12 Apr
Welcome to our monthly insights, it seems surreal that a year ago the country was in lockdown and we were tracking virus numbers not just in Australia but globally.
A year later and as at the end of the first quarter 2021, we have seen the fastest rate of growth in the property market since October 1988. The question is how long the growth period will last before regulators step in.
Nearly two-thirds of Australia’s population have never experienced an economic slump in their working lives. Nearly half of the Australian population were not born or residents when we last dipped into recession in 1991. Income is lower and predictions are that close to 150,000 will lose their jobs this month with the end of JobKeeper.
In this month’s Market Insights, Tim Lawless from CoreLogic and I discuss the sustainability of this market.
Here are your options to watch and/or listen:
YouTube: https://youtu.be/pbNWFsieCQo (also below)
Spotify: https://open.spotify.com/episode/1kxnCGMlnGb17yFY5UmO5P?si=AMNNO3WiT3yw3iNAEAP4IA
Apple Podcast: https://podcasts.apple.com/au/podcast/reip-insights/id1543076972#episodeGuid=1f53db3e-a542-4e4f-8b6e-24577b920fc0
Thank you for your support of Real Estate Industry Partners (‘REIP’) – providing you with Industry-driven Leadership for Industry-owned Benefit.
Don’t hesitate to contact me personally about any aspect:
Phone: 0403 271 676
Email: sadhana.smiles@reip.com.au
Support: support@reip.com.au
Website: www.reip.com.au
Until next month, stay safe and stay connected.
Sadhana Smiles
CEO
New REIP Website
Our team has been busy with industry-wide projects and initiatives that we will start to share with you, including within this edition. Meanwhile, we are excited to launch the first version of our evolving website www.reip.com.au
Here you will find information on our ‘Why’, our partners and suppliers for your benefit, Market and Leadership Insights etc. Any feedback always welcome.
REIP + Realty Partnership
We are pleased to announce our partnership with Realty.com.au as our official social media portal partner.
We all know of the ever-increasing costs to market our listings on traditional portals. Realty helps address this challenge by offering leading-edge social media marketing for free or at reduced costs for boosting.
Realty now has 500+ Geo-mapped Facebook pages and over 7,000 agents actively engaged on the platform.
As a REIP member your listings will be automatically loaded onto the Realty portal for free when you load on to REIP www.portal.reip.com.au/join. Giving your listings increased organic exposure.
There’s also opportunity to quickly and simply ‘Boost’ your listing on Realty/Facebook as a paid service.
Michael Sheargold and I recently discussed what Realty provides, what this means for REIP members and how you can connect and amplify your listings on the platform.
To watch a 5-minute overview, simply click the YouTube video below:
Catch-up with 3 REIP Directors
I am excited to share with you a unique interview that Kevin Turner from Realty Uncut recently conducted with three of our REIP directors; Mike Green (Harcourts), Joel Davoren (RE/MAX) and Damian Hackett (Place).
These three Industry Leaders share with us the objectives and ‘5 Pillars’ of REIP to help all agents and the industry.
To watch this extended video simply click the YouTube video below:
Leadership Insights with Maria & Manos Findikakis
Maria & Manos are Founders and Directors of eView group who have also recently joined the national REIP leadership organisation.
They are Industry Leaders in their own right and I am delighted to share with you an interview with them as part of our Leadership Podcast series.
Many years ago, I read the book The Invisible Entrepreneur, by Louise Woodbury and William De Ora. It is a book that changed how I view running a business and I have used it many times when coaching business owners.
The book explains how you can:
- Be in the driver’s seat and be involved in the day-to-day management if that’s what you’re passionate about.
- Take three months off (or more), allowing yourself to recharge and simply have a break while the right person runs the business when you’re away.
- Create a turnkey business you can walk away from altogether, while it continues to generate income for you.
- Sell your business at a much higher value than what it would be worth.
- Develop a succession plan blueprint for you to transfer your business to the next generation or prepare for a management buyout etc.
My conversation with Maria & Manos was very much about how they have achieved many of these aspects above. For example, they spent 6 months in Greece during COVID and their business did not miss a beat. Today they have a global team in place – Australia, Greece, Sweden, etc and their business model, which has evolved over the years, is one that has influenced the industry positively.
Their energy and connection will jump out at you, and this is a conversation that I hope gets you thinking more about the benefits of being the ‘Invisible Entrepreneur’.
Here are your options to watch and/or listen:
YouTube: https://youtu.be/OmJ77MJZcSg (also below)
Spotify: https://open.spotify.com/episode/6dwVWR0WSwuAXuu1r7cuQl?si=mH9AJwgOSAWUzbMwCdmWXQ
Apple Podcast: https://podcasts.apple.com/au/podcast/reip-insights/id1543076972
Rise Conference
Stress often impacts our people detrimentally more than what we realise.
I was recently MC at a health and wellness conference run by Hayley Mitchell from MitchellPT, which hosted over 100 property managers. In a live poll regarding the biggest causes of stress, the common answers were – team members, tenants and Directors.
Also in a recent survey of 1,000 property managers, 77% said their stress levels were very high.
This is a very big issue we need to address to better support our people, or we will have no people!
One of REIP’s 5 Leadership Pillars is around ‘Wellbeing’ for our industry members, and we strongly support the upcoming Rise Conference.
Rise is a movement in real estate that is ‘for good’. They work to improve and grow the industry, to move away from one-dimensional chasing of transactions and GCI, towards rounded human relationships that support wellness, mindfulness and performance, great service for clients and better outcomes for teams, families and ourselves.
The Rise Conference is in Melbourne on 5 May 2021. You can buy tickets to attend or watch virtually. For more information go to https://riseconference.com.au/.
REIP Products & Services for Your Agency
Membership of REIP is FREE and there’s plenty of value + benefits available right now for your agency!
If you missed our last REIP Pulse newsletter (March Edition), which outlined many of the products and services available to you, here is a link to that edition for your brief perusal: https://reip.com.au/reip-indistry-pulse-mar-2021/
All you need to do to join REIP, the national industry leadership group, is start loading all your listings (all types) on to the REIP portal, again all for free: https://portal.reip.com.au/join/
Thank you for your support of Real Estate Industry Partners (‘REIP’) – providing you with Industry-driven Leadership for Industry-owned Benefit.
For further information on organisational objectives, membership or shareholding options, don’t hesitate to call me (Sadhana) personally on 0403 271 676.
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