Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Here's an uncomfortable question to start today's show. When your last property deal didn't go the way you wanted, when a negotiation stalled, when the market moved against you, who did you blame?
 
The bank? The agent? Interest rates? The economy?
 
Here's the thing my guest today has learned after coaching some of the highest performing real estate agents in this country, and now some of Australia's leading business people and even a hedge fund manager.
 
The people who actually build serious wealth, in property, in business, in any field, almost never default to blame. They default to a single, uncomfortable question. What haven't I done well enough?
 
By the end of this episode, you're going to understand why roughly 20% of investors quietly build substantial, multi-generational wealth while the other 80% stay stuck, and it has very little to do with how much capital they start with or how smart they are.
 
You'll walk away with a practical way to catch yourself making excuses before they cost you your next deal, and a mindset shift that applies just as much to negotiating with a lender as it does to negotiating on price.
 
My guest today, Adam Joske, has spent more than 30 years studying that difference from inside one of the most competitive industries in Australia. He sold more than 1,200 properties, transacted close to $1 billion in residential real estate, led major agency networks and now coaches many of the country's leading agents and increasingly works with high performers well beyond real estate.
 
Yet today's conversation goes well beyond the mindset of successful real estate agents. We are going to explore what property investors, entrepreneurs and business leaders can learn from the way elite performers deal with setbacks, negotiation, responsibility, discipline and pressure.
 
Takeaways 
 
• Owning your decisions helps turn setbacks into useful lessons
• The 80/20 principle concentrates results among consistent performers
• Buyers can miss opportunities while waiting for certainty
• Market confidence may return faster than hesitant buyers expect
• Upper-end property can face different pressures than apartments
• Replacement cost offers context when assessing apartment value
• Comparable sales provide a stronger basis than inflated appraisals
• Agent negotiation skill matters more than the lowest commission
• Selling and buying in one market can reduce upgrade risk
• Resilience and rejection tolerance help sustain long-term performance
 
Chapters
 
02:36 - What separates top performers from everyone else
05:51 - If it's to be, it's up to me
08:40 - What buyers should do in this market
16:03 - How to choose an agent when selling
20:54 - Victoria's new reserve price disclosure rules
 
Links and Resources:
            
Join us at one of our upcoming seminars in Melbourne, Sydney, and Brisbane.
 
·        Click here for more details and to lock in your spot. https://metropole.com.au/how-to-grow-seminar/
·        Join us in this small group environment so you can get your personal questions answered.
 
Answer this week's trivia question here - https://www.propertytrivia.com.au/
·        Win a hard copy of Negotiate Influence Persuade.
·        Everyone wins a copy of a fully updated property report.
 
Michael Yardney – Subscribe to my Property Update newsletter here.
 
Get the team at Metropole to help build your personal Strategic Property plan. Click here and have a chat with us.
 
 
Adam Joske - https://adamjoske.com.au/
 
Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au 
 
Also, please subscribe to my other 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.
 
About The Michael Yardney Podcast | Property Investment And Wealth Creation Australia
 
The Michael Yardney Podcast is one of Australia's leading property investment podcasts, helping investors understand the Australian property market and build long-term wealth through strategic property investing.
 
Each week we explore:
• Australian property market updates
• Property investment strategies in Australia
• Melbourne property market trends
• Sydney property market forecasts
• Brisbane property investment opportunities
• Capital growth property strategies
• Property cycles in Australia
• Negative gearing and tax strategy
• Interest rates and their impact on property
• Buyer's agent insights and investment planning
 
If you're serious about building a high-performance property portfolio and creating financial freedom through real estate, this podcast will give you the clarity and strategy you need.
 
Learn more at:
https://propertyupdate.com.au
https://metropole.com.au

For twenty years, Australia's economy has been growing.         
 
Company profits have gone up, dividends have gone up, and property values have gone up.
 
But what if I told you that most of that growth had almost nothing to do with us getting smarter, more efficient, or more productive?
 
What if it was really just more people? More immigration, more houses needed, more traffic, more schools, more everything, but not one dollar per person any richer for it.
 
That is exactly what Ashley Owen, my guest today, has uncovered in a piece of research that should make every property investor sit up.
 
Because if the population growth tap gets turned off, and right now every side of politics is racing to turn it off, the growth story that's underpinned property values, company profits and rental demand for two decades could look very different.
 
By the end of this episode, you'll understand the real difference between population-driven growth and productivity-driven growth, why Australia has been taking the lazy option for twenty years, and most importantly, what it means for your property portfolio if immigration numbers keep getting cut.
 
