• NSW’s economic stability, steady population growth, great living conditions, and good rental returns have helped various hosts to go through a financially rewarding experience.
• Get to know the main advantages that real estate investors can look forward to when investing in rental properties in Sydney and nearby areas.
• Find out the top 10 profitable areas for real estate investments around NSW along with their respective Airbnb data. 

Introduction

In the east coast region of Australia, we can find its most populous state, New South Gales, which is bordered by Queensland, Victoria and South Australia. In addition, the state is also flanked by the Coral and Tasman Seas, giving it majestic views.

Nestled between the Tasman Sea and the Blue Mountains, we can find the capital and largest city of NSW, Sydney. The Emerald City is highly renowned for its picturesque beaches, extraordinary cultural scene, emblematic heritage sites, and cosmopolitan environment. 

Sydney is also one of the most most profitable short-term rental markets in Australia! What’s more, Airbnb listed Sydney as a top trending global destination for 2023 international travel.

Wondering which areas in New South Wales offer the best property investment opportunities? We got you!

In this article, we talk about the best areas to invest in Airbnb properties in Sydney, NSW and what expectations to have for real estate investments here. Continue reading to learn more.

Why invest in Rental Properties Located in the Suburbs of Sydney?

Sydney is an interesting market to invest in from the perspective of property investors if we consider the many benefits it offers. Check out some of the major reasons why investment properties in Sydney are an excellent idea: 

• Strong economy

Sydney enjoys a robust economy being the business center of Australia and a leading financial hub in the Asia-Pacific region. In fact, according to the Global Financial Center Index 33, Sydney ranks 15th place worldwide. Additionally, it holds the top spot nationwide and 38th internationally on the Global Start-ups Ecosystem Index.

Thanks to its stable economy, Sydney also experiences steady growth in its job market which consequently leads to enhanced demographic development. Considering this, the real estate market remains strong and offers higher rental returns even when housing prices are high.

• Great living conditions 

Aside from the healthy financial situation of Sydney, the great quality of life is another reason for the population growth. The city holds the 20th place in the Quality of Life Index by City 2023.

In Sydney, residents can have easy access to top-quality amenities, renowned higher education institutes, a reliable healthcare system,and premier recreational facilities. Sydney is also a clean city where you can have a sense of security while exploring its streets on foot or using its efficient public transportation system.

• No shortage of leisure options

Did you know that Sydney is the top tourist destination in Australia? As a matter of fact, the city welcomed around 4.5M overnight visitors as of February 2023. Sydney offers one of the most extraordinary cultural, musical, and art scenes in the country. Aside from its wide range of cultural offerings, you can also enjoy the fresh air while exploring the city’s natural wonders. 

Sydney is home to iconic landmarks such as the Sydney Opera House, the Australian Museum, and the Art Gallery of New South Wales. Additionally, you can find plenty of national parks, miles of coastal walks, ocean pools and over 100 beaches around Sydney. So we can all agree that Sydney allows you to experience the best of both worlds!