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BONUS: 8_ Steps_ to_ profitable_renovations .mp3

Property Investment, Success & Money | The Michael Yardney Podcast

Release Date: 08/07/2017

15 Wealth Myths Holding You Back – And How to Break Free with Brett Warren show art 15 Wealth Myths Holding You Back – And How to Break Free with Brett Warren

Property Investment, Success & Money | The Michael Yardney Podcast

Have you ever wondered why some property investors seem to build multi-million-dollar portfolios while others never get past their first property—or worse, sell up within five years? It’s not about luck. It’s not about earning six figures. And it’s definitely not about being born into money. In today’s podcast, I explore the common myths surrounding wealth creation and property investment with Brett Warren You’ll learn that most people are trapped by money myths - false beliefs about wealth, investing, and financial security that sound logical but quietly sabotage their success....

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You Might Stop Working, But Your Money Shouldn't – Investing Through Retirement with Ken Raiss show art You Might Stop Working, But Your Money Shouldn't – Investing Through Retirement with Ken Raiss

Property Investment, Success & Money | The Michael Yardney Podcast

In today’s show, Ken Raiss and I discuss the evolving landscape of retirement planning, emphasising that retirement is not an end but a new chapter that requires strategic investment and financial planning.   We look at what it means to keep your money working in retirement, how property investors should adjust — not stop — their strategy, and what you need to consider to maintain financial freedom and even grow your wealth in the years to come.   We discuss the importance of understanding longevity risk, the need for owning appreciating assets, and the role of property in...

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Suburban Revival: How a New Generation Is Reshaping Australia’s Housing Future | With Simon Kuestenmacher show art Suburban Revival: How a New Generation Is Reshaping Australia’s Housing Future | With Simon Kuestenmacher

Property Investment, Success & Money | The Michael Yardney Podcast

In today’s show Simon Kuestenmacher and I discuss the significant shift of millennials from urban living to suburban areas. We highlight how millennials are reshaping suburban culture while still valuing aspects of their urban lifestyles. This is a generation that once embraced city skylines, inner-city cafes, and the hustle of urban living, but is now packing up and heading for the burbs. But not for the white picket fence alone. We explore the reasons behind this migration, the changing dynamics of suburban life, and the challenges related to infrastructure and housing markets.   ...

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Stamp Duty is Holding Australia Back: Dr. Nicola Powell on Why We Need Bold Reform show art Stamp Duty is Holding Australia Back: Dr. Nicola Powell on Why We Need Bold Reform

Property Investment, Success & Money | The Michael Yardney Podcast

Australia’s housing market is under pressure from many directions, but one of the most overlooked barriers is stamp duty. Once a relatively modest transaction cost, stamp duty has ballooned into one of the biggest financial hurdles for homebuyers. Just to give you an idea – in Sydney, stamp duty on a median-priced house has gone from around 45% of a household’s disposable income in 2000 to 120% today. And it’s not just buyers who are suffering. Stamp duty distorts housing decisions, locks people into homes that no longer suit them, and acts as a handbrake on productivity. Today, I'm...

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Australia’s Hottest Winter Property Market in Years – with Dr. Andrew Wilson show art Australia’s Hottest Winter Property Market in Years – with Dr. Andrew Wilson

Property Investment, Success & Money | The Michael Yardney Podcast

This winter has shaped up as the strongest property market we’ve seen in a long time, with strong buyer activity and rising confidence cutting through the usual seasonal slowdown. In today's show Dr. Andrew Wilson and I discuss how results have been far from uniform – Sydney is surging ahead with particularly strong performance, while conditions across the other capitals are more varied, reminding us just how segmented Australia’s housing markets really are. We explore the impact of government initiatives for first home buyers, the performance of various regional markets, and the...

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Planning Australia’s Future: It Starts with Where We Live, with Ross Elliott show art Planning Australia’s Future: It Starts with Where We Live, with Ross Elliott

Property Investment, Success & Money | The Michael Yardney Podcast

Today I’m joined by Ross Elli, a respected urban thinker and commentator, and we discuss something most politicians and planners are ignoring: the danger of concentrating 70% of Australia’s population into just eight capital cities, and doing it without a real plan. We explore the challenges of infrastructure, the concept of the missing middle in housing, and the need for a national settlement strategy to address the growing population and its impact on quality of life.   Whether you're a property investor, policymaker, or simply someone sitting in bumper-to-bumper traffic wondering...

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Renovate to Elevate: Unlocking Value in Investment Properties with Greg Hankinson show art Renovate to Elevate: Unlocking Value in Investment Properties with Greg Hankinson

Property Investment, Success & Money | The Michael Yardney Podcast

Have you ever looked at a tired old property and thought, “There’s potential there,” but weren’t quite sure what to do with it? Well, today’s show could be the spark you need. Because we’re talking about one of the most powerful – and underutilised – strategies for building wealth through property: strategic renovation. In a world where construction costs are soaring and affordability is stretched, more investors are realising that they don’t have to wait for the market to deliver capital growth – they can manufacture it themselves. And joining me to unpack this is Greg...

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The Housing Time Bomb: Can Australia Keep Up with Its Population Boom? | With Simon Kuestenmacher show art The Housing Time Bomb: Can Australia Keep Up with Its Population Boom? | With Simon Kuestenmacher

Property Investment, Success & Money | The Michael Yardney Podcast

Imagine inviting thousands of people to a party… but forgetting to organise enough food, chairs, or bathrooms. That’s essentially what Australia is doing by ramping up migration while failing to plan for the housing and infrastructure to support it. Today, Simon Kuestenmacher and I discuss why we can’t keep separating housing policy from migration policy. The conversation around our housing crisis is often framed around interest rates, investors, or planning delays. But there’s a critical dimension we keep avoiding: Australia’s housing and migration policies are completely out of...

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Who pays the most tax in Australia, Plus Clues Behind The News | Macro Insights with Ken Raiss show art Who pays the most tax in Australia, Plus Clues Behind The News | Macro Insights with Ken Raiss

Property Investment, Success & Money | The Michael Yardney Podcast

In today’s Macro Insights Podcast, Ken Raiss and I examine who really pays tax in Australia, and the results may surprise you.   We also share what the average wage and superannuation balance in Australia is, and I bet these figures will surprise you.   We also discuss the latest statement from APRA about its 3% mortgage assessment buffer we will tell you what time of the week you’re most likely to get scammed?   As somebody interested in growing your wealth or property, there will be lots in the show for you.     Takeaways  ...

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Regret, Reality, and the Race to Buy: What First Home Buyers Are Really Facing in 2025 With Sarah Megginson show art Regret, Reality, and the Race to Buy: What First Home Buyers Are Really Facing in 2025 With Sarah Megginson

Property Investment, Success & Money | The Michael Yardney Podcast

What happens when the Great Australian Dream becomes a financial nightmare? In 2025, buying your first home in Australia has become less of a rite of passage and more of a high-stakes gamble. Record-high deposits, sky-high property prices, and mortgage repayments eating up more than 30% of many buyers’ income - it’s no wonder almost half of all first home buyers now regret their decision. Today, I’m joined by Sarah Megginson, personal finance expert at Finder to discuss their First Home Buyer Report 2025 which reveals the rising pressure on young Australians trying to break into the...

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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