Podcasts about yardney

It’s very easy to get sucked into property market predictions continuously getting pumped out by the media! Today, I’ve brought Michael Yardney back on the show. With 50 years of investing experience, he’s seen more market cycles than most and knows what to pay attention to. We’ll break down the biggest property myths and predictions that experts will get wrong this year. Investing in property is one of the best ways to build wealth—but only if you do it right. The problem? Most investors get it wrong by following short-term hype instead of long-term strategy. With so many "experts" giving conflicting advice, it's easy to feel lost. If you want to avoid costly mistakes and build real wealth, this episode is a must-listen. Let’s go inside!

Around Australia, weekend property auctions have become almost a national pastime. When we're not lockdown people go along to have a sticky beak, to get an idea of the market, to fantasize about their dream homes or just to watch the street theatre unfolding before them. It's a bit like watching buskers – you see an auction being conducted you just have to stop and gawk for a while. Of course, over the last year, we have had to learn to adapt in many auctions are conducted online, but auctions are still a particularly popular method of selling properties, especially when the market is strong. For all the street theatre and entertainment value, auctions represent a lot of stress and tension for those involved so today and in the next episode of the Michael Yardney podcast, we're going to concentrate on how to win at auctions. And even if you're not planning to buy a property at auction in the near future, there will be lots of information for you as I chat with my son Bryce Yardney, and you get inside the mind of a very successful investor and buyer's agent who has bought hundreds and hundreds of properties at auction for our clients at Metropole. What to do before and during an auction: Before the auction: Preliminaries include: getting finance preapproved, understanding what ownership entity you're using to purchase, having a strategic property plan if it's an investment, understanding what you must have, what you'd like to have, and what you don't have if you're buying a home and doing due diligence on your suburb. Attend a lot of auctions to feel at home with them and watch how the auctioneers work. In particular watch the auctioneer who will be showing the property you're interested in. Determining the value of the property Understand what's comparable in today's market. End up with 3 figures: what you think the property is worth The price you'd like to get it for The stretched price you're prepared to go to The purchase price shouldn't be determined by borrowing capacity. How do you find out the reserve? It doesn't really matter. Often the auctioneer doesn't know until the day of the auction. Finalizing contract terms Check with the agent to find out how should you pay the deposit Request any changes you'd like Four things the selling agent knows that you don't The real reason the vendor is selling The price range the owner wants How many other buyers are really interested and possibly the range they are likely to pay Things that are wrong with the property Can you buy a property before the auction? In today's market, because vendors are more confident that they will sell at auction, however, there are a number of reasons why vendors may be prepared to sell before auction. Nervous vendor Sensitive sellers – Sellers going through emotional challenges like death, divorce, illness. Time-sensitive vendors – they have already bought a house and the certainty of selling their old property outweighs the potential benefit of a higher price at auction. There isn't much interest in the property The agent is in a hurry to sell You have a premium offer on the table What to do on Auction Day Show up early Note the body language of the other players Know your competition – it's the underbidder, not the auctioneer Project confidence Open high Don't procrastinate over the next bid Avoid not bidding – that's not a strategy Know what bidding strategies don't work, like moving up in small increments or trying to swoop in at the end of the auction after staying silent If it's going to pass in, make sure you are the highest bidder, as this allows the first right to negotiate with the vendor. Be prepared to miss out. Stick to your ‘walk-away price. Resources: Michael Yardney Bryce Yardney – director Metropole Projects Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Collect your bundle of eBooks and reports here: www.PodcastBonus.com.au Shownotes plus more here: Hands up if you want to know more about auctions, with Bryce Yardney Some of our favourite quotes from the show: “Auctions do bring out emotion and, at the moment it's FOMO.” – Michael Yardney “Most adults start with the same amount of money. They just have a different philosophy.” – Michael Yardney “Poor people spend their money and save what's left, while rich people save their money and spend what's left.” – 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

Michael Yardney is the founder and CEO of Metropole Property Strategists, and has been voted Australia's leading property investment advisor four times in the last six years. He is also one of Australia's 50 most influential Thought Leaders and a five-time bestselling author. He bought his first property as a joint venture with his parents when he was just 21 years old and didn't know what he was doing— but he soon learnt, and now that $18,000 property is worth $2 million! Join us on this episode of Property Investory where you'll hear Yardney talk about his experience of growing up in a low-income migrant family amongst his wealthy peers, and how this motivated him to get involved in real estate. You'll hear his tried and tested ‘what not to do' stories, including making sure you do your due diligence when investing in a goldmine, and always ventilating the space you're painting in! See acast.com/privacy for privacy and opt-out information.

Michael Yardney is the founder and CEO of Metropole Property Strategists, and has been voted Australia's leading property investment advisor four times in the last six years. He is also one of Australia's 50 most influential Thought Leaders and a five-time bestselling author. He bought his first property as a joint venture with his parents when he was just 21 years old and didn't know what he was doing— but he soon learnt, and now that $18,000 property is worth $2 million! Join us on this episode of Property Investory where you'll hear Yardney talk about his experience of growing up in a low-income migrant family amongst his wealthy peers, and how this motivated him to get involved in real estate. You'll hear his tried and tested ‘what not to do' stories, including making sure you do your due diligence when investing in a goldmine, and always ventilating the space you're painting in! See acast.com/privacy for privacy and opt-out information.

