Before you start to invest in a property in Australia, particularly in Brisbane, let’s discuss the primary key metrics that all investors need to know! Profitability should be the first consideration on your checklist and this is related to Airbnb’s key metrics. For instance, this includes considering average daily rates, monthly revenue, and occupancy rates in Australia.
In this article, we’ll be presenting the Airbnb policies and regulations, how much profit an investor can make, rental demand, and properties for rent in Brisbane Australia! Stoked to learn more? Continue reading!
Is Airbnb legal in Brisbane?
Here’s the truth: Yes, Airbnb is certainly legal in Brisbane! With a rough number of 7.3 million visitors annually, this city has one of the most impressive domestic & international visits in Australia. In addition to this, Brisbane consistently attracts more tourists to book accommodations to visit The Australia Zoo, Great Barrier Reef, Daintree Forest, and see other tourist attractions.
Here is a little proof! As of July 2022, there are 43,432 nights available in Brisbane from Airbnb alone. Lee And Dianne manages 92 listings, while Airtrip and Craig operate 46 and 38 respectively.
How much can I make by running an Airbnb in Brisbane?
Currently, there are 2,304 Airbnb listings in Brisbane, with 49% of entire houses earning up to A$3,407 a month. The Average Occupancy Rate in Brisbane is 62% and the average daily rate is A$122. According to short-term rental properties data source Airbtics, a 2-bedroom apartment in Brisbane can make up to A$84,392 each year. Check out our Short-Term Rental Income Calculator!
What Are The Short-term Rental Accommodation Policies in Brisbane?
- Before you can host STRs in your home in Brisbane, you must first apply for and receive a Short Term Rental Permit from the city council.
- Hosts have to own the home that they want to rent as an STR.
- The home intended to rent as an STR should be the permanent residence, meaning you reside there for at least 275 days out of the year.
- The home intended to rent as an STR should be a single-family home, not a multi-family home/apartment or an accessory dwelling unit/granny unit/secondary dwelling unit.
- The host has to be present on the property during the rental period; unhosted “whole home” rentals are NOT permitted.
- It is required to pay an application fee in the amount of $323 after your application has been accepted for processing.
Is Brisbane 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 Brisbane, the rental population in this area is 46.49% with a steady rental yield of 5.21%.
By using an accurate short-term rental calculator, you’ll be able to confirm if Brisbane is a good place for investment! It’s important to know your estimated annual revenue and high-return investment opportunities in Brisbane – and with Airbtics, it shouldn’t be a difficult task at all!
Source: Property Investment in Brisbane
Brisbane’s Property Market 2022
According to the latest data, Brisbane’s property market remained to be one of the highest-growth regions. In comparison to other regions in Australia, the decline in monthly growth this year is only at 0.9%.
Source: Home Price Growth for Dwellings in Brisbane
In order to properly target a profitable area, 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 |
|---|---|---|---|
| Frog's Hollow | A$445,000 (838 sq.m. apartment) | A$3,215 | A$5,214 |
| New Farm | A$599,000 (180 sq.m. apartment) | A$3,042 | A$5,315 |
| Fortitude Valley | A$400,000 (70sq.m. apartment) | A$2,716 | A$4,738 |
Source for Property Price: Brisbane Properties
Conclusion
In general, considering the Airbnb rules & regulations in Brisbane 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!
