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The Michael Yardney Podcast

Michael Yardney; Australia’s leading experts in th

4
Followers
13
Plays
The Michael Yardney Podcast
The Michael Yardney Podcast

The Michael Yardney Podcast

Michael Yardney; Australia’s leading experts in th

4
Followers
13
Plays
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About Us

Are you looking for financial freedom or more choices in life? You're in the right place. Each week Michael Yardney shares smart property investment strategies as well as the success and personal finance secrets of the rich, in 20 minutes or less.While Michael is best known as a property expert, he is also Australia's leading experts in the psychology of success and wealth creation and a #1 best selling author of 8 books. He frequently challenges traditional finance advice with innovative ideas on real estate investing, personal finance and wealth creation.His wisdom stems from his personal experience and from mentoring over 2,000 business people, investors and entrepreneurs over the last decade.Michael's message will be priceless regardless of the size of your investment portfolio - whether you're just starting out or an experienced investor wanting to move to the next level, he will provide you a roadmap for real estate investing and financial success.http://MichaelYardneyPodcast.com

Latest Episodes

A ticking time bomb for high rise apartment owners | Research statistics all property investors must understand

If you’re a property investor, I’ve got a warning for you. Some high-rise buildings are going to become the slums of the future. As a property investor, it’s important to recognize that you’ve got to own the sort of property that’s going to outperform the averages, and many properties in the future are going to underperform because they have a shadow hanging over them. That’s the one million apartments build over the last decade or so. In today’s episode, I’m going to explain a little more about what I mean and what you can do about it. I’m also going to have a chat with Brett Warren, director of Metropole Properties Brisbane about the research you should do to help understand what’s happening on the ground in property markets. In fact, it’s the research that we do and he’s going to explain how we do it and what you should look for. Then, in my mindset moment, I’m going to tell you a story about a Cherokee Indian. This story has an interesting message that will help you gain some clarity for your future. Warning – some high-rise apartment buildings will become the slums of the future. The way we live in Australia has changed. We’re trading backyards for balconies and courtyards and this has resulted in around one in five Australians living in an apartment today - up from one in seven in the 1990’s. The problem is not all apartments are the same. Some will make great investments increasing substantially in value over the long term, but many of the high-rise towers built in the last fifteen years will continue to underperform with poor, if any, capital growth in the foreseeable future. This sector of the property market has lost the trust of the buying public and confidence will take quite some time to restore as various stakeholders including state and local governments as well as the construction industry including building surveyors and certifiers scramble to shore up building sector. You see…there tend to be three major types of building issues faces by apartment owners: Structural defects– These are the ones that grab the headlines but, in reality, majorstructural issues only relate to a small number of buildings. Fire issues– These often relate to inferior cladding used during construction. Cladding audits are ongoing, but so far 629 affected buildings have been identified in Victoria alone. Water issues– These are very common and occur to some extent in almost every new building – things like leaking balconies, showers and roofs. While these are a nuisance and can be expensive, they can usually be rectified. Fact is, the buildings with major problems requiring mass evacuation are the outliers, but for those involved their losses will be significant as they will have hefty repair bills and have no real market for the sale of their apartment in buildings that could well become the slums of the future. But that’s not all folks… The standard of high-rise apartment tower construction is a vivid example of how in today’s disposable society, the quality of many things is falling in the pursuit of bigger profit margins. This in stark contrast to the quality of the 100-year-old buildings that stand proudly next to them in our CBD’s. They were craftsman built with durable materials and have stood the test of time and multiple generations. They still stand strong today – a far cry from the buildings being thrown up in the modern era. But I believe recent round of disclosures about structural problems in the apartment towers built over the last decade or two for the investor market is just the tip of the iceberg. It’s been suggested the high-profile stories that have hit the media are just the tip of the iceberg and many more buildings with structural problems – some big, some small – will come to light over the next few years. Some developers will have the funds to repair their buildings, but others won’t. And insurance often won’t come to the rescue of the unfortunate owners as sometimes it will be difficult to know where

