Brisbane – World’s Best City?  by Time Magazine

Brisbane – World’s Best City? by Time Magazine

According to Suzana Wade of Locate Property, having Brisbane featured on the world’s best city list by time magazine is such an amazing accomplishment for Brisbane. Those who are aware of Brisbane’s ongoing growth and development over the past ten years are not surprised by this recognition but exciting times lay ahead says Suzana.

Brisbane has recently undergone infrastructure, hospitality, and retail developments that have drawn tourists from all over the world, making it ever-popular for travelers and business people alike. The formerly semi-industrial areas, such as the James Street Precinct, have been transformed into vibrant, thriving communities that highlight Brisbane’s lovely climate and regional businesses with a restaurant scene that finally rivals anything in Sydney and Melbourne and that is before the opening of the Queens Wharf Casino project.

The upcoming Olympic and Paralympic Games in Brisbane in 2032 are anticipated to further the city’s economic growth and development and make it a more desirable travel destination for both tourists and investors.

The city has already undergone a massive change and this recognition by Time magazine is not only an acknowledgment of such but a prediction of how Brisbane is likely to further develop. 

Brisbane has been on the top of investors’ shopping lists for quite a while now and although was often seen as lagging between Sydney and Melbourne, we now see Brisbane taking centre stage even more so as a result of the Time magazine recognition. The value of homes in Brisbane is likely to rise as a result of increased real estate investment as more people become aware of its appeal and rising popularity.

Not least of all, it should be noted that Brisbane being on the world’s best city list by Time magazine’s list of the most incredible places to visit in 2023 is a glaring indication of the city’s rising fame and acclaim. Given that this recognition is likely to increase demand for Brisbane real estate, now is a great time for investors and homebuyers to profit from the city’s quick growth. Brisbane’s real estate market is expected to continue to be a thriving and profitable investment opportunity for years to come because there are numerous options for buyers.

Time Magazine Source Article HERE

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

Make sure that you treat your investment like its a business.

Make sure that you treat your investment like its a business.

When questioned on their motives, most investors sight financial freedom as one of the major goals behind their investment property acquisition, this article will ensure that you treat your investment like its a business.

However, looking at the ‘bigger picture’ is crucial in ensuring you don’t wind up investing more time/money than the property is worth.

It’s crucial to ensure that you treat the investment like its a business from day 1 of the investment journey

A Business Should Be An Attractive Buy

Why did you acquire the property in the very first place? It is no use putting your hard-earned money into a property that will be difficult to leave when the time comes.

  • What is it that makes people want to live here?
  • What is the demand for properties in the area?
  • How many days are they on market? Etc

Any of these questions could lead to red flags and, most likely, an investment decision that may come to bite you later on. Ensure you always use foresight and apply calculated analysis during your purchase.

A Business Should Have Growth Potential

There is no point in getting into a business if it just going to stand still turning over a minor profit. Every element of a business needs to be able to cover its expenses and your investment property is no different.

To be able to scale you need to be able to leverage other people’s resources, like rental income, tax benefits, and any other income that allows you to minimize the risk in your investment and grow.

A Business Should be Able to Run Independently of You

You have a job and not a great paying one at that if your financial investments can’t work without you.

You definitely need to have your financial investments running like clockwork without the need for you to manage every decision or it simply isn’t worth it and you won’t be able to scale.

You need to be able to work rest and play without worrying over your financial investments. So treat your investment like its business and then you will understand time is worth more than cash, you are wealthy.

For more articles on trending Real Estate topics click HERE or the REIQ is also a great resource