No one wants to pay more tax than they need to, and no one wants to get in trouble with the tax man, so today Ken Raiss and I interview Rob Thompson, Assistant Commissioner of Taxation, who has a front-row seat to the intricacies of our tax system, and he’s here to help unpack some of the complexities that property investors like you often face. 

Today we’ll be discussing 

•     The ATO’s data matching program for property investors 
•     The tax gap of $1.2 billion and why it’s relevant to rental property investors 
•     PAYG instalments 
•     The difference between deductible repair expenses, initial repairs and improvements and 
•     The ATO’s new borrowing expenses calculator (this can be something we plug in the podcast and include links and more information in the show notes). 
•     How to Pay As You Go instalments help manage tax bills throughout the year. 
•     Understanding your tax obligations to avoid mistakes. 
•     Treating your property investments like a business, not a hobby. 

Chapters 

04:09 The Importance of Data Matching and Compliance 

07:05 Navigating Property Management Data 

09:45 Distinguishing Between Repairs and Capital Improvements 

12:19 Initial Repairs vs. Ongoing Maintenance 

15:15 Understanding Depreciating Assets and Their Claims 

18:17 Managing Interest Expenses and Tax Gaps 

21:26 Claiming Borrowing Expenses Effectively 

24:14 PAYG Installments for Property Investors 

26:04 Final Thoughts on Tax Obligations and Compliance 

32:21 The Value of Struggle in Success 

Links and Resources:  

Michael Yardney  

Ken Raiss – Director Metropole Wealth Advisory 

Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us  

•     Tax time toolkit for investors: ato.gov.au/Investorstoolkit 
•     Rental properties guide: ato.gov.au/rentalsguide  
•     Rental video series: ato.gov.au/Rentalvideos 
•     Tax statistics: ato.gov.au/taxstats  

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 Tax Man Knows More About Your Property Investments Than You Think – Assistant Taxation Commissioner Rob Thompson

Have you ever wondered what makes the greatest investors in the world not just wealthy, but truly fulfilled and happy?  

Well, today, we’re going to explore that question with someone who’s had the unique opportunity to sit down with the legends of the investing world – best selling author, William Green,  the author of Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life,  

William has spent decades interviewing and learning directly from icons like Warren Buffett, Charlie Munger, and Sir John Templeton.  

But what’s fascinating about William’s work is that it’s not just about investing. It’s about uncovering the principles and mindsets that can lead to a richer life—financially, yes, but also emotionally and intellectually. 

Our chat emphasised that true wealth isn't just about financial success; it also involves achieving a balanced and fulfilling life. 

Takeaways 

•     The power of compounding is essential for wealth creation. 
•     Investing requires a mindset focused on continuous learning. 
•     Humility is crucial in avoiding overconfidence in investing. 
•     Delayed gratification is key to long-term success. 
•     Wealth is not just about money; it's about life balance. 
•     Kindness can be a competitive advantage in business. 
•     Learning from adversity is vital for growth. 
•     Cloning successful strategies can lead to better outcomes. 
•     Navigating uncertainty requires preparation and humility. 
•     True wealth includes health, relationships, and contribution. 

Chapters 

00:00 Introduction to Richer, Wiser, Happier 

03:58 William Green's Journey to Investing 

07:52 Lessons from Legendary Investors 

13:26 Mindset of Successful Investors 

16:10 Balancing Wealth and Life 

20:55 Avoiding Stupidity in Investing 

22:51 Understanding Market Complacency and Risk 

24:58 The Art of Delayed Gratification in Investing 

27:23 The Power of Compounding in Wealth and Wisdom 

30:00 Compounding Goodwill and Building Relationships 

32:10 Navigating Uncertainty in Investing 

36:17 The Role of Humility and Luck in Success 

39:16 The Importance of Sharing and Giving Back 

42:34 Simple Ideas for a Richer, Happier Life 

46:17 The Power of Peer Groups in Investing 

49:23 The Ant Philosophy: Never Quit 

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 

William Green - Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life  

Join us at Wealth Retreat - Australia’s Premier Wealth Retreat for Elite Investors and Business People www.WealthRetreat.com.au   

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: Richer, Wiser, Happier – How the world’s greatest investors win in markets and life

We have just wrapped up another fascinating year in property, so it’s the perfect time to reflect on the trends, surprises, and key events that shaped the housing markets in 2024, and more importantly, look ahead to what 2025 might bring.  

