Vacancy rate drops to a record low, Avi Khan on why there’s no silver bullet for success, Christian Chaplin joins The Agency, +news and more

“They said it”

Good Morning from Elite Agent

The national vacancy rate has dropped to a record low of 0.7 per cent, down from January’s record low of 0.8 per cent. According to the Domain Rent Report, Perth and Adelaide have the tightest markets, with a vacancy rate of just 0.3 per cent. Meanwhile, Darwin has the least competition, with a vacancy rate of 1.3 per cent. But, there could be green shoots starting to appear in the rental market, and Domain Chief of Research and Economics, Dr Nicola Powell, explains why here.

Today, we’re covering:

• REIV calls for land tax concession

• Avi Khan on why there’s no silver bullet for success

• Christian Chaplin joins The Agency

• Is Elton John moving to Sydney?

• And much more!

Let's get to work 🚀

On our radar

Tax shift for housing lift

The REIV has called on the State Government to review its property taxes to help incentivise investors to stay in the rental market. One way to do this could be through a land tax concession for investors who keep their properties in the rental pool long-term. Discover the two other proposals the REIV has put forward in its State Budget submission here.

Together with Ready24

REA Group’s exclusive customer event, Ready24, is just one week away.

Come Tuesday, March 12, Sydney’s Royal Randwick will come alive with an array of global speakers, including former number one tennis champion Andre Agassi, as the group looks to invest in the growth of the Australian real estate industry and donate 100 per cent of ticket proceeds to homelessness organisations. More here.

Today’s Feature

Avi Khan: Why grit outshines gimmicks every time

In the competitive real estate profession, the pursuit of quick solutions can often distract from the real key to success. This is the perspective of Ray White AKG Group CEO Avi Khan. In today's feature, he explores the relationship between hard work, technology, and success. According to Avi, lasting success does not come from digital shortcuts, but from relentless hard work, strong client relationships, and unwavering dedication. Read more here.

Brekky Browse

People are talking about these. Read up; join in!

Christian Chaplin joins The Agency*
His appointment adds to the group’s Queensland expansion

Perth units sell 13 days faster than a year ago
The tight market means units area selling almost as fast as houses

Goodbye Yellow Brick Road, hello Sydney Harbour
Could British superstar singer Elton John be moving to Australia?

Reignite a cold conversation
Six scripts to help you say the right thing

Ellen DeGeneres sells her estate
But it took a big price cut to seal the deal

Put The Brief in your ears
with thanks to AI Powered Agents

Anything else?

World’s oldest dog

A cattle dog called Bluey, from the Victorian town of Rochester, has had his Guinness World Record as the world’s oldest dog returned. Bluey, who died in 1939 at the age of 29, held the record until February 2023, when a purebred Rafeiro do Alentejo from Conqueiros in Portugal named Bobi took the title, after surviving for a record 31 years and 165 days. But, after suspicions were raised about Bobi's credentials and his age could not be 100 per cent verified, the title has been returned to Bluey. And someone who knows a thing or two about teaching all dogs new tricks is Tony Rowe, who shares his tips on learning, growing and improving performance here.