fbpx
Categories
Airbnb Investment All About Airbnb

Is Airbnb Profitable in Malaysia? An Insider’s Quick Guide Into Malaysia’s Rental Market

An Insider’s Quick Guide Into Malaysia’s Rental Market: Is Airbnb profitable in Malaysia? Find out with essential metrics and their legality, paving the way for lucrative opportunities in 2024!

Is Airbnb Profitable in Malaysia? An Insider’s Quick Guide Into Malaysia’s Rental Market

Is Airbnb Profitable in Malaysia

Is Airbnb Profitable in Malaysia? An Insider’s Quick Guide Into Malaysia’s Rental Market

Is Airbnb profitable in Malaysia? Find out with essential metrics and their legality, paving the way for lucrative opportunities in 2024!

Is Airbnb Profitable in Malaysia? 

Key Takeaways

  • The high influx of tourists, coupled with a growing economy and affordable cost of living, makes Malaysia an enticing prospect for property investors, especially in the short-term rental market.
  • Explore the advantages and disadvantages of investing in Malaysia’s real estate market, as well as its legal framework. 
  • Dive into details of the MM2H Program in Malaysia, a gateway for foreigners seeking a second home. Discover the streamlined property purchase process and eligibility criteria.
  • Utilizing the Airbtics Dashboard, we unveil the top 6 cities in Malaysia for short-term rental investments. This article offers valuable insights for property investors seeking to maximize their returns.

Malaysia’s Airbnb Potential: Exploring Profitability, Top Markets, and Legal Insights

Located in Southeast Asia, bordering Thailand to the north and Singapore to the south, Malaysia lies majestically as a beautiful destination with its ethnic and cultural diversity and impressive biodiversity. With its slogan “Malaysia, Truly Asia” this country combines a rich diversity and allure, thus, becoming an exceptional tourist destination

As of 2022, Malaysia welcomed around 10M overnight visitors and owns one of the highest number of tourist arrivals among all Southeast Asian countries! This already gives an overview of how profitable can a rental property be in this country, opening the doors to plenty of investment opportunities for property investors looking to cater to tourist accommodations.

Are you wondering “Is Airbnb profitable in Malaysia?” – We got you! This article highlights the short-term rental profitability in Malaysia, providing essential Airbnb metrics. Additionally, we explore the advantages and disadvantages of real estate investment, the top Airbnb markets along its legal aspects in Malaysia!

Why Invest in Property in Malaysia: Pros & Cons

Short-term rentals have proven to be a lifesaver for numerous property owners and landlords as they provide lucrative sources of income, especially in popular tourist destinations like Malaysia. Investing in Malaysia can come with many advantages but we should also consider what kind of downsides investors could face when stepping into this rental market. 

Here are the pros and cons that you should keep in mind before buying an investment property in Malaysia:

Is Airbnb Profitable in Malaysia

Pros of Buying a Property in Malaysia

  • TRENDING AIRBNB DESTINATION

It’s widely known that Malaysia is a tourist destination that has gained the attention of national and international travelers over the past years. For this reason, it has been witnessing substantial growth in its Airbnb market. Consequently, this business model has become a reliable source of income for property owners looking for ways to combat rising living costs.

According to Airbnb, Malaysia is one of the trending Airbnb destinations as it recorded an increase in non-urban nights booked after the pandemic. Moreover, the country also stands out as a top winter destination worldwide by search and one of the best value destinations for Valentine’s Day! With that being said, venturing into Airbnb property investments in Malaysia presents the potential for substantial returns on investment as well as the opportunity to enjoy a fascinating culture coupled with striking natural wonders.

  • AFFORDABLE COST OF LIVING

With a relatively low cost of living and accessible housing market, Malaysia stands out as an affordable destination for investments compared to other countries in Southeast Asia. And while affluent cities like Kuala Lumpur can be more expensive, they remain a cheaper option compared to major cities in Singapore or Hong Kong.

On the other hand, the real estate demand in Malaysia is consistently growing, principally fueled by its population increase and urbanization. According to NAPIC, the average house price in Malaysia is currently around RM 355,000 ($75,992)

  • GROWING ECONOMY

While Malaysia’s economy faced many challenges due to the pandemic and a simultaneous government crisis, it’s now heading on the path to recovery. The country owns a diversified economy with a GDP of RM1,110 billion ($252 billion). It also features a strong labor market with an unemployment rate of 4%. Moreover, Malaysia ranks 1st in Southeast Asia for Foreign investment and 3rd as the most innovative upper middle-income economy!

Cons of Buying a Property in Malaysia

Aside from the pros of buying an investment property in Malaysia, let’s discuss some cons so you can know what to anticipate when investing and living in this country. Examining both sides of the coin is crucial for establishing realistic expectations!

  • PURCHASING A PROPERTY AS A FOREIGNER

While foreigners are allowed to purchase property in Malaysia, some requirements should be met. For instance, foreigners cannot own property if its value is less than RM1 million (around $215,000) or properties that are located within Malay Reserved land. The process of buying a house also involves many parties and can take up around 4 to 6 months. 

  • TROPICAL WEATHER AND CLIMATE CHANGE

Malaysia features a tropical climate, which means that most days of the year are either hot and humid or hot and dry with some rain showers. Yet, climate change heavily affects the country as in recent years it has confronted disasters like drought, landslides, soil erosions, and floods. 

The majority of its losses can be attributed to flooding, which is prone to happen during the monsoon season. Malaysia’s climate is characterized by two monsoon regimes: the Southwest Monsoon, which happens from April to September, and the Northeast Monsoon which goes from October to March.

Airbnb Regulations in Malaysia

Before starting an Airbnb business in Malaysia, knowing the essential Airbnb key metrics in your target market, such as their occupancy rates and revenue, is vital. Yet, there are also other factors that investors should consider like the legality of operating a rental property or Airbnb listing

So let’s get to the point – Owning an Airbnb or STR listing in Malaysia is legal. While the country has been looking into regulating STR, there are currently no specific rules regulating short-term rentals. However, investors should keep in mind that this business activity is subject to local council regulations in specific zones. 

Additionally, in following, Malaysia’s Tourism Tax Act 2017, Airbnb hosts are obligated to register with the Malaysian government and remit a tourist tax of RM10 per room per night. In the case that a host doesn’t comply with this requirement, it may lead to penalties, including fines of up to RM50,000 or imprisonment for up to three years.

