The Forever Test - the one principle behind long-term property wealth | Stuart Wemyss
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast
Release Date: 06/20/2026
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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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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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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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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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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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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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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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...
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If you’ve been following the headlines, you’d be forgiven for thinking property markets rise and fall on the back of interest rates, government policy, or the latest migration numbers. But when you step back and look at what really drives long-term property performance, a different story starts to emerge. In fact, the biggest driver of property values isn’t what most commentators focus on at all. In today's show I speak with leading demographer Simon Kuestenmacher about the real drivers of property markets. We explore why employment, not just population...
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The property market has just taken an interesting turn. After a strong run, we’re now seeing signs that higher interest rates, affordability pressures and buyer uncertainty are starting to bite. But as always, the headline numbers don’t tell the full story. Some markets are slowing, some are still showing resilience, and underneath it all we still have the same big issue: Australia simply isn’t building enough homes for the people who need them. So today, Dr Andrew Wilson and I unpack what’s really happening in our housing markets, what the latest...
info_outlineMost 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 Forever Test” - a simple but powerful filter for making better investment decisions.
We discuss how short-term media distractions can hinder true wealth creation.
And we highlight the significance of focusing on assets with strong fundamentals and staying power.
Join us as we delve into the power of compounding capital growth over decades.
Takeaways
• Long-term investment strategies reduce emotional decision-making and enhance wealth growth.
• The "Forever Test" helps identify investments with enduring value and potential.
• Compounding capital growth significantly increases asset value over extended periods.
• Short-term market reactions often undermine long-term financial stability.
• Strategic investors prioritise fundamentals over fleeting market trends.
• Location and structural demand are crucial in property investment success.
• Patience and discipline are key to navigating market volatility.
• Quality assets in prime locations offer better long-term returns.
• Emotional decision-making can lead to costly investment mistakes.
• Understanding demographics aids in selecting investment-grade locations.
Links and Resources:
Answer this week’s trivia question here - https://www.propertytrivia.com.au/
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About The Michael Yardney Podcast | Property Investment And Wealth Creation Australia
The Michael Yardney Podcast is one of Australia’s leading property investment podcasts, helping investors understand the Australian property market and build long-term wealth through strategic property investing.
Each week we explore:
• Australian property market updates
• Property investment strategies in Australia
• Melbourne property market trends
• Sydney property market forecasts
• Brisbane property investment opportunities
• Capital growth property strategies
• Property cycles in Australia
• Negative gearing and tax strategy
• Interest rates and their impact on property
• Buyer’s agent insights and investment planning
If you’re serious about building a high-performance property portfolio and creating financial freedom through real estate, this podcast will give you the clarity and strategy you need.
Learn more at:
https://propertyupdate.com.au
https://metropole.com.au