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- TRG expands to projects, Record property prices, Shane Kempton on ANZAC Day, +news and more
TRG expands to projects, Record property prices, Shane Kempton on ANZAC Day, +news and more
also…. The Block winners win again, Which state is our economic powerhouse?, Meta enters the AI battle
Elite Agent Editor
April 24, 2024
Good Morning from Elite Agent
Sydney’s median house price has risen above $1.6 million for the first time, according to the latest Domain House Price report. The report, which dropped this morning, showed that combined capital city house and unit prices had also hit another record, rising by up to 1 per cent in the March quarter. Capital city house prices have jumped 1 per cent to a median of $1.112 million, while capital city units rose 0.6 per cent to a median of $637,578. Domain Chief of Research and Economics, Dr Nicola Powell, says price growth has slowed down, but that could change if the RBA cuts the cash rate next month. More here.
Today, we are also covering:
TRG expands to projects
Shane Kempton on ANZAC Day
The Block winners win again
Why SA is Australia’s economic powerhouse
And much more!
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On our radar
TRG does projects
James Nixon has joined The Rubinstein Group, as the agency branches out into projects for the first time. TRG Projects is a specialised division of the group, established to create quality residential and commercial spaces. James says he will focus on finding and selling development sites and then marketing and selling the boutique apartment developments themselves. TRG Founder Gavin Rubinstein said now was the ideal time to branch into projects, as a way to further meet the housing needs of the group’s valued Eastern Suburbs clients. More here.
Today’s Feature
Honouring ANZAC Day: Drawing inspiration from gratitude
When dawn breaks on ANZAC Day tomorrow, Shane Kempton will recall the poignant words of his grandfather, who served in WWII. “Happiness is freedom and freedom is courage.” And in today’s feature, Shane reveals how you can allow the spirit of ANZAC to guide you in facing today’s challenges. He says embracing the same fortitude and determination as the ANZACS will help you honour their legacy in every action you take. More here.
Today’s Quiz
Is it real or just a façade? Guess which of these abstract art pieces is framed in reality and which is a brushstroke of AI genius.
 Image A |  Image B |
Which is the AI?Click or tap on the answer you think is correct, (and like magic the correct answer will be revealed!) |
Brekky Browse
The Block winners have won again |
Rents have risen $200 per week |
The economic powerhouse |
The battlelines have been drawn |
Mike Myers may not think this is ‘groovy’ |
Meanwhile in New Zealand 🇳🇿
The New Zealand Government, led by Prime Minister Christopher Luxon, has reinstated full interest deductibility for property investors, reversing changes made by Jacinda Ardern's administration. Under Ardern, the ability to claim interest on mortgages as a tax deduction was phased out for existing properties to discourage investment in residential properties and encourage new constructions.
However, the policy's impact on the housing market remains debatable, given interest rate fluctuations and COVID-19 impacted house prices at the same time. One of the main lessons Australia can take from Ardern’s decision and Luxon’s reversal is the need to balance the needs of investors and homebuyers alike. More here.
Anything else?
Ring ring, Gen Z is calling…
Despite never knowing a world without the internet, McKinsey's recent customer care survey found a whopping 71 per cent of Gen Z consumers still value phone conversations for customer service support - and they are 30-40 per cent more likely to call businesses than millennials and use the phone as often as baby boomers.
But here is the catch: Gen Z doesn’t necessarily prefer the phone over digital self service - they actually want the best of both worlds. Tomorrow’s customer requires you to bring your A-game: It's not just about having a fancy website or a slick chat bot – you need to make sure you're offering the total package of human interaction and cutting-edge digital tools. You can read more about the state of customer care in 2024 here.
Dates for your diary
Find Elite Agent Editor Samantha McLean speaking about real estate and AI at these upcoming events:
May 2 First National Conference, New Plymouth NZ
May 10 AI Powered Agents Subscriber Masterclass (Virtual)
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
Wishing you a productive day
Elite Agent are Samantha McLean, Mark Edwards, Kylie Dulhunty and Rowan Crosby. We aim to uplift the real estate industry by delivering forward-thinking, hype-free news and education that fosters knowledge and fuels ambition.
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