In today’s show, Ken Raiss and I will discuss inheritance strategies to help make your children richer. Whether you've already built substantial wealth or are just starting your financial journey, it's never too early or too late to start thinking about how to pass on your wealth to the next generation. Today Ken shares his insights and expertise on estate planning, trust structures, and tax implications of inheritance. We discuss the pros and cons of different strategies, including gifting, testamentary trusts, and family trusts, and explore how these can be tailored to your specific needs an ..read more

Welcome to another Big Picture episode of the Michael Yardney podcast, where I chat with leading financial commentator Pete Wargent. Since our last chat, a lot's happened, including rising inflation causing embarrassment to the Reserve Bank, with some commentators now speculating interest rates will rise again. As usual, there are clues in the news as to what's ahead for our economy and our housing markets and we discuss a raft of macro and microeconomic factors that should give you some clues as to what's ahead for our housing markets. Housing Market Hurdles and Economic Trends in Australia W ..read more

For years, the dream of homeownership has seemed increasingly out of reach for many. But what of those who can't even afford to rent Social Housing? Waiting lists are overflowing and the number of available dwellings just needs to catch up. Today Nicola McDougall, chair of the Property Investment Professionals of Australia (PIPA) joins me and passionately advocates for a fair and more effective approach to social housing. You see, despite the government raking in billions of dollars from property taxes each year, our social housing stock has remained stagnant, and the number of people in despe ..read more

Today, I look into an issue that's causing ripples across the Victorian rental market and beyond. It's the exodus of landlords. Joining me today is Mike Mortlock, Managing Director of MCG Quantity Surveyors, who recently wrote a detailed report about this. Not surprisingly, the problem isn't just confined to Victoria. In general, many property investors are getting nervous and they're selling up. I also plan to ask him about another issue that could blow up and isn't just confined to Victoria. That's the fact that many are underinsured. Links and Resources: Michael Yardney Get the team at Metr ..read more

On today’s episode, Dr. Nicola Powell, the Chief of Research and Economics at Domain, and I want to discuss her latest Domain House Price Forecast Report, and I ask her to share her property forecasts for the financial year 2025. We'll delve into the key findings of the report, explore regional variations in house prices, and discuss the economic factors influencing the market. We'll also cover the impact of interest rates, government policies, and supply and demand dynamics on the housing sector. I’m sure you’ll find this episode packed with valuable insights you won't want to miss, so let’s ..read more

Today we're going to dive into the world of wealth creation and breaking the cycle of poverty. Joining me is Tom Corley, who's dedicated his career to understanding the behaviours that separate the rich and the poor. According to Tom's research, only 4% of people born into poverty become rich. Now, that's a shocking statistic. Why is it so hard to break free? What are those habits holding people back and, most importantly, what can be changed? Tom's going to answer those questions, and we're going to discuss the habits and mindsets that contribute to poverty, the role of knowledge and mentorsh ..read more

The common rhetoric in the media is that property prices just can’t keep going up; they’re too expensive, and our children will never be able to afford to get into the housing market. Is this true? Is the property party over? I’m sure you’ve also heard it said that Baby Boomers like me had it much easier back in our day, since it was easier to get finance and affordability was better, meaning it was easier to get into the housing market. Well, I know that I didn’t have it easy, but I did have the advantage of several significant property booms over the five decades of investing, and in my earl ..read more

While we regularly talk about property on this show, today we delve into the fascinating world of investment psychology with my good friend, Louise Bedford. If you're not familiar with Louise, she is a leading expert in behavioural finance, a best-selling author, educator, and expert in trading psychology, and known for her ability to blend the intricacies of financial markets with the profound impact of psychological resilience. I want to explore the themes from her latest book, Investing Psychology Secrets, and uncover the essential mental strategies investors need to succeed in today's mark ..read more

I have a very special episode for you today, where you'll hear Mark Bouris discuss what the Reserve Bank should think about when making interest rate decisions. You're going to hear Mark Bouris explain how he keeps his wealth – and it's not what you think. He's also going to explain the real reason you should build wealth now. Mark was the guest speaker at our recent Wealth Retreat. You're going to hear a portion of his discussion in this podcast today. If you're not familiar with who Mark Bouris is, he is the executive chairman of Yellow Brick Road, but he established a successful career by b ..read more

Today’s episode will not be a property episode, but it will definitely relate to property and building your wealth over time. Becoming financially fluent would be the best gift you can give yourself. The challenge is who do you listen to? Who do you get advice from? That's why, in my daily Property Update we deliver property information from a range of leading experts and I discuss a lot about how to become financially fluent, and that's why we have these sorts of episodes on the podcast. I’ve found that getting sound, impartial financial advice along your journey to wealth is not a cost. It's ..read more