Last updated on June 22nd, 2023
If you are looking to buy investment properties in Australia, knowing the Airbnb rules in your preferred city is the first step. It’s also important to consider the occupancy rates in Australia in order to have successful investment & long-term profitability!
In this article, we featured Airbnb regulations in Surfers Paradise along with short-term let policies, rental properties, things to consider in property investment, and more. Continue reading and learn more about the Airbnb rules in Surfers Paradise.
Is Airbnb legal in Surfers Paradise?
Don’t worry, Airbnb is legal in Surfers Paradise! This city attracts numerous tourists from all over the world because of its golden sand that’s about 3 kilometers long and its picturesque view of the sea.
Here is a little proof! As of July 2022, there are 19,886 nights available in Surfers Paradise from Airbnb alone. Danny manages 105 listings, while Jason and Tim operate 74 and 56 respectively.
How much can I make by running an Airbnb in Surfers Paradise?
Currently, there are 905 Airbnb listings in Surfers Paradise, with 80% of entire houses earning up to A$4,375 a month. The Average Occupancy Rate in Surfers Paradise is 63% and the average daily rate is A$206. According to vacation rental properties market data source Airbtics, a 2-bedroom apartment in Surfers Paradise can make up to A$78,183 each year. Want to discover how much can you make on Airbnb? Then check out our Airbnb Calculator!
Short-term Rental Policy in Surfers Paradise
- It is required to apply for a development approval if you’re not residing in the property and using your entire dwelling for short-term letting in the Gold Coast City Council.
- To obtain a business licence and market a property as tourist accommodation, the property’s zoning must list tourist accommodation or temporary accommodation as a permitted use. Properties with residential zoning may not be marketed as available to tourists, for any length of time.
- It is also necessary to give consideration to registered covenants that may affect a property. Development, rental pool and other covenants may place restrictions and obligations on property use.
Rental Demand in Surfers Paradise
There are many hosts who are doing rental arbitrage in Australia as it does not require you to own a property. Based on the rental demand data in Surfers Paradise, investments are rising due to the demand, and more home loans are being financed for investors.
Source: Surfers Paradise, Gold Coast Rental Data
Property Investment in Surfers Paradise
If you are looking to start an Airbnb business in Australia, particularly in Surfers Paradise, you have to consider which areas are the most profitable. Whether it is located in the city centre or in the countryside, knowing your estimated annual revenue and high-return investment opportunities is important. Using an accurate short-term rental calculator, it shouldn’t be a difficult task at all!
Rental Properties in Surfers Paradise
Once you have decided to buy a property, you have to consider the average price, population, nearby landmarks or attractions, and rental yields to expect – among the rest. It could be a challenge to find rented properties in Surfers Paradise, so here are some of the most recommended areas that you can look into & consider purchasing:
| Area | Average House Price | Average Rent Price (pcm) | Average Airbnb Revenue |
|---|---|---|---|
| Chevron Island | A$495,000 | A$1,800 | A$6,631 |
| Macintosh Island | A$995,000 | A$2,900 | A$5,258 |
| Golden Coast Beach | A$790,000 | A$2,680 | A$4,261 |
Conclusion
In my personal opinion, the biggest advantage of running a short-term rental is high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15-30% gross rental yields, and 10-20% net. It’s also fun to do!