Joining me today is Dr. Nicola Powell, Chief of Research and Economics at Domain.  

Together, we’ll unpack the major shifts we’ve seen this year, explore what they mean for investors and homeowners, and discuss the outlook for the year ahead in Domain’s End Of Year Wrap Up report.  

At the end of our show today you should have some more clarity on what lies ahead for our housing markets, so let’s get started and see what lies in store for property in 2025. 

Takeaways 

•     2024 was a year of economic turmoil, but the housing market showed resilience. 
•     Interest rates remaining high have created uncertainty for buyers and sellers. 
•     The rental market is experiencing a shift with increased stock and lower vacancy rates. 
•     Melbourne's property market has underperformed due to various factors that we discuss 
•     Political policies will play a significant role in shaping the housing market in 2025. 
•     Sustainability is becoming increasingly important for buyers in the property market. 
•     The demand for green homes is rising, leading to quicker sales and higher prices. 
•     2025 is expected to be a year of two halves, with potential growth in the second half. 
•     Regional markets are seeing interest from buyers seeking affordability. 
•     Understanding market dynamics is crucial for successful property investment.  

Chapters 

03:57 Surprises and Predictions for 2024 

06:49 Melbourne's Market Dynamics 

09:47 Shifts in Buyer Preferences 

12:52 Regional vs. Capital City Markets 

15:50 Forecasts for 2025 

18:42 Government Policies and Their Impact 

21:55 Sustainability Trends in Housing 

24:40 Economic Concerns and Market Resilience 

27:55 Final Thoughts and Predictions 

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  

Dr. Nicola Powell, Chief of Research and Economics at Domain.  

Domain End-of-year Wrap 2024  

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 the Property Market: 2024 Insights and 2025 Forecasts from Domain with Dr. Nicola Powell

In this special year-end episode of the Michael Yardney Podcast, I chat with Stuart Wemyss about the key lessons we've both learned from the property markets in 2024 and what we can expect in 2025.  

Let’s face it, 2024 threw plenty at us—rate movements, geopolitical turmoil, falling consumer confidence, uncertainty about rate movements, shifting buyer behaviour, and a housing market that continued to keep investors on their toes.  

So we explore the impact of interest rates, regional market performance, and the mindset needed for successful property investment in 2025.  

Takeaways 

•     The fundamentals for property in 2025 are sound but it's likley to be a year of 2 halves. 
•     Government policies and economic conditions will shape the property landscape in 2025. 
•     Successful investors focus on long-term strategies rather than short-term noise. 
•     Understanding the multifaceted nature of property is crucial for making informed decisions. 
•     The importance of asset selection cannot be overstated in a fluctuating market like we're experiencing. 
•     Interest rates are expected to stabilise or decrease, impacting investor confidence in the second half of the year. 
•     Perth and Adelaide have shown strong performance due to affordability - but will likley slow down in 2025. 
•     Investor behaviour can significantly influence market trends and property values. 
•     Luck plays a role in property investing, but preparation and knowledge are essential. 
•     Making good long-term decisions is essential for sustained success in property investment. 

Chapters 

00:00 Reflecting on 2024: Lessons Learned 

04:29 Market Dynamics: Interest Rates and Borrowing Capacity 

07:15 Regional Markets: The Rise of Adelaide, Perth, and Brisbane 

10:39 Melbourne's Underperformance: Economic Factors at Play 

13:16 Investor Sentiment: The Media's Role and Market Perception 

16:38 Navigating Supply and Demand: Quality vs. Quantity 

19:25 Creating Your Own Luck: The Importance of Preparedness 

22:29 Looking Ahead: Predictions for 2025 

25:23 The Role of Financial Services in Property Investment 

28:27 Risks and Pitfalls: Caution for Investors 

31:36 Long-Term Focus: Making Informed Decisions for the Future 

36:44 Navigating Uncertainty in Property Investment 

38:46 Winners vs. Losers: The Mindset Divide 

40:09 The Power of Choice: Taking Responsibility 

40:45 Understanding Market Trends 

Links and Resources:  

Michael Yardney  

Stuart Wemyss – Prosolution Private Clients  

Stuart’s Book – 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  

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: 2024 in Review: Lessons from the Housing Market and Predictions for 2025 with Stuart Wemyss

In this “Big Picture” episode of my podcast 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 the property markets. 

Today we discuss the amended outlook for 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, what America’s new president Donald Trump may mean for Australia, the Help to Buy Scheme, and Australia’s ongoing Per Capita Recession. 

