Last updated on June 21st, 2023
airbnb property for sale Perth City Center
Are you looking for a sunny Australian city to invest a property into? Then look no further! Perth City offers plenty of beautiful coastlines, parks, and botanic gardens which are mostly preferred by most tourists.
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? While there are best areas for rental arbitrage in Perth, these can be easily identified by conducting thorough market research.
On the other hand, Airbnb occupancy rates in Australia reveal that the average occupancy rate in Perth is 53%. And don’t forget! It’s also essential to consider the Airbnb rules in Perth in order to operate an STR business without worrying about breaching the laws.
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“Despite its strong growth, Perth remains Australia’s second cheapest capital city for buyers behind Darwin.”
– Loans AU on Investment Property in Perth
In this article, we’ll discuss the metrics in order to gauge the best property investment, specifically when buying a property investment in Perth, Australia. This includes the best website recommendations for property investment, the prices and properties for sale in Perth, along with each property type’s gross rental yield, cash-on-cash return, and annual revenue.
Is Property Investment Profitable in Perth?
Using a short-term rental calculator, it was discovered that a 2-bedroom apartment in Perth can generate an annual revenue of A$73,188 with a steady occupancy rate of 81% and a nightly rate of A$200.
airbnb property for sale Perth City Center
Houses for Sale in Perth City Center
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 Perth along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
89/65 Ormsby Tce, Mandurah, WA 6210
1. Studio-type Property for Sale in Perth
Close to Mandurah’s beautiful Waterways
Asking Price: A$79,900
| GROSS RENTAL YIELD | 28.33% |
| ANNUAL REVENUE | A$19,545 |
| CASH ON CASH RETURN | 59.21% |
37/49 Arnisdale Road, Duncraig, WA 6023
2. 1-Bedroom Property for Sale in Perth
Near a parkland and the Glengarry Shopping Centre
Asking Price: A$150,000
| GROSS RENTAL YIELD | 14.50% |
| ANNUAL REVENUE | A$21,757 |
| CASH ON CASH RETURN | 17.75% |
102/23 Clotworthy Street, Kalbarri, WA 6536
3. 2-Bedroom Property for Sale in Perth
Overlooking the mouth of the Murchison River
Asking Price: A$135,000
| GROSS RENTAL YIELD | 23.72% |
| ANNUAL REVENUE | A$32,022 |
| CASH ON CASH RETURN | 45.39% |
39/279 Hopetoun-Ravensthorpe Road, Hopetoun, WA 6348
4. 3-Bedroom Property for Sale in Perth
Near main centre of Hopetoun
Asking Price: A$145,000
| GROSS RENTAL YIELD | 24.40% |
| ANNUAL REVENUE | A$35,381 |
| CASH ON CASH RETURN | 47.43% |
39/279 Hopetoun-Ravensthorpe Road, Hopetoun, WA 6348
5. 4-Bedroom Property for Sale in Perth
260 km south of Perth on Albany Highway State Route 30
Asking Price: A$190,000
| GROSS RENTAL YIELD | 23.83% |
| ANNUAL REVENUE | A$45,277 |
| CASH ON CASH RETURN | 45.72% |
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 Perth 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.
