• Hobart’s stable economic background, affordable cost of living, attractive rental yields and thriving tourism sector have allowed property owners to generate a nice passive income through rental properties.
• Explore the top 10 profitable suburbs for real estate investments around Hobart, along with relevant Airbnb metrics for each area.
• Airbnb hosts can potentially earn an annual revenue of A$95,675 with an occupancy rate of 88% for a 2-bedroom property in Hobart as confirmed by Airbtics’ free Airbnb calculator. 

Hobart’s Top Airbnb Suburbs: Where to Find the Best Opportunities

Nestled in the island state of Tasmania, Australia along the estuary of the River Derwent, it’s Hobart, the Tasmanian financial and administrative hub. This port city is known for its breathtaking natural landscapes where you can appreciate an imposing skyline dominated by the Kunanyi/Mt Wellington. Hobart also features a unique historical charm and laid-back lifestyle that is appealing to many.

The Tasmanian state capital attracts a great influx of overnight visitors annually, allowing the area to generate a consistent demand for rental properties. This not only makes Hobart a top rental market in Tasmania but also one of the most profitable cities to invest in Airbnb in Australia!

Wondering which suburbs in Hobart offer the best investment opportunities for short-term stays? Here, we unveil the best suburbs to invest in Airbnb in Hobart and what expectations to have for real estate investments here. Continue reading to learn more.

Why should you consider buying an investment property in Hobart?

Tasmanian cities are an interesting market to invest in from the perspective of property investors if we consider the many advantages it offers. Check out some of the major reasons why rental properties in Tasmania can be a profitable idea: 

• Booming real estate market

Hobart has experienced steady growth in its real estate market for a while now. Demand for property has been on the rise, resulting in an increase in prices as well as higher investment returns. Tasmania’s population is projected to continue to grow over the next few years, which will continue to drive demand for housing.

Although property prices have skyrocketed, Hobart remains an affordable option compared to other major cities in Australia, such as Sydney or Melbourne. This means you can find properties at relatively lower prices, which increases your chances of solid investment returns. The average price in Hobart property market is A$817,500.

• Solid rental market

If you’re looking to invest in rental properties in Hobart, you have an eye for profitable locations! The demand for rentals in Hobart is high as the city is packed with students and young professionals who want to live in a peaceful and attractive area. Thus, renting a place in Hobart can be a great way to make passive income.

Moreover, it should be known that Hobart also has a high investment potential if you’re looking to cater to tourist or student accommodations. The city is home to renowned educational institutions that attract many students. Hobart also features a booming tourism industry and welcomes a high flow of visitors, which increases the demand for short-term stays. This can be an excellent opportunity to invest in property and take advantage of the growing tourism & student sector.

• Stable & diverse economy

Overall, the Tasmanian economy has performed exceptionally well in the last few years. In fact, it was recognized as one of the top-performing economies in Australia according to CommSec. As the state capital, Hobart is a major contributor the the GSP.

Hobart enjoys a stable economy, encompassing a variety of industries, ranging from tourism and agriculture to manufacturing and education, as well as government services, which all contribute to the city’s economic prosperity. 

• Great living conditions

Hobart is known for being a great place to live in Australia for many reasons. It’s a safe and friendly city with a laid-back atmosphere. Plus, there’s less traffic and a lower population density than other major metropolitan areas in Australia. Additionally, Hobart has excellent educational institutions, including the University of Tasmania. This opens the doors for higher education and academic development opportunities!

• There’s no lack of leisure options

If you’re eager to explore the picturesque island of Tasmania, then Hobart is a perfect starting point! The city sits in a stunning natural environment, being surrounded by mountains, such as Mt Wellington and also overlooks the Derwent River, one of Australia’s most striking rivers. There’s a wealth of natural areas to explore, such as national parks like Wineglass Bay National Park, dazzling beaches and a variety of walking and hiking paths.

Despite its small size, Hobart is home to a vibrant cultural and artistic scene. It’s renowned for its international festivals such as the iconic MONA FOMA arts festival. The city also boasts sites of interest, with a variety of art galleries, museums, theatres and live music facilities.

Is Airbnb Profitable in Hobart?

Wondering whether Airbnb investments in Hobart are worth your time and money? Allow us to confirm that they are indeed worth it! In fact, Hobart owns the first place in the rank of best places to invest in Airbnb in Tasmania!

Let’s have a glimpse of Hobart’s Airbnb market – According to Airbtics’ free Airbnb calculator data, an Airbnb host can obtain annual revenue of A$95,675 with a steady occupancy rate of 88% for operating a 2-bedroom property in the Tasmanian capital. 

