Episódios
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In today’s show I chat with Ross Elliot, a prominent voice in the property market and urban development.
Ross recently penned a thought-provoking article titled "The Housing Fix We Actually Can Do," where he delves into the impact of taxes on property affordability and offers practical solutions to this pressing issue.
We'll discuss the current tax policies and their effects on housing affordability and explore feasible changes that could significantly improve the situation.
Links and Resources:
Michael Yardney
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Ross Elliott – subscribe to his blog here.
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.
Shownotes plus more here: The Shocking Truth About Property Taxes: Why Your Home is Unaffordable!
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In today’s show, we discuss Domain's latest Profit and Loss Report with Dr. Nicola Powell, the Chief of Research and Economics at Domain.
In this detailed look at the current state of the property market across the country we explore the key findings from the report, dive into regional disparities, and discuss the impact of economic factors like interest rates and inflation on property profitability.
Links and Resources:
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Dr Nicola Powell, Domain’s Chief of Research and Economics
Domain’s Profit and Loss Report
Get a bundle of eBooks and reports – www.PodcastBonus.com.au
Since you’re a fan of podcasts, please subscribe to my Demographics Decoded podcast that I publish every Wednesday with leading demographer Simon Kuestenmacher and allow us to unveil the trends shaping your future. Just follow that show on whatever podcast you’re listening to this podcast.
Shownotes plus more here: Revealed: The Surprising Truth About Property Profits in 2024 with Dr. Nicola Powell
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Today we're going to tackle one of the most critical decisions every property investor faces: where to buy.
It’s often said that the three most important factors in property investment are location, location, and location—but what does that really mean?
Not every suburb or street will deliver the kind of growth and returns you’re hoping for.
To truly succeed, you need to be looking at investment-grade locations—those rare spots that consistently outperform the broader market.
I'm joined by Brett Warren, national director at Metropole Property Strategists and an expert who identifies these high-potential areas. Brett has spent years analysing data, spotting trends, and helping investors make smarter decisions.
Today, he shares his insights on what makes a location investment grade, why some areas rise while others stagnate, and how you can position yourself for maximum growth.
So, if you’re tired of mediocre returns and want your investments to stand out, this episode is for you. We’re going to dive deep into the strategies that will help you choose the right locations and set your property portfolio up for long-term success.
Links and Resources:
Michael Yardney
Brett Warren, National Director of Property at Metropole
Join Brett Warren, Greg Hankinson, Leanne Jopson, and Lachlan Mirams at the Ultimate Property Development Workshop in Melbourne on October 5th – find out more and reserve your spot here
Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.
Shownotes plus more here: Finding Investment-Grade Locations: How to Make Your Property Outperform the Market with Brett Warren
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Welcome to another episode of the Michael Yardney Podcast, and today we're exploring a topic that affects us all: how the way we live has changed.
My guest today, Lucinda Hartley, who has been named one of Australia's 100 most influential women, is a serial founder, technology leader, leading expert in social trends shaping the future of our cities and work, a TEDx speaker, and Chief Growth Officer at Mondas Capital.
Lucinda's written extensively about the disconnect between our evolving lifestyles and our static build environments, so I'd like to discuss how our homes and communities can better adapt to how we live, integrating technology, sustainability and a sense of community into the very fabric of our buildings.
So, whether you're a property investor a homeowner, or just curious about the future of our living, this episode's sure to provide you some valuable perspectives.
Links and Resources:
Lucinda Hartley Urban Strategy Consultant and Chief Growth Officer at Mondus Capital
Subscribe to Lucinda’s blog on Substack here.
Michael Yardney
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Shownotes plus more here: Future Living: Why Our Buildings Need to Catch Up
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In our current fragmented property markets, with some locations performing and others languishing, many investors are looking to "manufacture" capital growth by participating in property development.
While the property development process can be very lucrative, it is not without some pain and considerable risk.
When all goes well, the results are fantastic, but if things go wrong, they really go wrong.
So today, I’d like to give you some insights into getting started on property development with Greg Hankinson, my business partner in Metropole Construction and director of the Metropole Project Development division.
Links and Resources:
Michael Yardney
Greg Hankinson
Join Greg Hankinson, Brett Warren and Lachlan Mirams at the Ultimate Property Development Workshop in Melbourne on October 5th – find out more and reserve your spot here
Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.
