fbpx
Categories
Airbnb Investment All About Airbnb

Best Suburbs to Invest in Central Coast: Gauging Airbnb Profitability

Last updated on November 17th, 2023

Find out the best suburbs to invest in Central Coast! In this article, we provide an overview of the most desirable suburban areas to consider when making an investment decision.

Best Suburbs to Invest in Central Coast: Gauging Airbnb Profitability

best suburbs to invest in Central Coast

Best Suburbs to Invest in Central Coast: Gauging Airbnb Profitability

Find out the best suburbs to invest in Central Coast! In this article, we provide an overview of the most desirable suburban areas to consider when making an investment decision.

Best Suburbs to Invest in Central Coast: Gauging Airbnb Profitability

Key Takeaways

  • Central Coast’s strong economic growth, solid rental demand, and strategic location make it a great choice for property investors looking to generate a steady income stream by renting out their properties.
  • Explore the most profitable suburban areas for real estate investments in Central Coast, complemented with essential Airbnb statistics for each location.
  • Airbnb hosts in Central Coast have the potential to generate an annual income of A$67,594 with a 73% occupancy rate for a 2-bedroom property.

Unveiling Central Coast’s Top Suburbs for Lucrative Property Investments

With a stunning location in the north of Sydney on the east coast of Australia, the Central Coast is widely known for its picturesque beaches, striking coastal landscapes and diverse natural environment. The region also encompasses vibrant urban areas and communities that offer a wide range of services and amenities.

In recent years, the Central Coast has been experiencing steady economic growth and significant development in infrastructure and revitalization projects. These factors, coupled with the solid tourist market, have attracted the attention of real estate investors looking for prosperous markets to set up rental properties. Thus, it should come as no surprise that the region is considered one of the prime areas to invest in short-term rentals in Australia.

Want to discover which suburbs in Central Coast offer excellent investment prospects for rental properties? In this article, you’ll find the best suburbs to invest in Central Coast and what you can expect when considering real estate investments in the region. Keep reading to uncover further insights!

Central Coast Real Estate Market: Why should you consider investing in this region?

It is a given fact that Central Coast is an eye-catching location, not only for travelers looking to venture into fantastic natural areas but also for investors looking to earn a steady rental income. But before taking any further steps, make sure to check out some of the major reasons why an investment property in Central Coast can become a nice source of income: 

  • STRONG RENTAL MARKET

Situated just an hour north of Sydney on the east coast, the Central Coast enjoys an ideal location, drawing tourists and the workforce of Sydney alike. 

With stunning beaches, parks, and abundant outdoor activities, the region is a sought-after destination in Australia. 

In fact, the region welcomed around 5.7M domestic visitors as of March 2023, according to Destination NSW report! Thus, there is a high influx of overnight visitors, making the Central Coast rental market visibly strong with its high demand for holiday accommodation.

  • BOOMING REAL ESTATE MARKET

Another reason to consider investing in real estate on the Central Coast is the housing affordability. Property prices in the Central Coast tend to be more affordable than in Sydney, offering investment potential with the opportunity for future growth. 

Plus, the region also provides a strong demand for rental properties. Hence, there are ongoing opportunities for rental investments, given the constant need for housing.

  • POSITIVE ECONOMIC GROWTH

The Central Coast enjoys a diverse economy, with sectors like tourism, construction, healthcare, retail, and manufacturing driving its growth. With a growing local economy, the Gross Regional Product is estimated at $17.52B, representing 2.64% of the state’s GSP.

While many residents take advantage of the proximity to Sydney to commute to work, Central Coast still offers a varied job market with enticing employment prospects. 

  • FRIENDLY COMMUNITIES & LAIDBACK LIFESTYLE

In contrast to a bustling metropolis like Sydney, Central Coast offers a peaceful and laid-back lifestyle. The result is a higher quality of life with reduced hustle and traffic congestion that can save you headaches. As a bonus, you will live in a warm and inclusive community. 

