Reframe your negative thoughts, vacancy rates finally ticking higher, an agent’s video going viral, Moby’s LA home, +news and more.

Good Morning from Elite Agent

Even in unpredictable markets, opportunities abound. According to Harvard Business Review, to succeed in this new environment of constant, leaders will need to focus more on adaptability and resilience while also thinking deeply and predicting the future of their industry. More from HBR here.

On that note, Elite Retreat, which covers these topics for real estate industry, is now completely sold out for 2024. If you missed out this year and want to be the first to be offered a spot when we announce Elite Retreat 2025, join the early access WhatsApp list here.

Today we are covering:

• Good news for renters

• Reframing negative thoughts

• Cultivating new leaders

• Agent’s going viral

• Moby’s $15M LA home

Let's get to work 🚀

Instant Inspo 💡

DRIVE TRAFFIC PROACTIVELY

Understand the importance driving traffic to your open homes by actively seeking out potential clients rather than waiting for them to come to you. Proactive traffic generation can significantly improve your business's resilience and growth potential. Go Deeper with Mark McLeod here.

On our radar

Vacancy rates keep rising

There’s some positive signs for struggling tenants with national vacancy rates on the rise. Sydney and Melbourne have seen vacancy rates steadily increase, with the largest jump coming in Perth. However, it’s not all good news with the regional areas now having fewer available renters than the capital cities. More here.

Together with AREAs

Don’t miss out

The REA Excellence Awards close next week, so time is running out to get your submissions in.

These awards are designed to set realestate.com.au customers up for success, helping them win new listings and grow their business by placing a spotlight on the incredible work of individuals and teams across the industry. Enter now

Today’s Feature

Reframe your negative thoughts

Did you know we humans have approximately 6,200 thoughts per day, according to recent studies from Queen's University. Of these thoughts, it is estimated that around 80% are negative according to Psychology Today. This high percentage of negative thoughts underscores the importance of positive thinking and mental discipline to counterbalance this natural tendency. Shane Kempton has some ideas on how to attract more of what you want by reframing your thinking. More here.

Which games room is the real play and which one is just AI having fun and 'games'?

Brekky Browse

Meanwhile, in the USA 🇺🇸

Money laundering crackdown

The crackdown on purchasing real estate to launder money has now shifted to the US, with a new proposal aimed at boosting transparency. US regulators have put forward a new rule that targets the common practice of using all-cash transactions through trusts and secretive legal entities to anonymously purchase properties. If enacted, the rule will require real estate professionals to report high-risk transactions, revealing the true owners behind these deals. More here.

Anything else?

Donkey Kong and Mario come to life

On this day in 1981, Donkey Kong was released by Nintendo. The iconic arcade game went on to be a huge hit around the world and also featured the famous character Mario who made his debut as Jumpman. While arcade games might be a thing of the past, you can still use ‘gamification’ to help with your agency’s succession planning. Katrina Tarrant shows you how.

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