On the other hand, the island of Penang introduced a ban on short-term rental accommodations in residential units. This ban was chosen in response to residents’ complaints about the inappropriate conduct of tourists. But, commercial properties are not part of the ban. 

MM2H Program: Buying a Property in Malaysia as a Foreigner

The MM2H Program (Malaysia My Second Home) is a government initiative designed to encourage foreign property investment in the country. This involves offering a renewable 10-year visa to foreigners who meet specific criteria. Some of the requirements include:

  • Demonstrating proof of offshore income
  • Depositing a fixed sum in a Malaysian bank as required
  • Covering immigration fees and a security bond
  • Visa holders  are required to spend a minimum of 90 days in the country throughout the year
  • Be sponsored by a Malaysian citizen (in Peninsula Malaysia, a registered MM2H agent can replace a citizen sponsor).

Just a note: Sarawak has its own rules and requirements, but applicants should be 50 years or older.

Holding an MM2H visa provides certain advantages in the property purchase process, including varying price limits and streamlined loan facilitation. The application procedure is not complicated and can be completed through the official government website

Best Place to Invest in Property in Malaysia: Top Markets for 2024

After weighing the pros and cons of investments in Malaysia, you may think this is an attractive destination to invest in STRs. But now, we should answer our most important question: Is Airbnb Profitable in Malaysia? – In a nutshell, Airbnb listings in Malaysia can be a profitable business venture that can help you generate a nice passive income and even allow you to expand your portfolio. 

For instance, a 1-BR STR apartment in Kuala Lumpur can generate up to RM54,883 ($11,746) annually as confirmed by Airbtics’ Airbnb Income Calculator.  

Now, let’s go further and explore the best places to invest in property in Malaysia:

airbtics-logo-300x87
Location Airbnb Listings Best Number of Bedrooms Airbnb Annual Revenue Median Property Price GRY
Petaling Jaya 1,658 2 bedrooms RM515,000 RM49,627 ($10,621) 9.64%
Johor Bahru 3,717 2 bedrooms RM360,000 RM41,894 ($8,966) 11.64%
Kota Kinabalu 2,145 1 bedroom RM545,000 RM40,067 ($8,575) 7.65%
Shah Alam 1,372 2 bedrooms RM380,000 RM36,684 ($7,851) 9.65%
Ipoh 1,595 2 bedrooms RM230,000 RM36,212 ($7,750) 15.74%
Malacca 3,448 2 bedrooms RM340,000 RM28,044 ($6,002) 8.25%

Location

Airbnb Dataset

  • Total Airbnb Listings: 1,658
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): RM515,000
  • Airbnb Annual Revenue: RM49,627 ($10,621)
  • Gross Rental Yield: 9.64%
  • Total Airbnb Listings: 3,717
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): RM360,000
  • Airbnb Annual Revenue: RM41,894 ($8,966)
  • Gross Rental Yield: 11.64%
  • Total Airbnb Listings: 2,145
  • Best Number of Bedrooms: 1 bedroom
  • Median Property Price (1 bedroom): RM545,000
  • Airbnb Annual Revenue: RM40,067 ($8,575)
  • Gross Rental Yield: 7.65%
  • Total Airbnb Listings: 1,372
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): RM380,000 
  • Airbnb Annual Revenue: RM36,684 ($7,851)
  • Gross Rental Yield: 9.65%
  • Total Airbnb Listings: 1,595
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): RM230,000
  • Airbnb Annual Revenue: RM36,212 ($7,750)
  • Gross Rental Yield: 15.74%
  • Total Airbnb Listings: 3,448
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): RM340,000
  • Airbnb Annual Revenue: RM28,044 ($6,002)
  • Gross Rental Yield: 8.25%
Explore More Profitable Locations in Malaysia!

A Quick Guide to Find Out the Best Locations to Invest in 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.

First, go ahead and explore real estate forums and conduct research on search engines to discover which locations are piquing significant interest among investors. This approach will allow you to sort your list. You should also utilize analytical tools to identify profitable STR markets, especially those that provide dynamic data.

Airbtics Dashboard allows users to explore a city and gain valuable insights, such as important Airbnb KPIs, 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.

Is Airbnb Profitable in Malaysia

Sometimes, your target location might not appear in the search results, but 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 what type of property offers the most appealing profit in your chosen area. 

One of the greatest advantages of dynamic data is that if you move and zoom in and out of your map, the data will also change accordingly.

Is Airbnb Profitable in Malaysia

You can repeat this process until you find which property type 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.

Malaysia’s Property Landscape: A Strategic Outlook for Thriving in the Airbnb Market

Malaysia stands as a captivating investment destination with its diverse cultural tapestry, booming tourism industry, and advantageous real estate market. The nation’s Airbnb landscape is thriving, presenting an enticing prospect for property investors seeking to venture into the lucrative short-term rental market.

We explored the pros and cons of investing in Malaysian property, highlighting the country’s appeal as a trending Airbnb destination. Malaysia’s affordability, coupled with its growing economy, positions it as an attractive option for property investments. However, for foreigners, the revenue may not be as captivating compared to other major investment destinations. Yet, considering Malaysia’s low cost of living, Airbnb can be a profitable investment business that can help individuals and families to sustain their economies. 

In the dynamic world of real estate investments, staying informed and leveraging available resources is crucial. Whether in Malaysia or other promising locations, we encourage property investors to conduct thorough research so as to not miss better opportunities as they must consider factors like market trends, legal requirements, and potential returns. And Airbtics is here to help you make data-driven decisions with accurate metrics! Ultimately, a well-informed approach, coupled with strategic decision-making, can unlock the doors to successful property investments!

Explore More Profitable Locations in Malaysia!

