100 episodes

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

The Michael Yardney Podcast Michael Yardney; Australia's authority in wealth creation through property

    • Investing

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

    The 3 reasons why the best entrepreneurs and business owners are crushing it in 2020 | Build a Business, Not a Job Podcast

    The 3 reasons why the best entrepreneurs and business owners are crushing it in 2020 | Build a Business, Not a Job Podcast

    As a business owner, as an entrepreneur, as an investor, you’re going to be facing a lot of challenges in 2020. 
    In fact, the year has already brought us our fair share of challenges. Some have come from inside Australia; some have come from overseas. 
    And that means things are going to be tough this year. 
    Despite those issues, some business owners, investors, and entrepreneurs are going to do a lot better than others, and today we’re going to discuss the reasons why. 
    Even if you’re not in business for yourself, this show is going to be useful for you, because a lot of the information will help you as a property investor. 
    3 common traits of business owners that succeed
    Clarity – they know exactly what they want. They have mission/vision/purpose They have the right mindset – everyone I’m talking to who is crushing it says they have to work even more on their psychology. 
    The more you win the more you move out of your comfort zone and get into new areas of fear, anxiety, and doubt, so you need to keep upgrading your psychology – the very best spend time on this every day Their infrastructure and systems – They set up to allow you to grow and keep delivering high levels of service and great levels of support.  3 big questions you need to ask yourself
    What exactly am I committed to achieving this year? Focus and go all in. What mindset rituals must be in place to help me achieve this? The best have rituals to help them persevere through the tough times. Use a project management tool – set it up to show things I want to do, things I’m doing, things I’ve done What systemic change is required to sustain this new level of growth? The best are building their infrastructure and systems.  Most business owners and entrepreneurs struggle because they’re not asking themselves these questions.
    Links and Resources: 
    Why not join Metropole’s Business Accelerator Mastermind
    Learn more about Mark Creedon – Business Coach to some of Australia’s leading entrepreneurs 
    Join us at Wealth Retreat 2020 in join- find and more and register your interest here 
    Some of our favourite quotes from the show: 
    “If other people could solve the problems, they’d be the boss.” – Michael Yardney
    “I know that the difference between the successful business people, entrepreneurs, and investors I see and the average person is the way they think.” – Michael Yardney
    “Everyone, all of us, you, me and the various successful people still have our own limiting beliefs, so, therefore, we help them get rid of those.” – Michael Yardney 
    Show notes plus more here: The 3 reasons why the best entrepreneurs and business owners are crushing it in 2020 | Build a Business, Not a Job Podcast
    PLEASE LEAVE US A REVIEW 
    Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how.

    • 31 min
    Oh NO! Not another podcast about the corona virus and a recession | PROPERTY INSIDERS

    Oh NO! Not another podcast about the corona virus and a recession | PROPERTY INSIDERS

    Yes another podcast about the coronavirus, but you really need to listen to this one. 
    What started as a little cold for our economy has progressed to the flu and now sounds like it could be a dose of economic pneumonia.
    Look where we are today…
    Dwindling confidence, a major stock market crash, talk of recession, workplaces closing, major events cancelled, social distancing. 
    What next? 
    Well…panic I guess
    There is little doubt that it is serious.
    And I don’t want to make light of COVID-19  based on my view, having been involved in the property market for over 45 years, and those of Dr Andrew Wilson who I’m going to have a chat with today, we believe the impact of this on our property market will ultimately be temporary.
    Now this may be a little different to what some others are suggesting, but please listen to today’s show as I believe I will be able to bring some calm to the storm.
    Remember …this too shall pass.
    There is no doubt that the virus will cause illness is some people and tragically even kill others.
    And even though I’m going to be concentrating on property today, I don’t want people to think that I don’t care about other people, their health and those in need.
    I’m also concerned for those whose jobs are at risk, and who may suffer from isolation or mental health issues from restricted social exposure.
    But I’m not qualified to discuss those matters, so listen as I first give some of my views and then chat with Dr Andrew Wilson.
    We will explain how worried you should really be, the possibility of Australia going into recession and what that could mean for you, how does downturn may compare with other downturns that we have experienced, and also the perfect storm that could come out at the other end.
    Now the show was recorded in the third week of March, a few days before it is going live on my podcast, and I’m sure a number of things have changed between now when I’m talking to you when I’m recording the show and when you officially listen to it.
    However, the message I’m trying to get across to you today is not really be time sensitive.
    You see…the main messages I want to get across today is that taking a long-term perspective always outsmarts short-term reactive thinking.
    And from mine, it’s always property fundamentals that really matter and drive our markets in the long term.
    Things like demographics, supply and demand, affordability, availability finance, and local economic trends.
    We all know the old saying, being fearful when others are greedy and be greedy when others are fearful, but it’s always difficult to invest when everyone else is running around thinking the world is coming to an end.
    But now that I have invested in close to 8 cycles, I have found exactly these conditions the present the best opportunity. 
    What we are currently experiencing is like a terrorist attack which will deliver a short sharp blow to our economy rather than experiencing a long drawn out war. 
    Yes our economy fall into recession, but this will be different to previous recessions as we will explain in the podcast, and the economy is likely to rebound in the second half of this year at which time we are likely to be experiencing a perfect storm for property.
    Our government, and the governments around the world have learned a lot about handling monetary and fiscal policy is during economic downturn’s and they are hellbent on making this downturn as painless as possible.
    Sure unemployment will rise little bit, probably to 7%, but that still means at 93% of people will have a job.
    And if the government lives up to its promises, it’s stimulus packages will grease the wheels of industry and keep more of us employed.
    One of the major lessons I have learnt from previous downturns is the importance of the taking a long-term perspective which always outsmarts short-ter

