Federal Budget reaction, Donald Bradman’s childhood home, Jody Fewster on building success, +news and more

Good Morning from Elite Agent

Real estate and housing experts across the country have had their say on Tuesday’s Federal Budget, with some giving the thumbs up to Treasurer Jim Chalmers’ cash splash, while others lament it doesn’t go far enough to solve the housing crisis. Domain’s Dr Nicola Powell says it’s great that the Budget focuses on housing supply but stresses the Federal Government needs to think more long-term, while CoreLogic’s Eliza Owen pointed out three critical ‘misses’ in the Budget including the opportunity to better target commonwealth rent assistance, to provide a bigger boost to construction capacity and to shape housing demand. Discover them, and the opinion of our full panel of experts, here.

Today, we are also covering:

• Sir Donald Bradman’s childhood home

• Jody Fewster on creating a success environment

• The fastest growing city in the country

• NZ vendors selling at a loss

• And much more!

Let's get to work 🚀

Instant Inspo 💡

FILTER OPPORTUNITIES

Simplify your vision into a single sentence that allows you to filter opportunities. Stay open to new possibilities rather than rigidly setting goals that may limit your potential.

Go Deeper with Lisa Messenger here.

On our radar

Hit for six!

The childhood home of Australia’s greatest ever sportsperson, Sir Donald Bradman is on the market after a meticulous restoration. The period home at 52 Shepherd St, Bowral, where ‘The Don’ is said to have refined his cricketing ability, by throwing a golf ball at the base of a water tank stand and hitting the golf ball with a small cricket stump, was the batsman’s home between the ages of three and 15. That tank stand is still at the property, which took vendors, Andrew Leeming and his wife, Erica, three years to renovate. More here.

Market Mastery with Mark Kentwell

Give your business lift-off

There’s just one day until the third and final session in the Master the Market with Mark Kentwell series. The third session kicks off tomorrow (Friday, May 17), at 12.30pm AEST. It promises to teach you how to hire and retain your dream team, and triple your business. The session is perfect for sales agents generating up to $750K in GCI, and will give you insights into building the inner workings of a successful EBU, including who to hire, what to pay them, and what to delegate. If you missed the first two sessions, don’t worry, because there are replays. You’ll find those, and how to register for Friday’s session, here.

Today’s Feature

Jody Fewster: How to create an environment that fosters success

If you want to become an elite performer selling luxury property, then you need to create an environment that fosters success. That’s exactly how Ray White Cottesloe | Mosman Park selling principal, Jody Fewster has been able to rapidly corner Perth’s exclusive Western Suburbs market. In today’s feature, Jody tells Ray White Head of Performance and Recognition, Bianca Denham, what it takes to get to the top. More here.

Today’s Quiz

Which bedside table's alarm clock is waking you up to reality, and which one is just dreaming?

Brekky Browse

Meanwhile in the US 🇺🇸

New housing policies stir controversy

Speaking of budgets, New York state lawmakers have passed a sweeping budget bill introducing a property tax break, new tenant protections, office-to-residential conversions, and revised renovation rules for rent-stabilised apartments. The legislation, negotiated by Governor Kathy Hochul and Mayor Eric Adams, aims to boost housing production and enhance tenants' rights, but has faced criticism from both real estate and tenant groups for being imbalanced. Key elements include the replacement of the 421a tax break with 485x, office conversion incentives, a pilot program for basement apartments, and revised rules for rent increases on renovated rent-stabilised units. More here.

Anything else?

Can everyone access your digital content?

Today, Global Accessibility Awareness Day, will shine a stark spotlight on the ongoing struggle for digital access and inclusion for people with disabilities. Despite technological advancements, millions still face significant barriers in accessing essential online services. This day serves as a critical reminder to tech developers and policymakers that true digital equity remains an urgent, unfinished task. One person that understands the importance of digital accessibility is Kolmeo’s Brock Fisher who explains how you can ensure your digital content can be used by all, here.

Dates for your diary

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

May 17 Raine & Horne PM Conference, Bowral, NSW
May 27 AREC, Gold Coast, Qld
June 3 Harcourts PM Conference, Gold Coast, Qld
July 12 AI Powered Agents Subscriber Masterclass (Virtual)
July 19 Leah Calnan National PM Day, Melbourne, Vic
July 30-Aug 1 Proptech Summit + Workshop, Sydney
August 11-14 Elite Retreat, Hayman Island, Qld
August 25 PPM Conference, Gold Coast, Qld