• Sudbury, Ontario’s stable economy, low cost of living and reasonably priced real estate market have allowed Airbnb hosts to establish a consistent source of income by catering to short-term rental accommodations.
• Utilizing the Airbtics Tool, we have pinpointed Sudbury, Ontario’s top 5 neighborhoods that present attractive prospects for real estate investments. Furthermore, we provide vital Airbnb statistics and property type recommendations for your consideration.

Discover the Ideal Investment: Rental Properties in Sudbury, Ontario’s Thriving Market

The largest city in Northern Ontario, Grand Sudbury, is nestled around many small, rocky mountains and lakes, allowing this destination to feature a striking natural beauty. Sudbury is known for its rich history in the mining industry, which is where it got the nickname “Nickel City”. As of today, the city stands out not only for its scenic landscape but also for its thriving economic situation as it has become a center of scientific and technological development.

Sudbury has evolved into an attractive destination to live and visit, boasting a diverse economy, a flourishing arts and culture scene, and a superb quality of life. Moreover, it has also become an appealing place to invest in real estate. In fact, Sudbury, Ontario is recognized as one of the top Canadian cities for Airbnb investment.

If you’re contemplating where to invest in rental properties in Sudbury, Ontario, this article is a must-read! We reveal the best areas for short-term rentals in Sudbury. Additionally, we’ve included some insights about the city that property investors should know before entering the real estate market.

Why Should You Consider Investing in the Sudbury Rental Market?

Sudbury is a growing city that’s attracting people from all walks of life. If you’re thinking about investing in an income property that can make you a stable cash flow, then Nickel City is an ideal choice. 

There are many reasons to buy an investment property in Sudbury, ON, but here are the top reasons:

• Sudbury’s housing market: Affordable with a steady demand

The demand for housing in Sudbury has been steadily increasing due to the increasing population and the attractive economic and quality of life factors. As a result, real estate investment can provide a consistent source of income through rental properties. Moreover, Sudbury’s real estate market is more affordable than other major cities in Ontario, like Toronto. With relatively cheap prices, it’s easier for investors to get into the market with a friendly budget. The average house price in Sudbury is C$465K as of September 2023.

• Stable economy with a solid job market

With a rich industrial history, the mining sector remains a major contributor to Sudbury’s economy, offering stability and plenty of job opportunities. However, many other sectors have thrived in Sudbury, which allows it to enjoy a more diversified economy, making it less susceptible to economic fluctuations. 

Some key industries that stand as driving forces for Sudbury’s economy are tourism, research & innovation, cleantech & environmental and healthcare, among others.

• Superb living conditions

Sudbury is a great place to live, with lots of high-quality amenities and great things to do and see. The city offers excellent healthcare, a great public transportation system, different housing options, and numerous stores and restaurants. With low crime rates and a quiet environment, Sudbury ensures a comfortable life for residents. Plus, it’s also home to some great universities, like Laurentian University, Cambrian College and Collège Boréal.

Moreover, Nickel City is always looking for ways to make its infrastructure better. This includes things like road expansion projects, downtown development, and upgrades to utilities. These factors can have a positive impact on real estate since they can help boost property values in the long run.

• Nickel City: Rich industrial history & striking scenic beauty

The Nickel City is a destination that never fails to surprise and impress visitors with its outdoor and indoor attractions. 

Surrounded by breathtaking natural beauty, Sudbury features plenty of lakes, forests and parks to enjoy the great outdoors. Both residents and visitors have access to amazing outdoor activities such as hiking, biking, fishing and boating, allowing them to enjoy an active and healthy lifestyle. Ramsey Lake, located in the center of the city, is a popular destination for water activities!

Sudbury also has a thriving arts and cultural scene. To name a few sites, the Sudbury Theatre Centre presents high-quality theatrical productions, while the Science North Arts Centre offers interactive exhibits that combine science and fun for all ages. Additionally, the city hosts a variety of festivals and events throughout the year such as the Sudbury International Film Festival, and the Ribfest Festival, among others. This allows residents and visitors to enjoy a wealth of entertainment!

Is Airbnb Profitable in the City of Greater Sudbury?

Sudbury is an ideal location for those seeking to invest in an Airbnb property, as the city offers a range of attractive business opportunities, as well as a potential for a good return on investment.

Let’s take a look at a general overview of Sudbury Airbnb Market – Airbtics’ free Airbnb calculator indicates that an Airbnb host in Sudbury, Ontario can expect to generate up to C$37,259 in revenue for managing a 3-bedroom property, with an occupancy rate of 71%. 