35 MIN1 days ago
Comments
A ticking time bomb for high rise apartment owners | Research statistics all property investors must understand

Should you be worried about the upcoming recession? With Pete Wargent

Should you worry about the upcoming recession? If you believe the media, then, of course, you should. But it’s important to get both sides of the story. Today, in my discussion with Pete Wargent, you’ll hear about some of the negatives affecting our economy as well as the many positives that the media tends to forget. We’ll give you a balanced assessment of what’s likely to be ahead. This show is going to be valuable for property investors, future homeowners, and businesspeople as well. Then, in my mindset moment, I’ll explain to you that you’ve won the lottery. Listen in to find out what I mean. Some of the topics I discuss with Pete Wargent: Reported GDP is really historical information – it tells us what’s gone on before Credit is the lifeblood of the economy, so if you limit people’s ability to borrow, you slow the economy, as happened in the recent credit squeeze Nobody knows for sure if we’ll get a recession, but if you look at the probabilities and what markets are ...

30 MIN3 days ago
Comments
Should you be worried about the upcoming recession? With Pete Wargent

All Your Finance Questions Answered

The content of today’s show has been designed by you, because we’re going to answer your finance questions. Today’s conversation with Dan Gold will be helpful for both beginning and experienced property investors. I’ve also thrown in my own question, and I think you’ll enjoy hearing the answer: - Is it really true that you can get a finance approval in as little as two days? You’ll find out today. Some of the questions we discuss today: Will buying higher-yielding properties in regional Australia increase borrowing capacity? And will that allow the buyer to purchase more properties? In the current lending environment, high-yielding residential properties do not have a material impact on borrowing capacity. What factors are important to look at other than interest rates when looking for a loan for an investment property? Focus on finding a lender that can actually meet your requirements and objectives and be selective with the person or bank that’s going to be taking you throu...

40 MIN1 weeks ago
Comments
All Your Finance Questions Answered

Australian Housing Market Update – October 2019 with Dr. Andrew Wilson - PROPERTY INSIDERS

Australia's housing markets have clearly turned the corner. The housing market recovery in our two biggest cities, Melbourne and Sydney, gained pace with property prices increasing over the last month. Buyers are back making plans, looking at properties and approaching their lenders for finance. They are buoyed by falling interest rates and the prospect of another rate cut early next year and a generally positive media. Sellers are slowly returning to the market encouraged by rising prices. This now marks the fourth consecutive month of price gains in Melbourne and Sydney, which was where the downturn hit the hardest over the last couple of years. As a result, auction clearance rates are up, asking prices are up, property values are increasing and some property commentators are even forecasting double digit capital growth next year. We called the market bottom a few months ago in our regular Property lnsiders video chats, so today we discuss what’s going on in the world of property...

34 MIN1 weeks ago
Comments
Australian Housing Market Update – October 2019 with Dr. Andrew Wilson - PROPERTY INSIDERS

Why Wealthy People are Happier People|RICH HABITS, POOR HABITS Podcast

On any given day, if you ask someone if they are happy, their response will be dictated by their current state of happiness. If they are nearing, or in the midst of a happiness event, they will say they are happy. If they are recovering from, or in the midst of an unhappiness event, they will say they are unhappy. Happiness is event-driven The quantity of happiness events you have during your lifetime is the only true way to accurately measure your level of overall happiness with your life. Those who have experienced more happiness events during their life will view their life as happier overall. Those with less will view their life as less happy overall. The key to overall happiness, therefore, is to accumulate happiness events. To understand the importance of happiness events we must first dissect what causes happiness: 50% of happiness is determined by your genes 40% of happiness is determined by your activities 10% of happiness is determined by your circumstances Genes play a ma...