We discuss Australia's reliance on population growth and what it means for the economy and property investors.
 
We examine why a larger economy does not necessarily translate into stronger living standards when productivity per person is barely growing.
 
Ashley traces Australia's slowing growth and explains how reforms in the 1980s and 1990s helped lift productivity.
 
We discuss the risks of slowing immigration before Australia has found new ways to boost output and address labour shortages.
 
The conversation turns to property, where housing undersupply, rising construction costs and builder failures make careful investment choices more important.
 
Takeaways 
 
• Population growth has masked Australia's weak productivity gains.
• Flat productivity limits improvements in living standards per person.
• Slower immigration could expose Australia's reliance on a growing workforce.
• Labour shortages may disrupt industries reliant on migrant workers.
• Past reforms helped lift productivity through competition and deregulation.
• Government employment growth does not automatically raise national productivity.
• Wage growth without productivity gains can add inflationary pressure.
• Housing shortages can keep rents elevated despite slower economic growth.
• Rising construction costs make new housing supply harder to deliver.
• Selective investors may favour established properties in undersupplied areas.
 
Chapters
 
04:43 - Two ways to grow an economy
08:22 - Seventy years of decline under every government
16:40 - What the eighties reforms actually did
22:24 - Cutting immigration and the AI fairytale
29:51 - The reforms that would actually work
 
Links and Resources:
 
Answer this week's trivia question here - https://www.propertytrivia.com.au/
•        Win a copy of How To Grow A Multi-Million Dollar Property Portfolio In Your Spare Time.
•        Every entry receives a copy of a fully updated Michael Yardney Property Report.
 
Michael Yardney – Subscribe to my Property Update newsletter here
 
Get the team at Metropole to help build your personal Strategic Property Plan. Click here and have a chat with us. 
 
Ashley Owen, Director of Owen Analytics https://www.owenanalytics.com.au/
 
Article mentioned in the podcast:
https://www.owenanalytics.com.au/2026sep04-pop-productivity
 
Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au
 
Also, please subscribe to my other 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.
 
About The Michael Yardney Podcast | Property Investment And Wealth Creation Australia
 
The Michael Yardney Podcast is one of Australia's leading property investment podcasts, helping investors understand the Australian property market and build long-term wealth through strategic property investing.
 
Each week we explore:
 
• Australian property market updates
• Property investment strategies in Australia
• Melbourne property market trends
• Sydney property market forecasts
• Brisbane property investment opportunities
• Capital growth property strategies
• Property cycles in Australia
• Negative gearing and tax strategy
• Interest rates and their impact on property
• Buyer's agent insights and investment planning
 
If you're serious about building a high-performance property portfolio and creating financial freedom through real estate, this podcast will give you the clarity and strategy you need.
 
Learn more at:
https://propertyupdate.com.au
https://metropole.com.au

Right now, property headlines are telling you the market is falling apart.
 
Prices have been down in almost every capital city for months in a row. Bank economists are downgrading their forecasts. Talk of more interest rate rises before Christmas.
 
And if you're an investor watching your portfolio value dip on paper, that news cycle feels personal.
 
But what if I told you that the very thing that's spooking everyone right now, this run of falling prices, is actually the setup for the next property boom, not the end of one?
 
Well, that's the view of my guest today - John Lindeman, one of Australia's most respected property market analysts and researchers.
 
In this episode, I speak with John Lindeman about why Australia's property downturn may be setting the scene for the next upswing.
 
We examine the slingshot effect: pent-up buyer demand can return quickly when confidence improves or lending conditions change.
 
John explains how interest rates, bank incentives and APRA's borrowing buffer could influence buyer activity and property prices.
 
We look at why sales volumes, inspections and loan pre-approvals can reveal a market turn before prices do.
 
The key message for investors is to seek quality property and long-term value rather than trying to perfectly time the bottom.
 
Takeaways
 
• Housing shortages underpin long-term demand in capital cities.
• Buyer uncertainty can suppress sales without removing demand.
• Pent-up buyers may return quickly after confidence improves.
• Lower interest rates helped lift prices after the GFC.
• Deposit guarantees give government a stake in housing stability.
• Banks may offer incentives to revive mortgage lending activity.
• APRA's assessment buffer influences how much buyers can borrow.
• Higher sales volumes can signal a turn before prices.
• Open-home attendance helps reveal changes in buyer confidence.
• Quality investment-grade property matters more than timing perfectly.
 