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

  • Quick Links

Keep Reading

Annual Airbnb Revenue in Irving texas, USA

Irving, Texas| Airbnb Market Data & Overview | USA Irving, Texas Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Irving, …

Read More →
Annual Airbnb Revenue in Keystone colorado, USA

Keystone, Colorado| Airbnb Market Data & Overview | USA Keystone, Colorado Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Keystone, …

Read More →
Annual Airbnb Revenue In Galway Ireland

Galway| Airbnb Market Data & Overview | Ireland Galway Airbnb Market Data & Overview Ireland Is it profitable to do Airbnb in Galway, Ireland? What …

Read More →
Investing in Property for Sale: How to Buy A Profitable Property for Airbnb in Leicester City Centre

airbnb property for sale Leicester City Centre Leicester is rich in culture and famed for diversity, making it feel like the world is on your …

Read More →
airbnb property investment North Myrtle Beach
Airbnb Property Investment: Waterfront Homes for Sale in North Myrtle Beach, SC

airbnb property investment North Myrtle Beach North Myrtle Beach is a popular holiday destination for families in South Carolina where both visitors and locals can …

Read More →
Annual Airbnb Revenue in Summerville south carolina, USA

Summerville, South Carolina| Airbnb Market Data & Overview | USA Summerville, South Carolina Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →

Categories
Airbnb Investment All About Airbnb

Vacation Rentals Greece: Top markets for investment

Vacation Rentals Greece – Top markets for investment: Explore the allure of Greece as a prime destination for vacation rentals and fulfill your dream of owning a property in this majestic country!

Vacation Rentals Greece: Top markets for investment

vacation rentals Greece

Vacation Rentals Greece: Top markets for investment

Explore the allure of Greece as a prime destination for vacation rentals and fulfill your dream of owning a property in this majestic country!

Vacation Rentals Greece: Top markets for investment

Key Takeaways

  • Greece’s popularity as a top tourist destination, coupled with its economic growth and good real estate market conditions open the doors to great investment opportunities for property investors.
  • Learn about the pros and cons of investing in Greece’s real estate market, along with its legality. We also feature the possibility of purchasing a house for foreigners.
  • Using the Airbtics Dashboard, the top 10 cities for short-term rental investments in Greece have been revealed. This article also provides valuable insights for property investors aiming for maximum returns.

Unlocking Opportunities: Investing in Vacation Rentals in Greece

Nestled at the southern tip of the Balkan peninsula, Greece is a truly majestic destination that is widely known for its rich ancient history and cultural heritage. This country is famous for being the cradle of Western civilization, leaving a lasting legacy in terms of art, philosophy, politics and literature.

Greece always breaks records when it comes to tourism, thus, its potential as an investment destination is visible. In fact, the country welcomed over 17.4M international arrivals during the period of January-August 2023 and numbers just keep growing as we reach the end of the year! This opens the doors to plenty of opportunities for property investors looking to cater to tourist accommodations.

Moreover, the rental market’s conditions in Greece couldn’t be more favorable to investors. Aside from a robust tourist market, the country also offers affordable property prices, a strong performance in the housing market, and high rental yields year-round.

On the lookout for the perfect spot to buy a rental property in Greece? This article showcases the top cities to invest in vacation rentals in Greece, along with crucial Airbnb metrics. Furthermore, we delve into the pros & cons of real estate investment and its legal aspects in Greece!

Why Invest in Greece Real Estate: Pros & Cons

Greece possesses an undeniable beauty that is further enhanced by its heritage, Mediterranean weather and relaxing lifestyle. So a real estate investment in Greece would allow investors not only to enjoy a nice passive income but also the opportunity to enjoy the luxuries that the country offers!

Here are the pros and cons that you should consider before buying an investment property in Greece and then setting it up as a short-term rental:

vacation rentals Greece

Pros of Buying a Property in Greece

  • GREAT REAL ESTATE MARKET CONDITIONS

In recent times, the property market in Greece has been performing quite well and there’s a lot of demand, especially from foreign investors who have been attracted by the Golden Visa Program. Additionally, economic growth and improved stability coupled with a demographic increase have boosted the housing market demand.

While property prices in Europe have been on the rise, they still remain relatively affordable as you can find plenty of budget-friendly options in Greece. For instance, the average house price in Greece is currently around €2,408 per sq.m

  • SOLID RENTAL MARKET & GOOD RENTAL YIELDS

The rental market in Greece is strong and the demand has been steadily increasing. This market demand is particularly influenced by the strong tourist market, bringing high occupancy rates, a nice passive income, and good rental yields to investors. In fact, the average rental yield in Greece stands between 5% and 8%, where the top tourist areas are the most profitable areas.

Moreover, this economic activity contributed 1.65% to GDP in 2022 according to a research report presented at the Prodexpo Real Estate Conference.

  • ROBUST ECONOMIC GROWTH

Greece is one of the top Europe’s fastest-growing economies! Despite the challenges posed by the COVID-19 crisis, the country has been experiencing a solid recovery, leading to significant growth in employment opportunities! Its real GDP grew 2.2% this year and is projected to grow by 1.9% in 2024 according to the OECD economic outlook.

Cons of Buying a Property in Greece

Aside from the pros of buying an investment property in Greece, let’s discuss some cons so you can know what to expect when investing and living in this country. It’s always better to look at the two sides of each coin to properly set your expectations!

  • SEASONALITY

In most popular tourist destinations in Greece, such as the islands, the rental demand is high, yet it comes with a major downside: seasonality. There’s a high demand for rentals during the summer months, slowing down during the winter season (November – March). Of course, there is still the possibility of getting your properties booked, however, keep in mind that there’s a high chance for the listings to sit vacant during these months. 

  • BUREAUCRACY

Purchasing property in Greece can be a dream come true but it comes with a time-consuming, costly, and bureaucratic process. This involves an extensive amount of paperwork and large legal procedures. So it’s better to be mentally prepared!

And while under Greek law, foreign investors are not obligated to be represented by lawyers when buying a property, it’s recommended to designate one to avoid any major legal issues. Lawyers will help you to coordinate and plan the specific actions!

Is Airbnb legal in Greece?

Understanding the key metrics of Airbnb is crucial, but it’s equally essential to be aware of the legal aspects of being an Airbnb host in your target market. Having said that, in Greece, it is legal to operate a rental or Airbnb listing. Yet, it’s important to note that hosts must register the property in the “Register of Short-Term Property Lets”.

Find out more about Airbnb’s legality in Greece through our STR regulations guide!