But don’t let the peaceful atmosphere of Central Coast fool you because the region boasts an array of conveniences. It features top-notch hospitals, modern shopping centers, excellent educational institutions, and a wide array of entertainment, dining, and retail choices.

  • STUNNING COASTAL SCENERY WITH PLENTY OF THINGS TO DO

Are you an outdoor lover? If the answer is yes, then you can think of the Central Coast as a small piece of paradise in Australia! The region is renowned for its sandy beaches, breathtaking coastal vistas, and rich biodiversity. With numerous national parks and nature reserves, it is a hot spot for outdoor enthusiasts, from surfers to hikers, anglers, and boaters.

Moreover, the region boasts enticing attractions like the Australian Reptile Park, Bouddi National Park, The Entrance Pelican Feeding and Marine Park, plus various wineries and vineyards.

Is Airbnb Profitable on the Central Coast?

Wondering if the Central Coast would generate a positive cash flow with rental properties? Don’t worry too much because Airbtics confirms that many cities in the region can help you obtain a nice income stream!

Let’s take a quick look at the Central Coast’s Airbnb potential – According to Airbtics’ free Airbnb calculator data, an Airbnb host can obtain annual revenue of A$67,594 with a steady occupancy rate of 73% for operating a 2-bedroom property in Central Coast. 

Aside from gauging the level of profitability that the Central Coast can generate, there are a few more things to consider as the revenue will vary depending on factors like the number of bedrooms your property has and where it is located.

Central Coast Investment Property: Top locations to set a short-term lease

Prior to making any hasty decisions, it’s essential to conduct a thorough analysis of Airbnb data to identify the most suitable locations to set up a short-term rental to ensure its success. This is due to the fact that the return on vacation rentals will vary depending on the location, as they’ll generate varying levels of revenue.

Go ahead and check out the best suburbs to invest in Central Coast and are highly recommended for setting up an Airbnb property:

airbtics-logo-300x87
Location Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Bateau Bay 77 4 bedrooms A$1,100,000 (4 BR) A$172,820 15.72%
The Entrance 152 3 bedrooms A$850,000 (3 BR) A$79,816 9.39%
Copacabana 106 3 bedrooms A$1,305,000 (3 BR) A$73,404 5.62%
Terrigal 232 2 bedrooms A$875,000 (2 BR) A$69,594 7.95%
Avoca Beach 178 2 bedrooms A$490,000 (2 BR) A$61,776 12.61%
Umina Beach 111 2 bedrooms A$703,550 (2 BR) A$60,788 8.64 %

Location

Airbnb Dataset

  • Total Airbnb Listings: 77
  • Best Number of Bedrooms: 4 bedrooms
  • Median Property Price (4 bedrooms): A$1,100,000
  • Airbnb Annual Revenue: A$172,820
  • Gross Rental Yield: 15.72%
  • Total Airbnb Listings: 152
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$850,000
  • Airbnb Annual Revenue: A$79,816
  • Gross Rental Yield: 9.39%
  • Total Airbnb Listings: 106
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$1,305,000
  • Airbnb Annual Revenue: A$73,404
  • Gross Rental Yield: 5.62%
  • Total Airbnb Listings: 232
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$875,000
  • Airbnb Annual Revenue: A$69,594
  • Gross Rental Yield: 7.95%
  • Total Airbnb Listings: 178
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$490,000
  • Airbnb Annual Revenue: A$61,776
  • Gross Rental Yield: 12.61%
  • Total Airbnb Listings: 111
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$703,550
  • Airbnb Annual Revenue: A$60,788
  • Gross Rental Yield: 8.64%
Explore More Profitable Locations in Central Coast!

Tips and Insights on How to Find High-Yield Rental Markets for Airbnb

Identifying promising rental markets can be a time-consuming endeavor. That’s why it’s wise to leverage advanced resources available to property investors to hasten this process.

Additionally, you should consider delving into real estate forums and conducting thorough research on search engines to discover which locations are piquing significant interest among investors. This approach will allow you to sort your list and gain a clear understanding of the cities that are worthy of your focus. Plus, we encourage investors like you to utilize analytical tools to identify lucrative Airbnb markets, especially those that can provide dynamic data.