Shownotes plus more here: Property Development 101: The Insider’s Guide to Building Your Wealth Fast! With Greg Hankinson
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When it comes to real estate transactions, many buyers wonder, “Do real estate agents lie?”
The short answer is that most real estate agents are honest, hardworking individuals who aim to help their clients achieve their property goals.
However, the nature of negotiations in real estate often involves part-truths, half-truths, and little white lies.
Understanding the difference between an agent withholding information and outright lying is crucial to navigating the property market effectively.
So today, I’m going to help you understand how to deal with estate agents by having a chat with the National Director of Metropole, Brett Warren, about the type of lies you can expect when dealing with an estate agent and how to pick them so the agent doesn’t get the upper hand on you.
Links and Resources:
Subscribe to our new Demographics Decoded Podcast with Simon:
● Apple Podcasts: https://podcasts.apple.com/au/podcast/demographics-decoded-unveiling-the-trends-shaping/id1755981675
● Spotify: https://open.spotify.com/show/6qsThQ6mIXK8RKWlhst1xK
● YouTube: https://www.youtube.com/playlist?list=PLssKuseYAEYwHYfEI262DzEqNQjZKhykA
Michael Yardney
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Brett Warren - National Director Metropole
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
Shownotes plus more here: Buyer Beware: Where real estate agents bend the truth, with Brett Warren
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Today’s episode of the podcast is special because, if you're a property investor or planning to become one, we're going to uncover some shocking new rules that could cost you thousands, something all investors need to know, but we've found many don't know.
So I'm going to be chatting with the National Director of Metropole Property Management, Leanne Jopson, and we're going to talk about some of these new legislative changes.
Now, I'm sure you're aware the governments have implemented a series of legislative changes. State governments are seeming to change the rules over and over again. While the intention is to protect tenants, they've placed a much greater burden on landlords and property managers alike.
We're going to talk about government interference and some of the legislative changes, some of the burden of compliance, and I bet you didn't know the fines that you could face if your property doesn't meet minimum standards. I'll talk a bit about the rental markets and we're going to explain what you need to look for in a property manager.
Links and Resources:
Michael Yardney
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Leanne Jopson – Director Metropole Property Management
Click here to find out how Metropole Property Management can help you maximise the return on your properties
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.
Shownotes plus more here: Government Crackdown on Landlords: Are You Prepared for These New Property Laws with Leanne Jopson
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Today, leading demographer Simon Kuestenmacher and I will explain why the 2030s is going to be an outstanding decade for property.
Now and then there is a significant strategic shift that creates a substantial property boom. Today, you’ll hear why Simon believes the great wealth transfer of up to $6 trillion as the baby boomers die off will create an outstanding property and economic boom.
Today’s show is the third episode of my new weekly podcast Demographics Decoded with Simon Kuestenmacher.
Over the last four years, Simon Kuestenmacher has been one of the most popular regular guests on this podcast, and because we both believe the demographics are going to be one of the main drivers of our property markets, business, and economy moving forward, we are publishing a separate podcast that we’ve called Demographics Decoded where we’re going to unravel the trends that will shape the future of your investment decisions business strategies and organisational planning.
I’m running this episode show here on the Michael Yardney podcast to give you a taste of what’s ahead. However, please stop for a moment and look for Demographics Decoded on whichever podcast app you’re currently listening to this show on, and subscribe to that show as well. I will also leave a link in the show notes to make it easy.
Links and Resources:
Subscribe to the Demographics Decoded Podcast on:
● Apple Podcasts: https://podcasts.apple.com/au/podcast/demographics-decoded-unveiling-the-trends-shaping/id1755981675
● Spotify: https://open.spotify.com/show/6qsThQ6mIXK8RKWlhst1xK
● YouTube: https://www.youtube.com/playlist?list=PLssKuseYAEYwHYfEI262DzEqNQjZKhykA
Michael Yardney
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Simon Kuestenmacher – Director, The Demographics Group
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
Shownotes plus more here: The Great Wealth Transfer – Baby Boomers Passing the Torch to the Next Generation with Simon Kuestenmacher
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Today’s episode is a Q&A show. In fact it’s the replay of a recent webinar where Ken Raiss, Brett Warren and I answered a wide range of questions asked by the participants.
