Last updated on June 21st, 2023
airbnb property for sale Byron Bay
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 Byron Bay, Australia!
Airbnb rental arbitrage in Byron Bay 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? Don’t forget to check if Airbnb rules in Byron Bay allow hosting to avoid breaching the laws.
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“Byron Bay had the strongest growth forecast due to the town’s health and wellbeing elements. It has topped an international list of 12 hotspots tipped to record surging prime residential price growth.”
– Elite Agent on Byron Bay Property Forecast
Byron Bay is the perfect beach town for those who want to earn a passive income by purchasing a property for Airbnb. While it’s important to check on the Airbnb occupancy rates in Australia, it’s also best to do a market research to make informed decisions.
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 (city center and beachfront) in Byron Bay, Australia.
This includes the best website recommendations for property investment, the prices and properties for sale in Byron Bay, along with each property type’s gross rental yield, cash-on-cash return, and annual revenue.
Is Property Investment Profitable in Byron Bay 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 an Airbnb profit estimator, it was discovered that a 2-bedroom apartment in Byron Beach can generate an annual revenue of A$160,893 with a steady occupancy rate of 80% and a nightly rate of A$529.
airbnb property for sale Byron Bay
Houses for Sale in Byron Bay 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 Byron Bay Beach along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
2/5-7 Byron Street BYRON BAY NSW 2481
1. Studio-type Property for Sale in Byron Bay
- 0.4 km away Byron Bay Public School
- Asking Price: A$230,000
| GROSS RENTAL YIELD | 26.01% |
| ANNUAL REVENUE | A$59,824 |
| CASH ON CASH RETURN | 52.26% |
179/399 Ewingsdale Road, Byron Bay NSW 2481
2. 1-Bedroom Property for Sale in Byron Bay
- Located in the beautiful Discovery Park at Byron Bay
- Asking Price: A$269,000
| GROSS RENTAL YIELD | 21.75% |
| ANNUAL REVENUE | A$58,512 |
| CASH ON CASH RETURN | 39.49% |
17/11-19 Cooper Street BYRON BAY NSW 2481
3. 2-Bedroom Property for Sale in Byron Bay
- 1.2 km away Byron Bay High School
- Asking Price: A$390,000
| GROSS RENTAL YIELD | 24.11% |
| ANNUAL REVENUE | A$94,034 |
| CASH ON CASH RETURN | 46.57% |
24/5-7 Old Bangalow Road Byron Bay NSW 2481
4. 3-Bedroom Property for Sale in Byron Bay
- A ten-minute walk through a national park takes you to pristine Tallows Beach
- Asking Price: A$430,000
| GROSS RENTAL YIELD | 26.42% |
| ANNUAL REVENUE | A$113,593 |
| CASH ON CASH RETURN | 53.48% |
19 Sunrise Boulevard BYRON BAY NSW 2481
5. 4-Bedroom Property for Sale in Byron Bay
- Near Trout Creek Rd
- Asking Price: A$547,000
| GROSS RENTAL YIELD | 26.38% |
| ANNUAL REVENUE | A$144,295 |
| CASH ON CASH RETURN | 53.37% |
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 Byron Bay 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 which 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.