Chapters
 
03:05 - How long this downturn will last
05:26 - What the slingshot effect actually is
06:33 - The lesson from the GFC crash that never came
10:43 - APRA, the buffer rate and the trigger nobody talks about
14:25 - The early indicators to watch for
 
Links and Resources:
 
Join me at one of our upcoming seminars in Melbourne, Sydney, and Brisbane.
•        Click here for more details and to lock in your spot. https://metropole.com.au/how-to-grow-seminar/
•        Join us in this small group environment so you can get your personal questions answered.
 
Answer this week's trivia question here - https://www.propertytrivia.com.au/
•        Win a hard copy of Negotiate Influence Persuade.
•        Everyone wins a copy of a fully updated property report
 
Michael Yardney – Subscribe to my Property Update newsletter here
 
Get the team at Metropole to help build your personal Strategic Property Plan. Click here and have a chat with us.
 
John Lindeman, Lindeman Reports.
https://lindemanreports.com.au/
 
Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au 
 
Also, please subscribe to my other 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.
 
About The Michael Yardney Podcast | Property Investment And Wealth Creation Australia
 
The Michael Yardney Podcast is one of Australia's leading property investment podcasts, helping investors understand the Australian property market and build long-term wealth through strategic property investing.
 
Each week we explore:
 
• Australian property market updates
• Property investment strategies in Australia
• Melbourne property market trends
• Sydney property market forecasts
• Brisbane property investment opportunities
• Capital growth property strategies
• Property cycles in Australia
• Negative gearing and tax strategy
• Interest rates and their impact on property
• Buyer's agent insights and investment planning
 
If you're serious about building a high-performance property portfolio and creating financial freedom through real estate, this podcast will give you the clarity and strategy you need.
 
Learn more at:
https://propertyupdate.com.au
https://metropole.com.au

Melbourne property investors have endured almost a decade of disappointing growth, and the usual explanation is taxes, debt and government policy.
 
But what if the biggest cause was the extraordinary 20-year boom that came before it? 
 
By the end of this episode, you'll understand exactly why Melbourne has underperformed for the best part of a decade, why the usual suspects, land tax, state debt, poor sentiment, probably aren't the real culprits, and why the length of Melbourne's flat patch might actually be the strongest signal yet that a powerful new growth cycle is coming.
 
Stuart Wemyss, my guest today, has crunched forty-five years of data across every capital city in Australia, and what he's found flips the whole "Victoria is broken" narrative on its head.
 
In this episode, we discuss Melbourne's property market and what its long period of weak growth could mean for investors.
 
We examine why Melbourne's recent performance may be the aftermath of an unusually strong 20-year boom, rather than the result of one policy or economic factor.
 
Stuart explains how he uses 45 years of capital city data to compare current prices with long-term trends.
 
We explore why Melbourne houses and apartments appear below those trends, and what might prompt the market's next growth phase.
 
The conversation also considers rental yields, negative gearing changes and the choices investors can make when planning for the long term.
 
Takeaways 
• A long boom helps explain Melbourne's recent stagnation
• Tax changes can shape sentiment without explaining everything
• State debt alone doesn't predict property performance
• Population growth and productivity support economic expansion
• Forty-five years of data reveal long-term market trends
• Melbourne houses sit below their estimated long-term trend
• Apartments appear further below trend than houses
• Percentage growth may ease as property prices rise
• Stronger yields may improve an investment's income profile
• Buying selectively can matter before growth returns
 
Links and Resources:
 
Join us at one of our upcoming seminars in Melbourne, Sydney, and Brisbane.
·        Click here for more details and to lock in your spot.
https://metropole.com.au/how-to-grow-seminar/
·        Join us in this small group environment so you can get your personal questions answered.
 
Answer this week's trivia question here - https://www.propertytrivia.com.au/
·        Win a hard copy of How To Grow A Multi-Million Dollar Property Portfolio In Your Spare Time.
·        Everyone wins a copy of a fully updated property report.
 
Michael Yardney
 
Get the team at Metropole to help build your personal Strategic Property Plan. Click here and have a chat with us.
 
Stuart Wemyss – Prosolution Private Clients
 
Stuart's new book – Wealth by Design: 8 rules for smarter investing and financial freedom
https://www.amazon.com.au/Wealth-Design-smarter-investing-financial/dp/192318654X/
 
Get a bundle of free reports and eBooks: www.PodcastBonus.com.au
 
Also, please subscribe to my other 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.
 
