Annual Airbnb Revenue in Wollongong, nsw, Australia

Last updated on May 15th, 2024

Wollongong, NSW| Airbnb Market Data & Overview | Australia

Wollongong, NSW
Airbnb Market Data & Overview

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?

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Wollongong, NSW, Australia Airbnb Data

Last updated on: 15th May, 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.
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Is Airbnb Profitable in Wollongong, NSW ?

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.

Best Areas in Wollongong, NSW for Airbnb

Are you wondering where to invest in Wollongong, NSW? 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. 🚀
  1. Wollongong Botanic Garden
  2. Nan Tien Temple
  3. Wollongong Head Lighthouse
  4. Jamberoo Action Park
  5. Wollongong City Beach
  6. Kiama Blowhole
  7. Illawarra Fly Treetop Adventures
  8. Symbio Wildlife Park
  9. Sea Cliff Bridge
  10. Wollongong Science Centre and Planetarium
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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