    • 39 min
    Some fundamental changes you need to understand if you want to be successful over the next decade

    Some fundamental changes you need to understand if you want to be successful over the next decade

    In today’s show, I’ve got a special interview that I’m sure you’re going to enjoy. 
    More importantly, it’s one where I know you’re going to learn something that will help you as a businessperson, investor, or entrepreneur. 
    If you’re a regular listener, you know that I enjoyed a 6-week cruise at the beginning of the year. 
    And on that cruise, I befriended Lord Digby Jones, a politician who sits in the House of Lords in the UK and a renowned social commentator. I asked him to record a chat that we had in our cabin during the cruise, and that conversation is what you’ll hear today. 
    What’s this got to do with property in Australia? 
    The property market is significantly affected by the world’s economy.
    His fact has become only too obvious in the last weeks.
    So in today’s episode, you’ll hear Lord Digby Jones talk about some fundamental changes that he believes are going to happen over the next decade, and that you’ll need to understand if you want to be successful during that time. 
    We’re going to chat about Brexit, the Asian century and what that means for Australia, the benefits and risks of social media coming in the next decade, the possibility of social upheaval over the next decade, and Lord Digby Jones’s advice to a young couple breaking away from the family business and starting off on their own – Harry and Meaghan. 
    Some of the topics we discuss:
    Whether the current pessimism is warranted The opportunities coming from Southeast Asia Trade wars on the horizon The history of the growth of China and where China is going now The hold that social media has over the public Facebook’s responsibilities in regard to their platform Political correctness on other social media platforms What advice Lord Digby Jones would give to Harry and Meghan Predictions for things we’ll be doing or thinking about differently by the end of the decade Links and Resources: 
    Michael Yardney
    Metropole Property Strategists
    Metropole’s Strategic Property Plan – to help both beginning and experienced investors
    Lord Digby Jones
    Show notes plus more here: Some fundamental changes you need to understand if you want to be successful over the next decade
    Some of our favourite quotes from the show:
    “There’s a lot of political correctness at the moment. In other venues, you can’t say the wrong thing without offending somebody.” – Michael Yardney
    “That’s one of the areas where Australia is more fortunate. It has got strong migration, 66% of our population growth is coming from targeted migration of people of household formation age, skilled migrants and people coming in with business skills and business money.” – Michael Yardney
    “I think the good news is we’re living in the best time in history in one of the best countries in the world. We’ve got a lot to look forward to.” – Michael Yardney
    PLEASE LEAVE US A REVIEW
    Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

    • 47 min
    Coronavirus – property disaster or buying opportunity? | PROPERTY INSIDERS with Dr. Andrew Wilson

    Coronavirus – property disaster or buying opportunity? | PROPERTY INSIDERS with Dr. Andrew Wilson

