Positive ratings for agents, "Call-lympics" achieves 1800 appraisals, Home loan size on the rise, +news and more

Good Morning from Elite Agent

Three-quarters of buyers and sellers involved in a property transaction in the past year have rated their experience directly with real estate agents as either “excellent” or “above average”, according to a new national survey. The InfoTrack of Real Estate Report also found 50 per cent of respondents indicated there was no improvements needed. REIA President Leanne Pilkington said it was great to see so many people having positive real estate transactions.

Today we are covering:

• Home loan size on the rise

• "Call-lympics" achieves 1800 appraisals

• How to use tech to boost your PM business

• Auctioneering leads to work-life balance

• And much more!

Let's get to work 🚀

Instant Inspo 💡

BUILD A COMPREHENSIVE ECOSYSTEM

A successful agency depends on a well-rounded ecosystem, including social media, print advertising, effective follow-ups, and professional conduct at inspections. Integrate these elements cohesively to strengthen your business operations.

Go Deeper with Mark McLeod here.

On our radar

Home loan size on the rise

All eyes will be on the RBA today when it decides whether to raise interest rates or not, with new owner-occupiers likely among the most eager for a hold. That could be because the average new owner-occupier mortgage has reached a record high of $636,597, marking an increase of $154 per day over the past year. Discover which states have had the biggest surge in owner-occupier loan size here.

Today’s Feature

Next Gen PM: how to use tech to decrease overheads, improve productivity and boost your brand

The future of property management isn't just about keeping up with the latest tech trends; it's about embracing them to stay ahead of the game. That’s the view of top PM coach, Jo-Anne Oliveri, who says tech innovations have the power to reduce costs, boost productivity, and enhance client satisfaction in your business. More here.

Brekky Browse

Meanwhile, in Britain 🇬🇧

Rate cut: A change of interest in the UK

The Bank of England cut interest rates last week for the first time since the pandemic began, lowering the benchmark rate from 5.25 per cent to 5 per cent, in a bid to ease pressure on households facing the highest borrowing costs in 16 years. The decision, made by a narrow margin within the monetary policy committee, follows a series of rate hikes that marked the longest consecutive increases in over a century, amidst inflation slowing to the bank's 2 per cent target in June for the first time in nearly three years. While the rate cut is expected to boost the housing market and lower mortgage costs, the Bank cautioned that monetary policy must remain restrictive to ensure inflationary risks are fully addressed. Will our RBA follow suit today?

Anything else?

From zero to WWW hero

On August 6, 1991, British computer scientist Tim Berners-Lee launched the first website at CERN, marking the birth of the World Wide Web. The site provided information about the World Wide Web Project, including instructions on creating web pages and understanding hypertext. Although the original site was not archived, CERN launched a project in 2013 to restore it, highlighting the immense growth from a single page to nearly 1.9 billion websites today.

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