Common wisdom seems to suggest that you should diversify your investments. But is this correct? In my opinion, it is wrong, in fact, I remember reading Napoleon Hill’s great book Think and Grow Rich many years ago where he also said that successful people specialise in one area they don’t diversify. On the other hand,…
Articles by Michael Yardney
Michael is a director 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.
In an unexpected turn in the Australian property market, Adelaide and Perth are now nearly as pricey as Melbourne for the first time in up to 15 years, according to recent data. According to the latest CoreLogic Home Value Index, Adelaide’s median dwelling price jumped to $734,173 in March, a 1.4% increase, while Perth’s median…
In today’s episode, I’m going to share two lessons with you. The first is five ways I’m going to ensure that my property investments outperform this cycle. Hopefully, I’ll be able to give you some ideas for your investments as well. Next, I’m going to share one thing you need to change to become a…
If you’re interested in property, you’ll know that our rental markets are in crisis. Vacancy rates have dropped to all-time lows, rental stock remains extremely slim, and rental prices continue to skyrocket. So how did we get into this rental crisis? How long will it last, what does it mean for you and me as…
Recently one of my nephews, who has taken a keen interest in property investment, asked: What’s the worst advice you’ve ever been given on real estate investing and what’s the best advice you could give me? The worst advice I explained that the worst real estate investment advice I was given was that property investment…
I’ve often said that any problem money can solve isn’t a problem – it’s just a question of how motivated you are to find the funds and get it sorted. But there are lots of things that money can’t buy, and when we’re so focused on those dollar signs we can find ourselves missing out…
We live in uncertain times. Just look at all the financial and economic challenges caused by inflation and the rising cost of living as well as relatively high interest rates; the social and political problems around the world. Amid all this, we must go about our business, our investing, and live our lives. And to…
It’s going to be a busy week for most of us – a short week at work and lots to organise. So to help kick your week off, here’s 10 inspirational quotes from some of the masters of investment, business and personal development. 1. “In expert tennis, 80% of the points are won, while in…
How do I invest? What approaches do I use and which strategies do I use? Those questions were recently put to me by a journalist wanting to write a feature article. He also asked what’s been the “secret” to my success in building a very substantial property portfolio and having succeeded through multiple property cycles….
There are 2,640 billionaires globally, with a total net worth of $12.2 trillion, according to the 37th annual Forbes list published in 2023. And Australia is home to 139 of them. The thing is, each of these billionaires – whether they rocketed to success due to property, the stock market, business or even mining -…