Property price records forecast, REA Group fully acquires Realtair, Olivia Newton-John’s ranch for sale, +news and more

Good Morning from Elite Agent

We recently brought you the news that Aussies and Kiwis are thriving in life, but 48 per cent feel stressed a lot at work. We know real estate can be a taxing profession too, so we used our Movers + Shakers snap poll to ask how you’re feeling at work. We’re delighted to report no one answered ‘very stressed’. And while just 7 per cent of Elite Agent readers said they were ‘totally thriving’, the majority of you (71 per cent) said you were ‘good, but could improve’. Some of you are feeling ‘under pressure’ though, with 22 per cent of respondents selecting this answer. And if you are in need of a little workplace boost, Adrian Knowles shares 9 principles to help you thrive in real estate’s ups and downs, here.

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 covering:

• Property price records forecast

• The power of open homes

• REA Group fully acquires Realtair

• Olivia Newton-John’s ranch for sale

• And much more!

Let's get to work 🚀

Instant Inspo 💡

UNDERSTAND MARKET DYNAMICS

Recognise the changing nature of the real estate market. Stay updated with trends and use this knowledge to guide clients effectively, ensuring they make informed decisions.

Go Deeper with Luke Evans here.

On our radar

Record prices forecast 

Property prices are forecast to rise further in the 2025 financial year, with house and unit prices tipped to hit new records in four capital cities. According to new data from Domain, national house prices are forecast to jump between 3 per cent and 6 per cent, while units are expected to rise between 2 per cent and 4 per cent. The FY25 Price Forecast Report also reveals Sydney’s house price is expected to soon double that of Perth. Find out what’s fuelling the increases here.

Together with Elite Retreat

Elite Retreat Speaker Spotlight: Steve Carroll

There are plenty of genius moves on the cricket field when it comes to the traditional rivalry between Australia and England for the Ashes. But there is also plenty we can learn from each other as well.

Right now, our Elite Retreat Chief Engagement Officer is in the UK, meeting with some of the best real estate leaders and agents and some pretty smart thinkers from companies like KPMG, Bank of England and News UK. (He tells us he’s also met Daniel Daggers - aka Mr Super Prime - but we’ll leave that story for another day…!!)

Join us at Elite Retreat for some of the biggest genius moves - click here to register.

Today’s Feature

The ultimate agent: Peter Kiritsis on the power of open homes

If you’re looking to door-knocking or letterbox drops to generate leads, you might be searching in the wrong place. Ray White Woodville Principal Peter Kiritsis has been a Ray White Chairman’s Elite performer for 21 years, and he puts much of his success down to his ability to generate business through open homes. In today’s feature, Peter talks to Ray White Head of Performance and Recognition, Bianca Denham, about how to build your database and run a high-volume business, and it comes down to building real-life connections with people. More here.

Brekky Browse

Meanwhile… around the world 🌎

You can knock, but no one’s home

Australia might be in the grip of a housing crisis, but dotted around the world stand many modern ghost towns - cities or communities filled with empty homes. Born from big ambitions, the lifeless landmarks stand empty due to misfortune, misjudgement or both. Ghost towns include the cookie-cutter villas of Forest City in Malaysia, the towering homes of McMansion Ghost Town in Missouri and the empty state guest mansions in Shenyang, China. More here.

Anything else?

‘Get out of the water’

On this day in 1975, Steven Spielberg’s shark thriller Jaws was released in theatres. The film stars Roy Scheider as police chief Martin Brody, who, with the help of a marine biologist and a professional shark hunter, hunts a man-eating great white shark that attacks beachgoers at a summer resort town. With a production budget of $9M, the film went on to take more than $476M at the box office and winning three Oscars. It was nominated for Best Picture but lost to One Flew Over The Cuckoos Nest.

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