NSW no grounds evictions, Dealing with rejection, Housing affordability improves, +News and more

Good Morning from Elite Agent

The advent of generative AI has only added to the rapid pace of disruption in the world today and it’s changing the way jobs are done and redefining the role of workers. A McKinsey study suggests that AI can help businesses by boosting productivity and freeing up employees to focus on higher-level work like judgement, innovation, creativity, and collaboration. However, improper management of AI adoption can lead to increased burnout, highlighting the need for balanced implementation. More here.

Today, we are also covering:

• NSW no ground eviction submissions

• Dealing with rejection

• Improving housing affordability

• Slight relief for WA renters

• Kareem Abdul-Jabbar's former estate

Let's get to work 🚀

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On our radar

NSW no grounds evictions bill calls for submissions

The deadline for submissions into NSW no grounds eviction laws is approaching, with concerns landlords' rights are going to be hurt. The Rental Specialists Managing Director and Principal, Jo Natoli, says landlords could end up with a “tenant for life” under the changes and renters will find it tougher to get into a property. However, renters do need some degree of certainty given the stress that comes with being evicted. More here.

Today’s Feature

7 strategies for dealing with rejection in commercial real estate

When you hear, "We've decided to go with someone else," it can sting. But while rejection is tough, CRE Success’ Darren Krakowiak says it’s not the end. In today’s feature, Darren reveals seven strategies you can use to turn each rejection into a stepping stone to greater success, including why it’s critical to take responsibility, not offence when you miss out on a deal. More here.

Brekky Browse

Meanwhile in Sweeden 🇸🇪

Buy your own Swedish island

Foreign buyers are starting to target Sweden’s secluded island sanctuaries. With 267,000 islands — ranging from tiny, uninhabited rocky outcrops to the largest island, Gotland, which spans more than 3000sq km and has around 60,000 inhabitants — there are plenty of places to find a secluded paradise. With the króna losing 20 per cent of its value against the euro and dollar since late 2021 and house prices falling, foreign investors are more interested than ever in finding their own island. More here.

Anything else?

ET phone home

On this day in 1982, Steven Spielberg's blockbuster E.T.: The Extra-Terrestrial was released in theatres. The film is widely recognised as one of the classics of American cinema. The movie is about a short brown extra-terrestrial that was accidentally left on Earth by his botanist colleagues. If you like aliens, then why not check out the UFO house in Sydney.

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