Greece Property Investment Visa: Buying a Property as a Foreigner

Many of us harbor the dream of owning property in Greece, so to make our wishes come true, we like to explore diverse possibilities to achieve this. The great news is that Greece offers residency visa programs for foreign investors who meet certain requirements! Broadly speaking, there are no major restrictions when it comes to purchasing a house. But we must mention that EU citizens or residents have a notable advantage in the process.

Some documents that you must have before buying a property in Greece:

  • A passport
  • Tax Registry Number (AFM)
  • Greek visa (for non-EU residents)
  • Residence proof
  • Copy of annual tax returns
  • Government-issued ID proofs
  • Proof of obtaining health insurance in Greece

One of the most sought-after programs in Greece for non-EU citizens is the Golden Visa Program, which is a residence-by-investment visa. This visa is provided to non-EU residents who contribute over €250,000 to the Greek economy and commonly it takes around 2 months to be issued.

You can find which documentation is necessary for the Golden Visa here.

Where to Invest in Greece: Prime Locations for Short-Term Rentals

With great investment opportunities, Greece stands out as a promising destination to property investors looking to generate a good rental income. Yet, there’s still a question that we must answer: where should you invest in real estate in Greece? 

To identify the best cities for short-term rental investments in Greece, we conducted intensive research on different cities and filtered the top markets: 

airbtics-logo-300x87
Location Airbnb Listings Best Number of Bedrooms Airbnb Annual Revenue Median Property Price GRY
Fira 681 1 bedroom €500,000 €57,483 11.5%
Mikonos 825 1 bedroom €430,000 €55,724 13%
Chania 2,380 3 bedrooms €350,000 €42,544 12.16%
Paros 538 1 bedroom €220,000 €31,884 14.5%
Rhodes Town 1,095 2 bedrooms €213,000 €29,928 14.1%
Corfu Town 1,491 1 bedroom €180,000 €29,631 16.46%
Athens 10,874 2 bedrooms €180,000 €23,859 13.26%
Thessaloniki 2,910 2 bedrooms €155,000 €18,291 11.8%
Heraklion 1,359 1 bedroom €120,000 €18,159 15.13%
Kalamata 682 1 bedroom €130,000 €14,076 10.83%

Location

Airbnb Dataset

  • Total Airbnb Listings: 681
  • Best Number of Bedrooms: 1 bedroom
  • Median Property Price (1 bedroom): €500,000
  • Airbnb Annual Revenue: €57,483
  • Gross Rental Yield: 11.50%
  • Total Airbnb Listings: 825
  • Best Number of Bedrooms: 1 bedroom
  • Median Property Price (1 bedroom): €430,000
  • Airbnb Annual Revenue: €55,724
  • Gross Rental Yield: 13%
  • Total Airbnb Listings: 2,380
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): €350,000
  • Airbnb Annual Revenue: €42,544
  • Gross Rental Yield: 12.16%
  • Total Airbnb Listings: 538
  • Best Number of Bedrooms: 1 bedroom
  • Median Property Price (1 bedroom): €220,000
  • Airbnb Annual Revenue: €31,884
  • Gross Rental Yield: 14.50%
  • Total Airbnb Listings: 1,095
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): €213,000
  • Airbnb Annual Revenue: €29,928
  • Gross Rental Yield: 14.1%
  • Total Airbnb Listings: 1,491
  • Best Number of Bedrooms: 1 bedroom
  • Median Property Price (1 bedroom): €180,000
  • Airbnb Annual Revenue: €29,631
  • Gross Rental Yield: 16.46%
  • Total Airbnb Listings: 10,874
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): €180,000
  • Airbnb Annual Revenue: €23,859
  • Gross Rental Yield: 13.26%
  • Total Airbnb Listings: 2,910
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): €155,000
  • Airbnb Annual Revenue: €18,291
  • Gross Rental Yield: 11.80%
  • Total Airbnb Listings: 1,359
  • Best Number of Bedrooms: 1 bedroom
  • Median Property Price (1 bedroom): €120,000
  • Airbnb Annual Revenue: €18,159
  • Gross Rental Yield: 15.13%
  • Total Airbnb Listings: 682
  • Best Number of Bedrooms: 1 bedroom
  • Median Property Price (1 bedroom): €130,000
  • Airbnb Annual Revenue: €14,076
  • Gross Rental Yield: 10.83%
Explore More Profitable Locations in Greece!

Insider’s Quick Guide: Find Out the Best Places to Invest in with Airbtics

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.

First, go ahead and explore real estate forums and conduct research on search engines to discover which locations are piquing significant interest among investors. This approach will allow you to sort your list. You should also utilize analytical tools to identify profitable STR markets, especially those that provide dynamic data.

Airbtics Dashboard allows users to explore a city and gain valuable insights, such as important Airbnb KPIs, 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.

Sometimes, your target location might not appear in the search results, but 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 what type of property offers the most appealing profit in your chosen area. 

One of the greatest advantages of dynamic data is that if you move and zoom in and out of your map, the data will also change accordingly.

You can repeat this process until you find which property type 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.

Seizing Opportunity: Greece’s Allure for Vacation Rental Investments

vacation rentals Greece

In summary, considering its record-breaking influx of international tourists and favorable rental market conditions, Greece presents abundant opportunities for those seeking to invest in vacation rentals. Whether you’re drawn to the historical allure of Athens or the tranquility of the islands, Greece not only promises financial returns but also the opportunity to indulge yourself in the luxuries offered by this remarkable country. 

Yet, while Greece’s beauty adds an extra layer of appeal, it’s crucial to consider the pros and cons discussed in this guide as well as some Airbnb startup costs. And, as you explore prime locations for vacation rentals in Greece, you should use advanced resources like the Airbtics Dashboard to set up data-driven strategies and make smart investment decisions. With its dynamic data sets and informed market insights, this tool streamlines your research process, helping you identify profitable opportunities!

Explore More Profitable Locations in Greece!

