Investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rentals typically is double the amount of traditional rentals. The true profit from home investing comes from capital appreciation and cash flow from your rental. Between 1850 and 2015, globally, the average home value appreciated at 5.5% annually. If your short-term rental yields 3% of your total initial investment, your investment’s annual return is 8.5% before taxes are considered. Without further ado, let’s see if Griffith, Canberra ACT is good for Airbnb.
Yes, it’s profitable to Airbnb because the average net rental yield for a one-bedroom property is 7.1%.
The national median net short-term rental yield is 5.4% in the Australia. For more context, a traditional rental can typically yield 2-4% if you don’t have to pay a mortgage interest. A typical 1 bedroom listing in Griffith, Canberra ACT is booked for 303 nights a year, with a median occupancy rate of 83% and an average daily rate of $92. In Griffith, Canberra ACT, A typical host income (annual revenue) was $28,632 in 2023.
Best Areas in Griffith, Canberra ACT for Airbnb
Are you wondering where to invest in Griffith, Canberra ACT? Look no further! Here are 10 areas travelers often search for. You can find the short-term rental statistics of all of these neighborhoods from Airbtics! Check out which neighborhood has the highest rental demand. 🚀
National Gallery of Australia
Australian War Memorial
Parliament House
National Museum of Australia
National Arboretum Canberra
Lake Burley Griffin
Australian National Botanic Gardens
Telstra Tower
Mount Ainslie
Australian National University
Okay, you might wonder about more specific data. For example, how much can an average listing with 2 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month?
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