Listings surge in Melbourne and Sydney, Leadership lessons from Married at First Sight, Zillow reports a large loss

“They said it”

Good Morning from Elite Agent

A surge of new listings have flooded onto the market in Sydney and Melbourne, marking the most active start to the year in more than a decade. According to the latest PropTrack Listings Report, new listings jumped 27.8 per cent in Melbourne last month, making it the busiest January since 2008. It was a similar story in Sydney, where listings rose 27.7 per cent, year-on-year, making it the most active January since 2011. However, it’s a bit of a different story when you consider all listings. Find out why here.

Today, we’re covering:

• Leadership lessons from MAFS

• Housing crunch hits Kiwis hard

• Commercial properties ready for selling frenzy

• And much more!

Let's get to work 🚀

On our radar

Zillow isn’t making zillions

A fourth quarter surge in revenue hasn’t stopped US listings platform Zillow from posting a calendar year loss of US$158 million in 2023. According to the group’s consolidated financial results, fourth quarter revenue climbed 9 per cent year-on-year, but was still 1 per cent down for the calendar year at $1.9B. Despite the favourable revenue bump in the last quarter, the group still sustained a $73 million net loss for the final three months of the year, with that figure increasing to $158 million for the calendar year. More here.

Together with Elite Retreat and Kolmeo

What's the difference between an average year and a really great year, or even a pivotal year in your business? Usually, it's not a dozen or more things - often, it is just one or two genius moves. And that is our theme for Elite Retreat this year, which will be held at the stunning Intercontinental Hayman Island resort.

Our speakers and invited guests will reveal their genius moves, from leadership to marketing, financial moves and also the moves they wish they had made but missed! Early Bird is only up until we announce our speaker lineup on 1 March - make your genius move by putting 11-14 August in your diary and securing your registration here.

Today’s Feature

Katrina Tarrant: Leadership lessons from Married at First Sight

Is watching Married at First Sight a guilty secret you don’t like to admit publicly? Well, according to Harcourts NSW CEO Katrina Tarrant, it doesn’t have to be. In today’s feature, Katrina explores how the reality TV’s rollercoaster of emotions can school real estate leaders in authenticity, client focus, and teamwork. More here.

Brekky Browse

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

Housing crunch hits Kiwis hard
Mortgage stress persists despite slight improvements

Commercial properties set for an auction frenzy
Two major networks will auction more than 40 properties

Retail reigns supreme in commercial sales
It has outpaced the industrial and office sectors

The power of asking the right questions
How to write a compelling pitch for buyer to attend an open

Don’t stop him now!
Queen drummer Roger Taylor lists his LA home

Put The Brief in your ears
with thanks to Rex Software

Anything else?

From phonographs to playlists

Speaking of Queen, and music, do you love to pop on a bit of We Are the Champions after a great auction result? (We know you do!) But you wouldn’t be able to do that if it were not for Thomas Edison receiving a patent for the cylinder phonograph on this day back in 1878. Of course this eventually lead to gramophones, records and various evolutions in the way we record and listen to music. Today, most folks download and stream music from various providers like Spotify, but vintage vinyl records are making a comeback, with sales jumping 20 per cent in the US in 2022. Now, excuse us while we go and dig out our record collection!