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

  • Quick Links

Keep Reading

Annual Airbnb Revenue in Marietta georgia, USA

Marietta, Georgia| Airbnb Market Data & Overview | USA Marietta, Georgia Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Marietta, …

Read More →
best places to Airbnb in upstate New York
Best Places to Airbnb in Upstate New York

best places to Airbnb in upstate New York Key Takeaways New York is one of the richest states in the US with its robust economy, …

Read More →
Annual Airbnb Revenue in Lucerne california, USA

Lucerne, California| Airbnb Market Data & Overview | USA Lucerne, California Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Lucerne, …

Read More →
Annual Airbnb Revenue in Johnson city tennessee, USA

Johnson City, Tennessee| Airbnb Market Data & Overview | USA Johnson City, Tennessee Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
Annual Airbnb Revenue in East riding of yorkshire, UK

East Riding of Yorkshire| Airbnb Market Data & Overview | UK East Riding of Yorkshire Airbnb Market Data & Overview UK Is it profitable to …

Read More →
short term rental investment
Fractional vacation home ownership provider reviews (Pacaso, Kocomo, Everomes, ReAlpha etc)

Do you want to take advantage of the rapid rise of the home-sharing economy but don’t have the capital to invest? In 2022, you can …

Read More →

Categories
Airbnb Investment All About Airbnb

Best 14 Australian Suburbs to Invest: Unveil the Top Rental Markets

Best 14 Australian Suburbs to Invest: Unveil the Top Rental Markets: Explore the best Australian suburbs for property investment with valuable insights into Airbnb metrics. Learn more here!

Best 14 Australian Suburbs to Invest: Unveil the Top Rental Markets

best australian suburbs to invest

Best 14 Australian Suburbs to Invest: Unveil the Top Rental Markets

Explore the best Australian suburbs for property investment with valuable insights into Airbnb metrics. Learn more here!

Best 14 Australian Suburbs to Invest: Unveil the Top Rental Markets

Key Takeaways

  • Australia is regarded as a prime destination for property investors, driven by its resilient economy, solid tourist market, and high-demand STR market.
  • Learn about the pros and cons of investing in Australia’s thriving real estate market, along with essential legal considerations. 
  • Using Airbtics’ Airbnb Income Calculator, the top 13 suburban areas for short-term rental investments in Australia have been unveiled, providing valuable insights for property investors aiming for maximum returns.

Discover the Best Australian Suburbs to Invest in: A Paradise for STR Accommodations

Nestled between the Indian Ocean and the Pacific Ocean, we can find the beautiful country of Australia, a destination that features a unique diversity of flora and fauna. This destination is known for its breathtaking landscapes and iconic sites like the Sydney Opera House, the Great Barrier Reef & Ayers Rock (Uluru). 

We can’t deny that Australia is a piece of paradise in this immense world! No wonder it attracts a large influx of tourists annually. There were around 6.4 million visitor arrivals for the year ending August 2023 as confirmed by the Tourism Australia platform. 

And things just get better for investors looking to cater to STR accommodations. Its solid tourist market, coupled with high economic development, demographic growth, and solid housing market performance, Australia stands out as an enticing investment destination. And while the major metropolitan areas draw special attention from investors, there are plenty of suburbs that are worth targeting.

Searching for the ideal location to purchase a rental property in Australia? This article highlights the best Australian suburbs to invest in rental properties, along with important Airbnb metrics. Additionally, we explore the benefits of real estate investment and its legality in Australia!

Why Invest in Australia Property: Pros & Cons

Australia presents a perfect blend of rich Aboriginal heritage with a modern society and outstanding natural beauty. This country certainly is a hotspot for property investments, allowing investors to earn a nice income stream through short-term and long-term rentals.

Here are the top reasons why you should consider buying an investment property in Australia:

best australian suburbs to invest
  • TOP-RANKING STR MARKET IN OCEANIA

Millions of tourists visit Australia each year due to its natural wonders, iconic attractions, and rich biodiversity. Thanks to this, there’s a steady demand for short-term rentals, especially in popular tourist destinations like Sydney. In fact, we must highlight that it’s one of the top trending travel spots for international travel according to Airbnb.

Besides, Australia ranks among the top STR markets in Oceania with the highest occupancy rate. Moreover, you can also find some of the best Airbnb property management companies, teaming up with them will allow you to enjoy more freedom to explore this haven!

  • RESILIENT REAL ESTATE MARKET PERFORMANCE

Although house prices are rising in Australia, the market remains relatively stable and strong. The economic resilience and demographic increase the country has been experiencing plays an important role in the demand for housing. Moreover, there are plenty of great real estate financing options that investors can take advantage of!

While the real estate market in major and popular metropolitan areas is expensive, there are many high-growth suburbs in Australia where you can find more friendly budget options. These suburban areas also offer good rental yields and have high occupancy rates that guarantee a nice return on investment to investors.

  • ROBUST ECONOMIC DEVELOPMENT

Australia is usually regarded as an attractive country for living, working, studying, and investing. Thus, it consistently ranks among the top countries when it comes to economy. The country has one of the highest GDP per capita in the world and also a top among the world’s largest 20 economies!

Australia stands as a thriving business hub, drawing investment from multinational corporations, startups, and research organizations globally! The country offers a business-friendly environment, characterized by favorable regulations and low taxes. 

Thanks to its favorable economic conditions, Australia features a strong job market that has consistently maintained relatively low levels of unemployment. Currently, the unemployment rate in Australia is 3.7% as of October 2023.

Cons of Buying a Property in Australia

Aside from the pros of buying an investment property in New Zealand, let’s discuss some cons so you can know what to expect when investing and living in this country. It’s always better to look at the two sides of each coin to properly set your expectations!

  • REAL ESTATE: HIGH ENTRY COST

Australia’s real estate market remains stable and experiences consistent growth, but it also comes with its challenges and downsides. In this regard, we must mention that average housing market values across major cities in Australia are not particularly cheap. 

Moreover, entering and exiting the property market poses some financial challenges. Aside from the property prices, there are other high entry costs involved such as the stamp duty, legal fees, and real estate agent fees, Hence, investors should carefully evaluate the upfront investment needed.

  • AUSTRALIA IS VULNERABLE TO CLIMATE-RELATED DISASTERS

Located in the southern hemisphere and the Pacific Ring of Fire, Australia is quite susceptible to natural disasters such as bushfires, floods, and cyclones. The region is characterized by being seismically and volcanically active.

Is Airbnb legal in Australia?

While understanding Airbnb’s essential metrics is vital, it’s equally important to know about the legality of Airbnb in your target area. In general, it’s legal to become an Airbnb host in Australia! Yet, you should keep in mind that each state has its own STR regulations. Broadly speaking, most cities require hosts to register their properties to obtain a license for operating.

