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

In this special year-end episode of the Michael Yardney Podcast, I chat with Stuart Wemyss about the key lessons we've both learned from the property markets in 2024 and what we can expect in 2025.

Let’s face it, 2024 threw plenty at us—rate movements, geopolitical turmoil, falling consumer confidence, uncertainty about rate movements, shifting buyer behaviour, and a housing market that continued to keep investors on their toes.

So we explore the impact of interest rates, regional market performance, and the mindset needed for successful property investment in 2025.

Takeaways

• The fundamentals for property in 2025 are sound but it's likley to be a year of 2 halves.
• Government policies and economic conditions will shape the property landscape in 2025.
• Successful investors focus on long-term strategies rather than short-term noise.
• Understanding the multifaceted nature of property is crucial for making informed decisions.
• The importance of asset selection cannot be overstated in a fluctuating market like we're experiencing.
• Interest rates are expected to stabilise or decrease, impacting investor confidence in the second half of the year.
• Perth and Adelaide have shown strong performance due to affordability - but will likley slow down in 2025.
• Investor behaviour can significantly influence market trends and property values.
• Luck plays a role in property investing, but preparation and knowledge are essential.
• Making good long-term decisions is essential for sustained success in property investment.

Chapters

00:00 Reflecting on 2024: Lessons Learned

04:29 Market Dynamics: Interest Rates and Borrowing Capacity

07:15 Regional Markets: The Rise of Adelaide, Perth, and Brisbane

10:39 Melbourne's Underperformance: Economic Factors at Play

13:16 Investor Sentiment: The Media's Role and Market Perception

16:38 Navigating Supply and Demand: Quality vs. Quantity

19:25 Creating Your Own Luck: The Importance of Preparedness

22:29 Looking Ahead: Predictions for 2025

25:23 The Role of Financial Services in Property Investment

28:27 Risks and Pitfalls: Caution for Investors

31:36 Long-Term Focus: Making Informed Decisions for the Future

36:44 Navigating Uncertainty in Property Investment

38:46 Winners vs. Losers: The Mindset Divide

40:09 The Power of Choice: Taking Responsibility

40:45 Understanding Market Trends

Links and Resources: 

Michael Yardney 

Stuart Wemyss – Prosolution Private Clients 

Stuart’s Book – Rules of the Lending Game & Investopoly 

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 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: 2024 in Review: Lessons from the Housing Market and Predictions for 2025 with Stuart Wemyss

In this “Big Picture” episode of my podcast I get together with leading financial commentator Pete Wargent, who brings decades of perspective to his views, and we discuss the clues in the news as to what’s ahead for our economy and the property markets.

Today we discuss the amended outlook for interest rates and what this means for our housing markets, an update on what APRA had to say about when they plan to loosen their lending buffers, what America’s new president Donald Trump may mean for Australia, the Help to Buy Scheme, and Australia’s ongoing Per Capita Recession.

I hope by the end of today’s show you’ll more clarity about what all this means for our economy and housing markets in 2025.

Takeaways

• Inflation has recently fallen to 2.1%, but interest rates won’t fall any time soon.
• APRA's lending buffers are not set to change soon.
• Donald Trump’s tariff move could change the game for Aussie property investors
• The rental price boom is showing signs of easing, but rents will keep rising in 2025
• 2025 is expected to be a steady year for property, with slower capital growth
• Mortgage stress remains a concern for many homeowners.
• Government schemes like Help to Buy aim to assist first-time buyers, but will only increase property values.
• Wealth in Australia continues to rise despite our economic challenges.
• Black Friday sales have shifted consumer spending habits.

Chapters

00:00 Overview of the Year in Property

09:50 Impact of Government Policies on Housing

21:34 Government Schemes and Their Implications

27:04 Navigating Uncertainty in Property Investment

31:47 Understanding Market Trends

Links and Resources:

Metropole’s Strategic Property Plan – to help both beginning and experienced investors

Get a bundle of free reports and eBooks – www.PodcastBonus.com.au

Pete Wargent’s blog

Pete Wargent’s new book, The Buy Right Approach to Property Investing

Pete’s other book – The New Wealth Way

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: What Will 2025 Bring for Australian Real Estate? Your Big Picture Guidewith Pete Wargent

It’s customary at the end of the year to look back at the year that was and then look forward to making some predictions for our housing markets for the year ahead, and in today’s show, Dr Andrew Wilson and I explore the trends that will shape the property markets in 2025.

Takeaways

• The housing market in 2024 has been consolidating after a strong rebound in 2023.
• 2025 is likely to be a year of 2 halves, and the markets will rebound when interest rates fall.
• Melbourne's property market is underperforming compared to other capitals but offers significant future opportunities as you can buy well located properties with substantial built in equity.
• Interest rates will likely remain steady till the middle of 2025, impacting buyer activity and market sentiment.
• Over 2024, Brisbane, Perth, and Adelaide property markets grew strongly and attracted investors, often buying secondary properties sight unseen
• Rental growth has slowed due to affordability barriers, but vacancy rates remain extremely low.
• Investors are returning to the market, particularly in states with strong capital growth.
• The economic outlook remains positive, supporting housing market stability in 2025.
• Local factors will drive price growth in 2025, rather than national trends.
• Understanding demographic trends is crucial for property investors.
• A strategic property plan can help investors navigate the current market conditions with more certainty.

Chapters

01:24 Year in Review: Housing Market Insights

04:16 Trends and Predictions for 2025

07:31 Regional Market Dynamics: Brisbane, Perth, and Adelaide

10:19 Melbourne's Market Challenges and Opportunities

13:15 Interest Rates: Current Landscape and Future Outlook

16:10 Investor Behavior and Market Shifts

19:21 Rental Market Trends and Affordability Issues

22:14 Investment Opportunities in a Changing Market

25:04 Consolidation and Future Growth Prospects

32:16 Introduction to Property Investment Trends

36:14 Introduction to Real Estate Investment

36:15 Understanding Market Trends and Analysis

37:39 Special Offers and Resources for Listeners

39:02 Understanding Property Investment Strategies

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 

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: Looking Back, Leaping Forward: Dr. Andrew Wilson’s Predictions for 2025

Today Simon Kuestenmacher and I explore why young Australians are increasingly delaying their dreams of homeownership.

We've all heard about skyrocketing property prices and the challenges of securing a mortgage but, as you’ll hear, there's more to the story than just affordability.

Sure, property prices present a significant barrier, but we also examine lifestyle changes, such as extended periods in education and the prioritisation of experiences over material possessions, reshaping the housing market landscape.

We also discuss some very important demographic shifts, including the transition of millennials from urban rentals to suburban family homes, and highlight the rise of build-to-rent and co-living spaces.

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 

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: Homeownership Dreams on Hold: What’s Really Stopping Younger Generations? With Simon Kuestenmacher