Property Investment, Success & Money | The Michael Yardney Podcast

In this episode of Michael Yardney Podcast I’m joined by Brett Warren to challenge a common belief many beginning property investors hold: that those who bought into the market 20 years ago had it easy.   It’s a complaint I hear often—‘If only I had bought back then, property was so affordable.’   But what if we told you that investing in property has never been easy? The investors who succeeded weren’t simply lucky—they were those who stayed the course through thick and thin.  We’ll also share the story of Joseph, one of our clients who bought a 2 bedroom apartment in Marrickville, Sydney, back in 2008 and paid $280,000 for his property, which is now valued at nearly $1 million.     Takeaways        Investing in property has always been challenging, regardless of the era.        Long-term thinking is crucial for successful property investment.        Emotional resilience helps investors navigate market fluctuations.        A strategic plan is essential for achieving investment goals.        Quality assets should be prioritised over the quantity of properties owned.        Market cycles are inevitable; understanding them is critical to success.        Investors should focus on fundamentals rather than short-term data.        Education and self-improvement are vital for financial success.        Networking with experienced investors can provide valuable insights.        Patience and a long-term vision are necessary for wealth creation.   Chapters 04:39 Long-Term Focus and Patience in Investing 07:40 Emotional Resilience in Property Investment 10:28 The Importance of a Strategic Plan 13:31 Quality Over Quantity in Property Assets 16:47 Understanding Market Cycles and Trends 19:30 Navigating Interest Rates and Economic Factors 22:46 The Window of Opportunity in Property Investment 24:45 The Importance of Reading for Wealth   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    Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for  Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.  Shownotes plus more here: The Myth of ‘Easy’ Property Wealth – What Investors Need to Know, with Brett Warren Shownotes plus more here: The Myth of ‘Easy’ Property Wealth – What Investors Need to Know, with Brett Warren 

Our real estate markets have surprised many on the upside this year– especially considering high interest rate environment, but what lies ahead for our real estate markets now?  That’s what we discuss in today’s show  Looking back at how previous property cycles played out, I delved back into my memory to see what lessons I could learn from past property cycles I realised that I’ve probably learned more from the many mistakes I’ve made than from the things I got right.  Now there’s a powerful lesson in itself!  Anyway…in today’s show I share 4 key lessons I wish I’d learned earlier in my investment journey about property cycles.  Takeaways   ·       Understanding property cycles is crucial for investors. ·       The current property cycle began in 2023 and is still evolving. ·       Market sentiment often misguides investors about property cycles. ·       Quality properties outperform cheaper ones in the long run. ·       Different property segments react differently to market changes. ·       Allow for unforeseen events, or 'X factors', in investment planning. ·       Investors should focus on long-term strategies rather than short-term gains. ·       Investors should be cautious of crowd psychology in property markets. ·       Planning is essential for successful property investment.   Chapters   06:31 Market Sentiment and Its Impact 11:46 Diverse Property Markets 19:43 The X Factor in Property Investment 26:23 The Three States of Happiness 30:17 Introduction to the Podcast and Its Value 31:38 Encouragement to Share and Subscribe 32:05 Resources for Further Learning 32:27 Introduction to the Podcast and Its Purpose 32:59 Understanding Property Investment Strategies   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    Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for  Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.  Shownotes plus more here: 4 lessons about the property cycle all property investors must understand 