In this episode Ken Raiss, Brett Warren and I answer questions about the recent changes to the Tenancies Act in Victoria and explore the potential impacts on property investors.
We provide strategic advice on navigating the new legislative landscape, leveraging historical cycles, and maximizing returns on investment-grade properties.
Links and Resources:
Michael Yardney
Why not get the team at Metropole on your side to give you holistic property and wealth advice– find out more here
Brett Warren - National Director Metropole
Ken Raiss, director Metropole Wealth Advisory
Have a chat with Ken Raiss and the team at Metropole Wealth Advisory to secure your financial future – click here
Get Ken Raiss’ report: Your Guide to Understanding Ownership Structures & Trusts – just click here
Get your bundle of E-books and resources as my gift for subscribing to this podcast www.PodcastBonus.com.au
Shownotes here: Unlocking Property Wealth – Your Questions Answered, with Ken Raiss and Brett Warren
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Today’s show is the second episode of my new weekly podcast with Simon Kuestenmacher. We’ll be talking about tribes. And let’s face it – we all belong to one.
So, as a property investor, business owner, or entrepreneur, you really must understand how the various tribes think and what they want out of life.
For the last four years, Simon has been one of the most popular regular guests on this podcast and because we both believe the demographics are going to be one of the main drivers of our property markets, business, and economy moving forward, we are publishing a separate podcast that we’ve called Demographics Decoded where we’re going to unravel the trends that will shape the future of your investment decisions business strategies and organisational planning.
I’m running the show here on the Michael Yardney podcast to give you a taste of what’s ahead, but please stop for a moment and look for Demographics Decoded on whichever podcast App you’re currently listening to this show on and subscribe to that show as well. There is also a link below to make it easy.
Links and Resources:
Subscribe to the Demographics Decoded Podcast on:
● Apple Podcasts: https://podcasts.apple.com/au/podcast/demographics-decoded-unveiling-the-trends-shaping/id1755981675
● Spotify: https://open.spotify.com/show/6qsThQ6mIXK8RKWlhst1xK
● YouTube: https://www.youtube.com/playlist?list=PLssKuseYAEYwHYfEI262DzEqNQjZKhykA
Michael Yardney
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Simon Kuestenmacher – Director, The Demographics Group
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
Shownotes plus more here: Demographics Decoded: The Tribes Shaping Australia’s Future with Simon Kuestenmacher
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Each month I get together with leading financial commentator Pete Wargent, who brings decades of perspective to his views and we discuss the clues in the news as to what’s ahead, for our economy and property markets.
Today we discuss the outlook for inflation and interest rates and what this means for our housing markets, an update on what APRA had to say about when they plan to loosen their lending buffers, home loan approval figures which give us an indication of what’s ahead, what the plan to reduce international students to Australia could mean to our housing markets and the economy, and what’s really happening in the Melbourne property market.
I hope by the end of today's show you’ll have a bit more clarity with all the mixed messages in the media.
Links and Resources:
Metropole’s Strategic Property Plan – to help both beginning and experienced investors
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
Pete Wargent’s blog
Pete Wargent’s new book: The Buy Right Approach to Property Investing: Mastering the Skills to invest wisely in Property
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.
Shownotes plus more here: Navigating our Economic and Property Markets | Big Picture Podcast
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Hi, and welcome to another episode of the Michael Yardney podcast;.
This is a very special episode because I’m introducing the new second podcast that I’ll deliver each week with leading demographer Simon Kuestenmacher.
For the last four years, Simon has been one of this podcast's most popular regular guests. Because we both believe the demographics are going to be one of the main drivers of our property markets, business, and economy moving forward, we are publishing a separate podcast we’re calling Demographics Decoded, where we are going to unravel the trends that will shape the future of your investment decisions, business strategies and organizational planning.
We will unpack the data to unveil the future migration pattern and generation changes, which will impact industries and economies.
While you're hearing the show today on the Michael Yardney podcast, Demographics Decoded has its own channel on all podcast apps and YouTube.
