For Michael Yardney, CEO of Metropole Property Strategists, real wealth has nothing to do with material things
When Michael Yardney began his investment journey at the tender age of 19, he teamed up with his parents.
“I was still at university and working part-time. I wanted to get into property but couldn’t afford to do it on my own, so I convinced my parents to buy a property together with me,” he says.
That first property became Yardney’s favourite investment, as it generated considerable growth through inflation and became the stepping stone to building an extensive portfolio.
Quick capital growth in his first property helped Michael invest in his second property sooner
“Over the years, I have grown a very substantial property portfolio, which has funded my lifestyle and allowed me to leave a legacy to my children and grandchildren,” Yardney says.
He also supports many charities, on the understanding that one’s bank account is not an indication of true wealth.
“It took many years for me to learn that true wealth is what you are left with when they take all your money and properties away,” he says.
“It’s your health, your family and friends, your knowledge and mindset, your spirituality and your ability to contribute to society.”
AT A GLANCE
Purchase of first property = 1973
Age when he first invested = 19
Years investing = 44
Top Suburbs :
st kilda west
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