Top takeaways from AREC24, Mathew Tiller on solving the housing crisis, Victoria’s landlord exodus, +news and more

Good Morning from Elite Agent

The 26th Australian Real Estate Conference (AREC24) kicked off yesterday, with almost 5000 real estate professionals packing the Gold Coast Conference and Exhibition centre for a day filled with inspiring takeaways. The two Ryans - Ryan Reynolds and Ryan Serhant - were the headline speakers, with each delivering insights to help agents build their businesses and their brands. McGrath Terrigal’s Mat Steinwede gave a heartfelt presentation where he reflected on the loss of his son Logan, while Place Bulimba’s Meagan Muir revealed why first impressions really do count. You’ll find all of our Day 1 highlights here.

Today, we are also covering:

• Victoria’s landlord exodus

• Mathew Tiller on solving the housing crisis

• Vendor confidence is back

• Canberra’s surprise international ranking

• And much more!

Let's get to work 🚀

Instant Inspo 💡

PAST EXPERIENCES

When interviewing potential hires, ask about their personal lives and background to gauge their resilience and desire to succeed. Past experiences can reveal more than rehearsed answers about future goals.

Go Deeper with Matt Lahood here.

On our radar

Victoria’s landlord exodus

Melbourne is staring down the barrel of losing 5000 properties from the rental pool. According to MCG Quantity Surveyors, a lack of new investors and landlords selling, will likely put more pressure on rental markets in the next 12 months. Not all states are fairing as badly, with some expected to see a sharp increase. Discover which cities fall in which basket here.

AI Powered Agents Self Paced Course

Level up right now!

Samantha McLean’s hugely popular AI Powered Agent’s course is now available as a self-paced course you can start at any time - even now! The course has all of the updated content from the traditional six-week course, only this time you can move as fast or as leisurely through it as you like. In it, you’ll learn stress-free, AI-driven processes to help you keep your pipeline full and your operations running smoothly. It really will be like you have an ‘extra brain’ and an ‘extra pair of hands’. Find out more and register here.

Cracking the code: Mathew Tiller on breaking down the Budget and solving the housing crisis

If you missed the Elevate podcast, grab a cuppa and settle in today because Elite Agent Editor Kylie Dulhunty takes a deep dive into the aftermath of the Federal Budget and the housing crisis, with LJ Hooker Head of Research, Mathew Tiller. In this episode, Mathew explains how and why the housing crisis has become so bad, whether the Budget is enough to fix it and poses three innovative solutions of his own, including a Defence Housing Australia-style model to boost rental supply. More here.

Today’s Quiz

You’re so vain…Can you tell which vanity is the real deal and which one is just fishing for compliments?

Brekky Browse

Meanwhile in New Zealand 🇳🇿

Elite luxury meets legal roadblock

A luxury home in New Zealand, ideal for the global elite, remains unsold due to the country's strict foreign property ownership laws. The 40-hectare estate, nestled in the scenic foothills of The Remarkables, has attracted significant interest from international buyers but is restricted to New Zealand citizens and tax residents. Despite economic pressures and potential policy changes, the ban, initially imposed to protect local housing markets, continues to thwart sales, leaving high-end properties like this one languishing on the market. More here.

Anything else?

Views you can use

Have you got a view about issues impacting the property management industry? Then MRI Software wants to hear them. The PropTech will publish the third edition of its Voice of the Property Manager’ report series later this year in Australia and New Zealand. This edition will offer measure continuity and change on past topics as well as emerging trends and issues such as work-life balance and views on a four-day work week, career pathways for PMs, digitisation and AI implications and the multi-generational impact on the modern workforce. Share your views in an 8-10 minute survey, by 5pm AEST or 7pm NZST on June 20, 2024, here.

Dates for your diary

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

May 27 AREC, Gold Coast, Qld
June 3 Harcourts HX 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