In today’s Big Picture episode of the Michael Yardney Podcast, Pete Wargent and I discuss a raft of macro factors that will affect how our property markets play out this year, including the implications of the first rate cut by the RBA, our plunging vacancy rates which are only going to make rents rise further,…
Have you ever thought of doing up an old property to on-sell and make a quick profit? Of course, this concept is often taught at property seminars and has recently been popularised by reality television shows like “The Block”. But can you really flip houses for a living? If you’re after a quick buck I’m…
Every day, without even realising it, we’re all enrolled in a masterclass—taught by ourselves, attended by ourselves. The mindset lesson I want to share with you today is: You improve not just at what you practice intentionally but at whatever you do repeatedly.” Fact is: You get better at what you practice. And when we…
Today, I interview my good friend and business partner – Brett Warren, the National Director of Property at Metropole. Brett is someone who has walked the path so many of the listeners to this show are striving to follow. From starting out as a property investor himself to becoming a trusted buyer’s agent, a sought-after…
The first interest rate cut in five years is welcome news for our housing markets. Though modest, this rate cut is not just about the potential savings for homeowners; it’s primarily a psychological boost that should reignite confidence in our housing market. Even though the RBA warned that further interest rate cuts are not guaranteed…
“Predicting rain doesn’t count. Building arks does.” This well-worn phrase hits the nail on the head when discussing financial forecasting and, in particular, property forecasts. While predictions may give us some comfort, as we all would like to know what’s ahead for us, when it comes to property, the track record of even the most…
If a picture paints a thousand words, then this collection of charts should do a pretty good job of painting the landscape as it affects our economy and our property markets. Each month the RBA summarises macroeconomic and financial market trends in Australia by providing a detailed chart pack. World Economy Australia’s economy doesn’t operate…
Jim Rohn was one of my early personal development mentors. When he passed away in 2009, he left an incredible gift: his encouraging, uplifting messages and inspiring, thought-provoking quotes. 1. “Don’t wish it was easier, wish you were better. Don’t wish for less problems, wish for more skills. Don’t wish for less challenge, wish for…
Who do you ask for property advice? With so many mixed messages and vested interests, who can you really trust? And in today’s property markets, there are very few advisers who have the perspective of having lived through and successfully invested in a number of property cycles and understand how to take advantage of the…
When it comes to property investment in Australia, there’s no shortage of information available about how budding investors can ensure success. And while learning how to invest in property is vital for all newcomers, understanding the pitfalls to avoid should also be a priority from day one. As we have seen over the last few…