23 MIN2 weeks ago
Comments
Why Wealthy People are Happier People|RICH HABITS, POOR HABITS Podcast

Investing differently in a low-interest-rate environment? | Pete Wargent

Are you enjoying the low-interest rates at the moment? They’re likely to get lower over the next year or so, and remain lower for a decade or longer. But what does this mean for property investors? What are the implications for property and other asset classes? What does it mean for your returns? How should you invest differently over the coming years? These are all important questions for people who want to become successful property investors. I’ll be discussing these questions with Pete Wargent in this episode. I’ll also share a mindset moment about where you’re going to be in ten year’s time. I learned this lesson from one of my mentors, and I hope it helps you in the process of planning your future and getting the most out of your life. How does a low-interest-rate environment affect your investment strategy? The Reserve Bank has cut interest rates in 2 consecutive months – June and July to historic low rates and the money markets are factoring in two more interest rate c...

29 MIN2 weeks ago
Comments
Investing differently in a low-interest-rate environment? | Pete Wargent

What type of investor are you? | What if my tenant doesn’t pay their rent?

Over the years, I’ve worked with thousands of investors and I’ve found that most fall into one of three categories. I’m going to explain what those categories are and let you work out which one you fall into. I’ll also explain why one of those categories tends to be more successful than the other two. I’m also going to have a chat with Leanne Jopson, the national director of Metropole Property Management, about what you can do when a tenant doesn’t pay rent. Then, in my mindset moment, I’m going to share an uncomfortable truth. What type of investor are you? There are three main types of property investor. Which category do you fall into? Passive Investor: Tend to spend little time looking for a property. Not really interested in understanding all of the ins and outs that go along with creating a property portfolio such as finance, tax laws, compounding and so forth. Rather than conducting any due diligence or consulting industry professionals for advice, they’re more likely...

25 MIN3 weeks ago
Comments
What type of investor are you? | What if my tenant doesn’t pay their rent?

Some famous last words all property investors need to know | Watch out for property pumping and dumping schemes

This podcast is about more success in your life, whether it’s success in property investment, money, or any other area of your life. We can learn from other people’s success, but we can also learn from their failures, and today we’re going to learn about some famous last words. Ahmad Imam and I are going to chat about what people were thinking about when they made those blunders, and you’ll learn about what not to do so that you can be more successful. I’m also going to chat with property researcher John Lindeman and talk about some property “pumping and dumping” schemes you should watch out for. Some famous last words all property investors need to know “My financial planner called, and he said he has a special opportunity.” – The main reason they have a special opportunity is that they stand to make a commission on it. “I thought I was getting guaranteed high returns.” – Project marketers don’t need to be licensed, so there’s no regulation or restriction on what the...

38 MIN3 weeks ago
Comments
Some famous last words all property investors need to know | Watch out for property pumping and dumping schemes

4 Things Entrepreneurs Do That Make Business Coaches Cringe | Build a Business, Not a Job Podcast

One of the most helpful things you can do to help build your business or professional practice is to have a business coach. Today I’m speaking with the founder of Business Accelerator Mastermind, Mark Creedon. We talk about the things that the entrepreneurs he has coached have done, which have made him cringe, in order to help you avoid these pitfalls when you work with a business coach: Pitfall 1. “I’m too busy…” When you properly delegate tasks and invest time with a coach, you can actually make even more time for yourself and focus on more important tasks. Pitfall 2. You Lie to Yourself (And Your Coach) When you lie to your coach, you’re actually lying to yourself. Pitfall 3. You Don’t Think We “Get” It Regardless of the industry, most businesses have the same issues. A lot of successful business people are “almost there” – they need a few tweaks rather than big changes and what they are missing is someone to bounce ideas off of. Pitfall 4. You Don’t Know How Much We...