    There are a lot of scary headlines at the moment. 
    All of the anxiety in the air can even make an optimistic person a little nervous.
    In today’s episode, I want to bring some perspective to the frightening headlines by explaining some of my thoughts on the current situation.
    Then, I’ll be talking to Dr. Andrew Wilson, who’s also been around for a while and has seen and experienced things like this before. 
    By the end of the episode, I hope you’ll be a little less scared, and also have some facts to work with. 
    Remember, most of the things we worry about actually never happen. 
    Seven reasons why I’m confident in our property markets despite the coronavirus scare
    What’s ahead for our property markets in light of the coronavirus issues?
    Are they going to crash like the stock market has?
    Is Australia going to fall into recession?
    That’s a question on the mind of many investors in light of the economic woes around the world and the uncertainty surrounding the coronavirus.
    Now I'm not downplaying the potential medical issues related to the coronavirus.
    In fact, I've looked up the definition of a "pandemic" and this definitely is a "pandemic" even though our health authorities are not prepared to call it one.
    Clearly many Australians will come in contact with the virus over the next couple of months, some people will suffer cold and flu-like symptoms while other more frail members of the community will succumb to the germ.
    And that is tragic.
    At the same time, many businesses will suffer, particularly those in hospitality, tourism, education and those whose supply chain from South East Asia will be affected.
    But based on my perspective having been involved in property for over 47 years, while this issue will have an effect on our economy and a short-term impact on our property markets because consumers will become less confident and sit on the sidelines waiting for things to become clear, I believe that a year from now, and in particular five years from now. and most certainly in 10 years from now, this pandemic will have had no influence on where the Australian property market will end up and the value of your and my home at that time.
    But this is the first global crisis we're experiencing in the social media age and we've learned that:
    Information spreads fast and False or sensational information spreads faster. So, remember these wise words...
    As Warren Buffet said: "Be fearful when others are greedy and be greedy when others are fearful."
    Homebuyers and long-term investors who have a secure job and income and pre-approved finance should take advantage of any short term downturn in our property markets to set themselves up for the next phase of the property cycle.
    As I said, I'm comfortable with the underlying fundamentals supporting our property markets int the medium to long term.
    Let’s look at a couple of them…
    Population growth Australia’s population is growing by around 360,000 people per annum, meaning we need to build around 170 to 180,000 new dwellings each year to accommodate all the new households.
    Declining housing supply The oversupply of dwellings in many Australian locations is now dwindling and there are very few new large projects on the drawing board.
    Considering how long it takes to build new estates or large apartment complexes, we're going to experience an undersupply of well-located properties in our capital cities in the next year or two.
    Interest rates are low and will go down further The prevailing low-interest-rate environment is making it easier to own a home, either as an owner-occupier or investor.
    Smaller households are becoming the norm Pretty soon Millennials will make up one-third of the property market and their households tend, in general, to be smaller as are the households of the booming 65+ year old demographic.
    More one and two pe

    • 37 min
    The top property investor mistakes to avoid

    The top property investor mistakes to avoid

    What are the common mistakes made by beginning property investors? 
    In today’s show, we’re going to discuss those mistakes and how to avoid them. 
    This episode is one of two that I recorded with Marc and Sally from Finder.com.au. If you heard last week’s episode, you know that we previously discussed the common mistakes that first-time homebuyers make. 
    In this session, Mark and Sally asked me about the common mistakes that beginning investors make so that they, as beginning investors, could avoid them. 
    But there’s a lot of useful information for more experienced investors in our conversation.  Listen in to hear the interview, which is followed by today’s mindset message.
    How to avoid property investing mistakes
    Most property investors are trying to achieve financial independence. But about half of the people who buy an investment property sell up in the first five years. And they often end up selling at a loss, as well. As you can imagine, this does not help in reaching financial independence. Take a look at some common beginning investor mistakes to avoid. 
    Trying to go it alone You should be investing as part of a team, not by yourself. Having a property strategist and a buyer’s agent protects you and helps to level the playing field. 
    Not doing your research Location does the bulk of the work when it comes to your investment property’s capital growth. You can make so much money from rent – but to grow substantial wealth, you need capital growth. 
    That means checking data for the location you choose to see how likely the property is to grow in value over the next ten years.
    Waiting too long Timing the market isn’t that important – well-located properties in capital cities tend to double in value every ten years. 
    Waiting for the “right time” only causes you to lose out on good opportunities.
    Buying what you like or want Remember that when you’re buying an investment property, it needs to appeal to owner-occupiers, because they’re the ones who are going to push up the value. 
    You also need to consider what tenants want. 
    But properties that are built to appeal to investors often aren’t the properties that go up in value, because those properties don’t have the same appeal to owner-occupiers and tenants. 
    Underestimating your running costs You need to plan for regular costs, like taxes, as well as unexpected costs, like damage to the property. Landlord insurance can cover some costs, like tenants leaving or failing to pay the rent, and insurance on the building can cover things like storm damage. 
    But you’ll still need to have money set aside for things that aren’t covered by any insurance.
    Managing your own property Property managers keep up with changing legislations that may affect you as an owner, make sure that insurances are current, and generally provide you with an extra layer of protection while ensuring that things run smoothly.
    Links and Resources: 
    Michael Yardney
    Metropole Property Strategists
    The original episode of this show appeared on The Pocket Money Podcast -  finder.com.au 
    Join Michael Yardney and a group of Australia’s leading experts at his annual Property and Economic Market updates – in Sydney, Brisbane, and Melbourne Use the coupon code PODCAST and come as our guest
    Show notes plus more here: The top property investment mistakes to avoid.
    Some of our favourite quotes from the show: 
    “There’s two groups of people: some who get in too early, some who get in too late.” – Michael Yardney
    “Of the 20 million property investors in Australia, the majority, around 90% never get past their second investment property, which means they never get the financial freedom they’re looking for.” – Michael Yardney
    “Smart investors buy themselves time to ride the ups and downs of the cycle.” – Michael

