Features buyers will pay more for, 40k empty homes in NSW, Property prices hit a new record, + news and more

Good Morning from Elite Agent

National property prices have hit a new record, rising .34 per cent in March to sit at a median $768,000. According to the PropTrackHome Price Index, property prices have risen 1.57 per cent in 2024, and are 6.79 per cent above March 2023 levels. PropTrack Senior Economist Eleanor Creagh says the price rise came despite a surge in listings, with the RBA keeping rents on hold resulting in greater positive sentiment among buyers and sellers. More here.

Today, we’re also covering

• Opportunity knocks for investors

• The features buyers will pay more for

• 40,000 ghost homes haunt NSW

• What Beyonce and these buyers have in common

• And much more!

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On our radar

Opportunity knocks for investors

Speaking of rising property prices, Herron Todd White has dropped its latest Month in Review, highlighting that surging immigration and scarce new housing supply are fuelling an uptick in prices. Those same two factors are also driving higher rents and lower vacancy rates. According to HTW experts, cashed-up investors, who don’t have to borrow funds, are poised to reap the most rewards, particularly if they look to buy in affordable areas such as Melbourne’s Western Suburbs or the Geelong region. More here.

Today’s Feature

Sharon Fox- Slater: How much insurance saved your landlords in 2023

Floods, storm damage, property damage, theft and unpaid rent were just some of the things landlords lodged more than 5660 insurance claims for in 2023. According to EBM RentCover’s Sharon Fox-Slater, this saved them paying more than $43M out of their own pocket. In today’s feature, Sharon crunches the numbers to also reveal which states had the most claims and what events tallied up the biggest payouts. More here.

Today’s Quiz

The spa of your dreams - but can you tell what’s real?

Brekky Browse

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

Outdoor TVs, showers and kitchens
The high-end features buyers will pay more for

More than 40,000 ghost homes haunt NSW
Breathing new life into them could lessen the housing crisis

All the single ladies…
Are saying yes to home ownership

Digital twins and the Omniverse
What they mean for commercial real estate

Strawberry Hill: no woman, no cry, just buy
A resort where every little thing is gonna be alright

Put The Brief in your ears
with thanks to AI Powered Agents

Anything else?

Is voice cloning too risky?

If you’ve long wished you could narrate a listing video in Morgan Freeman’s dulcet tones, the tech that can achieve such a feat already exists. Only OpenAI, the crew that created ChatGPT, aren’t ready to release Voice Engine publicly yet, deeming it too risky in a year of global elections. In a blog post, OpenAI says it is taking a “cautious and informed” approach to making the technology more widely available. It’s also further proof that the AI space is evolving at a considerable rate of knots, and if you want to keep up with the latest AI developments, and how they can benefit your business, put yourself on the waitlist for the next AI Powered Agents - LIVE! course. The six-week, digital course, hosted by Samantha McLean, is regularly updated with the latest AI evolution, to help you do more in less time and at low cost.