I’m just running the show here on the Michael Yardney podcast to give you a taste of what’s ahead, but please stop for a moment and look for demographics decoded on whichever podcast app you’re currently listening to this show on and subscribe to that show as well. I will leave a link in the show notes to make it easy.
So on with episode # 1 of the Demographics Decoded Podcast - I hope you enjoy it and please remember to subscribe on your favorite podcast app.
Links and Resources:
Subscribe to the Demographics Decoded Podcast on:
● Apple Podcasts: https://podcasts.apple.com/au/podcast/demographics-decoded-unveiling-the-trends-shaping/id1755981675
● Spotify: https://open.spotify.com/show/6qsThQ6mIXK8RKWlhst1xK
● YouTube: https://www.youtube.com/playlist?list=PLssKuseYAEYwHYfEI262DzEqNQjZKhykA
Michael Yardney
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Simon Kuestenmacher – Director, The Demographics Group
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
Shownotes plus more here: Demographics Decoded with Simon Kuestenmacher Unveiling the trends that will shape your future
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Today, Ken Raiss, director of Metropole Wealth Advisory, joins me to discuss a topic close to the hearts of many parents. We'll explore the various ways you can help your children enter the property market and secure their financial future.
So, if you’re a parent looking to support your kids in buying their first property, or if you’re just curious about the various ways to assist the next generation in achieving property success, I'm sure today’s discussion with Ken will be valuable.
He will share practical strategies and insightful tips to guide your children toward homeownership, ensuring they start their property journey on the right foot.
Links and Resources:
Subscribe to our new Demographics Decoded Podcast with Simon Kuestenmacher on Apple Podcasts or Spotify or YouTube
Ken Raiss, director Metropole Wealth Advisory
Have a chat with Ken Raiss and the team at Metropole Wealth Advisory to secure your financial future – click here
Get Ken Raiss’ report: Your Guide to Understanding Ownership Structures & Trusts – just click here
Why not get the team at Metropole on your side to give you holistic property and wealth advice– find out more here
Get your bundle of E-books and resources as my gift for subscribing to this podcast www.PodcastBonus.com.au
Shownotes plus more here: Securing Their Future: Helping Your Kids Enter the Property Market, with Ken Raiss
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It was the blunt but ingenious billionaire Kerry Packer who memorably explained to a stunned parliamentary committee exactly how the tax system works.
The late business tycoon said, “I'm not evading tax in any way, shape, or form. Now, of course, I'm minimising my tax, and if anybody in this country doesn't minimise their tax, they want their heads read, because, as a government, I can tell you you're not spending it that well that we should be donating any extra now.”
This classic summary of how things really work on the ground is just as accurate today as it was 33 years ago, and it'll probably remain accurate for many decades to come.
So, have you ever wondered how the wealthy seem to pay less tax than the average person?
Well, my guest today is accountant Alan Mason, who was Kerry Packer's former accountant, and he's the author of the book The Tax Secrets of the Rich.
Our discussion today will be critical for all businesspeople, but if you're a property investor, you are in the business of providing rental accommodation, so let's find out the tax secrets the tax office doesn't want you to know about.
Proven Tax Strategies from Alan Mason
The wealthy use sophisticated tax strategies to legally minimize their tax obligations and build substantial wealth.
Alan Mason, the former accountant of billionaire Kerry Packer and author of Tax Secrets of the Rich, shares his vast experience in our conversation today, offering valuable tips for businesspeople and property investors looking to optimise their tax strategies.
We discuss:
● Alan Mason’s 40-year career in tax and accounting, focusing on strategies used by high-net-worth individuals to legally minimize tax obligations
● Kerry Packer's impact on business and cricket
● Debunking common tax myths
● The importance of having a proactive and knowledgeable advisor
● Legal avenues such as charities and foundations that high-net-worth individuals use to minimize tax liabilities while maintaining transparency with the ATO
● Strategies for handling complex transactions
o Restructuring deals to be more tax-effective
o The importance of pre-planning for tax liabilities
● Strategies for property investors
o Offsetting capital gains with losses
o Prepaying interest to minimize tax bills
● The significance of proper record-keeping and leveraging tax refunds to grow a portfolio
● Adopting a millionaire mindset
o Questioning the status quo
o Seeking quality advice
o Investing in professional advisors
● Where people can find Alan’s book
By the end of this episode, you'll gain a deeper understanding of the strategic tax planning and wealth-building strategies used by the rich, which will give you practical advice to grow your financial independence.
