The Michael Yardney Podcast | Property Investment, Success & Money

It’s the beginning of a New Year, so I’d like to take a step back to reflect on the rollercoaster that was 2024 in the housing markets and gear up for what promises to be an equally fascinating 2025.   Today, I’m joined by Nicola McDougall, chair of PIPA – the Property Investment Professionals of Australia, who has her finger on the pulse of what’s happening in our housing markets as well as a good understanding of all the various players in the property industry.  Nicola and I discuss the unexpected developments in the Australian property markets throughout 2024, the implications of interest rates on my investment strategies, and the ongoing rental crisis.   We also explore the challenges we face as property investors and the impact of government policies on the market, and we share our predictions for the property market in 2025.    Takeaways  2024 was a year of unexpected market conditions but general market resilience.  Interest rates are a significant factor affecting property investment and will create a year of 2 halves in 2025.  Melbourne's property market has struggled due to various factors.  Government policies have made it more challenging for investors.  Investors play a crucial role in providing rental accommodation to one third of Australians.  The rental crisis has been exacerbated by a reduction in investors.  A national outlook is essential for successful property investment as market conditions vary significantly across different regions.  Predictions for 2025 suggest continued market fragmentation.  Understanding market cycles is key to navigating property investment.  Chapters  00:00 2024 Property Market Overview  05:32 Melbourne's Market Struggles  11:10 Challenges for Property Investors  16:13 The Rental Crisis  18:42 New Chapter  35:00 2025: A Year of Opportunity in Property  36:22 Strategic Investing: Long-Term Perspectives and Benefits  37:10 The Spiral Path of Progress  38:08 Understanding the Law of Reverse Effort  Links and Resources:   Michael Yardney   Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us  Nicola McDougall – Chair Property Investment Professionals of Australia  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 are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.  Shownotes plus more here: Australia’s Housing Markets in 2025: Opportunities, Risks, and Surprises  

No one wants to pay more tax than they need to, and no one wants to get in trouble with the tax man, so today Ken Raiss and I interview Rob Thompson, Assistant Commissioner of Taxation, who has a front-row seat to the intricacies of our tax system, and he’s here to help unpack some of the complexities that property investors like you often face.  Today we’ll be discussing      The ATO’s data matching program for property investors      The tax gap of $1.2 billion and why it’s relevant to rental property investors      PAYG instalments      The difference between deductible repair expenses, initial repairs and improvements and      The ATO’s new borrowing expenses calculator (this can be something we plug in the podcast and include links and more information in the show notes).      How to Pay As You Go instalments help manage tax bills throughout the year.      Understanding your tax obligations to avoid mistakes.      Treating your property investments like a business, not a hobby.  Chapters  04:09 The Importance of Data Matching and Compliance  07:05 Navigating Property Management Data  09:45 Distinguishing Between Repairs and Capital Improvements  12:19 Initial Repairs vs. Ongoing Maintenance  15:15 Understanding Depreciating Assets and Their Claims  18:17 Managing Interest Expenses and Tax Gaps  21:26 Claiming Borrowing Expenses Effectively  24:14 PAYG Installments for Property Investors  26:04 Final Thoughts on Tax Obligations and Compliance  32:21 The Value of Struggle in Success  Links and Resources:   Michael Yardney   Ken Raiss – Director Metropole Wealth Advisory  Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us       Tax time toolkit for investors: ato.gov.au/Investorstoolkit      Rental properties guide: ato.gov.au/rentalsguide       Rental video series: ato.gov.au/Rentalvideos      Tax statistics: ato.gov.au/taxstats   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 are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.   Shownotes plus more here: The Tax Man Knows More About Your Property Investments Than You Think – Assistant Taxation Commissioner Rob Thompson

