Last updated on August 11th, 2023
Start your Airbnb journey learning the best areas to invest in real estate in Brisbane, Queensland and secure your cash-on-cash return!
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Start your Airbnb journey learning the best areas to invest in real estate in Brisbane, Queensland and secure your cash-on-cash return!
- Last updated on
- August 11, 2023
Key Takeaways
- Queensland’s overall financial stability, population growth, low crime rates and reasonable living cost has helped various hosts to earn a nice income stream.
- Discover what real estate investors can expect when investing in Airbnb properties in Brisbane and nearby areas.
- Find out the top 10 profitable areas for real estate investments nearby Brisbane along with their respective Airbnb data.
Introduction
In the northeastern region of Australia lies one of its largest states, Queensland, which is bordered majestically by the Coral Sea and the Pacific Ocean. Considered the “origin of the planet Earth”, Queensland is a slice of paradise where people can find unique experiences while they get in touch with mother nature.
The capital of Queensland, Brisbane stands out for its cosmopolitan yet laid-back environment. The city is a top international tourist destination, which serves as the gateway to the Gold Coast. Moreover, it’s one of the favorite cities to live in Australia since it offers a high quality of life, good weather conditions, and great location.
According to our previous blog where we talk about the most profitable Airbnb cities in Australia, Brisbane stood out ranking high in the list. Furthermore, Airbnb mentioned Brisbane, QLD as one of the top trending global destinations of 2022!
Wondering which areas in Brisbane offer the best property investment opportunities? We got you!
In this article, we talk about the best areas to invest in rental properties in Brisbane, Queensland and what expectations to have for real estate investments here. Continue reading to learn more.
Why invest in Rental Properties around Brisbane?
Brisbane is an interesting market to invest in from the perspective of property investors if we consider the many advantages it offers. Check out some of the major reasons why investment properties in Brisbane are an excellent idea:
Stable financial situation
Overall, Queensland’s economy is the top-performing in Australia, thanks to the steady population growth, solid job market, and good housing finances as confirmed by CommSec State of the States. Hence, Brisbane also enjoys a healthy and booming economy as the major business hub in the region.
Reasonable cost of living
One of the main reasons for the population growth in Brisbane is the reasonable living cost since other cities like Sydney and Melbourne have increased a lot over the past years. Consequently, investors can see Brisbane’s housing and rent market in a positive light since its demand is strong with reasonable property prices and higher rental returns.
The average cost of living is lower than other major metropolitan areas in the country and the median property price in Brisbane is currently at A$772K.
Plethora of leisure activities
Brisbane is one of the top tourist destinations in Queensland. The city has a great cultural, musical, and art scene with fantastic art galleries, museums, live theatre performances, and top-tier restaurants. Brisbane is home to many landmarks and places of great interest like the City Botanic Gardens, King George Square and City Hall, and Lone Pine Koala Sanctuary among others.
If you love the beach, then you will like the fact that Brisbane is close to the best beaches in the country like Noosa, Gold Coast, and Sunshine Coast, which are amazing options for a day trip or weekend getaway!
Top market for Airbnb investment properties in Australia
Brisbane not only has one of the hottest rental markets in the country, but it’s also one of the best places for Airbnb investment properties in Australia since it offers promising revenue for hosts. Thus, if you’re looking for a great passive income stream, then you should consider Airbnb because it can help you earn more money than traditional renting.
Is Airbnb Profitable in Brisbane?
Airbtics confirms that Airbnb Investment Properties in Brisbane are lucrative. Still, it’s good to have in mind that the level of profitability depends on your location and property type.
However, if you’re still having doubts about purchasing an investment property, you can always start doing rental arbitrage in Brisbane, which is a legal way of earning passive income with a minimal budget! Either way, it’s best to be prepared beforehand and learn about the existing Airbnb regulations to avoid breaking the rules.
According to Airbtics’ data, an Airbnb host can expect annual revenue of A$70,444 with a steady occupancy rate of 95% for operating a 2-bedroom property in Brisbane.
Source: Airbtics Dashboard
Best Areas to Buy an Investment Property near Brisbane, QLD
Queensland is the second largest state in Australia with over 1,000 cities, towns, and villages. If we explore further, we can find that Brisbane has around 190 established suburbs. Consequently, you can expect that the profitability of each area is different.