In this episode of Michal Yardney Podcast, I share Warren Buffett's Ovarian Lottery theory, which highlights how luck plays a role in shaping our circumstances and opportunities.   In general when we talk about success, we focus on hard work, talent, and determination, but Warren Buffett points out that luck plays an equally important role.  The circumstances of one's birth can significantly affect life outcomes, and the gap between the wealthy and the poor is widening.   Those born into wealth are more likely to continue accumulating it, while those without such support face greater challenges in building their own financial security.  While the world is getting richer overall, the gap between the wealthiest and poorest is widening, and this is reflected in the housing market and the broader economy.   The ovarian lottery has a lasting impact on society. By acknowledging its role, we can work towards a future where success is determined not by the circumstances of our birth, but by our efforts, talents, and the opportunities we create for ourselves and others.  I also discuss the concept of 'big rocks' in life, emphasising how vital it is to prioritise significant goals and tasks.   I stress the importance of gratitude and social responsibility, encouraging myself and others to reflect on our advantages and the significance of helping those in need.    Takeaways      Warren Buffett's Ovarian Lottery theory illustrates the role of luck in success.      Gratitude is crucial for appreciating one's circumstances.      Recognizing the advantages we have fosters empathy       Reflecting on our luck can lead to a more compassionate society.      Social responsibility is a moral obligation for the fortunate.      Big rocks are the essential tasks and goals in life. Prioritising big rocks leads to a more fulfilling life.    Chapters  00:59 The Importance of Humility and Gratitude in Success  01:30 The Ovarian Lottery Concept  04:22 Luck and Success: A Personal Reflection  07:42 Empathy and Social Responsibility  10:35 Gratitude and Life's Advantages  14:03 Understanding Big Rocks: The Foundation of Priorities  19:49 The Big Rock Story: A Lesson in Prioritization  23:04 Implementing the Big Rocks Concept in Daily Life  27:49 Understanding Property Investment Strategies    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    Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for  Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.  Shownotes plus more here: Investing Success Isn’t What You Think: Warren Buffett’s Mind-Blowing Secret Revealed

While the Reserve Bank of Australia has kept rates on hold yet again, the big question is—how much longer will this last?  And more importantly, when might we see the next rate cut?  With the local economy sending mixed signals, it seems that many economists are finding it increasingly difficult to predict the RBA’s next move. In fact, they keep changing their forecasts.  But it's not just our local factors in play.  Overseas developments, particularly the political shifts in the United States with a newly elected president, could have ripple effects that impact our rates here in Australia.  How will these global pressures influence the timing of any rate cuts? And what might it mean for property markets and investors looking to plan their next move?  That’s what I discussed today with Dr Wilson, chief economist of My Housing Market, in today’s podcast.  Takeaways ·       The RBA has held rates steady for the eighth consecutive month, but with economic signals unclear, economists are finding it increasingly difficult to forecast the next move. While many expect a rate cut next year, Dr. Andrew Wilson predicts it may not come until at least late 2025. ·       The RBA has indicated that inflation is unlikely to settle within its target range (2-3%) until 2026. With underlying inflation still above 3%, the RBA is expected to keep rates "restrictive" until inflation is sustainably under control. ·       Despite the cost-of-living pressures, the Australian economy remains resilient with a low unemployment rate, record-high workforce participation, and robust job growth. Retail sales are also holding strong, staying well above pre-COVID levels. ·       Political and economic shifts overseas, particularly in the U.S., could impact the RBA's future rate decisions, adding an extra layer of uncertainty for investors and homeowners trying to plan their next steps. ·       The latest ABS data shows a slight decrease in the total value of new housing loans in September, with a 0.3% drop to $30.2 billion. While investor loans fell by 1.0%, owner-occupier loans inched up by 0.1%. Investor loan values remain high in states with strong housing 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  Get a bundle of free reports and eBooks – www.PodcastBonus.com.au   Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for  Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.  Shownotes plus more here: What’s Next for Interest Rates? Dr. Andrew Wilson’s Predictions for 2025

In today’s show, Brett Warren and I dissect Warren Buffett’s investing principles, especially as they could apply to the Melbourne property market. We explore the value of long-term strategies, the importance of quality assets, and the need for solid cash flow. We also discuss market cycles, how interest rates affect investments, and why it’s essential to have a safety margin. Overall, we emphasise taking a strategic approach to property investment, aiming to build wealth steadily over time rather than chasing quick gains, discussing things like… · Long-term wealth building requires patience and strategic planning. · Market cycles are inevitable; timing the market is less important than “time in” the market. · Quality assets are essential for long-term capital growth. · Cash flow is crucial for sustaining investments during downturns. · Investing in desirable locations can mitigate risks. · A margin of safety protects investments from market fluctuations. · Understanding demographics and trends is key to successful investing. · Building a solid foundation takes time but pays off in the long run. · Having a strategic plan is vital for navigating the property market.    Links and Resources: Michael Yardney, founder of Metropole Brett Warren - National Director of Property at Metropole 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 Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.

