Selling $50M in 24 hours, Vacancy rates drop to another record low, Building a business from the ground up, +news and more

“They said it”

Good Morning from Elite Agent

A bit of good news for home owners this morning - distressed listings continued to fall in February, with the latest figures from Domain showing a drop in every capital city. The proportion of distressed listings has fallen to a record low of 1.6 per cent in Perth, while in Hobart, distressed listings make up 0.7 per cent of total listings, which is the lowest of all the capitals. We asked Domain Chief of Research and Economics Dr Nicola Powell what’s led to the drop in distressed listings and she shares her analysis here.

Today, we’ve also got for you

• How to sell $50M of property in 24 hours

• Building a business from the ground up

• Vacancy rates drop to another record low

• Is this the world’s worst home?

• And much more!

Let's get to work 🚀

On our radar

How to sell $50M of property in 24 hours

A trio of Highland Property Group agents sold five homes for more than $50M combined on March 12. While it was a stellar 24 hours for the group, John Schwarzer, David Malouf, and Mitchell Wynn say the sales are the result of carefully crafted, bespoke marketing campaigns, top negotiation skills and a vibrant high-end market that’s performing well. More here.

Together with AI Powered Agents

Have you had so much to do that you’ve thought… “I wish I could just clone myself?” We can’t help you do that, but we can help give you an extra brain for creativity and a pair of hands to execute all your good ideas. Let us show you in one hour weekly how to power up your marketing with our unique SPEED blueprint.

If you missed our sellout virtual program in February, it’s time to get on the waitlist for the next round, which be announced soon!

Today’s Feature

Brendan Lappan on building a business from the ground up

Just 18 months into his real estate career, Brendan Lappan picked up and moved to a new area 45 minutes away. With no network, no market share and no listings, he set about building his business from the ground up. In today’s feature, the Ray White Macarthur Group associate partner shares with Ray White Head of Performance and Recognition, Bianca Denham, the blueprint for his success, from laying the foundations of a robust business to fine-tuning the mechanics of team dynamics and client commitment. More here.

Today’s Trivia

Based on recent news stories, it’s becoming increasingly difficult to tell what’s been generated by AI and what’s real. Today we’re looking at wardrobes

Brekky Browse

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

How low will vacancy rates go?
The national vacancy rate now sits at 1.07 per cent

Assessing climate threats
New tools map out property environmental risks

Is this the world’s worst home?
A council has taken legal action against the owner

How to analyse market reports in seconds
Get inside knowledge you can easily relay to your clients

Nuno Bettencourt’s ‘extreme’ sale
The rock guitarist has sold his LA home for US$3.7M

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

Anything else?

The switch cost

If you check out the job ads on the employment portals you’ll find many position descriptions calling for “excellent multi-taskers”. But, according to University of California Informatics Professor Gloria Mark, multi-tasking is a misnomer, and all you’re really doing is switching your attention between tasks rather than working on them simultaneously. Plus, Stanford Professor of Psychology, Anthony Wagner, says multi-tasking always comes with a “switch cost”, which means you will be slower and less accurate than had you focused on a single task. So, how can you make sure you kick off this week on the right foot and get stuff done? We’ve got some productivity tips for you here.