Last updated on June 21st, 2023
airbnb property for sale Sydney City Centre
Sydney is a vibrant city known for its harbor and beautiful coastlines. Of course, the iconic Opera House with its towering sail structure is a historical landmark in Australia. The cultural life of Sydney, Australia is dynamic and many of the individual cultures that make up the Sydney mosaic are centered on the cultural, artistic, ethnic, linguistic, and religious communities formed by waves of immigration.
If you are looking to invest in a property where you can maximize profitability in a particular region, then it’s certainly a must to consider the major things when buying a property for Airbnb. For instance, this includes confirming whether it’s legal to operate according to Airbnb rules in Sydney.
Purchasing a property for Airbnb may not be ideal for investors with a limited budget, therefore, Airbnb rental arbitrage in Sydney is another option. In this article, we’ll discuss the important Airbnb metrics in order to gauge the best property investment in Sydney, Australia. This includes the best website recommendations for property investment, along with each property’s gross rental yield, cash-on-cash return, and annual revenue.
An average Airbnb host in Sydney can earn A$3,374 per month for a 1 bed / 1 bath apartment (condo) with an average daily rate of A$267, according to Airbnb occupancy rates in Australia. While there are plenty of houses for sale in Sydney, we carefully filtered the properties that will generate profit for Airbnb!
Is Property Investment Profitable Sydney City Centre?
Australia is currently ranked as the top short-term rental market in Oceania with an impressive occupancy rate of 56%. Using an Airbnb calculator, it was discovered that a 3-bedroom apartment in Sydney City Centre can generate an annual revenue of A$179,148 with a steady occupancy rate of 66% and a nightly rate of A$839.
airbnb property for sale Sydney City Centre
Profitable Properties for Sale in Sydney City Centre
Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. It’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage.
At the same time, it’s even better when a property investor like you conducts research about predicted growths and market forecasts. Here are some of the profitable properties in Sydney City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
1B/687 Pacific Highway, Belmont, NSW 2280
1. Studio-type Property for Sale Sydney
1.77 km to Belmont High School
Asking Price: A$169,000
| GROSS RENTAL YIELD | 22.75% |
| ANNUAL REVENUE | A$38,448 |
| CASH ON CASH RETURN | 42.48% |
2024/185-211 Broadway, Ultimo, NSW 2007
2. 1-Bedroom Property for Sale Sydney
0.27 km to International Grammar School
Asking Price: A$129,000
| GROSS RENTAL YIELD | 28.22% |
| ANNUAL REVENUE | A$36,406 |
| CASH ON CASH RETURN | 58.90% |
2475 Lake Woodberry Cir, Brandon, FL 33510
3. 2-Bedroom Property for Sale Sydney
0.5 miles to Schmidt Elementary School
Asking Price: A$220,000
| GROSS RENTAL YIELD | 25.76% |
| ANNUAL REVENUE | A$56,665 |
| CASH ON CASH RETURN | 51.50% |
3503 Diamond Leaf Ct, Valrico, FL 33594
4. 3-Bedroom Property for Sale Sydney
2.2 miles to Mulrenan Middle School
Asking Price: A$349,900
| GROSS RENTAL YIELD | 25.32% |
| ANNUAL REVENUE | A$88,606 |
| CASH ON CASH RETURN | 50.20% |
11645 Saw Palmetto Lane, Riverview, FL 33569
5. 4-Bedroom Property for Sale Sydney
1.8 miles to Rodgers Middle School
Asking Price: A$413,990
| GROSS RENTAL YIELD | 25.16% |
| ANNUAL REVENUE | A$104,149 |
| CASH ON CASH RETURN | 49.70% |
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 Sydney 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.
