Australia’s Proposed Rent Freeze.  Will it get up?

Australia’s Proposed Rent Freeze. Will it get up?

Australia’s proposed rent freeze that is presently before the parliament has been closely watched closely by industry commentators along with most Real Estate agents like Suzana Wade, Principal, & Licensee of Locate Property in Brisbane. She believes that the rent freeze is a terrible idea that could have serious negative effects on both landlords and tenants because she is a real estate expert with years of experience in the field.

For a set period of time, a rent freeze would set a cap on how much landlords could raise the rent on their properties. While it might seem like a good idea to shield tenants from rising housing costs, in the long run, it might backfire. A rent freeze, in Suzana’s opinion, would result in several undesirable outcomes, including:

  • Rent freezes would make it less appealing for landlords to make improvements to and keep up the standard of maintenance on their properties. If landlords are unable to raise their rents, they might not have the money to make the required repairs and improvements, which would ultimately result in a decline in the caliber of rental properties.
  • Reduced availability of rental properties: Landlords may decide to sell their properties or put them to other uses, like short-term vacation rentals, if they are unable to raise rents to keep up with rising costs. This might result in a decline in the number of rental homes available, making it harder and more expensive for tenants to find suitable housing.
  • A rent freeze would also put landlords at risk, especially those who depend on rental income to cover their mortgage payments and other expenses. Landlords might be forced to sell their properties or run into financial trouble if they are unable to raise rents.

There has been a significant backlash against Australia’s proposed rent freeze as a result of these and other worries. Suzana and many others in the real estate sector think the proposal won’t likely pass. To make sure that any upcoming housing policies are just and advantageous for all parties involved, she nevertheless urges all landlords and tenants to stay informed and actively participate in the discussion.

For the REIQ’s own article on the matter please refer to that here – REIQ RENT FREEZE ARTICLE

Rental crisis creates rent bidding scenario in Brisbane

Rental crisis creates rent bidding scenario in Brisbane

According to Suzana Wade of Locate Property, a reputable property management company with firsthand knowledge of the situation, renters are taking “extreme measures” in response to the low vacancy rates.  

Suzana Wade a well-known Brisbane real estate expert, has noticed that low vacancy rates are putting pressure on the rental market and making things unfair for renters.

A top real estate expert says that “historically” has recently published at the REIQ means low vacancy rates in Queensland are making it hard for renters to find a place to live because the demand is higher than the supply.

According to Ms. Wade, renters are competing for fewer available properties as a result of the competition.

In a tight rental market, real estate agents or property managers may suggest paying more than the asking rent to get a place to live.

The choice, according to Ms. Wade, was made as a result of Queensland’s “critically low level” vacancy rates, which made things challenging for tenants.

“Although interstate migration has reached very high levels, supply is the real underlying issue here.

Unfortunately, there is a significant mismatch between the amount of rental housing that is available and the demand for it. This problem won’t be solved soon.

Due to a phenomenon called “rental bidding,” potential tenants may haggle back and forth like they’re bidding at an auction.

It often means that the landlord gets a weekly rent payment that is much higher than the price they asked for the house.

Even though it’s against the law in Queensland and most of the other Australian states, Ms. Wade says tenants can still make higher offers as part of their own strategy. Unsolicited offers from tenants trying to secure the property really have become the norm for the more competitive properties.

She said that landlords and property managers can’t ask for more rent, even though tenants are making bigger offers.

Not only are candidates providing more money towards their rent, but they are also providing more money towards their rent upfront or seeking additional methods to stand out.

Of course, that’s just how people are.

When we are desperate to find safety for ourselves and our families, we will look for ways to stand out from the crowd said Suzana.