Links and Resources:
Michael Yardney
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
About Allan Mason
Tax Secrets of the Rich - Buy Allan’s book here
Get a bundle of eBooks and reports = www.PodcastBonus.com.au
Some of our favorite quotes from the show:
“Many people who have family trusts don't even understand the importance of the various people in the trust. So, you are mentioning the trustee can be changed, and this means it's important to become the appointor.” – Michael Yardney
“So really what we're talking about is building up passive residual income that you don't have to work for anymore, and your money's working for you even when you're asleep or away on holidays.” –Michael Yardney
“You see, the path to becoming wealthy is a long journey. The self-made millionaires in Tom's study understood how hard it was to accumulate their wealth, and because of this, because of their smart money mindset, I guess that got them there.” – 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
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On today’s episode, I chat with Brett Warren about asking the right questions before buying that next property because doing that can make all the difference between a profitable venture and a costly mistake.
I’m sure you've heard me say before that property investment is a process, not an event, and the property that you're going to eventually buy should be the physical manifestation of a whole lot of decisions you make. So, in today's episode, we're going to explore the top 10 questions you've got to ask before making that next big purchase, and they're going to help you evaluate potential investments and understand market dynamics.
We're going to try and make sure that you set yourself up for long-term success.
So, by the end of this episode, you should have a comprehensive checklist to help you make informed and confident decisions in your property investment journey.
Essential Questions to Ask Before Your Next Property Purchase
● Does this property fit into my long-term investment strategy?
o Ensuring that the property aligns with your long-term financial goals and risk profile is essential for sustained success in property investment.
● Have I created a comprehensive investment strategy?
o A documented and proven strategy helps you make informed and confident decisions, reducing the likelihood of costly mistakes.
● What is the true value of the property?
o Understanding the property's value through recent comparable sales and intrinsic values helps set realistic market value thresholds and avoid overpaying.
● What are the current market trends in the area?
o Knowledge of market trends ensures that you are investing in an area with strong growth potential and avoids the pitfalls of investing based on outdated or unreliable data.
● Have I secured pre-approval for finance?
o Pre-approval provides clarity on your budget, strengthens your negotiating position, and ensures you can make a firm offer without finance contingencies.
● Do I understand the local area and its growth potential?
o Local expertise is crucial for making informed decisions and understanding factors that can affect the property's value and rental demand.
● Is the property investment grade?
o Not all properties are suitable for investment. Investment-grade properties offer strong capital appreciation, and steady cash flow, and are in high demand.
● What is the cash flow and repayment capacity for this property?
o Understanding cash flow and having a financial buffer is essential to handle unexpected expenses and ensure you can manage the property sustainably.
● What ownership structure is best for this property?
o Choosing the right ownership structure can optimize tax benefits and provide asset protection.
● Have I conducted thorough due diligence on the property?
o Assessing body corporate fees, potential structural issues, and other hidden costs helps avoid surprises and ensures the property is a sound investment.
● Am I approaching this decision as an investor or am I emotionally involved?
o Emotional decisions can lead to poor investments. Staying objective and focusing on the property's financial viability is crucial for long-term success.
Hopefully, after listening to this episode you’ve learned insights and tools you can use to enhance your investment journey and ultimately reach your financial goals. By asking these questions, you can make well-informed decisions that align with your investment goals and mitigate risks in your property investment journey.
Links and Resources:
Michael Yardney
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us.
Brett Warren - National Director Metropole
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
Some of our favourite quotes from the show:
“It’s not as simple as some of the people tell you on social media. You can't buy 10 properties in 10 minutes, but if you have the right strategy, you definitely can outperform the markets .” – Michael Yardney
“I've often said I don't think I've ever bought a bargain. By the way, in today's very informed market, if it looks like a bargain, be very wary .” – Michael Yardney
“Complaining is not for winners in life. You must focus on what you can do, not what you can't do. You must focus on opportunities, not on difficulties.” – 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
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Today we discuss a topic that many property investors across Australia are concerned about. Considering the rising cost of holding investment properties, is it still worthwhile to invest in real estate?
