Inside our multi-speed market, Flyhomes enters the portal wars, What population growth means for housing, + news and more

Good Morning from Elite Agent

Australia’s population grew 2.5 per cent in 2023 to hit 26.97 million people, according to the latest figures from the ABS. Western Australia had the fastest growing population, up 3.3 per cent, or 93,800 people, from 2022, followed by Victoria, which grew 2.8 per cent and Queensland, which grew 2.6 per cent. ABS Head of Demography Beidar Cho also revealed that net overseas migration drove 84 per cent of this population growth, while natural increase accounted for the other 16 per cent. Discover the implications for the housing market here.

Today, we are also covering:

• Inside our multi-speed market

• Tom Ellis on PropTech breakthroughs

• PMs wellbeing crucial to success

• Flyhomes signals a new kind of home search

• And much more!

Let's get to work 🚀

Instant Inspo 💡

BE CREATIVE

Embrace creativity in your property videos. Draw inspiration from movies, characters and popular culture to capture attention. Just be you and have fun with it.

Go Deeper with Christian Gravias here.

On our radar

Inside our multi-speed market

Property price growth across Brisbane, Perth and Adelaide could be on the verge of slowing down on the back of weakening economic conditions, affordability constraints and ongoing high interest rates. According to CoreLogic’s Eliza Owen, a cool down would draw those cities closer to the likes of Melbourne and Hobart, where capital growth has been much more subdued. In this special report, Eliza takes us through what led to the multi-speed market and what’s on the horizon. More here.

Together with Elite Retreat

Elite Retreat Speaker Spotlight: Simon Kuestenmacher

If you're aiming to make genius moves ahead of your competition in FY25 and beyond, you can't afford to miss Simon Kuestenmacher's insights at Elite Retreat ‘24. As the co-founder of The Demographics Group working alongside Bernard Salt, Simon masterfully converts demographic data into clear, actionable insights. Simon’s academic background in Berlin and Melbourne, combined with his strategic acumen developed at KPMG, has deeply informed his understanding of demographic trends and their profound implications on society - and your business.

Simon's presentations mix sharp insights with relatable anecdotes, making the complex world of demographics both accessible and compelling. At Elite Retreat ‘24, he will dissect demographic data to uncover the evolving trends that will shape our future. This session is more than just a presentation—it's a chance to engage with the numbers that will matter to your business in the next 12 months. Make a genius move by registering here.

Today’s Feature

Proptech breakthroughs: Tom Ellis on empowering innovators, the surge in mergers and redefining the real estate experience

Tom Ellis's PropTech journey is more than tech—it's about empowering innovators, growing startups, and leading the industry's evolution. In this episode of the Elevate podcast, hosted by Samantha McLean, Tom dives into his mentoring role at REACH, shares insights on breakthrough innovators, and reveals secrets to startup survival in tough markets. More here.

Brekky Browse

Meanwhile in China 🇨🇳

Will Hong Kong bounce back?

Hong Kong’s property market is facing its deepest slump in decades, erasing at least HK$2.1 trillion in value since 2019, with home prices nearing a five-year decline. This downturn, driven by rising interest rates, job losses, and geopolitical tensions, has led to a crisis of confidence in the city’s status as a premier financial hub. Despite government efforts to revive the market, analysts predict further declines, with many residents, like accountant Lilian Liu, considering selling at a loss due to the ongoing financial and mental strain. More here.

Anything else?

Whiskers in the workplace

Today is National Take Your Cat to Work Day, which is the purr-fect excuse to bring some feline flair to the office. Imagine the boardroom, now a playground for curious whiskers and tail flicks. While productivity might take a cat nap, the boost in morale and creativity is worth every playful paw. Just remember, the real boss might be the one sitting on your keyboard!

Dates for your diary

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

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