25 MINSEP 19
Comments
4 Things Entrepreneurs Do That Make Business Coaches Cringe | Build a Business, Not a Job Podcast

Here’s the truth about getting started in property development

I’ve noticed a trend recently that more and more investors are looking to get involved in property development. They want to “manufacture” some capital growth because the market has been a little flat. So that’s what we’re going to talk about in today’s episode – how to get started in property development But today’s show is going to focus on some real-world advice. There are too many enthusiastic but inexperienced amateurs giving what is probably well-intentioned, but ultimately poor property development advice. And even if you’re not ready to jump into property development yet yourself, listen in anyway, because one day you may want to get involved in property development. During Our Conversation About Starting in Property Development, We Discussed Many developers start with renovations to mitigate risk and learn the basics The concept of Land Banking Waiting for the right time in the property cycle Buying the worst house on the best street Becoming an armchair developer ...

43 MINSEP 17
Comments
Here’s the truth about getting started in property development

Latest Episodes

A ticking time bomb for high rise apartment owners | Research statistics all property investors must understand

If you’re a property investor, I’ve got a warning for you. Some high-rise buildings are going to become the slums of the future. As a property investor, it’s important to recognize that you’ve got to own the sort of property that’s going to outperform the averages, and many properties in the future are going to underperform because they have a shadow hanging over them. That’s the one million apartments build over the last decade or so. In today’s episode, I’m going to explain a little more about what I mean and what you can do about it. I’m also going to have a chat with Brett Warren, director of Metropole Properties Brisbane about the research you should do to help understand what’s happening on the ground in property markets. In fact, it’s the research that we do and he’s going to explain how we do it and what you should look for. Then, in my mindset moment, I’m going to tell you a story about a Cherokee Indian. This story has an interesting message that will help you gain some clarity for your future. Warning – some high-rise apartment buildings will become the slums of the future. The way we live in Australia has changed. We’re trading backyards for balconies and courtyards and this has resulted in around one in five Australians living in an apartment today - up from one in seven in the 1990’s. The problem is not all apartments are the same. Some will make great investments increasing substantially in value over the long term, but many of the high-rise towers built in the last fifteen years will continue to underperform with poor, if any, capital growth in the foreseeable future. This sector of the property market has lost the trust of the buying public and confidence will take quite some time to restore as various stakeholders including state and local governments as well as the construction industry including building surveyors and certifiers scramble to shore up building sector. You see…there tend to be three major types of building issues faces by apartment owners: Structural defects– These are the ones that grab the headlines but, in reality, majorstructural issues only relate to a small number of buildings. Fire issues– These often relate to inferior cladding used during construction. Cladding audits are ongoing, but so far 629 affected buildings have been identified in Victoria alone. Water issues– These are very common and occur to some extent in almost every new building – things like leaking balconies, showers and roofs. While these are a nuisance and can be expensive, they can usually be rectified. Fact is, the buildings with major problems requiring mass evacuation are the outliers, but for those involved their losses will be significant as they will have hefty repair bills and have no real market for the sale of their apartment in buildings that could well become the slums of the future. But that’s not all folks… The standard of high-rise apartment tower construction is a vivid example of how in today’s disposable society, the quality of many things is falling in the pursuit of bigger profit margins. This in stark contrast to the quality of the 100-year-old buildings that stand proudly next to them in our CBD’s. They were craftsman built with durable materials and have stood the test of time and multiple generations. They still stand strong today – a far cry from the buildings being thrown up in the modern era. But I believe recent round of disclosures about structural problems in the apartment towers built over the last decade or two for the investor market is just the tip of the iceberg. It’s been suggested the high-profile stories that have hit the media are just the tip of the iceberg and many more buildings with structural problems – some big, some small – will come to light over the next few years. Some developers will have the funds to repair their buildings, but others won’t. And insurance often won’t come to the rescue of the unfortunate owners as sometimes it will be difficult to know where

35 MIN1 days ago
Comments
A ticking time bomb for high rise apartment owners | Research statistics all property investors must understand

Should you be worried about the upcoming recession? With Pete Wargent

Should you worry about the upcoming recession? If you believe the media, then, of course, you should. But it’s important to get both sides of the story. Today, in my discussion with Pete Wargent, you’ll hear about some of the negatives affecting our economy as well as the many positives that the media tends to forget. We’ll give you a balanced assessment of what’s likely to be ahead. This show is going to be valuable for property investors, future homeowners, and businesspeople as well. Then, in my mindset moment, I’ll explain to you that you’ve won the lottery. Listen in to find out what I mean. Some of the topics I discuss with Pete Wargent: Reported GDP is really historical information – it tells us what’s gone on before Credit is the lifeblood of the economy, so if you limit people’s ability to borrow, you slow the economy, as happened in the recent credit squeeze Nobody knows for sure if we’ll get a recession, but if you look at the probabilities and what markets are ...