Joining me is Stuart Wemyss, a respected independent financial advisor, author, and founder of Pro Solution Private Clients, and together we're going to be exploring the reasons behind some of the escalating holding costs, the impact on investors, and whether property investment really continues to be a sound long-term strategy.
Stuart will also share his thoughts on how investors can mitigate some of these costs and what the future holds for our property markets. So, whether you're just starting out and not sure about all the negative news you're hearing, or you're a seasoned investor and just want some confidence to keep going, this episode's packed with valuable information you're not going to want to miss.
Links and Resources:
Michael Yardney
Stuart Wemyss – Prosolution Private Clients
Stuart’s Books – Rules of the Lending Game & Investopoly
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Shownotes plus more here: Rising Holding Costs: Is Property Investment Still Worth It? With Stuart Wemyss
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Today’s episode will be a bit different than usual. Joining me today is Brett Warren, National Director of Metropole Properties, and we're dedicating this entire episode to answering your questions.
So, whether you're a seasoned investor or just starting on your property journey, stick around because we've got some great questions and even better answers coming up. Let's jump right in!
Links and Resources:
Michael Yardney
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Brett Warren - National Director Metropole
Shownotes plus more here: Investor insights: your property questions answered, with Brett Warren
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In today’s show, Ken Raiss and I will discuss inheritance strategies to help make your children richer.
Whether you've already built substantial wealth or are just starting your financial journey, it's never too early or too late to start thinking about how to pass on your wealth to the next generation.
Today Ken shares his insights and expertise on estate planning, trust structures, and tax implications of inheritance.
We discuss the pros and cons of different strategies, including gifting, testamentary trusts, and family trusts, and explore how these can be tailored to your specific needs and circumstances.
So, whether you're a parent looking to provide for your children's future, or just curious about inheritance strategies and how they work, this episode is for you.
Estate Planning Essentials with Ken Raiss
I hope that by the end of this episode, you’ll gain a deeper understanding of how to craft a legacy that not only protects your assets but also prepares the next generation for financial success. Ken's expert insights provide valuable guidance for anyone looking to secure their family's financial future and ensure a smooth transfer of wealth.
We discuss:
● Inheritance strategies for wealth transfer, focusing on estate planning, trust structures, and tax implications
● Importance of creating a strong will and communicating effectively with family members to avoid contested wills
● The benefits and flexibility offered by family security trusts, testamentary trusts, and charitable foundations
● Strategies for financially educating family members to ensure they understand and respect the assets they will inherit
● Complexities of blended families and how to safeguard assets for original children
● Special disability trusts to protect and provide for children with disabilities
● Business succession planning
o Key agreements
o Insurance considerations
● Importance of involving children in financial responsibilities
● Education trusts and their role in funding children’s schooling in a tax-effective manner
Links and Resources:
Ken Raiss, director Metropole Wealth Advisory
Have a chat with Ken Raiss and the team at Metropole Wealth Advisory to secure your financial future – click here
Get Ken Raiss’ report: Your Guide to Understanding Ownership Structures & Trusts – just click here
Why not get the team at Metropole on your side to give you holistic property and wealth advice– find out more here
Get your bundle of E-books and resources my gift for subscribing to this podcast www.PodcastBonus.com.au
Some of our favorite quotes from the show:
“In essence, the owner of the assets doesn't change, it's the trust, it's just the people who control it, who have access to it, that change.” – Michael Yardney
“A testamentary trust can be set up during your lifetime. It forms part of your will, but it only comes into effect upon your death.” – Michael Yardney
“And here's a little-known secret to success that only a small number of employees have ever discovered: going that extra mile is an investment in themselves.” – 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
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Welcome to another Big Picture episode of the Michael Yardney podcast, where I chat with leading financial commentator Pete Wargent.
Since our last chat, a lot's happened, including rising inflation causing embarrassment to the Reserve Bank, with some commentators now speculating interest rates will rise again.
As usual, there are clues in the news as to what's ahead for our economy and our housing markets and we discuss a raft of macro and microeconomic factors that should give you some clues as to what's ahead for our housing markets.
