[Podcast] This demographic Tsunami will change our property markets – Pete Wargent | 7 Signs of a shonky property guru

There are so many predictions about what’s going to lead to property price growth in the future.

Today with Pete Wargent, I’m going to explain to you a demographic tsunami that’s going to change our property markets, and one that you really must understand if you want to own the sort of property that’s going to outperform in the future.

I’m also going to discuss the 7 signs of a shonky property guru. My Podcast 100 Pete Wargent Demographics

This came from a game I played over the weekend.

Listen in to find out more.

Then in my mindset moment, I’ll explain why being rich is a choice.

Yes you have a choice.

If you want to, you can become rich, and I’ll explain how.

This demographic Tsunami will change our property markets

There’s no shortage of housing forecasts at present, and many of them are a bit scary.

property investors

And what this means is that many investors are making decisions based on the media instead of the fundamentals.

But there’s one big driver, a veritable tsunami that the property pessimists seem to have forgotten.

It’s not our economic growth and it’s not jobs growth, it’s a demographic tsunami that’s going to hit us according to Pete Wargent.

  • Sydney, Melbourne, and Southeast Queensland take up the big chunk of the population growth, about 400,000 per annum 
  • Because Australia’s visa programs are tilted to the under-30s, there’s an enormous surge of people in the 25-34-year-old age bracket, the typical first homebuyer age
  • Population growth is important, but so is household formation 
  • Many first homebuyers will initially live in apartments
  • Younger people are congregating in the inner suburbs, especially Sydney and Melbourne
  • Younger people want to live in modern accommodation that is close to amenities and lifestyle, but not in high-rise towers Sydney+suburbs
  • Owner-occupiers drive the market and investors create the booms in-between
  • Australia’s population is headed toward about 30 million over the next decade up from 25 million
  • Trends that are going to drive property values up over the next decade:
    • Close to amenities
    • Municipalities where gentrification is occurring
    • Walkability
    • Easy access to public transport
    • The rise of electric vehicles
  • Melbourne will overtake Sydney in population over the next decade

7 Signs of a shonky property guru 28638009_l

  1. They tend to brag about their achievements and talk themselves up
  2. They claim their “secret techniques” can work for anyone
  3. They don’t warn you about the risks or the possibility of failure
  4. They say you can get involved in property with little or no money
  5. Their testimonials sound too good to be true
  6. They pretend to be mentor when their aim is to sell you property
  7. They suggest you can amass a large number of properties in a short period of time

Links and Resources:

Michael Yardney

Metropole Property Strategists

Metropole’s Strategic Property Plan – to help both beginning and experienced investors

Pete Wargent

Some of our favourite quotes from the show: mind-set-rich-money-lesson-think-motivational-learn-teach-money

“In the middle is where a lot of people are going to want to live.” –Michael Yardney

“Over the years I’ve learned that becoming rich starts with something as simple as the thoughts that you put in your head.” –Michael Yardney

“The minute a guru starts mentioning how successful they are, how wealthy they are, how happy they are, my alarm bells tend to go off.” –Michael Yardney

PLEASE LEAVE US A REVIEW

Reviews are hugely important to me because they help new people discover this podcast.

If you enjoyed listening to this episode, please leave a review on iTunes – it’s your way of passing the message forward to others and saying thank you to me. Here’s how

fact: our markets are on the move
icon-podcast-large

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.

icon-email-large

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.


Michael Yardney

About

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 his opinions are regularly featured in the media. Visit Metropole.com.au


'[Podcast] This demographic Tsunami will change our property markets – Pete Wargent | 7 Signs of a shonky property guru' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*


facebook
twitter
email