I hope by the end of today’s show you’ll more clarity about what all this means for our economy and housing markets in 2025. 

Takeaways 

•     Inflation has recently fallen to 2.1%, but interest rates won’t fall any time soon. 
•     APRA's lending buffers are not set to change soon. 
•     Donald Trump’s tariff move could change the game for Aussie property investors 
•     The rental price boom is showing signs of easing, but rents will keep rising in 2025 
•     2025 is expected to be a steady year for property, with slower capital growth 
•     Mortgage stress remains a concern for many homeowners. 
•     Government schemes like Help to Buy aim to assist first-time buyers, but will only increase property values. 
•     Wealth in Australia continues to rise despite our economic challenges. 
•     Black Friday sales have shifted consumer spending habits. 

Chapters 

00:00 Overview of the Year in Property 

09:50 Impact of Government Policies on Housing 

21:34 Government Schemes and Their Implications 

27:04 Navigating Uncertainty in Property Investment 

31:47 Understanding Market Trends 

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 

Pete’s other book – The New Wealth Way 

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: What Will 2025 Bring for Australian Real Estate? Your Big Picture Guidewith Pete Wargent

In this special end-of-year episode, we take a step back to reflect on the rollercoaster that was 2024 in the housing markets and gear up for what promises to be an equally fascinating 2025.

And who better to do it with than Pete Wargent, one of Australia's most respected financial and housing market analysts?

Together, we’ll unpack the highs, lows, and surprises of this past year, and share the lessons we've learned over the past year and offer insights into what we can expect in 2025, including predictions for regional markets and potential risks for investors.

Throughout our conversation you'll find that we emphasise the importance of maintaining a long-term perspective in property investment and crafting a solid strategy to navigate the evolving market landscape.

Takeaways

• ·       2024 demonstrated the importance of having long-term investment strategies.
• ·       The housing market showed unexpected resilience in 2024.
• ·       Job market strength has been a significant surprise this year.
• ·       The rental crisis will continue to be a pressing issue in 2025.
• ·       Investors should focus on owning quality properties rather than quantity.
• ·       Construction costs are not increasing as much as they were before, but won't decrease in the long term.
• ·       Understanding market cycles is crucial for property investors.
• ·       Melbourne is emerging as a potentially undervalued market.
• ·       Having a clear investment plan is essential for investment success.

 Chapters

00:00 Reflecting on 2024: A Year in Review

08:45 The Impact of Interest Rates on Property

15:10 Challenges Faced by the Property Market

21:33 Looking Ahead: Predictions for 2025

27:29 Summarizing 2024: Resilience in the Market

29:40 The Impact of Pessimism on Success

34:35 The Importance of Optimism and Teamwork

34:45 Introduction to Real Estate Investment

34:46 Understanding Market Trends and Analysis

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 

Pete’s other book – The New Wealth Way 

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. 

It’s customary at the end of the year to look back at the year that was and then look forward to making some predictions for our housing markets for the year ahead, and in today’s show, Dr Andrew Wilson and I explore the trends that will shape the property markets in 2025. 

Takeaways

•        The housing market in 2024 has been consolidating after a strong rebound in 2023.
• 2025 is likely to be a year of 2 halves, and the markets will rebound when interest rates fall.
•        Melbourne's property market is underperforming compared to other capitals but offers significant future opportunities as you can buy well located properties with substantial built in equity.
•        Interest rates will likely remain steady till the middle of 2025, impacting buyer activity and market sentiment.
•        Over 2024, Brisbane, Perth, and Adelaide property markets grew strongly and attracted investors, often buying secondary properties sight unseen
•        Rental growth has slowed due to affordability barriers, but vacancy rates remain extremely low.
•        Investors are returning to the market, particularly in states with strong capital growth.
•        The economic outlook remains positive, supporting housing market stability in 2025.
•        Local factors will drive price growth in 2025, rather than national trends.
•        Understanding demographic trends is crucial for property investors.
•        A strategic property plan can help investors navigate the current market conditions with more certainty.

