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.
Links and Resources:
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Brett Warren - National Director of Property at Metropole
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
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.