What inflation means for rates, Sporting sanctuaries hit the market, Does tenancy reform spook investors? +news and more

Good Morning from Elite Agent

It’s not too late to join our AI Masterclass: Smart steps, BIG wins, but you better make it snappy because it kicks off at 9am today (AEST). And did we mention it’s FREE! The masterclass is perfect for forward-thinking real estate professionals and leaders who are curious about AI but unsure where to start. And if you’re already using AI, but ready to work on a plan to get more of the team onboard, this is also for you! As well as teaching you how to be more productive without sacrificing quality, you will learn how to use AI to amplify the four universal currencies of real estate and walk away with a 12-step roadmap for safe and effective AI integration in your business. You can register here.

Today we are covering:

• What inflation means for rates

• Sporting sanctuaries hit the market

• Does tenancy reform spook investors?

• Barry Plant embraces a CRM-first culture*

• And much more!

Let's get to work 🚀

Instant Inspo 💡

EMPHASISE EMPATHY

Differentiate between empathy and sympathy when dealing with clients. Understand their situations and provide realistic advice without letting emotions cloud judgement.

Go Deeper with Luke Evans here.

On our radar

Inflation rises again

According to the latest ABS data released yesterday, inflation has risen again, climbing 1 percent in the June quarter and 3.8 percent annually. Now, the big question is, will the RBA lift the cash rate next week? REIA President Leanne Pilkington says borrowers will need to be patient in waiting for a fall in interest rates, but they can be “reasonably sure” the RBA won't increase rates next week.

Sporting sanctuaries

As the Paris 2024 Olympics captivate the world, luxury real estate across the country is reaching for gold, with properties brimming with ‘champion’ features. From basketball courts to soccer fields, clay tennis courts and incredible equestrian facilities, we’ve found several homes that are sure to come out on top of the property podium.

Together with Rik Rushton

Unlock your speaking superpower

Are you looking to enhance your confidence and public speaking skills? Would you like to communicate with clarity, deliver impactful messages effectively and take your career to new heights? Then Rik Rushton’s ‘Powerspeaking’ course is for you. The one-day, immersive course will reveal Rik’s tried and true strategies, built over 30 years of professional speaking, to fast track your business, career and leadership influence.

The Powerspeaking program will teach you how to discover your unique voice and style while managing emotions, engage your audience using effective storytelling techniques and create influence through physical presence and effective physiology. Powerspeaking will be held on Thursday, September 12 at the Mercure Hotel in Doncaster, Victoria. For more information and the Elite Agent price, email Rik at [email protected]

Today’s Feature

Eliza Owen: Does tenancy reform spook investors?

New South Wales' proposed ban on 'no grounds' evictions has sparked debate about its impact on the rental market. Will the reforms drive landlords away and deter new investors, or is it broader economic factors, such as population growth, capital growth and interest rates that have a greater impact? CoreLogic Head of Research Australia, Eliza Owen, examines the real drivers behind investor activity and rental prices

One of these ceilings is metal-liciously real, while the other is a pixel-perfect phoney. Can you guess which?

Brekky Browse

Meanwhile, in the New Zealand 🇳🇿

New Zealand property investors have made about $511 billion since 1991, according to economist Ed McKnight of Opes Partners. Using Reserve Bank data and Stats NZ's homeownership rates, Ed found that residential property value increased by $1.5 trillion over 30 years, with investors benefiting from about a third. This growth mirrors Australia's market but surpasses the UK and USA. ANZ economist Miles Workman noted the popularity of property investment due to its simplicity and leverage potential, while cautioning about future affordability and potential policy changes like a capital gains tax.

Anything else?

‘With great power comes great responsibility’

Spider-Man Day, celebrated annually on August 1, honours Marvel Comics' iconic superhero created by Stan Lee and Steve Ditko in 1962. Fans engage in movie marathons, trade rare comics, and host themed events. Spider-Man first appeared in "Amazing Fantasy" #15 and quickly became a cultural icon, inspiring many with the motto "with great power comes great responsibility." Over the years, Spider-Man has been featured in multiple comic series, films, and television shows, solidifying his status as a beloved character worldwide.

Dates for your diary

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

July 30-Aug 1 Proptech Summit + Workshop, Sydney
August 11-14 Elite Retreat, Hayman Island, Qld
August 25 PPM Conference, Gold Coast, Qld