Anna Neelagama resigns from REIA, Paul McGee on choosing success, Experts tip a rate hold tomorrow, + news and more

Good Morning from Elite Agent

Anna Neelagama has resigned as chief executive officer of the REIA, but will continue her push to help solve Australia’s housing crisis with Master Builders ACT from September. Anna says there have been numerous highlights with the REIA, including shutting down the Australian Green’s push for rent freezes, along with making real estate transactions more accessible for the deaf and hard of hearing. Moving forward, Anna says she’s looking forward to championing greater housing supply with Master Builders. More here.

Today we are covering:

• Experts tip a rate hold tomorrow

• Paul McGee on choosing success

• The next million-dollar suburbs

• The REIQ slams Gold Coast ‘view tax’

• And much more!

Let's get to work 🚀

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COMMITMENT TO CLIENTS

Show unwavering commitment to your clients by being available and responsive, even during holidays or weekends. This dedication builds trust and can make a significant difference in closing deals.

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On our radar

Rates on hold, but a cut might be coming

Experts believe the RBA will keep rates on hold at tomorrow’s meeting and there might still be a chance of a cut later this year. A Finder survey found 81 per cent of experts believe the RBA will hold the cash rate at 4.35 per cent in August, despite sticky inflation. But the good news is 26 per cent expect to see the first cash rate cut by the end of the year. More here.

Today’s Feature

Paul McGee: 10 lessons in confidence, communication and choosing success

When it comes to confidence, the question isn't whether you've got it or not, but how you can develop it in any situation. On this episode of the Elevate podcast, host Samantha McLean talks with bestselling author and Elite Retreat speaker Paul McGee, also known as the SUMO Guy, about his strategies for building confidence, resilience, and effective leadership. More here.

Is this cubby house a 'playground' of imagination or the real deal? Get ready to 'slide' into the truth!

Brekky Browse

Meanwhile, in Europe 🇪🇺

Southern Europe’s real estate steals the show

Southern European cities, including Lisbon, Madrid, and Athens, experienced robust growth in residential property values in the first half of the year, with Lisbon leading the way at a 4.2 per cent increase, driven by an influx of wealthy foreign buyers, according to Savills Plc. This significantly exceeded the average 0.8 per cent increase across the 30 cities Savills analysed, as a housing supply crunch and a strong dollar attracted American buyers to the region. The prime rental market also saw substantial growth, with Lisbon, Dubai, and Bangkok among the top performers, as high interest rates and limited supply pushed more potential buyers into renting, leading to a 7.5 per cent increase in rents in Lisbon over the same period.

Anything else?

Top of the pops

American Bandstand first aired in the US on this day in 1957. After debuting as a local show in Philadelphia in 1952, and it quickly became a cultural phenomenon by introducing a wide array of musical acts to a teenage audience. The show's format, which featured teenagers dancing to the latest hits and occasional live performances by popular artists, was a groundbreaking concept that set the stage for future music television programs worldwide, including Australia's Countdown. Countdown aired from 1974 to 1987 and was hosted by Ian ‘Molly’ Meldrum.

Dates for your diary

Find Elite Agent Editor Samantha McLean speaking about real estate and AI at these upcoming events:

August 11-14 Elite Retreat, Hayman Island, Qld
August 25 PPM Conference, Gold Coast, Qld