Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Why do some people work hard for decades yet never become financially secure, while others steadily build wealth, opportunities and choices?
 
It is tempting to put the difference down to income, intelligence, luck or even the investment assets they choose.
 
Yet my guest today is Tom Corley, has spent years studying wealthy people, and his research suggests that the real difference is often found in their daily habits, relationships and decisions.
 
So today, we are going to work through what Tom calls the 10 laws of wealth creation.
 
By the end of our conversation, you'll understand why having a clear vision matters, how to choose the wealth-building path that suits you, why relationships and health influence your financial outcomes, and how successful people handle risk, setbacks and failure.
 
We'll also explore what these findings mean for property investors, because owning an investment-grade property is only part of the wealth equation. Your habits, patience and decision-making will determine whether you hold it long enough to enjoy the rewards.
 
Tom shares how his research led to 10 wealth-creation laws, including the importance of a clear vision and choosing a path that suits your personality.
 
Takeaways 
 
• A clear ten-year vision shapes wealth-building decisions
• Match your wealth path to your personality
• Living below your means creates investable surplus
• Consistent investing allows compounding to build wealth
• Lifelong learning helps reveal overlooked opportunities
• Experienced mentors can help prevent costly mistakes
• Research turns speculation into calculated risk-taking
• Trusted relationships can open doors to opportunities
• Daily habits turn long-term goals into action
• Exercise can support sharper thinking and longer careers
 
Chapters
 
03:26 - Why a vague goal to be wealthy never works
06:11 - The four paths to self made wealth
09:04 - Consistent investing beats timing the market
12:21 - Calculated risk versus speculation
17:54 - What failure teaches that success cannot
 
Links and Resources:
 
Answer this week's trivia question here - https://www.PropertyTrivia.com.au/
·        Win a hard copy of Michael Yardney's and Tom Corley's Book – Rich Habits, Poor Habits
·        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.
 
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
 
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

Imagine being told that an area has a housing shortage, the vacancy rate is low, a new train line is coming, and the property you're looking at is below market value.
 
They sound reassuring, which is exactly why they work so well.
 
Over the years I've watched many hardworking Australians hand over their deposits on the strength of words like these, and plenty of them are still waiting for the growth they were promised a decade ago.
 
Today my guest Dorian Traill and I are going to translate the marketing language that gets used on property investors into what it usually means in practice.
 
By the end of this episode, you'll know how a vacancy rate can be used to mislead you, why a new housing estate can look like it's growing strongly when established homes nearby haven't moved, and what a rental guarantee really costs you.
 
You'll also hear about the brand new sales pitch the 2026 Federal Budget has handed to the spruikers, including a detail about new-build tax concessions that I don't think most investors have picked up on yet.
 
And you'll finish with a handful of simple questions you can ask before you sign anything, which could save you years of frustration and a lot of money.
 
Takeaways
 
• Ask who pays the person giving property advice
 
• Match vacancy data to the property type and location
 
• A construction boom does not guarantee capital growth
 
• Rental guarantees may be priced into the purchase
 
• Short-term guarantees cannot remove long-term oversupply risk
 
• National housing shortages do not validate every property
 
• New house sales can distort suburb growth claims
 
• Tax benefits alone cannot make poor numbers work
 
• Investor-focused designs may limit future resale demand
 
• AI suburb rankings cannot replace local market knowledge
 
Chapters
 
04:35 - The first question to ask: who pays
07:08 - How a vacancy rate can mislead you
09:10 - Construction boom is not a capital growth boom
13:18 - Why high capital growth areas often aren't
25:07 - AI suburb picks and the double every ten years myth
 
Links and Resources:
 
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.
 
Dorian Traill, Senior Wealth Planner, Metropole
https://metropole.com.au/expert/dorian-traill/
 
Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au
https://propertyupdate.com.au/podcast-bonus/
 
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

Every year, economists, property analysts and media commentators tell us where interest rates, house prices and rents are heading next.
 
Some forecasts will be broadly correct, many will miss the mark, and almost none will anticipate the unexpected events that eventually shape our markets.
 
Yet property investors continue searching for certainty, which is understandable when they are committing hundreds of thousands of dollars and taking on debt that may last for decades. The danger begins when a forecast designed to describe one possible future is treated as a promise.
 
In today's show, I want to explain why precise property forecasts can create false confidence, why dramatic boom and crash predictions receive far more attention than they deserve, and how our own cognitive biases can make us vulnerable to them.
 
I'll explain why, after more than 50 years of investing, I prefer to have expectations rather than forecasts. Expectations give me direction, while a Strategic Property Plan provides the roadmap and allows me to prepare for several possible futures.
 
I also explore how personal philosophy influences investment decisions, drawing on Jim Rohn's "set the sail" idea to encourage thoughtful, adaptable action.
 
Takeaways 
 
• Precise forecasts can create misleading investment confidence
• Australian property markets behave differently across regions
• Changing assumptions can quickly invalidate market predictions
• Investor bias influences how forecasts are interpreted
• Loss aversion makes crash predictions especially persuasive
• Property fundamentals matter more than short-term headlines
• Financial buffers help investors withstand market volatility
• Strategic plans reduce emotional investment decisions
• Constantly changing direction can damage long-term wealth
• Personal philosophy shapes financial choices and outcomes
 
Chapters
 
02:31 - What Shane Oliver says about the limits of forecasting
05:42 - Why precise forecasts create false confidence
08:24 - What to focus on instead of predictions
12:04 - Expectations versus forecasts
17:19 - Why chasing forecasts costs investors years
 
Links and Resources:
 
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

Sydney and Melbourne house prices have just recorded their first monthly rise since April, and I think that's an important signal for anyone wondering where our property markets are heading as we move towards 2027.
 
Many commentators had written off our two biggest markets this year, after four interest rate rises, major changes to property taxes and a big cut in migration.
 
Yet Melbourne led the nation in October, with house prices up 0.6% over the month, and Hobart and Sydney also moved higher.
 
Meanwhile Brisbane, one of the stars of the last few years, recorded the biggest monthly fall of any capital city, and Perth and Adelaide also went backwards.
 
According to Dr. Andrew Wilson's My Housing Market, national house prices are still 3.8% lower than they were a year ago, but the rate of decline has roughly halved in a month as the spring selling season brings buyers and sellers back.
 
Today Dr Wilson and I  look at what's driving this shift and why national unit prices have just recorded their first annual fall since mid-2023. We'll also cover why unemployment at its highest level since COVID could change the RBA's thinking on rates, and why the government's new investor tax changes are likely to push rents higher, not lower.
 
Most importantly, we'll talk about what all this means for you if you're thinking of buying, selling or building your portfolio over the next 12 months.
 
Stick around to hear why this could signal an early recovery, and what it means for buyers and investors.
 
Takeaways
 
• Spring selling season lifts sales as buyers return
• Melbourne's three-year slump now offers buyers cheaper entry prices
• Brisbane's boom cools as higher rates push prices down
• Rate rises lose bite as markets adapt
• Rising unemployment pressures the Reserve Bank to hold rates
• Fewer international students raise unit vacancies, flattening rents
• Buyers enjoy lower prices and less competition right now
• Perth still leads year-to-date growth despite higher rates
• Brisbane units slump after a 26.7% two-year surge
• Canberra units rising 1.7% shows pockets of strength
 
Links and Resources:
 
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
 
Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au
 
Get the team at Metropole to help build your personal Strategic Property plan. Click here and have a chat with us
 
 
Michael Yardney – Subscribe to my Property Update newsletter here
 
 
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

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