Ten top tips for property and financial success
The Michael Yardney Podcast | Property Investment, Success & Money
Release Date: 09/02/2019
Believe it or not - more than one in four properties were purchased with cash in 2023. With Julie Toth
The Michael Yardney Podcast | Property Investment, Success & Money
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...
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Simon Kuestenmacher's Crystal Ball Demographic Forecasts and Real Estate
The Michael Yardney Podcast | Property Investment, Success & Money
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...
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5 ways to ensure your property investments outperform this cycle
The Michael Yardney Podcast | Property Investment, Success & Money
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: Get the team at to help build your personal Get a bundle of free reports and eBooks – ...
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Unravelling Australia's Rental Crisis with Dr. Andrew Wilson: Insights & Endgames
The Michael Yardney Podcast | Property Investment, Success & Money
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...
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3.7% Unemployment: Has Australia Kissed Rate Cuts Goodbye? Dr. Andrew Wilson Weighs In
The Michael Yardney Podcast | Property Investment, Success & Money
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...
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19 Brutal Truths about Property Investment That No One Else Will Tell You with Brett Warren
The Michael Yardney Podcast | Property Investment, Success & Money
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: ...
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Wealth Building Strategies from Australia's Premier Wealth Retreat with Brett Warren and Pete Wargent
The Michael Yardney Podcast | Property Investment, Success & Money
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...
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Is Australia growing too fast? Population Booms and Their Price with Ross Elliott
The Michael Yardney Podcast | Property Investment, Success & Money
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...
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Our No-Nonsense Big Picture Podcast About the Economy and Property Markets, with Pete Wargent
The Michael Yardney Podcast | Property Investment, Success & Money
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...
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Don’t Fall for the Trap: Navigating the Minefield of Financial Scams with Stuart Wemyss
The Michael Yardney Podcast | Property Investment, Success & Money
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...
info_outlineToday’s show’s going to be a little different.
I’ve asked Ahmad Imam, Director of Metropole in Sydney, to share with us his top ten videos, some of which have gone viral on LinkedIn.
Ahmad is prolific on social media and has tens of thousands of followers. His short videos contain some great tips on properties and finance.
I’m also going to read you a poem - something a little different in my mindset moment.
Ahmad’s Top 10 Videos
- Are you too old to invest in real estate?
It takes a minimum of 10-15 years to achieve a level of financial independence through property.
So, let me break it down:
- If you’re starting to invest in your 20s - You have all the time in the world.
- If you’re starting to invest in your 30s - You have plenty of time.
- If you’re starting to invest g in your 40s - You still have enough time.
- If you’re starting to invest in your 50s - You have to start NOW!!
- If you’re starting to invest in your 60s - Too late
- What is your biggest asset?
One question I always ask my clients is “What is your biggest asset?”
And the answer they always give is either:
▪️ Their Home
▪️ Or their investment Portfolio
▪️ Or their Car
And those answers are wrong. Your biggest asset is actually your ability to generate income
- Negotiation Tip – Play Dumb
When negotiating, playing dumb is a smart thing to do.
▪️ Do not act like an expert
▪️ Ask a lot of questions
▪️ Confess ignorance or confusion
▪️ Ask for guidance and advice
▪️ Channel your inner Columbo
Your goal is to gather as much information as you can and get a more detailed understanding of the other person's situation, goals and restrictions. Now you’re ready to negotiate!
- 3 things you need to be a successful investor
Property investment is not a get rich quick scheme and those who have been successful in property investment work with 3 core fundamentals:
- Leverage – using other people’s money (the banks) to help build an asset base.
- Compounding – focusing on high growth assets that grow faster the longer you leave them.
- Time – the more time you have the more compounding can occur.
Don’t reinvent the wheel. Keep it simple!
- How to double the value of your property?
You can’t just buy any property and expect it’s going to double in value in 7-10 years
In fact, most do not
Only 1-2% of properties on the market are what I would classify as investment grade.
Enter the Rule of 72.
- Negotiation Tip – Always be willing to walk away
If you were to ask me what is your No.1 tip for negotiation?
I would say, without hesitation:
ALWAYS BE WILLING TO WALK AWAY!
- Negotiation Tip – Be assertive
Don’t be afraid to ask for what you want.
Power negotiators are assertive and challenge everything - they know that everything is negotiable.
Please Note: There is a big difference between being assertive and being aggressive.
- Negotiation Tip – Shut Up & Listen
Most people are so busy trying to ensure you hear what they have to say, that they forget to listen
A Power Negotiator is like a detective. They will ask you a probing question and then they will sit back and listen.
And allow you to tell them everything that they need to know
Focus on the 70/30 rule. Listen 70% of the time and talk 30% of the time.
- The biggest lie in property?
I must admit... It always makes me chuckle when I hear someone use the term ‘The Australian property market’, or ‘The Sydney property market’.
It also gets on my nerves. Why?
Because there is no such thing as ‘one’ property market. Fact!!
- Negotiation Tip – Don’t be in a hurry.
Many of us either have a lack of patience... or we are so uncomfortable with a negotiation that we just want to get it over and done with.
That won’t lead to a good outcome
If you’re in a rush, you’ll make mistakes and you’ll also leave money on the table
Show you’re not in a hurry and the other negotiator will likely give you an incentive to say YES
The more patient you are...the better deal you are likely to get.
Links and Resources:
Metropole Property Strategists
Metropole’s Strategic Property Plan – to help both beginning and experienced investors
Ahmad Imam – Metropole Property Strategists Sydney
Some of our favourite quotes from the show:
“Interestingly, when you retire, the majority of your assets are not going to be money that you’ve saved, it’s not going to be your superannuation, it’s going to be the tax-free capital growth that you get out of the assets.” – Michael Yardney
“Past performance doesn’t always equate to future performance.” – Michael Yardney
“You can’t take money with you when you leave, but I guess you must have it, just to know for sure.” – Michael Yardney
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