Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Today's discussion revolves around a topic that's creating shockwaves throughout Australia – the rental market crisis.

With rental vacancy rates at historic lows and the costs of renting a property skyrocketing, many Australians are finding it difficult to secure stable, affordable housing.

The consequences of this situation are far-reaching, affecting everything from mental health to workforce stability, from family stability to the broader economy.

To help dissect these complex issues, I'm joined by Brett Warren, National Director of Metropole Property Strategists, who brings a wealth of experience and insight to our discussion.

Overview of my chat about the rental market crisis in Australia with Brett Warren

● What the Australian Bureau of Statistics data says about how many houses there are in Australia and the composition of them.

● The effects of the rental crisis on tenants

● Examination of the impact of the crisis on the economy, mental health, and workforce stability

● Analysis of the challenges in the housing and rental market due to rising population and falling accommodation

● Discussion on the role of rising interest rates, over-regulation, and media influence in the property market

● Government interference in the market and the need for strategic investment planning

● The importance of long-term expectations, rather than forecasts, in shaping success in property investment

● Analysis of challenges in the housing and rental market, including overseas migration and lack of accommodation

While the current property market might not be attractive for investors right now, it's important to remember that property investment is a long-term game.

Don't try to time the market or hunt down bargains. Instead, focus all your efforts on buying an investment-grade property in an A-grade location that will hold its value in the long term.

Remember, the rental crisis is only worsening further, with no end in sight. Now would be a great time to buy an investment property and enjoy high demand while trying to be a part of the rental crisis solution. You may even inspire others to do the same.

Links and Resources:

Michael Yardney

Brett Warren – National Director Metropole Property Strategists

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 eBooks and reports = www.PodcastBonus.com.au

Some of our favorite quotes from the show:

"In other words, the government isn't even trying to help tenants." Michael Yardney

"But in fact, a lot of Australians rent just because they choose to. It's the stage of their life." Michael Yardney

"Successful people have this empowering belief that they're responsible for what they make of any given situation." Michael Yardney

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In these regular Big Picture podcasts, Pete Wargent and I discuss the macroeconomic factors affecting your economy and our property markets, and a lot has happened since our last show a month ago.

As one of Australia's most respected financial analysts and commentators, Pete brings his invaluable expertise to help us navigate the ever-changing landscape of the Australian property market.

● A lot of economists have changed their predictions since the last rate hike

● The impact of the Reserve Bank's interest rate decision and new Governor Michelle Bullock's appointment

● Discussion on the surge in property listings, especially in Perth, Adelaide, and Queensland, and speculation on whether this is due to investors capitalizing on market shifts or facing financial troubles

● Analysis of the sluggish property price growth despite the rise in rent prices, and the effects of borrowing capacity and housing stock efficiency

● Exploration of urban redevelopment and housing construction issues, including the price gap between houses and units, potential pitfalls of new developments, and merits of older apartments

● Examination of the role of population growth on infrastructure and the economy, covering immigration's influence, changing demographic pyramid, and future challenges like lack of infrastructure and transport access

● Detailed discussion on the changes at the Reserve Bank, exploring the Bank's interest rate decision, increase in property listings, slowing growth of rentals, and widening gap between houses and apartments

● Deep dive into the fragmented Australian property market, analyzing the surge in listings, slow property price growth despite the rise in rent prices, and impact of borrowing capacity

● Discussion on urban redevelopment and housing construction issues, touching on aspirational suburbs, widening price gap between houses and units, and potential issues with new and existing developments

● Exploration of population growth's impact on infrastructure and economy, discussing immigration's role, changing demographic pyramid, and potential future challenges.

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

Some of our favorite quotes from the show:

"I'm happy that it's slowing a bit because if we do have boom time conditions, that means this particular cycle will be a lot shorter." Michael Yardney

"Look where people are moving, look where the money is going, and that's a combination of the locals and the millennials in particular who are now moving out of apartments into family formation states." Michael Yardney

"And, by the way, don't compare yourself with other people, because the things you see on Instagram and Facebook aren't real." 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

There were some significant changes regarding the RBA recently.