In this episode of the Maven Money Personal Finance Podcast… Andy is joined by property expert and one of Australia's top thought leaders, Mike Yardney.   Quick Preview of the Podcast:   Property investment pearls of wisdom The Australian economy, a brief history The "Five Levels of Wealth"   Links:   Patreon    Humans Under Management   Andy Hart   Leave a review!     Don't forget to check out the Maven Adviser website for more great content.   So sit back and enjoy unrivalled words of wisdom from Andy Hart - host of the UK’s premier personal finance show.   Is there a topic you’d like Andy to cover? We’d love to hear from you! Contact Andy Hart directly with any comments / feedback on team@mavenadviser.com. Alternatively you can reach out on Twitter @MavenAdviser.   

Have you ever thought of getting involved in property development? That's what I'm going to talk about today with Bryce Yardney, director of Metropole Projects. We're seeing more and more people interested in property development because, in times of flatter capital growth, you're looking to manufacture capital growth. Today we're going to talk about some of the risks involved in property development. Property development involves a wide range of activities and processes and in order to be successful, you'll need to know about the market, the property, economics, finance, town planning, construction, and even marketing. It's difficult, but if you have a good team around you and you have the finance to do it, property development is a great way to build your assets and buy your next investment at wholesale. Hopefully, today's show will give you some insight into whether property development is for you, now or sometime in the future. Some of the common risks of property development that we discuss: Mistaking precedent for permission: The rules can change. Just because somebody else did it doesn't mean that you'll be able to do it. Not understanding what “subject to council approval” means: “Subject to council approval” is like the word “but”. Anything that comes before it is meaningless. You need to understand the council you're getting into and understand something about town planning – or at least have someone on your team who does. Not being cautious about competitive developments Delivering the wrong product to the market: Remember, it's not about what you would want. You need to understand what the market really wants Not anticipating bank hurdles: The banks are currently more difficult than They're afraid of what's going on and more conservative than usual. Borrowing is not impossible, but you need to be prepared for a number of hurdles. Not understanding what goes into choosing a builder: There are three big factors that go into choosing a builder. These are quality, time, and dollars. Don't get so hung up on dollars that you sacrifice the quality. Not having enough money for upfront costs: Banks don't lend for soft costs, like stamp duty, interests, consulting costs, etc, so you need to allow for enough money upfront to handle these expenses, that can run into the tens of thousands. Underestimating the power of the council Not employing a project manager Not know what you don't know: That's why you need somebody around you to help you – someone who will know the things that you don't know. Links and Resources: Interested in getting started in property development? Find out more here Bryce Yardney – Director Metropole Projects Metropole's Strategic Property Plan – to help both beginning and experienced investors Shownotes plus more here: Is getting started in property development right for you with Bryce Yardney Some of our favourite quotes from the show: “In my mind, one of the biggest risks in development is actually the developer: you, the person listening to this.” – Michael Yardney “Once you get it and it works, and you're manufacturing equity and you're getting good cash flow, it actually can almost be a self-perpetuating machine.” – Michael Yardney “Enjoy the journey, because if you don't enjoy the journey, you're not going to appreciate the destination when you get there.” – 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

Michael Yardney is a property investment icon in Australia, with more than 40 years of experience through multiple economic cycles. A best-selling author, educator and wealth advisor, Michael's clear-thinking, consistent insights are sought by experienced and emerging investors alike.In this episode, we talk about the key principles every investor must know and the traps to avoid. More importantly, though, we discuss the early days when he craved wealth for all the wrong reasons, right through to the lessons that made all the difference - allowing him to help thousands of people while living a rich and fulfilling life.

Michael Yardney is one of the world's leading experts on wealth creation and the psychology of success and the CEO of Metropole. With offices in Melbourne, Sydney and Brisbane the multi-award winning team at Metropole have bought, sold, financed, developed, advised, negotiated for and project managed more than $2 Billon worth of property transactions to create substantial wealth for their clients. Yardney writes a regular property column for Yahoo Finance, SmartCompany & Your Investment Property Magazine and is the author of 8 books five of which have become Amazon #1 best sellers. In this podcast, we discuss property investment, success, inspiration, mentors and mindset.

Michael Yardney, CEO of Metropole, lets us follow his journey to success - starting from a joint investment at the age of 21 - and how he learnt the importance of cash flow and property cycles first-hand. Uncover the multi millionaire's humble beginnings in business at a Melbourne restaurant called 'Metropole' and learn that you don't have to do it all on your own.As one of Australia's leading property advisors Yardney will provide his nuggets of wisdom, fresh from his wealth of experience, on everything from the intriguing evolvement of the Australian market to the importance of being cautious when getting into bed with other professionals.

Michael Yardney, CEO of Metropole, lets us follow his journey to success - starting from a joint investment at the age of 21 - and how he learnt the importance of cash flow and property cycles first-hand. Uncover the multi millionaire's humble beginnings in business at a Melbourne restaurant called ‘Metropole’ and learn that you don’t have to do it all on your own.As one of Australia’s leading property advisors Yardney will provide his nuggets of wisdom, fresh from his wealth of experience, on everything from the intriguing evolvement of the Australian market to the importance of being cautious when getting into bed with other professionals.