an exceptional advantage. It can help you read situations accurately, handle conflicts effectively, and build genuine relationships. My guest today is Allan Pease, a globally recognized expert in body language, who has spent decades studying, analyzing, and teaching the delicate art of non-verbal communication. Allan is not just an expert, he's a sought-after consultant, a best-selling author, and an engaging speaker who has transformed the lives of thousands by unlocking the secrets hidden in our gestures, expressions, and subtle movements. Pease is renowned for decoding the secrets of body language and using it to gain a competitive edge in business negotiations, property deals, and personal relationships. Imagine having the power to read situations accurately, manage conflicts, and navigate complex conversations - all through understanding non-verbal cues. So, our chat today will be valuable for you not just in property negotiations but in business, in your job, and in your personal life. We're going to delve deep into the world of non-verbal cues, what they mean, and how you can use them to your advantage. Understanding Body Language with Allan Pease In our conversation, Alan provides a deep dive into the secrets of non-verbal communication, discussing the power of body language in different scenarios such as business, negotiations, and personal relationships. He also highlights the impact of gender differences in communication and the shift in communication dynamics in the wake of the pandemic. From discussing video call etiquette to the role of goal setting in achieving financial success, Alan’s practical advice will enrich your professional and personal life. ●       How Alan got started in body language ●       How understanding body language can provide a competitive edge in different situations, including o   Business deals o   Property negotiations o   Personal relationships ●       Gender differences in communication and how they impact various situations ●       Awareness of non-verbal cues, particularly in a digital age where face-to-face interaction is often replaced by video calls ●       The impact of the pandemic on communication ●       Video call etiquette and appropriate dressing in digital communication o   Where to keep your hands when you’re on video o   Practical tips on how to appear confident and convincing in video calls ●       Importance of clear communication and goal setting for financial success ●       The Reticular Activating System (RAS) and how it can help in achieving goals ●       The importance of listening more and talking less to improve communication effectiveness By understanding and mastering non-verbal communication, you can enhance your professional and personal life and set yourself on the path to 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 Allan Pease Allan & Barbara Pease’s Mastering Body Language Course Get a bundle of eBooks and reports – www.PodcastBonus.com.au Some of our favorite quotes from the show: “We are all different and that's good, and it's actually good that we're recognizing we're all different and equal in certain ways, but different, that's fine.” – Michael Yardney “You're negotiating continuously with your wife, who takes out the rubbish at night, what TV show you're watching. You're negotiating continuously with your kids. You've got to do these chores before you do the homework.” – Michael Yardney “You can't keep doing the things you've done before. You've got to learn, you've got to improve, you've got to grow every day.” – 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  

Is it better to invest in a house or an apartment? That’s an age-old question, but not one easy to answer. In fact, a few things have happened over the last few years that have caused investors to increasingly shy away from investing in apartments. So today, I'm going to discuss this topic with Brett Warren, national director of Metropole, and even if you're not considering investing in an apartment, I hope our general discussion about what makes a good investment property and what to avoid will help you no matter where you are on your investment journey. 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: Investment Face-Off: Apartments vs. Houses, Who Wins in Today’s Market? With Brett Warren