The Top 10 Must-Ask Questions Before Your Next Property Investment with Brett Warren
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast
Release Date: 08/05/2024
The 10 Most Important Life Lessons of a Property Investor with Adam Hubbard
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast
What if someone handed you the answers before you sat the exam? That's essentially what today's guest is doing. After decades of personal property investing and working alongside hundreds of investors at Metropole, Adam Hubbard has distilled everything he's learned - the wins, the near-misses, and the lessons that only time and experience can teach - into 10 principles that could genuinely reshape how you approach building wealth through property. These aren't theories. They're hard-won truths from someone who has lived through multiple market cycles, seen investors...
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Domain’s 2027 Property Forecast: Which Markets Set to Rise and Fall | Dr Nicola Powell
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast
Australia’s property market has changed gears again. For the last few years, we’ve had a market driven by strong population growth, a chronic shortage of homes, tight rental markets and buyers who were desperate to get in before prices moved further away from them. But according to Domain’s latest FY2027 Forecast Report, we’re now entering a very different phase. Sydney and Melbourne house prices are forecast to fall over the next year, and Canberra is also expected to soften. At the same time, Brisbane, Adelaide and Perth are still forecast to...
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Property Prices Are FALLING — Is This The Crash That Some Predicted? | Dr.Andrew Wilson
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast
House prices are falling across most of our capital cities right now, and the rate of decline is actually picking up speed. Now, I know what the headlines are going to say about that. They'll call it a crash, a correction, a crisis — and frankly, most of those headlines will be written to scare you, not inform you. So what's really going on? Is this the beginning of something serious, or is this just a market catching its breath after three extraordinary years of growth? Today, I cut through the noise as I am joined by Dr. Andrew Wilson Chief Economist at My...
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How to Retire Without Selling Your Best Investment Properties
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast
You can be wealthy on paper and still feel poor in retirement. That’s the challenge for many property investors: they’re asset-rich, but their cash flow doesn’t support the lifestyle they want. That’s why many investors think retirement means selling down the portfolio, paying off the debt, and living on what’s left. But what if that’s not the smartest strategy? What if the better outcome is keeping your best assets and restructuring around them? That’s what I discuss today with Dorian Traill, Wealth Planner at Metropole, who has been involved in property and...
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Einstein's 7 Rules for Building Wealth Through Property (And What Most Investors Miss)
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast
Most people think building wealth through property is about being smart enough to pick the right suburb, time the market perfectly, or analyse the data better than everyone else. What if the most important lessons weren't about property at all? Albert Einstein never bought a house as an investment. He never negotiated with a bank or agonised over a depreciation schedule. But buried in the things he said across his lifetime are some of the clearest, sharpest principles I've ever come across for thinking like a long-term investor. In this episode, I speak with Joseph...
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What Robert Kiyosaki Got Right (and Wrong) About Property and Wealth Creation, with Ken Raiss
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast
Today, we’re diving into the wisdom, And perhaps the warnings, Of one of the most iconic voices in personal finance, Robert Kiyosaki. Now, you’ve probably heard his famous advice: 'Buy assets, not liabilities,' or his stories about the Rich Dad and the Poor Dad. But here’s the thing - hile Kiyosaki’s early lessons transformed the way many of us think about money, his more recent tone has taken a darker turn. But today, Ken Raiss, Director of Metropole World Advisory, and I discuss, what’s still relevant, what’s changed, and how can we apply his insights to today’s...
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The Forever Test - the one principle behind long-term property wealth | Stuart Wemyss
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast
Most investors say they’re long-term investors. But then they check auction clearance rates every weekend, worry about the next interest rate decision, chase the latest hotspot, and get distracted by whatever the media says is working right now. And that’s a problem, because real wealth rarely comes from the investment that looks exciting today. It comes from owning the right assets for long enough to let compounding do the heavy lifting. In today’s show, I’m going to chat with independent financial adviser Stuart Wemyss about what he calls “The...
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My Property Investment Philosophy Explained | Michael Yardney
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast
Today's podcast is a little different as it is a replay of a discussion I had with Joey D'Agata on the Property Strategy Podcast about the evolution of my investment philosophy and the lessons learned over the five decades I've been involved in property. We explored my investment philosophy and how my thinking has evolved over time and the lessons I've learned as I progressed from being a beginning investor to a sophisticated investor with a substantial property portfolio. We discuss the importance of strategic planning in property investment and how it can lead to long-term...
