Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

It's been an interesting few weeks full of economic news which has led to a lot of uncertainty about the future of our economy and our property markets.

If you're a regular listener you'd know that once a month I catch up with leading economic commentator Pete Wargent for these Big Picture podcasts when we look at the macro factors affecting our economy and our property markets, and we've got a lot to discuss today.

Interesting, only a couple of minutes after we recorded this show, the Queensland Government did a backflip and repealed its outrageous Land Tax, so even though we spend a couple of minutes talking about this in today's show, this tax is no longer a concern, however the underlying tendency for Governments to see property investors as an ATM hasn't really gone away.

And in other good news Governor Philip Lowe is easing his foot off the economic brake to take time to assess the impact of the most aggressive monetary policy tightening since the early 1990s. The RBA sensibly dropped back to a 0.25% hike this month taking the cash rate to 2.6%.

While it's likely we'll have one or two more 0.25% rate hikes, it looks like the peak of interest rate increases is in sight, and in today's show you'll hear Pete Wargent and me give you our thoughts on what that means for our property markets.

I also chat with Pete about the latest US inflation figures and interest rate hikes there which spooked the markets as there was no sign that underlying inflation is abating and the probability of a recession in the USA increasing.

You may remember that Reserve Bank Governor Philip Lowe warned that a deteriorating global economy would make it hard for Australia to achieve a "soft landing" due to the economic buffeting that is underway.

At the same time, he also said he would not be surprised if house prices fall 10 per cent from their peak. But then only a day later Jonathan Kearns Head of Domestic Markets at the RBA suggested the falls could be 15%.

But I don't necessarily agree with them, and I explain why in today's show.

Links and Resources:

Metropole's Strategic Property Plan – to help both beginning and experienced investors

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Pete Wargent's new Podcast

Pete Wargent's blog

Shownotes plus more here: Investing is getting harder; should I get out?| October 2022 Big Picture Podcast

We are now in the cooling-off adjustment phase of the property cycle. And if you believe most of what the media tells you, it's all to do with interest rates. But I don't agree.

So, to help you understand what's ahead for our property markets and why the markets won't crash like some are suggesting, I want to share with you myriad financial, social, and political factors which impact what your family home, or your next investment property, might be worth to show you that it's a lot more than interest rates.

Links and Resources:

Michael Yardney

If you're keen to buy your next home or investment property, why not get the team at Metropole to build you a personalized

Get a bundle of eBooks and reports here:- www.PodcastBonus.com.au

Shownotes plus more here: The 7 biggest influencers of our property markets

Our property markets couldn't look more different from this time last year if they tried.

Gone are the frenzied buyers gripped by FOMO, housing markets in which prices rose by $1200 a day, and auctions that routinely finished millions of dollars over their reserve.

Last year's scenario of never-ending price rises has been replaced by rapid-fire interest rate rises (with more to come), slowing or falling prices (depending on your postcode), and a general sense of trepidation.

If you're a buyer, do you sit on your hands and wait for prices to fall? Or do you buy now before interest rates and inflation rise even more, reducing your borrowing power and spending capacity?

If you're a seller, do you list now and meet the market before prices possibly fall further? Or do you hold off, assuming there will be less for sale in a few months, meaning fewer homes to compete with?

In other words, what's the right thing to do now – buy, sell, or hold?

That's what I ask leading financial advisor Stuart Weymss, in today's show.

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: Here's why now is a good time to buy your next property, with Stuart Wemyss

It's been an interesting month full of economic news.

Recently the latest US inflation figures spooked the markets as there was no sign that underlying inflation is abating

Then back home, Reserve Bank Governor Philip Lowe warned that a deteriorating global economy would make it hard for Australia to achieve a "soft landing" due to the economic buffeting that is underway.

He is also worried that businesses are using inflation as a cover for even higher prices. And speaking of the property markets, he explained he would not be surprised if house prices fall 10 percent from their peak. He also said the RBA wasn't to blame for housing affordability issues - blaming the choices made by society.

There's a lot to unpack from Governor Lowes' speech so in today's show Dr. Andrew Wilson and I discuss this plus lots more.

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: RBA interest rate warning: the global signs aren't good, with Dr. Andrew Wilson

If you're a regular listener to this podcast, you know that I often say demographics will drive our destiny, not just with regard to property, but for Australia and the world as a whole.

In today's podcast I chat with leading demographer Simon Kuestenmacher about the composition of Australia's population moving forward.

