Redefining leadership at First National, Manly’s new price record, PM inspections that take 10 minutes, + news and more

Good Morning from Elite Agent

The property industry has largely welcomed the Federal Government’s $11.3B funding package for housing but say there’s still more that needs to be done to solve the housing crisis. Raine & Horne Executive Chairman, Angus Raine, has called on the Albanese Government to reassess annual caps on non-concessional superannuation contributions and balance transfer caps. There’s also calls for rent assistance to be pegged to market rentals rather than CPI, while the Retirement Living Council wants to see improved conditions to unlock more age-friendly housing supply. More here.

Today, we are also covering:

• Manly’s new price record

• David Edwards redefines leadership at First National

• PM inspections that take 10 minutes

• Why house prices won’t fall for 18 months

• And much more!

Let's get to work 🚀

Instant Inspo 💡

OVERCOMING ADVERSITY

Cultivate a growth mindset by viewing setbacks as opportunities to learn and improve. Overcoming adversity builds resilience and confidence in your abilities.

Go Deeper with Wayne Pearce OAM here.

On our radar

Manly’s new price record

A newly constructed luxury home at Fairy Bower, Manly, is believed to have set a new suburb price record after selling for about $35M. Designed by Madeleine Blanchfield Architects, the residence at 44 Bower St features five bedrooms, four bathrooms, and offers panoramic views from Shelly Beach to The Central Coast. The sale, facilitated by agents Michael Clarke and Cherie Humel, of Clarke & Humel, was completed just two weeks after listing and exceeds the previous price record by about $10M. More here.

Market Mastery with Mark Kentwell

Create your dream team

The third, and final, session in our Master the Market with Mark Kentwell series will kick off at 12.30pm AEST this Friday, May 17. The live session will teach you how to triple your business by hiring and retaining your dream team. The three-session series is for sales agents generating up to $750K in GCI, and will give you insights into building the inner workings of a successful EBU, including who to hire, what to pay them, and what to delegate. If you missed the first two sessions, don’t worry, because there are replays. You’ll find those, and how to register for Friday’s session, here.

Today’s Feature

David Edwards redefines leadership at First National*

David Edwards, the newly appointed CEO of First National Real Estate, says he is ready to bring a fresh approach to the table. In our exclusive interview with David he talks about how he will nurture a collaborative supportive, member-centric environment that will align with First National’s core values of community. More here.

Today’s Quiz

Spot the faux-pas: One of these monogrammed towels is the real deal, and the other is just a fabric-ation!

Brekky Browse

Meanwhile in Britain 🇬🇧

Sothebys unveils elite wealth division

Sotheby's International Realty UK has unveiled a new division, The Family Office, aimed at offering the world’s ultra-high-net-worth families comprehensive wealth and investment services, including exclusive access to luxury real assets like fine art and classic cars. Spearheaded by Marcus O'Brien, renowned for brokering the UK's priciest residential sale, the venture promises to be a unified gateway to Sotheby’s varied high-end services. George Azar, Chairman & CEO, highlighted that The Family Office will focus on generating enduring value for clients by facilitating the acquisition and management of rare luxury properties and assets globally. More here.

Anything else?

Autumn leaves

If you’re looking for a mini break to recharge, there are plenty of spots right now where the Autumn leaves are offering a vibrant display of red, burnt orange and yellow hues. The Guardian has highlighted five locations, from Queensland to Gippsland, where you can put your feet up and bask in the Autumn colours before winter sets in. Wentworth Falls, in the Blue Mountains, is on the list, as are Macedon (Vic), Toowoomba (Qld), Walhalla (Vic) and, if you want to get hyper local, Grant Crescent, in the ACT, has been dubbed Canberra’s prettiest street. Speaking of being hyper local, top coach Claudio Encina says hyperlocal market knowledge is something every agent needs to develop. More on that here.

Dates for your diary

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

May 17 Raine & Horne PM Conference, Bowral, NSW
May 27 AREC, Gold Coast, Qld
June 3 Harcourts PM Conference, Gold Coast, Qld
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