If you are a foreign investor or a temporary resident seeking to acquire property in Australia, then you will be required to obtain FIRB approval. Otherwise, proceeding with a purchase without approval may result in a variety of sanctions. Additionally, foreigners should keep in mind that the property must be new or they must acquire a vacant lot to build a new property. 

In the case of rental arbitrage, while it is legal, tenants are not permitted to sublease the property without the consent of the owner or landlord. 

It is extremely crucial to adhere to council zoning laws, otherwise, you can face consequences such as monetary penalties and being registered in the Exclusion Register.

Best Australian Suburbs to Invest in STR Properties

Australia offers promising investment opportunities to property investors, but a significant question remains: where is the ideal suburban area for real estate investment? 

To identify the best suburbs for short-term rental investments in this country, we conducted intensive research on different regions and filtered the top areas of each of them: 

airbtics-logo-300x87
Location Airbnb Listings Best Number of Bedrooms Airbnb Annual Revenue Median Property Price (2 BR) GRY
Bateau Bay, Central Coast, NSW 77 4 bedrooms A$1,100,000 (4 BR) A$172,820 15.72%
Woonona, Wollongong 36 4 bedrooms A$1,485,000 (4 BR) A$143,556 9.67%
Port Kembla, Wollongong 15 3 bedrooms A$809,000 (3 BR) A$135,678 16.77%
Battery Point, Hobart 120 2 bedrooms A$770,000 (2 BR) A$89,360 11.61%
Sandy Bay, Hobart 212 3 bedrooms A$895,000 (3 BR) A$87,810 9.81%
The Entrance, Central Coast, NSW 152 3 bedrooms A$850,000 (3 BR) A$79,816 9.39%
Middle Ridge, Toowoomba 13 3 bedrooms A$770,000 (3 BR) A$76,181 9.89%
Newtown, Geelong 47 2 bedrooms A$845,000 (2 BR) A$70,449 8.34%
East Toowoomba 57 3 bedrooms A$680,000 (3 BR) A$68,637 10.01%
North Bendigo 31 3 bedrooms A$480,000 (3 BR) A$63,369 13.20%
East Geelong 23 2 bedrooms A$695,000 (2 BR) A$60,240 8.67%
Golden Square, Greater Bendigo 33 3 bedrooms A$496,000 (3 BR) A$53,552 10.80%
Golden Point, Ballarat 22 3 bedrooms A$562,500 (3 BR) A$51,624 9.18%
Central Ballarat 66 2 bedrooms A$490,000 (2 BR) A$51,183 10.45%

Location

Airbnb Dataset

Bateau Bay, Central Coast, NSW

  • 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%

Woonona, Wollongong

  • Total Airbnb Listings: 36
  • Best Number of Bedrooms: 4 bedrooms
  • Median Property Price (4 bedrooms): A$1,485,000
  • Airbnb Annual Revenue: A$143,556
  • Gross Rental Yield: 9.67%

Port Kembla, Wollongong

  • Total Airbnb Listings: 15
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$809,000
  • Airbnb Annual Revenue: A$135,678
  • Gross Rental Yield: 16.77%

Battery Point, Hobart

  • Total Airbnb Listings: 120
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$770,000
  • Airbnb Annual Revenue: A$89,360
  • Gross Rental Yield: 11.61%

Sandy Bay, Hobart

  • Total Airbnb Listings: 212
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$895,000
  • Airbnb Annual Revenue: A$87,810
  • Gross Rental Yield: 9.81%

The Entrance, Central Coast, NSW

  • 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%

Middle Ridge, Toowoomba

  • Total Airbnb Listings: 13
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$770,000
  • Airbnb Annual Revenue: A$76,181
  • Gross Rental Yield: 9.89%

Newtown, Geelong

  • Total Airbnb Listings: 47
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$845,000
  • Airbnb Annual Revenue: A$70,449
  • Gross Rental Yield: 8.34%
  • Total Airbnb Listings: 57
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$680,000
  • Airbnb Annual Revenue: A$68,637
  • Gross Rental Yield: 10.01%
  • Total Airbnb Listings: 31
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$480,000
  • Airbnb Annual Revenue: A$63,369
  • Gross Rental Yield: 13.20%
  • Total Airbnb Listings: 23
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$695,000
  • Airbnb Annual Revenue: A$60,240
  • Gross Rental Yield: 8.67%

Golden Square, Greater Bendigo

  • Total Airbnb Listings: 33
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$496,000
  • Airbnb Annual Revenue: A$53,552
  • Gross Rental Yield: 10.80%

Golden Point, Ballarat

  • Total Airbnb Listings: 22
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$562,500
  • Airbnb Annual Revenue: A$51,624
  • Gross Rental Yield: 9.18%
  • Total Airbnb Listings: 66
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$490,000
  • Airbnb Annual Revenue: A$51,183
  • Gross Rental Yield: 10.45%
Explore More Profitable Locations in Australia!

Spotting Potential Airbnb Rental Markets with Airbtics: An Insider’s Quick Guide

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.

First, go ahead and explore real estate forums and conduct research on search engines to discover which locations are piquing significant interest among investors. This approach will allow you to sort your list. You should also utilize analytical tools to identify profitable STR markets, especially those that 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.

Australia Airbnb

Sometimes, your target location might not appear in the search results, but 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 what type of property offers the most appealing profit in your chosen area. 

One of the greatest advantages of dynamic data is that if you move and zoom in and out of your map, the data will also change accordingly.

You can repeat this process until you find which property type 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.

Wrapping Things Up: Australian Suburbs as Promising Real Estate Investment Destinations

best australian suburbs to invest

Australia stands out as a sought-after destination for real estate investment, as it offers a stable property market that is experiencing steady growth. However, the country’s expensive housing market and its vulnerability to natural disasters are factors that investors should be aware of.

Thus, the best Australian suburbs to invest in come up as a more affordable alternative to investors with a tight budget as their property markets present cheaper options. Of course, these markets still provide nice rental yields and high occupancy rates! 

Although there are numerous lucrative cities and towns in Australia, it is essential to recognize the inherent risks involved in investing in a market without a comprehensive analysis of all Airbnb KPIs. So we recommend conducting meticulous market research using short-term rental analytics tools for precision, such as Airbtics. We are committed to assisting investors like you in making informed, data-driven decisions!