Our housing markets have been remarkably resilient over the last year, despite high interest rates and even though the RBA didn’t drop interest rates this year, like many expected. With inflation falling faster than expected, there is now the anticipation of rate drops early next year and it seems that the gloom that descended on Australian consumers 2 ½ years ago is finally showing signs of lifting. What does this mean for our economy and housing markets? That’s exactly what Pete Wargent and I discussed in today’s show. We explore also the impact of government policies on property investment and analyze demographic trends affecting housing demand. The conversation also touches on the challenges within the construction sector and the outlook for property investment in Australia, particularly in light of immigration and economic predictions for 2025. Links and Resources: Michael Yardney – Metropole Property Strategists 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 Pete Wargent’s new book, The Buy Right Approach to Property Investing Pete’s other book – The New Wealth Way Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future. Shownotes plus more here: Key Trends Shaping Australia’s Property Market in 2025 | Big Picture Podcast with Pete Wargent

In this episode we discuss the findings of the 2024 Property Investment Professionals Association Annual Investor Sentiment Survey with Nicola MacDougall. We explore the current state of the property investment market, the challenges investors face, including rising holding costs and government policies, and the importance of having a clear investment strategy. The conversation also touches on the role of investors in the rental crisis, the perception of different states as investment-friendly, and the need for qualified property advisors in the industry. Links and Resources: Michael Yardney Nicola McDougall – chair of PIPA – download the PIPA Annual Investment survey https://www.pipa.asn.au/wp-content/uploads/PIPA_Investor-Survey-Report_2024.pdf here 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 Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future. Shownotes plus more here: Insights from the PIPA Investor Survey – with Nicola McDougall

I am about to shatter your very understanding of happiness. For some listeners, this may be discomforting; for others, this may be a revelation. In my chat with international best-selling author Tom Corley today, we will explain why wealthy people are happier. Now, I know they say money can’t buy happiness, but please bear with me as Tom and I discuss his Rich Habits research so you can understand what we’re on about. At the end of today’s show, you’ll realize this is not a judgment about rich or poor people, however, it will give you a guide just to how to get more out of your own life. 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 Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future. Shownotes plus more here: The truth behind why rich people are happier with Tom Corley

In today’s show, we answer one of the questions on almost every property investor's mind: "How long does it take for my investment property to cover its costs?" We all know property investment is a long-term game, but it’s easy to get frustrated when you’re pouring money into your investment and not seeing immediate returns. So, how long should we be prepared to wait? And what can we do to speed up the process? That’s what I’m going to ask my guest today, independent financial advisor and property expert Stuart Wemyss, director of Prosolution Private Clients. So, if you’ve ever felt frustrated by the ongoing expenses of your investment property or wondered if you’re on the right track, you won’t want to miss 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 Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Also, please subscribe to my new podcast, Demographics Decoded, with Simon Kuestenmacher. Just look for Demographics Decoded wherever you listen to this podcast and subscribe so we can unveil the trends shaping your future each week. Shownotes plus more here: Is Your Investment Property a Money Pit? When It Will Finally Start Paying You! With Stuart Wemyss

Today is another of our popular question-and-answer shows. It's the replay of a recent webinar where Ken Raiss, Brett Warren, and I answered a wide range of questions asked by the participants. Today’s show covers strategies and considerations for building a strong property portfolio amidst economic challenges. Whether you're looking to invest in Melbourne's promising market or curious about the financial strategies needed to secure your investments, this episode offers a wealth of knowledge tailored for both seasoned and aspiring property investors. Links and Resources: Michael Yardney Why not get the team at Metropole on your side to give you holistic property and wealth advice– find out more here Brett Warren - National Director Metropole Ken Raiss, director Metropole Wealth Advisory Have a chat with Ken Raiss and the team at Metropole Wealth Advisory to secure your financial future – click here Get Ken Raiss’ report: Your Guide to Understanding Ownership Structures & Trusts – just click here Get your bundle of E-books and resources as my gift for subscribing to this podcast   www.PodcastBonus.com.au Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future. Shownotes plus more here: Ask the Experts – Answers to your property questions with Ken Raiss and Brett Warren