Airbtics Dashboard allows users to explore a city and gain valuable insights to simplify their investment research. This dashboard provides users with precise data sets that showcase metrics such as average revenue, occupancy, nightly rates, seasonality, and more.

But don’t take just our word for it, go ahead and take a look at Simon, a satisfied Airbtics customer, who ventured into a new Airbnb market, ultimately achieving higher profitability than his previous one!

Australia Airbnb

Sometimes, your desired location might not show up in the search results, but there’s no need to fret! You can easily create your own custom market.

Now that you have a clearer perspective of your target market, feel free to experiment with the filters to identify the results that fit your needs. You can use filters to find out what type of property offers the most appealing profit in your chosen area. 

One of the greatest advantages of dynamic data is the fact that by moving and zooming in and out of your map, the data will also change accordingly.

You can repeat this process as often as you need to figure out which type of property makes a sound investment choice in your target area. By comparing data across various property types, you can pinpoint the option that aligns best with your preferences and goals.

Central Coast Real Estate: Maximizing Your Investment Potential with Data-Driven Insights

Central Coast’s real estate market presents a wealth of investment prospects for real estate enthusiasts, given its strong rental market and positive economic growth. However, in the midst of numerous promising areas that promise robust rental returns and annual earnings, we strongly advise a comprehensive exploration of all available choices to prevent missing out on superior prospects.

To launch your rental venture on the Central Coast, the initial and crucial step is to identify the optimal suburbs for investment. Now, it’s time to elevate your research by leveraging state-of-the-art analytical tools such as Airbtics. These tools will empower you to make informed, data-driven investment decisions, ultimately enabling you to optimize your return on investment.

 

Pro Book
Deeper STR Insights. Broader Investment Opportunities.

Want to go deeper, broader, and faster? Supercharge your Airbnb Investment by accessing the most in-depth Airbnb & real estate insights with our exclusive STR report.

Find a profitable
investment property
Use powerful analytics to discover lucrative & traditional Airbnb properties within minutes.
Search

Find a profitable
investment property
Use powerful analytics to discover lucrative & traditional Airbnb properties within minutes.
Search

  • Quick Links

Keep Reading

airbnb property for sale Kent City Center WA
Investing in Property for Sale: How to Buy A Profitable Property for Airbnb in Kent City Center

Last updated on June 21st, 2023airbnb property for sale Kent City Center WA Vastly known as the cultural center in Washington, Kent City has a …

Read More →
airbnb property for sale Dorset
Investing in Property for Sale: How to Buy A Profitable Beachfront Property for Airbnb in Dorset

Last updated on June 21st, 2023Owning a beachfront property is a dream for the majority of people. If you are eager to make this come …

Read More →
Oxford airbnb rules
Airbnb Rules in Oxford

Last updated on June 22nd, 2023If you are looking to buy investment properties in the UK, knowing the Airbnb rules in your preferred city is …

Read More →
Cornwall airbnb rules
Cornwall Airbnb Rules

Last updated on August 9th, 2023Cornwall Airbnb Rules is a complete guide that will provide you with an overview of the guidelines and get you …

Read More →
airbnb property investment Gulf Shores
Gulf Shores Beach Homes for Sale: Is it a lucrative city for Abnb Property Investment?

Last updated on June 21st, 2023airbnb property investment Gulf Shores Looking to invest in one of Alabama’s fascinating beach areas? Gulf Shores could just be …

Read More →
Alertas a tener en cuenta cuando alquilas en Airbnb (Huéspedes sin evaluaciones)

Last updated on June 26th, 2023Tabla de Contenido Add a header to begin generating the table of contents Ser anfitrión de Airbnb nunca fue una …

Read More →

Shares

Airbnb Data
Airbnb Data

Join The Club!

Get a free weekly
Data-DRIVEN REPORT

will only send you value bombs

ARE YOU IN?

Get Access to our weekly data-driven airbnb report!