The Michael Yardney Podcast | Property Investment, Success & Money - Homeownership Dreams on Hold: What’s Really Stopping Younger Generations? With Simon Kuestenmacher

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

12/09/24 • 35 min

The Michael Yardney Podcast | Property Investment, Success & Money

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

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.

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

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

Previous Episode

The Myth of ‘Easy’ Property Wealth – What Investors Need to Know, with Brett Warren

In this episode of Michael Yardney Podcast I’m joined by Brett Warren to challenge a common belief many beginning property investors hold: that those who bought into the market 20 years ago had it easy.

It’s a complaint I hear often—‘If only I had bought back then, property was so affordable.’

But what if we told you that investing in property has never been easy? The investors who succeeded weren’t simply lucky—they were those who stayed the course through thick and thin.

We’ll also share the story of Joseph, one of our clients who bought a 2 bedroom apartment in Marrickville, Sydney, back in 2008 and paid $280,000 for his property, which is now valued at nearly $1 million.

Takeaways

Investing in property has always been challenging, regardless of the era.
Long-term thinking is crucial for successful property investment.
Emotional resilience helps investors navigate market fluctuations.
A strategic plan is essential for achieving investment goals.
Quality assets should be prioritised over the quantity of properties owned.
Market cycles are inevitable; understanding them is critical to success.
Investors should focus on fundamentals rather than short-term data.
Education and self-improvement are vital for financial success.
Networking with experienced investors can provide valuable insights.
Patience and a long-term vision are necessary for wealth creation.

Chapters

04:39 Long-Term Focus and Patience in Investing

07:40 Emotional Resilience in Property Investment

10:28 The Importance of a Strategic Plan

13:31 Quality Over Quantity in Property Assets

16:47 Understanding Market Cycles and Trends

19:30 Navigating Interest Rates and Economic Factors

22:46 The Window of Opportunity in Property Investment

24:45 The Importance of Reading for Wealth

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

Shownotes plus more here: The Myth of ‘Easy’ Property Wealth – What Investors Need to Know, with Brett Warren

Next Episode

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

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.