Median house prices rise again, Shane Kempton on toxic positivity, Queensland Budget a ‘mixed bag’, +news and more

Good Morning from Elite Agent

Just last week we told you that 93 per cent of real estate agency owners expect their revenue to grow over the next year, according to a NAB insights survey. But what do Elite Agent readers predict? We asked them in our weekly, snap Movers+Shakers poll and, good news, the figures were very similar. About 45 per cent of respondents expect to record “significant” revenue growth compared to 2023, while 42 per cent anticipate “marginally higher” results. Just 13 per cent of agency owners expect revenue “about the same” as last year and no one reported this year being slower than 2023. #winning!

Sign up to get all of real estate’s deal-makers, rule-breakers and career-changers directly to your inbox every Sunday, with Movers+Shakers, here.

Today, we are also covering:

• Median house prices rise again

• Shane Kempton on toxic positivity

• A landlord-tenant drug bust-up

• Queensland Budget a mixed bag

• And much more!

Let's get to work 🚀

Instant Inspo 💡

HUMAN TO HUMAN

Genuinely care for your team members. If you sense something is amiss, have a face-to-face conversation to offer support and maintain open communication.

Go Deeper with Matt Lahood here.

On our radar

Going up, up, up

The national median house price continues to rise, climbing 7.6 per cent in the past 12 months. According to the latest REIA Market Facts report, the median national house price is now $1.026M. Rents also continue to rise, with the weekly cost of a three-bedroom house up 12.2 per cent in the year to March. More here.

Together with Elite Retreat

Elite Retreat Speaker Spotlight: Paul McGee

From a challenging start of losing his job due to ill health at 24, Paul McGee has built an influential career that spans over 40 countries and involves nearly half a million books sold globally. At Elite Retreat '24, Paul will share transformative strategies from his journey, including a simple life-changing formula, the power of a positive mental diet on daily performance, and how a beachball revolutionised his relationships. Discover the resilience behind his entrepreneurial success and how you can apply 'the genius of grit' to your own ventures.

One more thing - for those of you that know Paul, the UK superstar is celebrating a milestone birthday this year at Elite Retreat. Will there be a celebration? Yes there will be (and it’s all included in the ticket price!)! Don’t miss the chance to learn from Paul - and wish him a happy birthday —secure your spot at Elite Retreat ‘24 by clicking here.

Today’s Feature

Toxic positivity: When looking on the bright side of life isn’t so bright

When is positivity not positive? When it’s toxic positivity. According to Shane Kempton, toxic positivity occurs in moments when you, albeit well meaning, dismiss others sadness or anger with comments such as, “Just think positive”, or “Everything happens for a reason”. In today’s feature, the first in a two-part series, Shane explains more about what toxic positivity is, how it manifests and why it is so harmful. More here.

Brekky Browse

Meanwhile in Germany 🇩🇪

Major bank cuts interest rates

European Central Bank President Christine Lagarde has stressed that interest rates are not on a straightforward downward trajectory, and the bank may pause cuts between meetings. Despite last week's rate cut of 25 basis points, down from a record high to 3.75 per cent, the ECB did not commit to further easing due to persistent wage growth and rising inflation projections. Lagarde emphasised that future cuts will depend on upcoming data on wages, corporate profits, and productivity, with policymakers remaining cautious about making definitive statements amidst economic uncertainties. More here.

Anything else?

Better late than never

Fifty years after a tornado warning abruptly cancelled their high school graduation, the class of 1974 from Moore, Oklahoma, have finally received their diplomas. This week, about 200 graduates wore blue caps and gowns, celebrating their long-awaited moment under sunny skies. Family members of deceased classmates walked on their behalf, and the class president and valedictorians delivered speeches they had prepared half a century ago. More here.

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