When will a rate cut come?, Overcome toxic positivity, Ray White partners with Brisbane Lions, + news and more

Good Morning from Elite Agent

Are you a PM looking to have more meaningful conversations with your clients about their investments? What about potential landlords who need a property manager that’s more like an investment advisor? Well, Lunch & Learn: PM Investment Day has you covered. The one-day event, from 10am until 2.30pm on June 25, at Kew Golf Club, will provide valuable insights for PMs, directors and BDMs on property investment, taxation, and management strategies.

Hosted by Mitchell PT, Managing Director Hayley Mitchell says the idea behind the training event is two-fold. “We want to empower Property Manager’s with more knowledge in all aspects of property investment so they can have more meaningful conversations with their clients as well as to give PM’s more confidence to look at investing to create their own wealth for the future,” she says. Bookings close at 5pm on Friday, June 21. More info and book here.

Today, we are also covering:

• Today’s cash rate decision

• Overcome toxic positivity

• New leaders at R&W Crows Nest

• Ray White partners with the Brisbane Lions

• And much more!

Let's get to work 🚀

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On our radar

When will the cut come?

Economic and property experts have unanimously tipped the RBA will keep the cash rate on hold at today’s meeting, but almost one-in-five now say a rate cut won’t come before mid next year. Finder’s latest RBA Cash Rate Survey showed 18 per cent of experts think a rate cut is off the cards until July 2025, while 38 per cent tipped early next year and 44 per cent remain confident of a cut before the end of 2024. More here.

Together with Elite Retreat

Elite Retreat Speaker Spotlight: Cara Atchison and George Mladenov

If you're a fan of Survivor, you'll note that there are many similarities between the show and real estate, particularly in terms of the interactions among participants. In Survivor, you need to excel at strategic planning, be adaptable, have strong networking skills, and be willing to take calculated risks. It's also important to be skilled at negotiating and adept at resource management.

This is why when real estate agent Cara Atchison teamed up with “King” George Mladenov, they became well-known for their bold moves—some might even say genius moves! Together, they went from being at the bottom of the Brains tribe in the beginning to almost winning the whole thing.

Don’t miss the chance to meet and engage with George and Cara over the three days of Elite Retreat. Get a firsthand look at the strategies that drove their success on Survivor and learn how to apply these principles to business and life. Make a genius move by registering here.

Today’s Feature

Toxic positivity: Overcoming the dark side of good vibes

In a world obsessed with positivity, finding a balance between cheerfulness and authenticity can be the key to unlocking success - at work and in life. According to Harcourts WA CEO, Shane Kempton, ‘equanimity’, or a state of emotional stability and calmness, can help you lead a more genuine and fulfilling life. In today’s feature, Share reveals how you can embrace equanimity and turn setbacks into opportunities for inner peace and true growth. More here.

(Read part one: Toxic positivity: When looking on the bright side of life isn’t so bright here)

Brekky Browse

Meanwhile in New Zealand 🇳🇿

Crossing the ditch for luxury

New sales data shows a slump in New Zealand's luxury housing market, with many wealthy Kiwis relocating to Australia. Caleb Paterson of Paterson Luxury noted that some of his clients have sold their properties to retire in Australia, moving approximately $50 million in equity and businesses across the ditch. Despite the downturn, experts like Ollie Wall observe that discerning buyers are taking advantage of the less pressured market, with wealthy expats returning to New Zealand for its appealing lifestyle. More here.

Anything else?

At Waterloo, Napoleon did surrender

On this day in 1815, Napoleon faced his ultimate defeat at the Battle of Waterloo, marking the end of his reign and reshaping European history. This monumental clash inspired ABBA's famous song Waterloo, which metaphorically parallels the personal triumphs and downfalls akin to Napoleon's fate. The song's catchy tune and historical reference continue to resonate, celebrating victory in the face of overwhelming odds. And one agent who has overcome great odds to forge great success is PRD Hunter Valley agent Cath Cattell. More here.

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