Preview Mode Links will not work in preview mode

Michael Yardney Podcast

Insightful, educational and always interesting

Listen and learn from Michael Yardney, Australia’s most trusted property commentator and a group of experts as they discuss Property Investment, Success, Money and Finance to help you multiply your wealth.
While Michael is best known as a property expert, he is also Australia’s leading authority in the psychology of success and wealth creation. You’ll enjoy the way he challenges traditional finance advice with innovative ideas on real estate investing, personal finance and wealth creation. 
SUBSCRIBE NOW so you can learn a few new ideas each week in around 30 minutes.

May 13, 2020

We’re heading for the biggest crash since the great depression and it’s just around the corner, according to Harry Dent. He’s doing a virtual seminar telling anyone who’s prepared to listen that we’re headed for a stock market crash, a major depression, and the value of your home dropping 40-50%. Today we’re going to have a chat with Harry Dent, and I’m also going to have a talk with Pete Wargent.

Before we get into the interview, a word of warning. Especially for the fainthearted. Harry makes some really scary predictions. Please listen to the whole interview, and don’t sell up your assets before you listen to my views and Pete Wargent’s. 

Topics Discussed With Harry Dent

  • Why Harry thinks that we’re approaching an economic winter with fallout worse than the Great Depression
  • Why Harry believes we’re in a bubble
  • Whether bubbles have to burst – can’t they just deflate?
  • What the demographics are indicating will happen next to our economy
  • The trigger that will burst the bubble
  • Whether Harry believes there are safe ways to invest
  • What business owners should be doing right now
  • What Harry sees happening to the property market in Australia
  • How immigration underpins Australia’s real estate market
  • The upsides that Harry sees on the other side of the downturn
  • What Harry would say to people who heard his previous predictions
  • The message that Harry has for Australians in his virtual seminar

Topics Discussed With Pete Wargent

  • What a bubble really is and what happens when one bursts
  • Whether the average Australian household has taken on too much debt
  • The government’s current response to the crisis
  • What the government has learned from previous downturns
  • When the recovery will begin
  • How Australia’s demographics compare to other countries
  • The soundness of Australia’s banking system
  • What could cause a collapse in the value of property in Australia
  • Australia’s culture of homeownership
  • Where there are likely to be the most difficulties in the property market

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

Harry Dent’s website

Harry Dent’s Australian virtual seminar

Pete Wargent  Next Level Wealth 

Pete Wargent’s new book Low Rates High Returns

Shownotes plus more here: Will the bubble burst or do we burst Harry’s Dent’s Bubble? | Interviews with Harry Dent and Pete Wargent

Some of our favourite quotes from the show:

“Well, we have some features of a bubble, yes, but we’re actually not in a bubble.” – Michael Yardney

“Here we’ve got 70% of properties owned by homeowners, half of them without debt, and those of them that do have debt, it’s in the hands of those who can afford it.” – Michael Yardney

“In the rest of the world, a lot of people expect to be tenants all their life; here in Australia people would rather eat dog food than give up their homes.” – Michael Yardney


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