It seems we're going to have more older people and proportionately fewer young people, so how do we grow our economy with fewer young people, and what do falling birth rates mean?

If you've heard my chats with Simon before, you'll know he shares great insights, so if you're interested in property investment, or just the future of our country and how it will relate to you your job and your prosperity, I'm sure you'll get benefit from our discussion.

Links and Resources:

Simon Kuestenmacher - Director of Research at The Demographics Group

If you're keen to buy your next home or investment property, why not get the team at Metropole to build you a personalised Strategic Property Plan – this will help both beginning and experienced investors.

Get a bundle of eBooks and reports here:- www.PodcastBonus.com.au

Shownotes plus more here: Australia's aging population crisis is almost upon us, with Simon Kuestenmacher

While property investing may be simple, it's not easy, and that's not a play on words because many investors end up paying a huge "learning fee" or "Stupid Tax," as I like to call it.

That's because successful property investment comes down to much more than just knowing what you need, knowing what you can afford, and knowing exactly what's available at the time you are ready to buy.

In reality, all property investors pay a learning fee of some sort.

You either pay the market and end up like most investors, never building the substantial property portfolio you're looking for, or you pay to get professional advice.

In my mind, not taking early advice from professional means you'll ultimately end up paying a much greater fee.

So, in today's podcast, I'm going to ask Ken Raiss, Australia's leading property tax strategist and director of Metropole Wealth Advisory, to share some of the common mistakes he has seen investors make in the hope that we can help you avoid those mistakes.

Links and Resources:

Michael Yardney

Ken Raiss, director of Metropole Wealth Advisory

Have a chat with Ken Raiss to ensure you have the correct asset protection strategies in place – click here

In turbulent times like we're experiencing, why not get the team at Metropole on your side to give you holistic property and wealth advice– find out more here

Shownotes plus more here: A new tax for Property Investors + Common mistakes to avoid with Ken Raiss

According to the latest statistics from the ABS, our economy is roaring along.

The most recent data, which unfortunately is backward looking to the June quarter, showed that as Aussies were released from their lockdown shackles, we spend more on ourselves, growing the economy strongly.

But since then, the Reserve Bank has raised interest rates and will likely continue doing so, so will this kill a booming economy, and what will it do to our property markets?

That's what I discussed in today's podcast with Dr. Andrew Wilson, chief economist of My Housing Market.

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 inflation and rising interest rates put an end to our booming economy? With Dr. Andrew Wilson

Our property markets are changing, and we've now moved into the adjustment phase of the cycle where there will be less capital growth and where, in many locations, property values are falling.

So, what should a property investor do?

Well, in today's show with Brett Warren, national director of Metropole Property Strategists, we talk about whether property investing is an art or a science, which you'll need to understand if you want to be successful in these more challenging times.

And I share some major structural shifts that created property booms in the past and what I believe the next one is going to be.

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

Shownotes plus more here: Is property investing an art or science? With Brett Warren

If you're thinking about buying a home, whether it's your first home or you're upgrading or right-sizing, today's show is for you as I discuss 13 common mistakes homebuyers make with Leanne Spring, Director of Metropole's home buying and selling team.

And even if you're not planning to buy a home, if you're interested in property, I'm sure you'll get some tips from my discussion today because property investors often make the same mistakes homebuyers make.

Links and Resources:

Leanne Spring – Director of Metropole's home buying and selling team

If you're keen to buy your next home or investment property why not get the team at Metropole to build you a personalised Strategic Property Plan – this will help both beginning and experienced investors.

Get a bundle of eBooks and reports here:- www.PodcastBonus.com.au

Shownotes plus more here: 13 common mistakes homebuyers make – and how to avoid them, with Leanne Spring

Well, we're into Spring, which is traditionally a great time to buy and sell properties, but what's ahead for our housing markets for the last quarter of 2022?

Looking back on the year so far, our housing market had a lot to contend with.

Coming off a once-in-a-generation property boom in 2021, our markets had to contend with floods, bushfires, geopolitical problems, a federal election, inflation, rising interest rates, and falling consumer confidence.

Last year almost all property markets around Australia saw strong growth in house prices, but this year the markets were more fragmented, with the Sydney and Melbourne property, in particular, slowing down while the markets kept up their momentum.

So back to my original question, what's ahead for property for the rest of this year?

That's what Dr. Andrew Wilson chief economist of My Housing Market, and I discuss in today's Podcast

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: Spring Property Market Preview, with Dr Andrew Wilson