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Skim read 3 mins | Less is more long read 12 mins | Weekend catch up read 19 mins

"THEY SAID IT"

"It was announced at a time when Sydney and Melbourne house prices were rising rapidly and the market needed to cool. That is no longer the situation."

That's REIQ CEO Antonia Mercorella on Labor's proposed negative gearing policy - which SQM Research has modelled and found to be not-so-great for property values. More below.

TODAY'S GOOD NEWS

WHAT IF I TOLD YOU...

... STICKING WITH THE MAN IN THE MIRROR CAN CHANGE YOUR PERSPECTIVE
Being a top player in the industry requires you to heavily invest in yourself, according to Jo-Anne Oliveri, Founder and Managing Director of ireviloution intelligence. Jo says that the best game-plan involves being committed to a four-step cycle that doesn't just stop at setting goals and training selection. It might be a bit of a no-brainer, but you actually have to go to the training and, most importantly, implement what you've learned into your processes.

By sticking to this four-step cycle, personal investment becomes a habitual practice that's sure to help you become an MVP of your business and help your team as a whole achieve its targets. Read more about how to win the cycle here.



...A RATE CUT COMBINED WITH NO CHANGES TO NEGATIVE GEARING WOULD IMPROVE BOTH RENTAL YIELDS AND PROPERTY VALUES

Research house SQM released an absolute doozy of a report yesterday which shows what they think might happen if Labor's proposed changes to negative gearing come into effect in July 2020.

The headline: that if changes are implemented as planned by the Labor Party rents will go up and values will come down.

Basically the numbers become worse if there is no rate cut, and better if everything stays the same (albeit with a rate cut). The details, including some comments from REIQ CEO Antonia Mercorella are here.

TRENDING THIS WEEK

If that's not enough excitement for you, here are the other stories this week that caused almost as much excitement as Sam's theory that the old productivity matrix needs an update.

FLASHBACK FRIDAY

In this week's Friday Flashback, once again we're throwing back to the AREC 2018 couch with something new out of our vault. This time it's coach Claudio Encina with Nicole Gleeson from Kay & Burton Real Estate in Victoria. Nicole had just stepped off the AREC 2018 stage when she talked to Claudio about 'attraction agent 4.0' and why your clients need to think of you as the Google of your market.


Being the Google of your market means having your clients trust that they can come to you at any time for knowledge and advice about the market because they view you as the authority. Watch now.

If you loved this video, or you've never been before, you won't want to miss getting yourself to AREC 2019. Our premium subscribers are getting $410 off their tickets, and you can be one of them. Join here.


Thanks for reading.
Wishing you a productive day.
(If you're in NSW - don't forget to vote tomorrow!)

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