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BONUS: 8_ Steps_ to_ profitable_renovations .mp3

Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Release Date: 08/07/2017

Winter Property Market Shock: Prices Fall Nationwide | Dr.Andrew Wilson show art Winter Property Market Shock: Prices Fall Nationwide | Dr.Andrew Wilson

Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

July has delivered the clearest evidence yet that Australia’s property market has changed direction, but the headline figures only tell part of the story.   Capital city house prices fell by 1.5 per cent over the month, the sharpest national decline since August 2022, while Sydney recorded a particularly significant fall of 2.7 per cent.   Melbourne house prices are now almost 6 per cent lower since the beginning of the year, and prices also declined across Brisbane, Adelaide, Perth and Darwin during July.   Yet look beneath those monthly figures and Australia still has...

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Property Investors: The Inflation Number You're Told Is Lying to You | Ashley Owen show art Property Investors: The Inflation Number You're Told Is Lying to You | Ashley Owen

Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

You’ve probably heard the media, politicians and economists talking about “the inflation rate” as though every Australian is experiencing the same increase in their cost of living.   But the official CPI figure may bear little resemblance to what is happening in your household.   Because here's the uncomfortable truth. That headline number is an average. It's a blend of everything from lettuce to laptops, and if your money goes on housing, health care, insurance and electricity rather than imported gadgets and clothing, your real cost of living has probably been running well...

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The Property Investment Rule Stuart Wemyss Had to Rewrite show art The Property Investment Rule Stuart Wemyss Had to Rewrite

Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Most investors think the goal is to eventually build a portfolio that throws off enough passive income to live on.   It sounds sensible, doesn’t it? Buy assets, collect the rent or dividends, and one day replace your salary.   But what if that idea is not only outdated, but mathematically inefficient?   What if chasing income too early actually leaves you with less wealth, less flexibility, and more risk in retirement?   Today I’m joined by Stuart Wemyss who back in 2018, published Investopoly, built around eight golden rules for building wealth.   Since...

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The Off-the-Plan Property Trap - Why the Finance Nightmare is Worse Than You Think | Dorian Traill show art The Off-the-Plan Property Trap - Why the Finance Nightmare is Worse Than You Think | Dorian Traill

Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Right now, thousands of Australian property investors are being drawn to off-the-plan properties like moths to a flame. And I understand why.   After the 2026 Federal Budget changes to negative gearing and capital gains tax, new properties are suddenly looking very attractive. The marketing is glossy, the tax benefits sound compelling, and the salespeople are convincing.   But here's what those salespeople won't tell you. Signing that contract is the easy part. What happens over the next two years - and at settlement - can financially ruin you.   Today, I'm chatting with Dorian...

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25 Wealth Rules I Learned After 50 Years in Property (Most People Break Rule #6) show art 25 Wealth Rules I Learned After 50 Years in Property (Most People Break Rule #6)

Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Today, I want to share 25, let's call them commandments, for financial wealth and success.   And to get the message across best to you, I decided to do something a little different. Normally, I have a guest, but this time it will be just you and me as I share these ideas with you.   These aren’t property rules, and most of them aren’t even investment rules in the traditional sense.   They’re the broader truths about money and behaviour I’ve collected over the years, the ones that apply whether you’re buying property, building a business, or simply trying to retire with...

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Raising Rich Kids: The Secrets to Building Generational Wealth for Your Family | Sarah Megginson show art Raising Rich Kids: The Secrets to Building Generational Wealth for Your Family | Sarah Megginson

Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Most of us spend years trying to figure out money - what to do with it, how to invest it, how to make it work harder. But imagine if someone had taught you the fundamentals when you were a child.   Because here's what I've seen over the years - the families who build lasting generational wealth don't just accumulate assets. They pass on the mindset, the habits, and the financial literacy that lets the next generation take it even further.   So what if we could give our kids that advantage? What if we could raise children who grow up genuinely confident about money, investing,...

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Why Australians Say They Want Affordable Housing, But Don’t Really Mean It | Simon Kuestenmacher show art Why Australians Say They Want Affordable Housing, But Don’t Really Mean It | Simon Kuestenmacher

Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Here's a question that makes almost every Australian a bit uncomfortable if they're honest with themselves.   Do you actually want housing to become more affordable, or do you just want it to become more affordable for your kids while your own home keeps growing in value?   That tension sits underneath almost every conversation about housing affordability in this country, and it's rarely spoken about directly.   By the end of this episode, you'll understand why affordability isn't really one problem but several problems wearing the same name, why a property crash wouldn't...

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The 10 Most Important Life Lessons of a Property Investor with Adam Hubbard show art 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 show art 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 show art 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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More Episodes

In this special podcast I explain How to Profit from Renovations in the current property markets.

 Listen as I discuss:

  • My 8 step process for profiting from renovations.
  • 5 tips for successful renovations
  • Why renovations make sense in today's property market
  • The one thing that many renovations courses teach that is patently incorrect. 

I explain the 4 big benefits of renovations: -

  1. Increasing the rental return and therefore yield of your investment property
  2. Increasing the aesthetic appeal of the property and thereby attracting a wider tenant pool and often a better-quality tenant.
  3. Increasing your depreciation allowances.
  4. “Manufacturing” capital growth thereby increasing the overall value of your property, even in a flat market.

I also walk through my 8 Step renovation process

  1. Why – what is your reason
  2. Preparation - finance & structures
  3. Where? Research target areas–due location diligence
  4. What - Find a property with value add potential – due diligence analyze
  5. Purchase – at “wholesale”
  6. Plan & Budget – consider your target market and end values
  7. The renovation process – create a higher and better use
  8. Post Renovation – my preferred strategy is lease, refinance and repeat

Watch out next week for the second of this 2 part series where I discuss the 9 Step Property Development Process

Links:

My Property Renovations and Development Workshop

Michael Yardney's Property Update Blog