Hindsight is a wonderful thing, isn’t it?
Let me ask you a question… with the benefit of hindsight and knowing what you know now, if you had the opportunity to do so, would you have bought an investment property 40 years ago?
I bet your answer would be yes, realising that the median property price in Sydney was $68,500 back then and that you could have bought a median-priced property in Melbourne for just $40,000.
So today I share 40 valuable lessons learned from over five decades of property investment.
Takeaways
- Hindsight's a wonderful thing, isn't it?
- Successful investors have a long-term strategy.
- Don't do what most property investors do.
- The biggest risk is not doing anything.
- Location will do 80% of the heavy lifting.
- Don't rely on the media for your investment strategies.
- A change in your thinking will lead to a change in your life.
- You improve at what you practice intentionally.
- Time spent worrying is time that you could spend identifying opportunities.
- Never give up, you need resilience.
Links and Resources:
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Join us at Wealth Retreat - Australia’s Premier Wealth Retreat for Elite Investors and Business People www.WealthRetreat.com.au
Get a bundle of eBooks and Reports at 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.
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.