Housing Market Hurdles and Economic Trends in Australia
We discuss:
● The May inflation figures and their potential impact on future interest rate hikes
● How government spending, particularly federal and state budgets, is contributing to inflation
● Rising living costs and electricity prices and their effects on spending habits across different demographics
● Challenges faced by the Australian government's target to build 1.2 million homes by 2029
o High cash rates
o Reduced investor interest
o Soaring construction costs
● Comparing current construction trends to peak periods like 2017
● The roles of foreign buyers in the market
● Insights from Pete’s book, The Buy Right Approach to Property Investing Mastering the Skills to Invest Wisely in Properties.
This episode is packed with expert insights from Pete and practical tips, making it a must-listen for anyone interested in understanding and navigating the complexities of Australia's economic and housing market landscape.
Links and Resources:
Metropole’s Strategic Property Plan – to help both beginning and experienced investors
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
Pete Wargent’s blog
Pete Wargent’s new book: The Buy Right Approach to Property Investing: Mastering the skills to Invest Wisely in Property
Some of our favorite quotes from the show:
“Well, the May housing approval figures came out and they shot up a little bit, but we're still nowhere near the sort of figures we're going to need to reach that target.” – Michael Yardney
“I guess what we're saying is that unemployment is going to rise a little bit. The Reserve Bank wants that, but that may slow inflationary pressures down a little bit. But there's still jobs out there if you're wanting them.” – Michael Yardney
“The message here is most of the critics actually sit on the sidelines. They're not in the arena, they don't try.” – Michael Yardney
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For years, the dream of homeownership has seemed increasingly out of reach for many. But what of those who can't even afford to rent Social Housing? Waiting lists are overflowing and the number of available dwellings just needs to catch up.
Today Nicola McDougall, chair of the Property Investment Professionals of Australia (PIPA) joins me and passionately advocates for a fair and more effective approach to social housing. You see, despite the government raking in billions of dollars from property taxes each year, our social housing stock has remained stagnant, and the number of people in desperate need of housing continues to rise.
Now, I'm not talking about affordable housing. We’ll explain the differences, but unfortunately, private investors are often being blamed for this crisis. That's not the case. Nicola will help unpack the reasons behind the housing shortfall, discuss some of the impacts of government policies, and we're going to explore what needs to be done to provide adequate housing for all Australians.
Understanding Social Housing and Private Investment in Australia
In today’s conversation with Nicola McDougall, we dive into the intricacies of Australia's social housing crisis and its impact on private investors. We discuss statistics, government policies, and strategic investment opportunities in a challenging market.
● The differences between social housing (government-provided for the most vulnerable) and affordable housing (making renting and purchasing more accessible)
● 175,000 households on social housing waiting lists, stagnant social housing stock despite 33% population growth
● Decline in social housing stock in New South Wales, Victoria, Queensland, and Western Australia
● The role of private investors in providing rental housing
● Critique of government policies, including ineffective housing initiatives and the financial burdens placed on private investors
o Anti-investor legislation, such as increased property taxes and rental reforms, and their exacerbating effects on the housing crisis
● Potential government incentives to encourage private investment in rental housing, including adjustments to capital gains tax
● Challenges faced by highly leveraged property investors in a high-interest-rate environment
● Opportunities in Melbourne's low vacancy rates and skyrocketing rents
● Importance of portfolio diversification across different states and working with wealth strategists to outperform the market
● Hidden taxes in the New South Wales budget, such as the shift of emergency service levies from insurance companies to property owners
Whether you're a seasoned property investor or you’re just concerned about Australia's housing future, this episode offers valuable perspectives and actionable advice.
Links and Resources:
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Some of our favorite quotes from the show:
“Anyway, it’s the government’s job to help the disenfranchised people in Australia, and in general, it's not their fault, so this is not a judge of people.” -- Michael Yardney
“Clearly, the government has no idea what it costs to construct high-rise dwellings. And if they do offer discounted rents to essential workers, and I'm not against the idea, I'm just saying the numbers don't work – where's the profit going to come from?”-- Michael Yardney
“But here's the problem. Oftentimes, exploiting your own innate abilities requires an enormous investment of your time before the investment begins to pay dividends. And because the investment doesn't produce immediate rewards for many people, it ends up being a problem.”-- 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
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