Philip Lowe's term as Reserve Bank governor was not renewed which means he's been effectively sacked as Reserve Bank governor's current Deputy Governor; Michele Bullock will become Governor starting 18 September.

Regular listeners would know that I record a weekly video with Dr. Andrew Wilson, and this is the audio of last week's Property Insider video.

So, let's hear what Andrew Wilson has to say about the sacking of Dr. Phillip Lowe. Andrew will also be discussing some of his latest data and if you are keen to see the charts, I will leave a link in the show notes so you can see them.

Today Dr. Wilson,delves into the intricacies of housing markets, bank policies, and the effects of recent changes at the Reserve Bank. Topics discussed include data on property trends across capital cities, the impact of the Reserve Bank of New Zealand's macro-prudential policies on the housing market, the trend of no interest rate changes despite a weakened economy, and the potential implications of the post-COVID stimulus package on inflation.

The episode also evaluates the performance of housing markets in specific regions, discusses current market trends, and provides an outlook on the property market and its likely trajectory.

In today's show we discuss…

● Analysis of Reserve Bank Governor Philip Lowe's mistakes and lessons for Deputy Governor Michelle Bullock

o There was a misplaced obsession with the housing markets

o The RBA supported "experimental" macro prudential policies between 2015 and 2018 which led to the supply side challenges their property markets are currently experiencing as well as skyrocketing rents.

o Interest rates were kept on hold in 2016 - 17 despite a weakening economy when many jobs were being lost as the RBA didn't lower rates as it was still concerned about our housing market.

o However, interest rates will slash in the second half of 2019.

o Under Dr Lowe's watch bank margins rose significantly with some suggesting they were gouging on the changing rates, even though this isn't really under the RBA control.

o Who can forget the post-COVID message "There will be no rate rises until 2024", which led many homebuyers and investors to take on significant borrowings at artificially low interest rates.

o Dr. Lowe has a poor record of delivering forecasts of house prices, wage growth, and our labor markets.

o There have been a number of recent inconsistent policy determinations.

o Critique of the Reserve Bank's consistent misses on house price forecasts and mysterious policy determinations

● Dr Wilson gives an overview of the housing markets in the various sub regions of Sydney and Melbourne and Brisbane

● We get a snapshot of the current winter market trends and auction results around Australia

● We discuss the property market outlook and why house prices won't fall despite increased stock and slower rent growth

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. Andrew Wilson, Chief Economist My Housing Market

Subscribe to our weekly Property Insiders videos – www.PropertyInsiders.info

Get your bundle of eBooks and reports at www.PodcastBonus.com.au

Some of our favorite quotes from the show:

"So under Michelle Bullock's watch, inflation is going to come under control, interest rates are going to come under control and she'll probably be a little bit more popular." – Michael Yardney

"Maybe agents are a little bit lazy in Brisbane because they're not used to the auction culture, and they can sell almost anything they list at the moment anyway." – Michael Yardney

"So for most of us, morning is when your brain is charged and ready to make the tough decisions that require a lot of brain power." – 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

Welcome to the Michael Yardney Podcast. Today I'm thrilled to have Nicola McDougall, chairperson of PIPA as my guest and we're going to discuss how our property markets have become a political play toy.

There's a lot to unpack, and it's crucial for investors to understand the implications of the increased interference in the markets.

We'll also discuss the latest ATO statistics showing how many property investors are in Australia and how many properties they own. And you'll hear how more and more investors are thinking of jumping ship.

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

Join us at Metropole Brisbane Charity Ball to support Hummingbird House - click here to reserve your spot

Get your bundle of eBooks and reports at www.PodcastBonus.com.au

Nicola McDougall – Chairperson PIPA

Shownotes plus more here: Politics and Property Navigating the Changing Landscape of Investment

Today, I'm joined by Stuart Wemyss to discuss two fascinating topics.

The first one is the life cycle of a typical investor, and you'll find it's a roadmap that provides insight into the ebbs and flows of the financial journey you'll experience as a property investor and the strategic decisions you'll have to make along the way​​.