More news and updates follow Suzana Wade at

Real Estate listings are up over 7% whilst vacancies drop further

Real Estate listings are up over 7% whilst vacancies drop further

Over the past few months, the Australian real estate market has been on an up-and-down roller coaster, with conflicting signals coming from both property listings and vacancy rates. Even though the vacancy rate went down in February, the number of homes for rent went up by 7.2%, making the rental crisis worse. Both of these trends make the Australian real estate market look complicated and may have big effects on both buyers and renters.’s most recent data show that in February, there were 7.2% more property listings in Australia as a whole. This is a big change from the month before, when the number of listings went down by 4.4%. The recent rise in interest rates has put a lot of stress on homeowners, which has led to a rise in the number of property listings. 

Despite an increase in property listings, the rental market faced a different situation. February saw a sharp decline in vacancy rates, making it even more challenging for renters to find affordable housing. SQM Research says that the national vacancy rate for rentals dropped from 2.2% in January to 1.9% in February. The rental crisis in Australia is getting worse, and this represents the lowest vacancy rate since 2011.

The main causes of the rental crisis that has been getting worse for a while are a lack of affordable housing and a rise in the number of people moving to big cities to find work. The COVID-19 pandemic has also made things worse because many renters are finding it difficult to pay their rent because of lost jobs and income. These elements working together have increased demand for rental properties, but the supply has not kept up, pushing up prices and making it challenging for many renters to find a place to live.

Both renters and the larger real estate market are experiencing significant effects of the rental crisis. Renters will face higher costs, more competition, and a greater chance of being priced out of the market. 

Overall, the conflicting information about the Australian real estate market creates a confusing picture for both buyers and renters. Even though the increase in real estate listings might help buyers in the short term, the worsening rental crisis could cause rents to go up even more and make it harder to find a place to live. As the market keeps changing, it’s important for both buyers and renters to stay up-to-date and ready for any changes that may come up.

An opinion Article by Suzana Wade of Locate Property

New Farm vs Bulimba. Property Review by Suzana Wade

New Farm vs Bulimba. Property Review by Suzana Wade

As the Principal/Licensee of Locate Property in Brisbane, I have had the chance to actively participate in all aspects of real estate in both of the areas’ enduring appeal. Throughout my entire stay, I’ve had the good fortune to spend a lot of time in Brisbane’s top two “most expensive suburbs.” Blue Chip assets like Bulimba Property and New Farm are both suitable for any portfolio. Given that both of these communities offer opulent lifestyles and exceptional real estate, it is impossible to choose which is “better,” but let’s examine the differences anyhow.

“The median home price in New Farm is $1.5 million, while that in Bulimba is $1.2 million,”

The most expensive area of Brisbane is New Farm, where homes typically cost $1.5 million. The median home price in Bulimba, which is the second priciest suburb, is $1.2 million.

The spectacular Victorian-style homes, lush gardens, and hip restaurants of New Farm, which is located on the north bank of the Brisbane River, are well-known. Due to its proximity to the city and cosmopolitan atmosphere, the neighborhood is a fantastic option for those who want to lead a hectic city lifestyle.

On the south bank of the Brisbane River, Bulimba has a more suburban feel with its calm, tree-lined streets and welcoming neighborhood. Families who value a laid-back pace of life will love the area’s abundance of parks and playgrounds, as well as its renowned dining and shopping establishments.

Both locations receive excellent service from the city’s bus and boat services, making it simpler for locals to get around. Bulimba has more schools because it is located in a more suburban area, including the prestigious Private All Hallows School, Balmoral State School, and Bulimba State School.

Both Bulimba and New Farm provide opulent lifestyles and first-rate real estate; each suburb has its own distinct personality and draw. It is impossible to choose a winner because both Brisbane suburbs are leaders in their respective fields. Whether you prefer a city or suburban setting, New Farm and Bulimba probably have something to offer. To choose which of these two suburbs, as opposed to Bulimba Property and New Farm, best suits their lifestyle and personal preferences, each person will need to weigh the benefits and drawbacks of each.

One of the posts I write as the Principal and Licensee at Locate Property is a review by Suzana Wade.

Real Estate in Brisbane a 2023 Outlook.

Real Estate in Brisbane a 2023 Outlook.

