Is it profitable to do Airbnb in Richmond Valley - Coastal, Australia?
What is the occupancy rate of Airbnb in Richmond Valley - Coastal, Australia?
What is the average daily rate of Airbnb in Richmond Valley - Coastal, Australia?
Australia / Richmond Valley - Coastal
Richmond Valley - Coastal, Airbnb Market Statistics & Data, Australia
A typical short-term rental listing in Richmond Valley - Coastal is booked for 237 nights a year, with a median occupancy rate of 65% and an average daily rate of AU$390. In 2023, a typical host income (annual revenue) was AU$88K. As of 12th September, 2024, there are 2,857 active Airbnb listings.
Average Revenue: AU$88K/yr
Occupancy Rate
65%
Avg Daily Rate
AU$390
Upscale
No. of Listings
3,749
Medium
YoY Revenue Change
8.32%
Best Month
January
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
AU$5,356
Average
AU$6,891
High
AU$9,162
Is Airbnb Profitable in Richmond Valley - Coastal?
Yes, there is good short-term rental demand. A 65% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Tip! 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 rental investment typically is double the amount of traditional rentals.
Starting an Airbnb in Richmond Valley - Coastal
Short-term rental regulation is lenient in Richmond Valley - Coastal. Very few Airbnb listing currently have put their license number on their Airbnb listing. This likely means the local government is not strictly enforcing the short-term rental-related regulations.
We made a guide on things you need to know before starting an Airbnb in Australia, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Richmond Valley - Coastal
A typical listing recorded a 65% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 9.12% of the guests are international guests, and visitors from Australia is the largest group. Learn more about guest origin!.
You can find the distribution graph of daily rate and revenue in our market dashboard.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 65%
2,857 Active Listings
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Explore Richmond Valley - Coastal's Airbnb Data ⟶
Best Areas in Richmond Valley - Coastal for Airbnb
Are you wondering where to invest in Richmond Valley - Coastal? Look no further!
Top demand Airbnb in Richmond Valley - Coastal
Airbtics has been tracking all Airbnb listings since 2019. This allows us to understand interesting metrics, like which properties earn the most in the market. Here are our top picks. Go to the app to find detailed information about 2,857 listings.
See 2,857 listing Statistics
Professional Short-term rental property managers in Richmond Valley - Coastal
We've compiled a list of host profiles that manage the most Airbnb properties in Richmond Valley - Coastal. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Richmond Valley - Coastal
Here is a breakdown of short-let properties in Richmond Valley - Coastal. You might wonder about more specific data before buying an Airbnb property. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
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