30 MIN3 days ago
Comments
Should you be worried about the upcoming recession? With Pete Wargent

All Your Finance Questions Answered

The content of today’s show has been designed by you, because we’re going to answer your finance questions. Today’s conversation with Dan Gold will be helpful for both beginning and experienced property investors. I’ve also thrown in my own question, and I think you’ll enjoy hearing the answer: - Is it really true that you can get a finance approval in as little as two days? You’ll find out today. Some of the questions we discuss today: Will buying higher-yielding properties in regional Australia increase borrowing capacity? And will that allow the buyer to purchase more properties? In the current lending environment, high-yielding residential properties do not have a material impact on borrowing capacity. What factors are important to look at other than interest rates when looking for a loan for an investment property? Focus on finding a lender that can actually meet your requirements and objectives and be selective with the person or bank that’s going to be taking you throu...

40 MIN1 weeks ago
Comments
All Your Finance Questions Answered

Australian Housing Market Update – October 2019 with Dr. Andrew Wilson - PROPERTY INSIDERS

Australia's housing markets have clearly turned the corner. The housing market recovery in our two biggest cities, Melbourne and Sydney, gained pace with property prices increasing over the last month. Buyers are back making plans, looking at properties and approaching their lenders for finance. They are buoyed by falling interest rates and the prospect of another rate cut early next year and a generally positive media. Sellers are slowly returning to the market encouraged by rising prices. This now marks the fourth consecutive month of price gains in Melbourne and Sydney, which was where the downturn hit the hardest over the last couple of years. As a result, auction clearance rates are up, asking prices are up, property values are increasing and some property commentators are even forecasting double digit capital growth next year. We called the market bottom a few months ago in our regular Property lnsiders video chats, so today we discuss what’s going on in the world of property...

34 MIN1 weeks ago
Comments
Australian Housing Market Update – October 2019 with Dr. Andrew Wilson - PROPERTY INSIDERS

Why Wealthy People are Happier People|RICH HABITS, POOR HABITS Podcast

On any given day, if you ask someone if they are happy, their response will be dictated by their current state of happiness. If they are nearing, or in the midst of a happiness event, they will say they are happy. If they are recovering from, or in the midst of an unhappiness event, they will say they are unhappy. Happiness is event-driven The quantity of happiness events you have during your lifetime is the only true way to accurately measure your level of overall happiness with your life. Those who have experienced more happiness events during their life will view their life as happier overall. Those with less will view their life as less happy overall. The key to overall happiness, therefore, is to accumulate happiness events. To understand the importance of happiness events we must first dissect what causes happiness: 50% of happiness is determined by your genes 40% of happiness is determined by your activities 10% of happiness is determined by your circumstances Genes play a ma...

23 MIN2 weeks ago
Comments
Why Wealthy People are Happier People|RICH HABITS, POOR HABITS Podcast

Investing differently in a low-interest-rate environment? | Pete Wargent

Are you enjoying the low-interest rates at the moment? They’re likely to get lower over the next year or so, and remain lower for a decade or longer. But what does this mean for property investors? What are the implications for property and other asset classes? What does it mean for your returns? How should you invest differently over the coming years? These are all important questions for people who want to become successful property investors. I’ll be discussing these questions with Pete Wargent in this episode. I’ll also share a mindset moment about where you’re going to be in ten year’s time. I learned this lesson from one of my mentors, and I hope it helps you in the process of planning your future and getting the most out of your life. How does a low-interest-rate environment affect your investment strategy? The Reserve Bank has cut interest rates in 2 consecutive months – June and July to historic low rates and the money markets are factoring in two more interest rate c...

