Josh Tesolin back in yellow, $11.3B for housing, Mathew Tiller’s Budget wish list, Solving the PM talent pain point, + news and more

Good Morning from Elite Agent

The Federal Government announced some big housing news over the weekend, unveiling an $11.3B commitment to accelerate housing construction and address homelessness across Australia. Full details will be revealed in tomorrow’s Budget but we do know the funding includes a new $9.3 billion, five-year National Agreement for states and territories to combat homelessness, provide crisis support and build and repair social housing. More here.

Today, we are also covering:

• Mathew Tiller’s Budget wish list

• Solving the PM talent pain point

• Josh Tesolin renews with Ray White

• Zillow Gone Wild on TV

• And much more!

Let's get to work 🚀

Instant Inspo 💡

SOLVE THE PROBLEM

When adopting new technology, focus on the business problem you're trying to solve, not just the latest trends. Automate admin tasks, but keep the human touch for high-value interactions.

Go Deeper with Josh Callaghan here.

On our radar

Let retirees ‘right-size’ to boost supply

Speaking of the Budget, the LJ Hooker Group has dropped its wish list, calling on the Australian Government to make it easier for older Aussies to ‘right size’. Head of Research Mathew Tiller has come up with a series of proposals to help tackle the housing crisis, including encouraging retirees to downsize, a Defence Housing Australia (DHA)-style housing scheme and incentives for homeowners to build granny flats on their properties. More here.

Market Mastery with Mark Kentwell

Create your dream team

The third, and final, session in our Market Mastery with Mark Kentwell series will kick off at 12.30pm AEST this Friday, May 17. The live session will teach you how to triple your business by hiring and retaining your dream team. The three-session series is 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

How to help your property management department flex

Finding and retaining top talent is one of property management’s biggest pain points. But it doesn’t have to be. In today’s feature, Real+ consultant, Samantha Xeri, reveals how you can foster a satisfying work environment, tap unconventional talent pools and reshape traditional roles to build your business. More here.

Today’s Quiz

Verandah views: Can you tell which one is built and which is brewed in bytes?

Brekky Browse

Meanwhile in Singapore 🇸🇬

Singapore’s luxury market takes a hit

Luxury home sales in Singapore have plummeted 50 per cent in the first quarter of 2024, with only 66 transactions recorded, compared to 128 in the same period last year. The sharp decline is linked to the government's cooling measures introduced in April 2023, which saw the additional buyer’s stamp duty for foreign purchasers soar from 30 per cent to 60 per cent. Singaporeans now represent the majority of luxury home transactions, as increased local demand influences market dynamics and pricing strategies. More here.

Anything else?

I feel the need …. the need for speed!

If you’re a Tom Cruise fan then rejoice - today is officially Top Gun Day. Celebrated annually on May 13, Top Gun Day pays homage to the iconic 1986 film. Fans of the movie mark the occasion by donning aviator sunglasses and bomber jackets, and hosting movie marathons or themed parties. But, if you want to rewatch the hit flick with a serious agenda, then Elite Agent Managing Editor, Samantha McLean, says there’s plenty of career lessons you can learn from Maverick, Goose, Iceman and the gang, including how they make life or death decisions in an instant. More 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