• London, Ontario’s growing economy, strategic location and relatively budget-friendly real estate market, have helped Airbnb hosts to generate a steady income stream by operating rental properties.
• With the help of the Airbtics Tool, we’ve identified the top 8 neighborhoods in London, Ontario that offer enticing real estate investment opportunities. As a plus, we also mention crucial Airbnb metrics and recommendations of property types.

Discover Where to Invest in London, Ontario: Top Areas and Key Insights for Investors

Situated in southwestern Ontario along the confluence of the Thames River, London is a city known for its warm and welcoming atmosphere. Nicknamed the Forest City, London is recognized for its beautiful green spaces, parks and natural areas but also for its modern and vibrant environment. London has a little bit of everything! 

While London is particularly appealing to nature enthusiasts because of its beautiful natural spaces, it has also become a magnet for investors. This is mainly thanks to its thriving economy, stable real estate market, and growing rental market. In fact, London, Ontario is ranked among the top Airbnb cities in Canada to invest in.

Are you wondering where to invest in rental properties in London, Ontario? Then you should keep reading this article because we unveil the prime areas for buy-to-let investments in London. Furthermore, we also added some key reasons that property investors should know about the city before investing in the real estate market.

Main Reasons to Purchase an Investment Property in London, ON

London has become a thriving modern community that is drawing the attention of people who are looking for a place to live, study, work, or invest in. If you’re considering owning an income property that generates good annual earnings and are interested in London, Ontario, then you’re targeting the right market. But first things first: Let’s find out some of the advantages of investing in rental units in London, Ontario.

Go ahead and check out some reasons why investing in the London, ON housing market is a great idea:

• Real estate market: Diverse and relatively affordable

London, Ontario has shown consistent stability and growth in the real estate market. Over the years, there has been a gradual increase in property prices, however, the city is still affordable compared to other parts of southern Ontario like Toronto and Hamilton. Currently, the average house price in London, ON is C$663,663. 

In addition, there’s a steady population growth in London thanks to its growing economy and renowned educational institutions like the University of Western Ontario and Fanshawe College. This creates a consistent demand for rental housing, especially for student housing. Hence, this guarantees a positive income stream and the potential for attractive returns.

• Thriving economy

While London suffered an economic crisis in 2009, in recent years, it has been experiencing positive economic growth. With a diversified and thriving economy, driven by sectors such as manufacturing, technology & IT, research, healthcare and financial services, the city offers a wide range of job opportunities. Moreover, it’s home to large companies such as Brose, Hyundai, and Sodecia, among others.

Thanks to the factors mentioned above, the city has a relatively low unemployment rate and provides an adequate environment for growth and stability. 

• Excellent living conditions

With a friendly and diverse community where it’s easy to make connections and feel at home as well as a wide variety of amenities & services, London is a city that provides an excellent quality of life and a reliable transportation system. There are plenty of restaurants, stores, theaters, art galleries and a shopping mall, which makes the city an attractive place to live or visit.

London owns a strategic location since it’s near major urban centers like Toronto and Detroit. This opens the doors to enjoying and taking advantage of the benefits of living in a smaller city while having access to the amenities and opportunities offered by nearby metropolitan areas.

Moreover, London is also known for its excellent educational institutions that offer quality academic programs and research opportunities. For this reason, London has become an attractive place for students and scholars.

•  There’s something for everyone in the Forest City 

When we say that London, ON has it all, we are not lying! The city is home to a wide array of recreational facilities and green spaces. There are over 490 parks and around 330km of walking and outdoor sports trails. This is truly a paradise for nature lovers as they can easily engage in activities like camping, hiking, kayaking, cycling and more!

On the other hand, the city is also recognized for its historical background and cultural heritage. London is home to the Museum of London and the Museum of Western Ontario Archaeology, which are popular places if you want to learn about local history and indigenous culture. Moreover, the city hosts plenty of festivals and cultural events throughout the year. So, there’s no room for boredom because you’ll always find something to do in the Forest City!

Is Airbnb Profitable in London, ON?

If you’re looking to invest in a property in London, Ontario, you can rest easy knowing that the city can provide you with attractive Airbnb business opportunities and a great return on your investment. As a matter of fact, London is one of the best places to Airbnb in Ontario!

Let’s have a closer look at London’s STR market – According to Airbtics’ free Airbnb income calculator an Airbnb host can earn up to C$26,335 with a median occupancy rate of 64% for managing a 2-bedroom apartment in London, ON. 