29 MIN2 weeks ago
Comments
Investing differently in a low-interest-rate environment? | Pete Wargent

What type of investor are you? | What if my tenant doesn’t pay their rent?

Over the years, I’ve worked with thousands of investors and I’ve found that most fall into one of three categories. I’m going to explain what those categories are and let you work out which one you fall into. I’ll also explain why one of those categories tends to be more successful than the other two. I’m also going to have a chat with Leanne Jopson, the national director of Metropole Property Management, about what you can do when a tenant doesn’t pay rent. Then, in my mindset moment, I’m going to share an uncomfortable truth. What type of investor are you? There are three main types of property investor. Which category do you fall into? Passive Investor: Tend to spend little time looking for a property. Not really interested in understanding all of the ins and outs that go along with creating a property portfolio such as finance, tax laws, compounding and so forth. Rather than conducting any due diligence or consulting industry professionals for advice, they’re more likely...

25 MIN3 weeks ago
Comments
What type of investor are you? | What if my tenant doesn’t pay their rent?

Some famous last words all property investors need to know | Watch out for property pumping and dumping schemes

This podcast is about more success in your life, whether it’s success in property investment, money, or any other area of your life. We can learn from other people’s success, but we can also learn from their failures, and today we’re going to learn about some famous last words. Ahmad Imam and I are going to chat about what people were thinking about when they made those blunders, and you’ll learn about what not to do so that you can be more successful. I’m also going to chat with property researcher John Lindeman and talk about some property “pumping and dumping” schemes you should watch out for. Some famous last words all property investors need to know “My financial planner called, and he said he has a special opportunity.” – The main reason they have a special opportunity is that they stand to make a commission on it. “I thought I was getting guaranteed high returns.” – Project marketers don’t need to be licensed, so there’s no regulation or restriction on what the...

38 MIN3 weeks ago
Comments
Some famous last words all property investors need to know | Watch out for property pumping and dumping schemes

4 Things Entrepreneurs Do That Make Business Coaches Cringe | Build a Business, Not a Job Podcast

One of the most helpful things you can do to help build your business or professional practice is to have a business coach. Today I’m speaking with the founder of Business Accelerator Mastermind, Mark Creedon. We talk about the things that the entrepreneurs he has coached have done, which have made him cringe, in order to help you avoid these pitfalls when you work with a business coach: Pitfall 1. “I’m too busy…” When you properly delegate tasks and invest time with a coach, you can actually make even more time for yourself and focus on more important tasks. Pitfall 2. You Lie to Yourself (And Your Coach) When you lie to your coach, you’re actually lying to yourself. Pitfall 3. You Don’t Think We “Get” It Regardless of the industry, most businesses have the same issues. A lot of successful business people are “almost there” – they need a few tweaks rather than big changes and what they are missing is someone to bounce ideas off of. Pitfall 4. You Don’t Know How Much We...

25 MINSEP 19
Comments
4 Things Entrepreneurs Do That Make Business Coaches Cringe | Build a Business, Not a Job Podcast

Here’s the truth about getting started in property development

I’ve noticed a trend recently that more and more investors are looking to get involved in property development. They want to “manufacture” some capital growth because the market has been a little flat. So that’s what we’re going to talk about in today’s episode – how to get started in property development But today’s show is going to focus on some real-world advice. There are too many enthusiastic but inexperienced amateurs giving what is probably well-intentioned, but ultimately poor property development advice. And even if you’re not ready to jump into property development yet yourself, listen in anyway, because one day you may want to get involved in property development. During Our Conversation About Starting in Property Development, We Discussed Many developers start with renovations to mitigate risk and learn the basics The concept of Land Banking Waiting for the right time in the property cycle Buying the worst house on the best street Becoming an armchair developer ...

43 MINSEP 17
Comments
Here’s the truth about getting started in property development