If you are looking to invest in a property in the most lucrative Airbnb locations in Australia, particularly in Adelaide, this article is for you! By considering the primary key metrics for a successful investment including average daily rates, monthly revenue, and occupancy rates in Australia, this beautiful city will definitely be a great source of passive income.
Continue reading to learn more about Airbnb rules in Adelaide and check out the profitability in this city!
Is Airbnb legal in Adelaide?
Let’s spill the beans: Yes, Airbnb is certainly legal in Adelaide! With a rough number of 2.9 million international visitors annually, this exquisite city in South Australia is popular for its many festivals, sports events, gastronomy, and more.
Adelaide is mostly visited because of its many wonderful attractions including The Art Gallery of South Australia, Adelaide Zoo, Central Market, and other tourist attractions.
Here is a little proof! As of July 2022, there are 30,334 nights available in Adelaide from Airbnb alone. Century 21 SouthCoast manages 58 listings, while Hello Host and Jessica operate 35 and 32 respectively.
How much can I make by running an Airbnb in Adelaide?
Currently, there are 1,788 Airbnb listings in Adelaide, with 66% of entire houses earning up to A$3,893 a month. The Average Occupancy Rate in Adelaide is 66% and the average daily rate is A$183. According to short-term rental market data source Airbtics, a 2-bedroom apartment in Adelaide can make up to A$52,195 each year. Want to know how much profit can you make on Airbnb? Then check out our Airbnb Profit Calculator!
What Are The Short-term Rental Accommodation Policies in Adelaide?
- According to the short-term rental accommodation bill, residential premises used for short-term holiday rental accommodation must be registered.
- An application for registration must be approved by the Commission and must be accompanied by the prescribed registration fee.
Is Adelaide A Profitable Area to Invest In?
If you’re worried about spending thousands of bucks to purchase a property, the good news is you don’t need to! Property investors and hosts prefer to do rental arbitrage in Australia since this does not require owning a property.
Based on statistical data for Adelaide, the rental population in this area is 49.54% with a steady rental yield of 5.44%.
By using an accurate short-term rental calculator, you’ll be able to confirm if Adelaide is a good place for investment! It’s important to know your estimated annual revenue and high-return investment opportunities in Adelaide – and with Airbtics, it shouldn’t be a difficult task at all!
Source: Property Investment in Adelaide
Adelaide’s Property Market 2022
According to Adelaide’s property market in 2022, the dwelling values are skyrocketing by 45%.
Despite the higher interest rates, housing values are still rising and property investors are still pouring their money in Adelaide.
Source: Adelaide’s Housing Market
Here are some of the most recommended neighborhoods that you can look into & consider purchasing based on Airbtics estimator:
| Suburbs | Price of 2bd Apartments | Average Rent Price | Average Airbnb Revenue |
|---|---|---|---|
| Glenelg | A$609,000 | A$2,998 | A$6,000 |
| North Adelaide | A$838,000 | A$2,824 | A$4,493 |
| Henley Beach | A$645,000 | A$1,955 | A$4,460 |
Source for Property Price: Properties in Adelaide
Conclusion
In general, considering the Airbnb rules & regulations in Adelaide will help your Airbnb business to run smoothly! Aside from the fact that this is a passive income for various hosts, starting an Airbnb business is also a way to enjoy life and connect with new people from all over the world. Try Airbtics now and make the wisest investment decisions!
