Is it profitable to do Airbnb in Wyong, Australia?
What is the occupancy rate of Airbnb in Wyong, Australia?
What is the average daily rate of Airbnb in Wyong, Australia?
Australia / Wyong
Wyong, Airbnb Market Statistics & Data, Australia
A typical short-term rental listing in Wyong is booked for 186 nights a year, with a median occupancy rate of 51% and an average daily rate of AU$349. In 2023, a typical host income (annual revenue) was AU$61K. As of 12th September, 2024, there are 781 active Airbnb listings.
Average Revenue: AU$61K/yr
Occupancy Rate
51%
Avg Daily Rate
AU$349
Upscale
No. of Listings
925
Small
YoY Revenue Change
13.42%
Best Month
January
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
AU$3,452
Average
AU$4,945
High
AU$8,881
Is Airbnb Profitable in Wyong?
Yes, there is good short-term rental demand. A 51% 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 Wyong
Short-term rental regulation is lenient in Wyong. 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 Wyong
A typical listing recorded a 51% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 10.02% 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: 51%
781 Active Listings
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Explore Wyong's Airbnb Data ⟶
Best Areas in Wyong for Airbnb
Are you wondering where to invest in Wyong? Look no further!
Top demand Airbnb in Wyong
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 781 listings.
See 781 listing Statistics
Professional Short-term rental property managers in Wyong
We've compiled a list of host profiles that manage the most Airbnb properties in Wyong. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Wyong
Here is a breakdown of short-let properties in Wyong. 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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