And then we chat about the concept of giving your children and grandchildren an early inheritance rather than waiting till you die. And even if you don't have children or grandchildren yet, you are somebody's child, so this may be very relevant to you.

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

Shownotes plus more here: Navigating the Investor's Life Cycle

Mike Mortlock joins the show today, and he and I will explore the patterns and trends of property investments - how far away from home do people really invest?

We'll also look at what the latest data from the Australian Tax Office tell us about the landscape of property ownership. If you've ever wondered about how many Australians actually own an investment property, or how much Australians really earn you'll enjoy my chat with Mike.

We'll also be delving into a crucial aspect of property investment that often goes misunderstood - depreciation. Many property investors make common mistakes when it comes to depreciation, and we're here to help you steer clear of these pitfalls.

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

Join us at Metropole Brisbane Charity Ball to support Hummingbird House - click here to reserve your spot

Get your bundle of eBooks and reports at www.PodcastBonus.com.au

Mike Mortlock – MCG Quantity Surveyors

Shownotes plus more here: Investing is getting harder – here's what other investors are doing with Mike Mortlock

Regular listeners know I like to share my thoughts not only about wealth creation but also about success, and I have had the privilege of speaking with extraordinary guests who have achieved amazing things, and today is no exception.

Today we'll talk about overcoming adversity, pursuing passion, and achieving personal success, and my guest today, Kevin Rempel embodies all of that and more.

He's a man whose story is an embodiment of the phrase 'triumph over adversity'. We dive into his journey, the highs and lows, the victories and setbacks, and the lessons he's learned along the way to become a paralympic champion.

Links and Resources:

Michael Yardney

Kevin Rempel - The Hero Mindset

Connect with Kevin Rempel on Linked In

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 eBooks and reports = www.PodcastBonus.com.au

Shownotes plus more here: Turning Setbacks into Comebacks: A Conversation with Para Olympics Medallist Kevin Rempel

While we usually talk about property money and success, the underlying theme is most people want to become richer so today we're going to dig deep into the true essence of wealth building and that is consistency.

Now you've probably seen or heard about those online success stories, haven't you? Those narratives that suggest getting rich is a simple matter of having the right idea at the right time or finding the next hot spot. However, the truth is, it's not that easy.

So today, I'm joined by Mark Creedon, business coach to some of the most successful businesspeople and entrepreneurs in Australia and CEO of the Metropole Property Group of companies and we'll discuss 21 small actions that will make you rich slowly.

Links and Resources:

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

Why not join Metropole's Mastermind Business Accelerator

Learn more about Mark Creedon – Business Coach to some of Australia's leading entrepreneurs

Get a copy of Mark's new book here – Have a Business not a Job

Subscribe to Mark's Mastermind for Business Podcast here

Get a bundle of eBooks and reports – www.PodcastBonus.com.au

Shownotes plus more here: Small Actions That Will Make You Richer, With Mark Creedon

Stuart Wemyss believes property prices can continue to rise despite high interest rates and low wage growth, and today, we'll be diving deeper into this topic. In this episode, we'll explore income, borrowing capacity, migration, inheritance, and other factors and how they intersect in shaping the property market.

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

Shownotes plus more here: What on earth will make property values keep rising if high inflation and lower wages growth persists, with Stuart Wemyss

Welcome to the Michael Yardney podcast. Today Dr. Andrew Wilson and I will be addressing all the talk about Australia falling into a recession.

We will share the latest immigration statistics which show Australia increased its population by almost half a million people in 2022, and we'll explain what the latest unemployment figures suggest is ahead for our economy and interest rates.

Dr. Wilson will also discuss the current economic landscape and shed some light on the potential outcomes for our economy and housing markets.

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. Andrew Wilson, Chief Economist My Housing Market

Subscribe to our weekly Property Insiders videos – www.PropertyInsiders.info

Get your bundle of eBooks and reports at www.PodcastBonus.com.au

Shownotes plus more here: Will our high immigration numbers be enough to stop a recession? With Dr Andrew Wilson