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.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

  • Quick Links

Keep Reading

mejores zonas de alicante para invertir
Mejores Zonas de Alicante para Invertir en Airbnb: Mercados inmobiliarios más rentables

mejores zonas de alicante para invertir Métricas clave • Alicante ofrece un coste de vida asequible y un atractivo mercado inmobiliario. Gracias a esto, muchos anfitriones …

Read More →
Annual Airbnb Revenue in Oakhurst california, USA

Oakhurst, California| Airbnb Market Data & Overview | USA Oakhurst, California Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Oakhurst, …

Read More →
Santa rosa airbnb property smart investment
Pros & Cons: Is Santa Rosa A Smart Investment?

Santa rosa airbnb property smart investment Santa Rosa is known as the craft brew capital of the United States, but it also offers a diverse …

Read More →
Annual Airbnb Revenue in New albany ohio, USA

New Albany, Ohio| Airbnb Market Data & Overview | USA New Albany, Ohio Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
Annual Airbnb Revenue in Two harbors minnesota, USA

Two Harbors, Minnesota| Airbnb Market Data & Overview | USA Two Harbors, Minnesota Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
Annual Airbnb Revenue in Eagan minnesota, USA

Eagan, Minnesota| Airbnb Market Data & Overview | USA Eagan, Minnesota Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Eagan, …

Read More →

Categories
Airbnb Investment All About Airbnb

Where to Invest in Geelong, AU: Earn Up to A$39,399 with a 78% Occupancy Rate

Where to Invest in Geelong, AU: Earn Up to A$39,399 with a 78% Occupancy Rate: Uncover the top Airbnb markets and leverage Airbtics’ data analysis for optimal listing locations!

Where to Invest in Geelong, AU: Earn Up to A$39,399 with a 78% Occupancy Rate

where to invest in Geelong

Where to Invest in Geelong, AU: Earn Up to A$39,399 with a 78% Occupancy Rate

Looking where to invest in Geelong? Uncover the top Airbnb markets and leverage Airbtics’ data analysis for optimal listing locations!

Where to Invest in Geelong, AU: Earn Up to A$39,399 with a 78% Occupancy Rate

Key Takeaways

  • With a booming economy, relatively affordable housing, and great living conditions, Geelong emerges as a dynamic STR investment destination.
  • Airbnb hosts in Geelong have the potential to earn an annual revenue of A$39,399 with a 78% occupancy rate for a 1-bedroom property, as confirmed by Airbtics’ Airbnb income calculator.
  • With the aid of Airbtics’ Dashboard, we’ve pinpointed the top 6 markets for short-term rental investments in Geelong, offering invaluable insights for property investors aiming for optimal returns.

Prime Investment Opportunities: Where to Invest in Geelong for Maximum Returns

The charming port city of Geelong is located at the eastern end of Corio Bay and the left bank of Barwon River, featuring scenic beaches and panoramic ocean views. This destination is a delightful place to visit and considering its great quality of life, it’s also a great city for anyone who wants to settle there.

Furthermore, Geelong is a great destination for investors looking to begin their short-term rental journey and also for those who want to expand their portfolio. Yet, before investing in a short-term rental property in Geelong, it’s crucial to conduct an Airbnb data analysis to gain a comprehensive understanding of the rental markets available. This analysis will help you identify the most profitable opportunities based on important key metrics.

If you’re searching for where to invest in a rental property in Geelong, this article provides insights into the top areas for short-term rental investments. You will also find Airbnb metrics for each area, offering valuable information to help you make informed investment decisions!

Why should you consider buying an investment property in Geelong?

Geelong features a breathtaking landscape and a lively cultural scene! And it also presents an intriguing market for property investors looking to generate a nice income stream from short-term lettings. 

Check out some of the top reasons why you should invest in rental properties in Geelong:

  • RELATIVELY AFFORDABLE HOUSING MARKET

One of the biggest advantages of investing in Geelong real estate is that the region may present more budget-friendly property options compared to other major Australian cities. This affordability facilitates investors’ entry into the market, enabling them with the potential to obtain positive cash flow.

Currently, the average property price in Geelong is A$920K for houses and A$697K for units, which is a relatively lower value if we consider the markets of metropolitan areas like Sydney and Melbourne. However, if buying a house is not possible yet, you can try rental arbitrage in Geelong as an alternative as rent prices are more affordable! As of November 2023, the average rent price is currently around A$500. 

  • BOOMING ECONOMY & POPULATION GROWTH

Geelong owns a diversified and strong economy that keeps evolving with plenty of industries that help the region present a solid job market. Some of its major sectors are education, tourism, health, manufacturing, construction, and innovation & research.

Moreover, over the past decade, the region has experienced robust job growth that has rapidly transformed Geelong’s economy. This also helped the region to enjoy positive demographic growth, paving the way for a promising future!

  • WELCOMING COMMUNITY & HIGH STANDARD OF LIVING

As the second largest city in Victoria, Geelong offers an attractive lifestyle with a plethora of local amenities such as dining options, shopping centers, sports facilities, and healthcare services. There’s also no lack of recreational activities as well as events and festivals happening throughout the year.

On top of that, Geelong is also known for its friendly community and numerous community venues encourage social interaction, which can quickly make you feel at home. 

  • ENJOY THE COASTAL SCENERY & CULTURAL ACTIVITIES!

Looking for a destination where you can enjoy natural wonders and fascinating cultural activities? Then look no more because Geelong has everything you’re looking for!

This port city provides striking vistas and a charming environment, contributing to an enjoyable experience. With coastal settings and scenic beaches, visitors and locals alike can engage in outdoor activities such as surfing, boating, or just enjoy a relaxing day on the beach. 

Geelong also features a wide range of cultural options, from museums to art galleries and theaters. The city also hosts events and festivals throughout the year, allowing visitors and residents to enjoy plenty of cultural and social activities.

Moreover, the scenic beauty and cultural events in Geelong draw a high influx of overnight visitors, opening up possibilities for profitable short-term rentals!

Is Airbnb Profitable in Geelong?

