Last updated on June 21st, 2023
airbnb property for sale bondi beach
Owning a beachfront property is a dream for the majority of people. If you are eager to make this come true by earning a passive income at the same time, then purchasing a property with a beautiful view of the sea is ideal in Bondi Beach, Australia!
Airbnb rental arbitrage in Australia is preferred by investors who have a limited budget to purchase a property, which means you can do Airbnb by just renting it! However, the main question is: will Airbnb properties be profitable in that area?
Let’s not get carried away by a property’s design or its proximity to major tourist areas because the primary step is to determine profitability. In this article, we’ll discuss the metrics in order to gauge the best property investment, specifically when buying a property investment in Bondi Beach, Australia. This includes the best website recommendations for property investment, the prices and properties for sale in Bondi Beach, along with each property type’s gross rental yield, cash-on-cash return, and annual revenue.
Bondi Beach is Australia’s most famous beach and has plenty of visitors from across the globe. Known as the jewel of Sydney’s laid-back beach lifestyle, this beautiful city is home to one of the oldest surf lifesaving clubs in the world and one of Australia’s oldest swimming clubs. Airbnb occupancy rates in Australia reveal that the months of September to December are typically the peak seasons with an average occupancy rate of 59%.
In Bondi Beach, the rental yields for houses are currently 1.82 % with an average median rent of $ 1,250 weekly. Aside from this, houses in Bondi Beach have seen 2.68% growth in the past quarter.
Is Property Investment Profitable in Bondi Beach?
Australia is known to be one of the fastest-growing property markets across the globe. This means that the country has a wide variety of profitable property investments offering higher yields. Using a short-term rental calculator, it was discovered that a 2-bedroom apartment in Bondi Beach can generate an annual revenue of A$66,197 with a steady occupancy rate of 66% and a nightly rate of A$238.
airbnb property for sale bondi beach
Profitable Properties for Sale in Bondi Beach
Buying a beach house property will not only let you have access to a delightful vacation spot, but it can also bring an excellent return on investment and become a reliable income stream! It may be difficult to find the best properties that have the potential to produce high yields and capital growth, and this article will certainly help you through!
Here are some of the profitable properties in Bondi Beach along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
119/3 Violet Town Road, Mount Hutton, NSW 2290
1. Studio-type Property for Sale Bondi
East-facing city view furnished studio apartment with balcony
Asking Price: A$210,000
| GROSS RENTAL YIELD | 24.36% |
| ANNUAL REVENUE | A$51,149 |
| CASH ON CASH RETURN | 47.30% |
119/3 Violet Town Road, Mount Hutton, NSW 2290
2. 1-Bedroom Property for Sale Bondi
Located within the Tingira Hills Care Community
Asking Price: A$120,000
| GROSS RENTAL YIELD | 40.57% |
| ANNUAL REVENUE | A$48,684 |
| CASH ON CASH RETURN | 95.94% |
833/138 Windang Road, Windang, NSW 2528
3. 2-Bedroom Property for Sale Bondi
Located at South Pacific Park Village
Asking Price: A$255,000
| GROSS RENTAL YIELD | 24.74% |
| ANNUAL REVENUE | A$63,082 |
| CASH ON CASH RETURN | 48.45% |
7 Short Street, Rylstone, NSW 2849
4. 3-Bedroom Property for Sale Bondi
Near Wollemi Standing Stones
Asking Price: A$300,000
| GROSS RENTAL YIELD | 31.80% |
| ANNUAL REVENUE | A$95,407 |
| CASH ON CASH RETURN | 69.64% |
13 Ron Scott Circuit, Greenacre, NSW 2190
5. 4-Bedroom Property for Sale Bondi
Close to local favourites: Valentina Mexico, Al Aseel Restaurant and Cafe Levant
Asking Price: A$780,000
| GROSS RENTAL YIELD | 26.33% |
| ANNUAL REVENUE | A$205,351 |
| CASH ON CASH RETURN | 53.21% |
Conclusion
Since Airbnb is rapidly increasing and constantly changing for each city in the world, it is crucial to make decisions based on wild guesses. The data points mentioned in this article for Bondi Beach such as Airbnb occupancy rates, annual revenue, and average daily rate should be the primary basis before investing in a property.
Hence, if the data presented above has given you ideas to boost your strategic pricing plan for your business, then an Airbnb rental arbitrage calculator is certainly what you need for success in the long run. It’s a fact that some of the STR investors are also considering Airbnb Rental Arbitrage, but they still need to have a reliable data tool on to base their conclusions!
As we live in a digital era, an accurate data analytics tool can help your business stand out among your surrounding competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city.
