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  

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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