So you may wonder “where should I buy an investment property in Brisbane?” Don’t worry, we got you! So, check out the best neighborhoods and nearby cities in Brisbane, QLD that are highly recommended for starting an Airbnb business:
|
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|---|---|---|---|---|---|
| Location | Number of Airbnb Listings | Best Number of Bedrooms | Median Property Price | Airbnb Annual Revenue | GRY |
| Fortitude Valley, Brisbane | 124 | 2 Bedrooms | A$459,000 (2 BD) | A$82,610 | 18% |
| Spring Hill, Brisbane | 42 | 2 Bedrooms | A$450,000 (2 BD) | A$78,059 | 17.35% |
| South Brisbane | 263 | 1 Bedroom | A$380,000 (1 BD) | A$64,904 | 17.08% |
| Redcliffe, Brisbane | 44 | 2 Bedrooms | A$450,000 (2 BD) | A$76,030 | 16.90% |
| Hamilton, Brisbane | 42 | 2 Bedrooms | A$599,000 (2 BD) | A$75,648 | 12.63% |
| Gold Coast, QLD (79km away) | 3,305 | 2 Bedrooms | A$499,000 (2 BD) | A$100,819 | 20.20% |
| Bribie Island, QLD (90km away) | 251 | 3 Bedrooms | A$530,000 (3 BD) | A$70,602 | 13.32% |
| Sunshine Coast, QLD (108km away) | 1,839 | 2 Bedrooms | A$500,000 (2 BD) | A$71,314 | 14.26% |
| Toowoomba, QLD (127km away) | 237 | 3 Bedrooms | A$380,000 (3 BD) | A$66,603 | 17.53% |
| Hervey Bay, QLD (290km away) | 558 | 2 Bedrooms | A$395,000 (2 BD) | A$51,949 | 13.15% |
Airbnb Location
Airbnb Dataset
- Total Number of Airbnb Listings: 124
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): A$459,000
- Airbnb Annual revenue: A$82,610
- Gross rental yield: 18%
- Total Number of Airbnb Listings: 42
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): A$450,000
- Airbnb Annual revenue: A$78,059
- Gross rental yield: 17.35%
- Total Number of Airbnb Listings: 263
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): A$380,000
- Airbnb Annual revenue: A$64,904
- Gross rental yield: 17.08%
- Total Number of Airbnb Listings: 44
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): A$450,000
- Airbnb Annual revenue: A$76,030
- Gross rental yield: 16.90%
- Total Number of Airbnb Listings: 42
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): A$599,000
- Airbnb Annual revenue: A$75,648
- Gross rental yield: 12.63%
- Distance from Brisbane: 79 kilometers
- Total Number of Airbnb Listings: 3,305
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): A$499,000
- Airbnb Annual revenue: A$100,819
- Gross rental yield: 20.20%
- Distance from Brisbane: 90 kilometers
- Total Number of Airbnb Listings: 251
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): A$530,000
- Airbnb Annual revenue: A$70,602
- Gross rental yield: 13.32%
- Distance from Brisbane: 108 kilometers
- Total Number of Airbnb Listings: 1,839
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): A$500,000
- Airbnb Annual revenue: A$71,314
- Gross rental yield: 14.26%
- Distance from Brisbane: 127 kilometers
- Total Number of Airbnb Listings: 237
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): A$380,000
- Airbnb Annual revenue: A$66,603
- Gross rental yield: 17.53%
- Distance from Brisbane: 290 kilometers
- Total Number of Airbnb Listings: 558
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): A$395,000
- Airbnb Annual revenue: A$51,949
- Gross rental yield: 13.15%
Source: Airbtics Dashboard
Summary
Nearby cities and neighborhoods in Brisbane offer a variety of great investment opportunities to property investors. There are many profitable locations that can bring attractive rental yields and annual revenue. However, it’s always recommended to analyze them carefully!
After getting an overview of the best areas to invest in Queensland, go further and take a look at Airbtics’ free Airbnb calculator, so that you can maximize profitability and stand out among your competitors.
Short-Term Rental Data
Short-Term Rental Data
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