Last updated on April 18th, 2024
Wollongong, NSW| Airbnb Market Data & Overview | Australia
Wollongong, NSW
Airbnb Market Data & Overview
Australia
Is it profitable to do Airbnb in Wollongong, NSW, Australia?
What is the occupancy rate of Airbnb in Wollongong, NSW,
Australia?
What is the average daily rate of Airbnb in Wollongong, NSW,
Australia?
Wollongong, NSW, Australia Airbnb Data
Last updated on: 15th April, 2024
Australia / Wollongong, NSW
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
Wollongong, NSW is good for Airbnb.
No, it’s not profitable to Airbnb
because the average net rental yield for a
one-bedroom property is
3.9%.
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 Wollongong, NSW is booked for
270 nights a year, with a median
occupancy rate of 74% and an average
daily rate of $119. In Wollongong, NSW, A typical
host income (annual revenue) was
$33,220 in 2023.
Okay, you might wonder about more specific data. 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 short-term rental data for free.