    • 35 min
    7 common mistakes first home buyers make

    7 common mistakes first home buyers make

    Are you looking at buying your first home now or in the future?
    Then this episode is for you. 
    I’ll be talking with Marc and Sally from Finder.com.au about things first-time homebuyers need to do to make the most of their purchase and the mistakes they should avoid. 
    Even if you’re not a first-time buyer, the property information we discuss is valuable for those who have been through the process before as well. 
    Mistakes First Home Buyers Make
    Buying emotionally – Your first home is not likely to be your last home, so it’s better not to get too emotionally invested in the process. Instead, think of it as an investment, and a stepping-stone to your next property. Not factoring in all of the real costs – Everyone looks at the price of the property first, but it’s important not to let all of the other costs, like stamp duty, conveyancing, moving costs, rates and taxes and insurance and maintenance, body corporate fees, and mortgage fees get left out of the equation. Overextending financially – A mortgage broker can help you navigate loans and work out a budget, so you don’t end up taking on more than you can really afford.  Not doing your proper due diligence – Don’t forget the seemingly little things like building and pest inspections. These can help you avoid potentially big problems down the road.  Not understanding the contract you're signing – Once you’ve signed a contract, you’re obligated to fulfill the terms, so it’s important to understand what you’re getting into. Your legal representative can help make sure that you’re fully informed before signing on the dotted line. Not getting finance pre-approval – When you get your finances organized ahead of time and get a loan pre-approval, you’ll know exactly how much you have to spend and be at less risk of overextending yourself.  Trying to do it on your own – Buyer’s agents, mortgage brokers, and solicitors are all examples of professionals whose expertise can help make sure that your buying process goes smoothly and you get what you want and understand what you’re getting. Don’t try to go it alone.  Links and Resources: 
    Michael Yardney
    Metropole Property Strategists
    The original episode of this show appeared on The Pocket Money Podcast -  finder.com.au 
    Join Michael Yardney and a group of Australia’s leading experts at his annual Property and Economic Market updates – in Sydney, Brisbane, and Melbourne Use the coupon code PODCAST and come as our guest.
    Show notes plus more here: 7 common mistakes first home buyers make
    Some of our favourite quotes from the show: 
    “And the other thing is, if you buy emotionally and overpay, it's going to cost you a lot more than you need, and that's going to be an extra cost in stamp duty and interest for a long, long period of time.” –Michael Yardney
    “When you rent, you don't think about paying things like rates and taxes and insurance and maintenance, body corporate fees, those sort of things.” – Michael Yardney
    “Today, in this current lending environment, it's much, much harder to get a loan, there's a lot more hoops you've got to go through, it takes longer than it used to.” – Michael Yardney
    PLEASE LEAVE US A REVIEW
    Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

    • 28 min

Customer Reviews

Nickle Pickle Tickle ,

Universal Investing Concepts!!!

Thank you Michael for all the sound investing guidance and information! I live in Eugene, Oregon, USA and although much of your focus leans toward Aussie markets - your overall mindset advice and investing experience very easily and effectively extrapolates to my market in the US! I’ve enjoyed listening to you so much over the last year that I’ve been inspired to spend a month in Melbourne with my family for vacation in January! Hope all is well for you! Thank you for giving back to the property investor community! Cheers my friend! -Nick

Invest in knowledge ,

Thank you!

I was introduced to this podcast by my mother and find the information Michael shares incredibly valuable. Inspired by Michael I have decided to take a learning approach in preparation while saving for my first investment property and do this in a job that has me in the car a lot. I love being able to listen to the podcasts in otherwise ‘lost time’ during extensive driving time. Thank you Michael for your dedication in sharing your knowledge and experience in mindset and property
- Caiti Smith

Katie Joy B. ,

Property Made Pleasant

Michael and his wide variety of knowledgeable guests are making property investment pleasant! The great advice they provide, combined with the relatable way in which they deliver it had me hooked from the very first listen. Thanks for putting out such a stellar show Michael - keep up the great work!

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