It’s important to keep in mind the complexity and diversity of the Brisbane real estate market as we think about real estate in Brisbane in 2023 and beyond, according to Suzana Wade, Principal & License of Locate Property. Even though the national market may be going down, there are still many places and local markets where property values are stable or even going up.

The economy is one of the most important factors that will affect the real estate market forecast for Brisbane in 2023 and beyond. We may anticipate seeing even more buyers enter the market if the economy keeps improving and unemployment stays low, which will support home values. Still, if the economy is bad or unemployment goes up, the value of real estate may continue to fall.

The health of the housing market in various parts of the nation is another important consideration. As I’ve already said, the current slump isn’t the same in every real estate market in the country. Property values in some areas, such as Sydney and Melbourne, are declining faster than in others, such as Brisbane and other rural areas.

As a real estate expert in Brisbane with more than 15 years of experience, I think that a number of factors, such as the state of the economy, the unemployment rate, and the way supply and demand work in different regions and local markets, will continue to affect the real estate market in Brisbane in 2023 and beyond.

In general, buyers and sellers should be ready for a market that is likely to stay mostly stable, but some local and regional markets may change from time to time.

Australia’s overall Property Index results

Australian Property Graph 2023

The once-in-a-generation property boom that happened in 2020 and 2021 has ended, and the Australian real estate market is now in an adjustment period. The market has changed a lot in the past few years. As a result, many people are curious about the property market’s prospects until 2023 and beyond.

The peak of the housing market, as determined by CoreLogic’s national house value index, was attained in May 2022, following which there was a -5.3% fall during the year. Although the Australian real estate market is generally declining, it’s vital to keep in mind that not all local markets and locations are equally affected. Each state’s real estate market is different, and the effects of the slump are different in each state.

Each state’s real estate market is at a different stage of the cycle, and each capital city has a variety of marketplaces with various patterns. There are places where property values are falling, others where they are staying the same, and still other places where they are rising. This demonstrates the complexity, diversity, and regional variations of the Australian real estate market.

Real estate in Brisbane has been growing at a slower rate recently, and the prognosis is showing signs of stabilization, giving everyone a chance to catch their breath.

For more articles like this follow my blog here are Locate Property.

Authored by Suzana Wade, Real Estate in Brisbane.

Suzana Wade, CEO of Locate Property talks Rentals for 2023

Suzana Wade, CEO of Locate Property talks Rentals for 2023

Suzana Wade, CEO of Locate Property, a well-known real estate firm in Brisbane, I have been actively tracking the current rental market trends and conducting data analysis to forecast what the future of our industry will entail. The rental market for 2023 and beyond has been the subject of a lot of recent discussion, so I wanted to share my knowledge with you.

According to a recent ABC investigation, the Australian rental market is anticipated to get more competitive in 2023 and 2024. This is due to a number of factors, including rising interest rates, a slowdown in the housing market, and a lack of new development projects that are starting up. These factors are reducing the supply of rental properties, which is raising rental prices.

Brisbane is already witnessing the emergence of this trend. There has been a noticeable rise in demand for rental properties with a 30% increase in demand over the previous year. However, the number of properties available has decreased by 26%. As a result, there will be pressure on rent prices to increase. For instance, we anticipate a $450 to $550 price increase for apartments on Brisbane’s north side over the course of the next 18 months, with even higher price increases for houses.

As the rental market becomes more competitive and rental prices rise, tenants should be aware of these market trends and start preparing for potentially higher rental rates in the future. If you like where you live and the rent is reasonable, it might be a good idea to lock in your lease for the long term. To ensure they are getting the best interest rates, landlords must speak with their bank or seek advice from a reputable independent finance broker. Selecting a rental agency is essential if you want to maximize yield opportunities when leases are up for renewal while also rewarding excellent tenants.

Suzana Wade constantly keeps up with trends and provides our clients with the most recent data and market insights. This may be a trying time for both tenants and landlords, and we are here to help you get through it. In order to make decisions that are in line with their particular needs and goals, we advise our clients to carefully consider all of their options.