Chapters

01:24 Year in Review: Housing Market Insights

04:16 Trends and Predictions for 2025

07:31 Regional Market Dynamics: Brisbane, Perth, and Adelaide

10:19 Melbourne's Market Challenges and Opportunities

13:15 Interest Rates: Current Landscape and Future Outlook

16:10 Investor Behavior and Market Shifts

19:21 Rental Market Trends and Affordability Issues

22:14 Investment Opportunities in a Changing Market

25:04 Consolidation and Future Growth Prospects

32:16 Introduction to Property Investment Trends

36:14 Introduction to Real Estate Investment

36:15 Understanding Market Trends and Analysis

37:39 Special Offers and Resources for Listeners

39:02 Understanding Property Investment Strategies

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 

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: Looking Back, Leaping Forward: Dr. Andrew Wilson’s Predictions for 2025

Today Simon Kuestenmacher and I explore why young Australians are increasingly delaying their dreams of homeownership. 

We've all heard about skyrocketing property prices and the challenges of securing a mortgage but, as you’ll hear, there's more to the story than just affordability.  

Sure, property prices present a significant barrier, but we also examine lifestyle changes, such as extended periods in education and the prioritisation of experiences over material possessions, reshaping the housing market landscape.  

We also discuss some very important demographic shifts, including the transition of millennials from urban rentals to suburban family homes, and highlight the rise of build-to-rent and co-living spaces. 

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 

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: Homeownership Dreams on Hold: What’s Really Stopping Younger Generations? With Simon Kuestenmacher

In this episode of Michael Yardney Podcast I’m joined by Brett Warren to challenge a common belief many beginning property investors hold: that those who bought into the market 20 years ago had it easy.  

It’s a complaint I hear often—‘If only I had bought back then, property was so affordable.’  

But what if we told you that investing in property has never been easy? The investors who succeeded weren’t simply lucky—they were those who stayed the course through thick and thin. 

We’ll also share the story of Joseph, one of our clients who bought a 2 bedroom apartment in Marrickville, Sydney, back in 2008 and paid $280,000 for his property, which is now valued at nearly $1 million.  

Takeaways

•        Investing in property has always been challenging, regardless of the era.
•        Long-term thinking is crucial for successful property investment.
•        Emotional resilience helps investors navigate market fluctuations.
•        A strategic plan is essential for achieving investment goals.
•        Quality assets should be prioritised over the quantity of properties owned.
•        Market cycles are inevitable; understanding them is critical to success.
•        Investors should focus on fundamentals rather than short-term data.
•        Education and self-improvement are vital for financial success.
•        Networking with experienced investors can provide valuable insights.
•        Patience and a long-term vision are necessary for wealth creation.

Chapters

04:39 Long-Term Focus and Patience in Investing

07:40 Emotional Resilience in Property Investment

10:28 The Importance of a Strategic Plan

13:31 Quality Over Quantity in Property Assets

16:47 Understanding Market Cycles and Trends

19:30 Navigating Interest Rates and Economic Factors

22:46 The Window of Opportunity in Property Investment

24:45 The Importance of Reading for Wealth

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 

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 Myth of ‘Easy’ Property Wealth – What Investors Need to Know, with Brett Warren

Shownotes plus more here: The Myth of ‘Easy’ Property Wealth – What Investors Need to Know, with Brett Warren 

Our real estate markets have surprised many on the upside this year– especially considering high interest rate environment, but what lies ahead for our real estate markets now? 

That’s what we discuss in today’s show 

Looking back at how previous property cycles played out, I delved back into my memory to see what lessons I could learn from past property cycles I realised that I’ve probably learned more from the many mistakes I’ve made than from the things I got right. 

Now there’s a powerful lesson in itself! 

Anyway…in today’s show I share 4 key lessons I wish I’d learned earlier in my investment journey about property cycles. 

Takeaways

·       Understanding property cycles is crucial for investors.

·       The current property cycle began in 2023 and is still evolving.

·       Market sentiment often misguides investors about property cycles.

·       Quality properties outperform cheaper ones in the long run.

·       Different property segments react differently to market changes.

·       Allow for unforeseen events, or 'X factors', in investment planning.

·       Investors should focus on long-term strategies rather than short-term gains.

·       Investors should be cautious of crowd psychology in property markets.

·       Planning is essential for successful property investment.

Chapters

06:31 Market Sentiment and Its Impact

11:46 Diverse Property Markets

19:43 The X Factor in Property Investment

26:23 The Three States of Happiness

30:17 Introduction to the Podcast and Its Value

31:38 Encouragement to Share and Subscribe

32:05 Resources for Further Learning

32:27 Introduction to the Podcast and Its Purpose

32:59 Understanding Property Investment Strategies

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 

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: 4 lessons about the property cycle all property investors must understand