In what many investors might describe as a stealthy ambush, state governments across Australia are increasingly turning to property owners to fill their fiscal gaps. While property investors might have breathed a sigh of relief when Canberra backed away from reforming negative gearing in their recent Budget, the state governments are now eyeing property owners…
Articles by Michael Yardney
Michael is the founder of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media.
Many people blame a lack of available money in their bank account for their financial problems. It makes sense, doesn’t it? Money is the fundamental component of material wealth. But, the lack of money is not the problem. It’s merely the manifestation of a number of bad habits and bad beliefs that hold people back…
We are currently witnessing what could be described as the greatest wealth transfer in modern history. As the baby boomer generation begins to age, a massive amount of wealth is being transferred to the subsequent generations. Over the next decade, this generation, who rode a wave of economic prosperity for decades, is forecast to pass…
In today’s show, Ken Raiss and I will discuss inheritance strategies to help make your children richer. Whether you’ve already built substantial wealth or are just starting your financial journey, it’s never too early or too late to start thinking about how to pass on your wealth to the next generation. Today Ken shares his…
New unemployment figures paint an uncertain picture for borrowers, businesses, and investors, but one key question continues to confound many commentators: Why isn’t our jobless rate higher? For the five years before the pandemic, Australia’s national unemployment rate ranged between 5 and 6 per cent. It spiked to 7.5% in mid-2020 but has been between…
Do you believe in luck? Interestingly many of those who have been unsuccessful in life believe that wealthy successful property investors “got lucky”. You know…they entered the market when prices were cheaper, or finance was easier, or maybe the market did all the hard work for them. I guess that’s because it makes them feel…
Welcome to another Big Picture episode of the Michael Yardney podcast, where I chat with leading financial commentator Pete Wargent. Since our last chat, a lot’s happened, including rising inflation causing embarrassment to the Reserve Bank, with some commentators now speculating interest rates will rise again. As usual, there are clues in the news as…
In the world of property investment, a troubling phenomenon often rears its head: the Dunning-Kruger Effect. You see.. when it comes to money, seemingly rational people don’t always act rationally. We are subject to cognitive biases. Let me explain… In 1999, psychologists David Dunning and Justin Kruger published research finding that people with limited knowledge…
One of the most common traits that bonds people to great success and power, is their ability to take a risk. Instead of sitting on the sidelines, and wondering ‘what if’, these trail-blazers are proof that with risk comes great reward. Here are 10 inspiring quotes by 10 exceptional risk-takers: 1. Take the first step…
If you’re looking to eventually develop financial freedom by building a substantial property portfolio, it’s crucial to understand the importance of running two distinct “businesses” to ensure you attain your goal of having a significant portfolio. I’m sure you’ve heard that 92% of property investors never get past their first or second property, and there…