Have you ever wondered what makes the greatest investors in the world not just wealthy, but truly fulfilled and happy?   Well, today, we’re going to explore that question with someone who’s had the unique opportunity to sit down with the legends of the investing world – best selling author, William Green,  the author of Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life,   William has spent decades interviewing and learning directly from icons like Warren Buffett, Charlie Munger, and Sir John Templeton.   But what’s fascinating about William’s work is that it’s not just about investing. It’s about uncovering the principles and mindsets that can lead to a richer life—financially, yes, but also emotionally and intellectually.  Our chat emphasised that true wealth isn't just about financial success; it also involves achieving a balanced and fulfilling life.  Takeaways      The power of compounding is essential for wealth creation.      Investing requires a mindset focused on continuous learning.      Humility is crucial in avoiding overconfidence in investing.      Delayed gratification is key to long-term success.      Wealth is not just about money; it's about life balance.      Kindness can be a competitive advantage in business.      Learning from adversity is vital for growth.      Cloning successful strategies can lead to better outcomes.      Navigating uncertainty requires preparation and humility.      True wealth includes health, relationships, and contribution.  Chapters  00:00 Introduction to Richer, Wiser, Happier  03:58 William Green's Journey to Investing  07:52 Lessons from Legendary Investors  13:26 Mindset of Successful Investors  16:10 Balancing Wealth and Life  20:55 Avoiding Stupidity in Investing  22:51 Understanding Market Complacency and Risk  24:58 The Art of Delayed Gratification in Investing  27:23 The Power of Compounding in Wealth and Wisdom  30:00 Compounding Goodwill and Building Relationships  32:10 Navigating Uncertainty in Investing  36:17 The Role of Humility and Luck in Success  39:16 The Importance of Sharing and Giving Back  42:34 Simple Ideas for a Richer, Happier Life  46:17 The Power of Peer Groups in Investing  49:23 The Ant Philosophy: Never Quit  Links and Resources:   Michael Yardney   Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us  William Green - Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life   Join us at Wealth Retreat - Australia’s Premier Wealth Retreat for Elite Investors and Business People www.WealthRetreat.com.au    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 are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.  Shownotes plus more here: Richer, Wiser, Happier – How the world’s greatest investors win in markets and life

We have just wrapped up another fascinating year in property, so it’s the perfect time to reflect on the trends, surprises, and key events that shaped the housing markets in 2024, and more importantly, look ahead to what 2025 might bring.   Joining me today is Dr. Nicola Powell, Chief of Research and Economics at Domain.   Together, we’ll unpack the major shifts we’ve seen this year, explore what they mean for investors and homeowners, and discuss the outlook for the year ahead in Domain’s End Of Year Wrap Up report.   At the end of our show today you should have some more clarity on what lies ahead for our housing markets, so let’s get started and see what lies in store for property in 2025.  Takeaways      2024 was a year of economic turmoil, but the housing market showed resilience.      Interest rates remaining high have created uncertainty for buyers and sellers.      The rental market is experiencing a shift with increased stock and lower vacancy rates.      Melbourne's property market has underperformed due to various factors that we discuss      Political policies will play a significant role in shaping the housing market in 2025.      Sustainability is becoming increasingly important for buyers in the property market.      The demand for green homes is rising, leading to quicker sales and higher prices.      2025 is expected to be a year of two halves, with potential growth in the second half.      Regional markets are seeing interest from buyers seeking affordability.      Understanding market dynamics is crucial for successful property investment.   Chapters  03:57 Surprises and Predictions for 2024  06:49 Melbourne's Market Dynamics  09:47 Shifts in Buyer Preferences  12:52 Regional vs. Capital City Markets  15:50 Forecasts for 2025  18:42 Government Policies and Their Impact  21:55 Sustainability Trends in Housing  24:40 Economic Concerns and Market Resilience  27:55 Final Thoughts and Predictions  Links and Resources:  Michael Yardney   Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us   Dr. Nicola Powell, Chief of Research and Economics at Domain.   Domain End-of-year Wrap 2024   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 are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.   Shownotes plus more here: Navigating the Property Market: 2024 Insights and 2025 Forecasts from Domain with Dr. Nicola Powell