• Kingston’s thriving economy, affordable real estate market, and outstanding quality of life have allowed a great number of Airbnb hosts and investors to generate a substantial rental income from their properties
• Utilizing the Airbtics Tool, we’ve discovered the top 7 areas in Kingston that present enticing investment opportunities. Additionally, we provide essential Airbnb metrics and suggestions regarding property types.
• An Airbnb host can earn up to C$67,289 with a median occupancy rate of 75% for a 2-bedroom apartment in Kingston, ON.

Discovering Prime Opportunities: Buy-to-Let Investments in Kingston

Nestled on the northeastern end of Lake Ontario, we can find the charming city of Kingston, also known as “Limestone City”. This destination is highly known for its scenic beauty and historical richness as well as for being the economic and cultural hub of the Frontenac County region.

Kingston is truly a captivating city that, especially for history lovers due to its outstanding historical background. But in recent times it has also captured the eye of investors because of its demographic and economic growth, real estate affordability and strong rental market. Moreover, the city is one of the top 20 locations in Canada to invest in, according to Site Selection Magazine.

However, before you begin this venture, it’s crucial to set smart strategies and leverage Airbnb research tools and identify the most promising neighborhoods to ensure the success of your rental property.

In this blog post, we reveal the top areas for buy-to-let investments in Kingston. Additionally, we mention some essential benefits that real estate investors should take into account when contemplating investments in Kingston!

Why should you consider investing in the real estate market of Kingston, ON?

If you’re looking to own a rental property in Kingston, you’re in luck. Not only do you get to enjoy some of Canada’s most beautiful scenery, but you’re also on the cusp of achieving financial independence thanks to Kingston’s ranking as one of the best cities in Canada to invest in Airbnb. Still, you may be asking, “What are the advantages of investing in Kingston’s real estate market?”

Check out some reasons why investing in rental units in Kingston is a great idea:

• Booming real estate market

In recent years, Kingston has stood as a thriving and growing city, drawing in both current residents and newcomers. The strong demand for housing makes real estate investment an appealing choice. In addition, the city is home to prestigious educational institutions that draw students and professors, ensuring a consistent need for rental housing, especially for student accommodations.

And while Kingston is an up-and-coming city, the cost of living is relatively affordable compared to other major Canadian cities such as Toronto or Vancouver. This makes it more accessible for investors to get reasonably priced properties and earn a potentially high return. Currently, the average house price in Kingston is C$613K.

• Balanced economy

Kingston is a city with a strong, stable and diversified economy. It not only serves as an educational center, housing prestigious institutions like Queen’s University, but it’s also home to innovative startups and growing multinational corporations. The city owns a diversified job market with diverse industries, including healthcare, research & development, manufacturing, and hospitality. This presents a solid foundation for long-term economic growth while also generating lucrative investment opportunities.

• Good quality of life 

The quality of life in your target market area is a key factor to consider because it can greatly impact the success of your listing. If you’re looking to invest in rental properties in Kingston, then you’ll like the living conditions that the city offers. 

Kingston provides a superb quality of life. It stands as a clean and safe city, characterized by low crime rates and a friendly environment that allows newcomers and visitors to feel at home as soon as they set foot here. Moreover, it offers a wide array of services and amenities, including shopping centers, restaurants, parks, and leisure facilities.

Additionally, Kingston is known for its excellent academic institutions like Queen’s University and the Royal Military College of Canada. So, living in Kingston gives you access to renowned education and career development opportunities.

• Fascinating history & wide array of attractions

Looking for a place that blends breathtaking natural beauty with a rich historical background? Then you’ll certainly love Kingston. One of the most outstanding features of Kingston is its history! As a UNESCO World Heritage Site, the Kingston History Centre is a place that history enthusiasts will find fascinating.

The city boasts a vibrant cultural and entertainment scene, featuring an array of festivals, events, and year-round activities. These encompass concerts, art galleries, theaters, and exhibitions.

This destination enjoys a prime location along the north shore of Lake Ontario. This means there is an abundance of natural beauty and outdoor activities to enjoy. You can easily engage in exciting activities like lakeside walks, boating, hiking and biking in the city’s parks and green spaces.

Is Airbnb Profitable in Kingston, ON?

Rest assured! Airbtics confirms that owning an investment property in Kingston can offer you a financially rewarding experience and excellent Airbnb business opportunities.

For instance, an average Airbnb host can earn up to C$67,289 with a median occupancy rate of 75% for managing a 2-bedroom apartment in Kingston, ON as confirmed by Airbtics’ free Airbnb profit estimator.