Today I’m going to discuss several topics of interest for property investors with Mike Mortlock, the Managing Director of MCG Quantity Surveyors. Mike's team has recently released a report titled 'Rising Tide of Unit Rents Closes Gap with Houses in Major Capitals' that sheds light on some transformative trends and provides an understanding of the shifts in housing affordability and renter preferences. We also talk about the growing concern that the government may look at changes to negative...

With property values rising for 15 months in a row and talk of interest rate cuts on the horizon, is the Australian property market gearing up for a new boom in property prices this year? Well, there are clues in the news as to what’s ahead, which I’m going to discuss in this month’s Big Picture podcast with leading financial commentator Pete Wargent. As always, we will be discussing a raft of macro and micro economic factors that should give you some clues as to what’s ahead for our...

You’d have to be living under a rock not to know that apartments have underperformed houses in the last decade or so, so today I explore the reasons behind this trend, its implications for investors, and what future trends we might anticipate with independent financial advisor, Stuart Wemyss. We also discuss what criteria you should use to decide if you sell an underperforming apartment. We explore the complex puzzles facing Melbourne's apartment sector and discuss strategic responses to...

To help you understand what's ahead and if our property markets are going to keep rising or going to slow down or even go backward, as some property pessimists are still suggesting, in today's episode I want to outline the dynamics and the economics of Australia's property markets and what causes property values to increase and what makes them fall. I want to do this to help ensure that your investments outperform the market averages over the long term. Today this topic is so important it's...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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 episode of the Michael Yardney podcast, I explore the power of positivity in wealth creation together with Tom Corley, the co-author of my international best-selling book, Rich Habits, Poor Habits. We’ll be dissecting Tom’s blog post "Don't Let Others Infect You With Their Negativity," and discussing how a positive mindset is about more than just feeling good – it’s an important factor in successfully investing in property and building wealth. We’ll also talk about how you can...

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 am 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...

Hindsight is a wonderful thing, isn’t it? Knowing what you know now, what would you have done differently if you had the opportunity to invest in property 10, 20, or even 40 years ago? Well, I've been investing for decades, which gives me the perspective to see patterns in the chaos that many others see in the world of property and their economy at the moment. Join me on a reflective journey back to 1980 as I share a treasure trove of insights from my property investment odyssey. Listen in...

It has become more and more challenging for Australians to find a rental home since the pandemic started. Availability has plunged and rental rates have skyrocketed by as much as 33% in capital cities. Some locations show the vacancy rates moving up slightly in recent months, but the rental market is far from balanced, and this results in a headache for many tenants. Last year, there was a Senate inquiry on the rental crisis. Today’s guest, Nicola McDougall, chair of the Property Investment...

A tenth of the year is already behind us, and as a person who’s interested in the property market, you’re probably wondering what’s coming over the remainder of the year. My guest today is Dr. Nicola Powel, Domain's Chief of Research and Economics, and she’ll give you some insights into what’s coming by discussing Domain’s most recent reports and what they say about current developments in the housing and rental markets. Links and Resources: Get the team at Metropole to help build your...

In this month’s Big Picture episode of the Michael Yardney Podcast, Pete Wargent and I dissect the multitude of macro-economic factors currently shaping our housing markets and the broader economy. There’s a lot to discuss today including the latest inflation data, this month’s RBA’s interest rate decision, and what both these mean for the future of interest rates and our housing markets. Links and Resources: Metropole’s Strategic Property Plan – to help both beginning and experienced...

In today’s podcast we're venturing into a fascinating area that intersects with both wealth creation and the human psyche. We've all heard of self-sabotage, but have you ever wondered why some of the most intelligent and capable individuals hit an invisible ceiling in their property, investment, or business ventures? Why do some people, despite their knowledge and skills, only reach a certain level of success? Well, today, we're diving deep into what I like to call your 'wealth thermostat'...

Now inflation has been tamed and interest rates have peaked, many market commentators and property economists are updating their forecast for 2024. While the media loves sharing short-term forecasts, the longer-term outlook is more important for investors as it better aligns with their investment horizon. Investors should consider where the market will be in 10 years, rather than where interest rates will be in six months. However, in today’s podcast, I discuss the dominant influences on...

In today’s show I'll discuss the complexities of Australia's housing market with my guest Mike Mortlock, the director of MCG Quantity Surveys. In our conversation today, we spoke about lots of interesting things that will give you some insights into our housing market. In particular, we explore a disturbing “tall poppy syndrome” narrative that’s taken place over the last little while. It puts property investors in the role of villains who are against the Australian dream of home ownership,...

  Have you set big goals for yourself in investing or business in 2024? Is financial freedom part of your plan? Today’s show is a continuation of a two-part series where Mark Creedon and I explore 18 Wealth Lessons from Morgan Housel’s great book The Psychology of Money. Housel tells us about the principles of behavioral finance rather than property strategy or finance tips. The psychology of investor behaviors can help you understand why some make successful moves while others don’t, and...