40 property investment lessons I learned in the last 4 decades

Hindsight is a wonderful thing, isn’t it? Let me ask you a question… with the benefit of hindsight and knowing what you know now, if you had the opportunity to do so, would you have bought an investment property 40 years ago? I bet your answer would be yes, realising that the median property price in Sydney was $68,500 back then and that you could have bought a median-priced property in Melbourne for just $40,000. So today I share 40 valuable lessons learned from over five decades of property investment. Takeaways Hindsight's a wonderful thing, isn't it? Successful investors have a long-term strategy. Don't do what most property investors do. The biggest risk is not doing anything. Location will do 80% of the heavy lifting. Don't rely on the media for your investment strategies. A change in your thinking will lead to a change in your life. You improve at what you practice intentionally. Time spent worrying is time that you could spend identifying opportunities. Never give up, you need resilience. Chapters 04:14 Key Lessons from 40 Years of Investing 04:41 Understanding Market Cycles and Trends 06:57 The Importance of Long-Term Strategies 11:05 The Role of Debt and Financial Management 14:17 Surrounding Yourself with the Right Team 16:33 The Importance of Quality Advice 19:45 Understanding Property Data and Market Dynamics 22:57 Mindset and Emotional Management in Investing 26:34 Learning from Mistakes and Resilience 28:29 The Masterclass of Daily Practice 31:13 Choosing What to Practice for a Better Life 31:33 Introduction to the Podcast and Demographics Decoded 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    Join us at Wealth Retreat - Australia’s Premier Wealth Retreat for Elite Investors and Business People www.WealthRetreat.com.au     Get a bundle of eBooks and Reports at 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: 40 property investment lessons I learned in the last 4 decades