Matt Hall on performing under pressure, REA Group’s financial year results, Why buyers are being cautious, +news and more

Good Morning from Elite Agent

The games of the 33rd Olympiad, better known as Paris 2024, are over. That means our athletes will be taking a rest, recuperating and then looking to reinvent themselves. For some, that will be outside of sport, but others will set their sights on LA in 2028 and even Brisbane in 2032. But to stay in a gold medal position, our Aussie champs will need to reinvent themselves to become stronger, faster and better again. And one real estate agent who has done just that is Salt Property’s Lyndall Allen, who shares her successful reinvention strategies that have helped shape her career here.

Today we are covering:

• REA Group’s financial year results

• Matt Hall on performing under pressure

• ‘Sticky buyers’ are being cautious

• Why ex-partners stay shacked up

• And much more!

Let's get to work 🚀

Instant Inspo 💡

MORNING PRODUCTIVITY

Schedule critical tasks like accounts in the morning when you're at your best, and reserve afternoons for meetings and inspections. This approach maximises your efficiency during peak productivity hours.

Go Deeper with Hayley Mitchell here.

On our radar

REA Group reports positive financial results

REA Group has reported strong financial results for the 2023-2024 financial year, with revenue up 23 per cent and net profit climbing 24 per cent. The online listings company reported revenue of $1,453 million and an increase in EBITDA, excluding associates, of 27 per cent, to $825 million. REA GROUP CEO Owen Wilson said core Australian revenue was up 22 per cent, while in India, revenue climbed 31 per cent. More here.

Today’s Feature

Matt Hall: 10 lessons in precision, risk management and performing under pressure

Flying at breakneck speeds isn’t that different to navigating the high-stakes world of real estate, according to Red Bull Air Race world champion Matt Hall. In this episode of the Elevate podcast, hosted by Samantha McLean, Matt reveals how precision, risk management, and split-second decision-making can propel you to new heights. More here.

Brekky Browse

Meanwhile, in the US 🇺🇸

Wacksman takes the helm at Zillow

Rich Barton has stepped down as CEO of Zillow Group, passing the role to Chief Operating Officer Jeremy Wacksman, effective immediately. Barton, who co-founded the company and returned as CEO in 2019, praised Wacksman's leadership, particularly over the past three years, citing his significant contributions to the company's growth and innovation. Wacksman, who joined Zillow in 2009 and has steadily risen through the ranks, expressed his commitment to leading the company into its next phase, focusing on delivering a seamless real estate transaction experience.

Anything else?

Holiday houses hit The Block

There is one good thing about the Olympics finishing, and it’s that The Block will return to the small screen from 7.30pm tonight. Dubbed Block Island, the 20th season of the reno show will take place on Victoria’s Phillip Island. For the first time, the contestants will build holiday homes, when they renovate a former holiday resort in Cowes. This year the contestants include an engaged couple from WA, newlyweds from SA, Best mates from Victoria, a married couple from NSW and married parents from Queensland. And yes, WHITEFOX CEO Marty Fox is back as one of the judges, along with Shayna Blaze and Darren Palmer. And if you want to discover the marketing strategies used to sell the homes created on The Block, Domain’s Alice Stolz reveals all here.

Dates for your diary

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

August 11-14 Elite Retreat, Hayman Island, Qld
August 25 PPM Conference, Gold Coast, Qld