Michael Yardney /

[PODCAST] Why You Should Ignore Most Property Data – Insights from Stuart Wemyss

[PODCAST] Why You Should Ignore Most Property Data – Insights from Stuart Wemyss
View all Michael Yardney Podcast episodes and subscribe via your favourite player:

Today, we're talking about property data.

We’ve all heard the saying, “The numbers don’t lie,” but what if I told you that relying too much on property data could actually lead you astray? My Podcast 615 Stuart Wemyss 02

That’s exactly what my guest, Stuart Wemyss and I talk about today.

If you’ve ever felt overwhelmed by the endless stream of property market data or found yourself second-guessing your investment decisions because of some 'hot' new trend, then this episode is for you.

Stuart will break down which numbers you can trust, how to spot the indicators that matter, and why sometimes, the data can lead even the smartest investors down the wrong path.

Balancing Data and Local Insight

In this episode, Stuart and I discuss balancing data with local insights to make informed decisions in the fast-evolving Australian real estate market.

Throughout the episode, Stuart provides valuable guidance on navigating the complexities of property data, the influence of interstate migration, and the psychological challenges investors face.

  • Challenging the conventional reliance on property data, instead advocating for a balanced approach that combines data analysis with local market expertise Property Data
  • Discrepancies in reported house price changes due to differing methodologies from sources like ABS, SQM, Domain, and CoreLogic
  • The impact of interstate migration on property markets, focusing on job opportunities and consumer confidence in Queensland and Victoria
  • The psychological pitfalls of property investment, including the tendency to focus on negative data and the influence of social media
  • The importance of professional advice and a long-term perspective to avoid costly mistakes in property investment
  • The limitations of traditional financial planning in addressing property investment and the need for a holistic approach
  • The value of local expertise, even as technology and AI play a growing role in data interpretation

Both reliable, comprehensive data and professional advice can help you navigate the property investment landscape effectively. Data

Whether you're a budding investor or a seasoned pro, this episode promises to equip you with the tools needed to navigate Australia's property market confidently.

Links and Resources:

Michael Yardney

Stuart WemyssProsolution Private Clients

Stuart’s Book – Rules of the Lending Game & Investopoly

Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us

Get a bundle of free reports and eBooks – www.PodcastBonus.com.au

Also, please subscribe to my new podcast, Demographics Decoded, with Simon Kuestenmacher. Just look for Demographics Decoded wherever you listen to this podcast and subscribe so we can unveil the trends shaping your future each week.

Some of our favourite quotes from the show:

“You can't just rely on data. You've got to understand the context behind it as well.” – Michael Yardney

“Of course, there's always a talk that when more sellers get into the market that floods the market and prices don't go up as much. But most sellers are actually buyers as well. They're upgrading, they're right-sizing.” – Michael Yardney

“Once you take the courage and you're doing the thing you're committed to, that then gives you a new capability and the more you do it, the better you're going to become at it.” – 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 your favourite podcast app.

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 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.


No comments
Copyright © 2024 Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts