Domain’s profit turnaround, Darren Krakowiak on service, not servitude, Ray White’s blueprint for success in 2024, +news and more

“They said it”

Good Morning from Elite Agent

Thirty per cent of Elite Agent readers believe the new ‘Right to Disconnect’ legislation will promote a healthier work-life balance and potentially improve overall productivity in the real estate industry. That’s according to the results of our snap poll from Movers + Shakers, our new weekly, Sunday newsletter, which is jam-packed full of the latest industry appointments, acquisitions, expansions and more. The poll also revealed many of you (also 30 per cent) need to see how the legislation is implemented before understanding the full ramifications (and we have updates on this on the way!).

There will be a new poll in this week’s edition of Movers + Shakers this Sunday, so subscribe here, and whitelist the email address [email protected], so you don’t miss a thing. Every vote in one of our polls also counts towards an entry into our ‘Win a ticket to Elite Retreat’ competition, which will be drawn on June 30 (one vote = one entry, max of one entry per week).

Today, we’re covering:

• Domain’s profit turnaround

• Darren Krakowiak on service not servitude

• Ray White agents focus on process

• Rental refuge in rural havens

• And much more!

Let's get to work 🚀

On our radar

Domain’s profit turnaround

Domain has released its half-year financial results, with a notable 11 per cent increase in revenue to $202.2M and a significant rise in net profit of 48.7 per cent to $25.8M, compared to the previous year. CEO Jason Pellegrino attributes these positive figures to a turnaround in the Sydney and Melbourne property markets. While Domain reported a 2 per cent drop in new 'for sale' listings, Jason anticipates a reversal in this trend and expects increases in the near future. More on Domain’s results here.

Together with Elite Retreat and Kolmeo

What's the difference between an average year and a really great year, or even a pivotal year in your business? Usually, it's not a dozen or more things - often, it is just one or two genius moves. And that is our theme for Elite Retreat this year, which will be held at the stunning Intercontinental Hayman Island resort.

Our speakers and invited guests will reveal their genius moves, from leadership to marketing, financial moves and also the moves they wish they had made but missed! Early Bird is only up until we announce our speaker lineup on 1 March - make your genius move by putting 11-14 August in your diary and securing your registration here.

Today’s Feature

Darren Krakowiak: Are you being accommodating or a doormat?

There's no doubt that real estate is a service-based industry. But what should you do when a client doesn't respect your time or expertise? In this feature, Darren Krakowiak from CRE Success explores the distinction between providing ‘exceptional service’ and being ‘subservient’. He also offers advice on establishing boundaries with clients to create a win-win situation for everyone. You can read more about it here.

Brekky Browse

People are talking about these. Read up; join in!

Ray White’s blueprint for success
Why the right processes make all the difference

Rental refuge found in regional havens
Renters escape the city squeeze for affordable communities

Small relief for NSW tenants emerges
A vacancy rate uptick offers temporary solace

From digital tools to heartfelt talks
Innovation and personal connections shape success

We may never be royals…
But you can be neighbours with Lorde

Put The Brief in your ears
with thanks to Rex Software

Anything else?

Age is no barrier

They say age is just a number, and an Iranian diver has proven exactly that. Earlier this week, Taghi Askari, who is 100, completed an exhibition dive at the 2024 World Championships in Doha. This remarkable achievement comes 73 years after he won silver and bronze at the first Asian Games. Mr. Askari will also be participating in the World Aquatics Masters Championships, which begins on February 23. He told World Aquatics that he has loved diving since he was a teenager and has never given up on his dream of competing.

Another person who never gave up on her dream is Nicola Parreira, from Barry Plant Narre Warren. Nicola risked everything her family had when she had the opportunity to run her own agency, and her story affirms the magic that can happen when you don’t give up on what you really want. Read more about her story here.