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10 Brutally Honest Money Lessons I Learned the Hard Way, with Ken Raiss
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast
What if you could sit down with someone who’s spent over 50 years investing, building wealth, making mistakes, and getting it right… and ask them what they wish they’d known about money from day one? Most people think building wealth is about finding the right investment or timing the market perfectly. But after more than 50 years of investing, I can tell you that’s not what really makes the difference. The biggest financial mistakes I’ve seen – including some of my own – didn’t come from bad markets. They came from misunderstandings about money itself....
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The 7 Biggest Myths About Rich People & Why Believing Them Keeps You Broke | Tom Corley
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast
Most people have strong opinions about rich people. They think the wealthy are lucky. Or greedy. Or born into privilege. Or somehow wired differently. But here’s the problem… if you believe any of that, there’s a good chance you’ll never build real wealth yourself. Because those stories aren’t just wrong – they’re dangerous. Today, Tom Corley and I discuss the common myths surrounding wealth and the psychology of successful individuals. We discuss the importance of mindset, the role of luck, and the common misconceptions about...
info_outlineOn today’s episode, I chat with Brett Warren about asking the right questions before buying that next property because doing that can make all the difference between a profitable venture and a costly mistake.
I’m sure you've heard me say before that property investment is a process, not an event, and the property that you're going to eventually buy should be the physical manifestation of a whole lot of decisions you make. So, in today's episode, we're going to explore the top 10 questions you've got to ask before making that next big purchase, and they're going to help you evaluate potential investments and understand market dynamics.
We're going to try and make sure that you set yourself up for long-term success.
So, by the end of this episode, you should have a comprehensive checklist to help you make informed and confident decisions in your property investment journey.
Essential Questions to Ask Before Your Next Property Purchase
● Does this property fit into my long-term investment strategy?
o Ensuring that the property aligns with your long-term financial goals and risk profile is essential for sustained success in property investment.
● Have I created a comprehensive investment strategy?
o A documented and proven strategy helps you make informed and confident decisions, reducing the likelihood of costly mistakes.
● What is the true value of the property?
o Understanding the property's value through recent comparable sales and intrinsic values helps set realistic market value thresholds and avoid overpaying.
● What are the current market trends in the area?
o Knowledge of market trends ensures that you are investing in an area with strong growth potential and avoids the pitfalls of investing based on outdated or unreliable data.
● Have I secured pre-approval for finance?
o Pre-approval provides clarity on your budget, strengthens your negotiating position, and ensures you can make a firm offer without finance contingencies.
● Do I understand the local area and its growth potential?
o Local expertise is crucial for making informed decisions and understanding factors that can affect the property's value and rental demand.
● Is the property investment grade?
o Not all properties are suitable for investment. Investment-grade properties offer strong capital appreciation, and steady cash flow, and are in high demand.
● What is the cash flow and repayment capacity for this property?
o Understanding cash flow and having a financial buffer is essential to handle unexpected expenses and ensure you can manage the property sustainably.
● What ownership structure is best for this property?
o Choosing the right ownership structure can optimize tax benefits and provide asset protection.
● Have I conducted thorough due diligence on the property?
o Assessing body corporate fees, potential structural issues, and other hidden costs helps avoid surprises and ensures the property is a sound investment.
● Am I approaching this decision as an investor or am I emotionally involved?
o Emotional decisions can lead to poor investments. Staying objective and focusing on the property's financial viability is crucial for long-term success.
Hopefully, after listening to this episode you’ve learned insights and tools you can use to enhance your investment journey and ultimately reach your financial goals. By asking these questions, you can make well-informed decisions that align with your investment goals and mitigate risks in your property investment journey.
Links and Resources:
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
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Some of our favourite quotes from the show:
“It’s not as simple as some of the people tell you on social media. You can't buy 10 properties in 10 minutes, but if you have the right strategy, you definitely can outperform the markets .” – Michael Yardney
“I've often said I don't think I've ever bought a bargain. By the way, in today's very informed market, if it looks like a bargain, be very wary .” – Michael Yardney
“Complaining is not for winners in life. You must focus on what you can do, not what you can't do. You must focus on opportunities, not on difficulties.” – Michael Yardney
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