About The Michael Yardney Podcast | Property Investment And Wealth Creation  Australia
 
The Michael Yardney Podcast is one of Australia's leading property investment podcasts, helping investors understand the Australian property market and build long-term wealth through strategic property investing.
 
Each week we explore:
• Australian property market updates
• Property investment strategies in Australia
• Melbourne property market trends
• Sydney property market forecasts
• Brisbane property investment opportunities
• Capital growth property strategies
• Property cycles in Australia
• Negative gearing and tax strategy
• Interest rates and their impact on property
• Buyer's agent insights and investment planning
 
If you're serious about building a high-performance property portfolio and creating financial freedom through real estate, this podcast will give you the clarity and strategy you need.
 
Learn more at:
https://propertyupdate.com.au
https://metropole.com.au

What if the biggest financial mistakes people make aren't about picking the wrong investment or getting the timing wrong - but about the things nobody ever sat them down and actually explained?
 
I've spent over 50 years in property investment. I've read hundreds of books, attended countless courses, paid for mentors, and written nine books of my own.
 
And yet, despite all of that, some of the most important money lessons took me far longer to truly understand than I would have liked.
 
Today, I want to share those with you. Not as theory, but as the hard-won insights I'd go back and tell my younger self if I could - lessons that would have accelerated my wealth-building and saved me from a few unnecessary headaches along the way.
 
Some of these will challenge what you've been told. Some will feel obvious in hindsight. And a few might make you stop and think differently about decisions you're making right now.
 
The discussion explores how delayed gratification and patience can help investors build lasting wealth instead of chasing quick results.
 
The episode considers why daily market noise can lead to poor decisions, while quality assets and long-term thinking provide greater perspective.
 
I explain why property investment should be treated as a deliberate process involving strategy, the right team, careful asset selection and disciplined risk management.
 
The conversation concludes by looking at future-focused decision-making, the value of financial freedom and why most worries never become as serious as expected.
 
Takeaways 
 
• Patience allows quality investments to benefit from long-term compounding
• Productive debt funds assets capable of growing in value
• Consumer debt reduces wealth by financing short-term spending
• Cash-flow buffers protect investors during rising interest rates
• Daily market commentary can encourage emotionally driven decisions
• Property often appears expensive before long-term growth becomes visible
• Investment success depends more on fundamentals than forecasts
• A clear strategy prevents impulsive property purchases
• Financial freedom gives people greater control over life choices
• Future-focused decisions can improve money, health and relationships
 
Chapters
 
03:06 - Lesson 1: Learn delayed gratification
04:48 - Lesson 2: Debt is not the enemy, mismanaged debt is
06:48 - Lesson 3: Watching the market daily will not help
09:20 - Lesson 4: In 30 years you will wish you invested more
10:57 - Lesson 5: Nobody knows short term performance
14:13 - Lesson 6: Property investing is a process, not an event
16:34 - Lesson 7: Money cannot buy happiness but it changes the terms
17:55 - Lesson 8: You only need the core principles
19:58 - Lesson 9: Will my future self approve of this
21:18 - Lesson 10: Things will work out
 
Links and Resources:
 
Join us at one of our upcoming seminars in Melbourne, Sydney, and Brisbane.
 
•        Click here for more details and to lock in your spot.
https://metropole.com.au/how-to-grow-seminar/
•        Join us in this small group environment so you can get your personal questions answered.
 
Answer this week's trivia question here - https://www.propertytrivia.com.au/
·        Win a hard copy of How To Grow A Multi-Million Dollar Property Portfolio In Your Spare Time?
·        Everyone wins a copy of a fully updated property report – What's ahead for property for 2026 and beyond.
 
Michael Yardney – Subscribe to my Property Update newsletter here.
 
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 eBooks and Reports at: www.PodcastBonus.com.au
 
Also, please subscribe to my other 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.
 
About The Michael Yardney Podcast | Property Investment And Wealth Creation Australia
 
Success in property investment isn't just about numbers - it's about mindset, behaviour and decision making.
 
In The Michael Yardney Podcast, we explore the psychology of wealth, the habits of successful investors, and how to think strategically during uncertain market conditions.
 
Regular topics include:
• Psychology of money and wealth
• Investor behaviour and market cycles
• Rich habits vs poor habits
• High performance mindset
• Risk management thinking
• Decision making under pressure
• Long-term investing discipline
• Overcoming fear in property markets
• Building wealth through strategy, not speculation
 
If you want to avoid common investor mistakes and develop the mindset required to build lasting wealth in Australia's property market, this podcast is for you.
 
More resources at:
https://propertyupdate.com.au
https://metropole.com.au