Curious about the profitability of STR investments in Geelong? Put your concerns to rest as Airbtics is here to confirm their worth! Geelong, with its natural beauty, cultural events, and festivals, consistently draws a substantial number of visitors, presenting ample opportunities for lucrative holiday lettings.

Let’s have an overview of Geelong’s Airbnb market – According to Airbtics’ Airbnb host calculator, an Airbnb host can obtain annual revenue of A$39,399 with a steady occupancy rate of 78% for operating a 1-bedroom property in Geelong. 

Geelong proves to be an outstanding investment destination, but it’s essential to bear in mind that factors like the location of your property and seasonality can impact your potential income. Thus, it’s vital to make use of an Airbnb research tool to pinpoint promising investment opportunities. Additionally, we recommend having a vacation rental checklist to boost your future guest experiences!

Where to Invest in Geelong: Top Airbnb Markets 2023

Before making impulsive decisions, it’s recommended to research Airbnb’s important KPIs to identify optimal areas for establishing your listing and guaranteeing the success of your rental property in Geelong. Why? Because the profitability of short-term rentals fluctuates based on the particular location, leading to varying revenue levels.

Go ahead and check out the best suburbs in Geelong to invest in rental properties:

airbtics-logo-300x87
Location Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Newtown 47 2 bedrooms A$845,000 (2 BR) A$70,449 8.34%
East Geelong 23 2 bedrooms A$695,000 (2 BR) A$60,240 8.67%
Belmont 50 3 bedrooms A$685,000 (3 BR) A$48,655 7.10%
Geelong West 62 2 bedrooms A$763,000 (2 BR) A$47,068 6.17%
Grovedale 22 2 bedrooms A$580,000 (2 BR) A$36,640 6.26%
Highton 29 2 bedrooms A$512,500 (2 BR) A$35,432 6.91%

Location

Airbnb Dataset

  • Total Airbnb Listings: 47
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$845,000
  • Airbnb Annual Revenue: A$70,449
  • Gross Rental Yield: 8.34%
  • Total Airbnb Listings: 23
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$695,000
  • Airbnb Annual Revenue: A$60,240
  • Gross Rental Yield: 8.67%
  • Total Airbnb Listings: 50
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$685,000
  • Airbnb Annual Revenue: A$48,655
  • Gross Rental Yield: 7.10%
  • Total Airbnb Listings: 62
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$763,000
  • Airbnb Annual Revenue: A$47,068
  • Gross Rental Yield: 6.17%
  • Total Airbnb Listings: 22
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$585,000
  • Airbnb Annual Revenue: A$36,640
  • Gross Rental Yield: 6.26%
  • Total Airbnb Listings: 29
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$512,500
  • Airbnb Annual Revenue: A$35,432
  • Gross Rental Yield: 6.91%
Explore More Profitable Locations in Greater Geelong!

How to Find Profitable Airbnb Locations for Your Listings?

While there are plenty of Airbnb startup costs that investors should consider, it’s important to set up the listing in the right locations. Thus, finding profitable markets is a must.

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 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.

Unveiling Lucrative Investment Horizons in Geelong with Airbtics

To sum up, Geelong offers captivating investment opportunities with its harmonious mix of scenic beauty, cultural dynamism, and thriving economic landscape. The city’s relatively affordable housing market, along with its growing population, establishes Geelong as an attractive destination for property investors aiming for favorable financial returns. 

As the region continues to evolve, Geelong is emerging as a dynamic investment destination where the combination of coastal charm and economic vitality creates an attractive proposition for real estate investors.

Discovering where to invest in rental properties in Geelong is just the beginning of your investment journey. For those considering investing in short-term rentals in Geelong, Airbtics’ data analysis highlights the city’s potential for profit. Utilizing Airbnb research tools like the Airbtics dashboard is fundamental to identifying lucrative markets and optimizing listing locations. Discover the perfect spots and realize your investment dreams now!

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.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

  • Quick Links

Keep Reading

Annual Airbnb Revenue in Bozeman montana, USA

Bozeman, Montana| Airbnb Market Data & Overview | USA Bozeman, Montana Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Bozeman, …

Read More →
Subarrendamiento Airbnb Valencia
Subarrendamiento en Airbnb en Valencia

Estas interesado en conseguir la independencia financiera por medio de un ingreso pasivo? Te damos un aviso: no necesitas ser dueño de una propiedad como …

Read More →
Annual Airbnb Revenue in Cascade idaho, USA

Cascade, Idaho| Airbnb Market Data & Overview | USA Cascade, Idaho Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Cascade, …

Read More →
Annual Airbnb Revenue in Berwyn illinois, USA

Berwyn, Illinois| Airbnb Market Data & Overview | USA Berwyn, Illinois Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Berwyn, …

Read More →
best places to invest in manchester
Best Places to Invest in Airbnb in Manchester this 2023

Owning a STR in the best places to invest in Airbnb in Manchester can help you to secure a nice income stream. Learn more in …

Read More →
Annual Airbnb Revenue in Osage beach missouri, USA

Osage Beach, Missouri| Airbnb Market Data & Overview | USA Osage Beach, Missouri Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →

Categories
Airbnb Investment All About Airbnb

Best Suburbs to Invest in Greater Bendigo: Earn Up to A$60,125 with 73% Occupancy Rate

Best Suburbs to Invest in Greater Bendigo: Airbnb hosts in Bendigo can earn up to A$60,125 annually with a 73% occupancy rate for a 2-bedroom property, as confirmed by Airbtics’ analyzer.

Best Suburbs to Invest in Greater Bendigo: Earn Up to A$60,125 with 73% Occupancy Rate

best suburbs to invest in bendigo

Best Suburbs to Invest in Greater Bendigo: Earn Up to A$60,125 with 73% Occupancy Rate

Discover the key insights for successful property investment in Bendigo, including the best suburbs to invest in and its Airbnb metrics!

Best Suburbs to Invest in Greater Bendigo: Earn Up to A$60,125 with 73% Occupancy Rate

Key Takeaways

  • Bendigo presents itself as a dynamic destination for short-term rental investments, boasting a balanced economy, stable property market, and large number of overnight visitors.
  • Airbnb hosts in Bendigo can earn up to A$60,125 annually with a 73% occupancy rate for a 2-bedroom property, as confirmed by Airbtics’ analyzer.
  • Using Airbtics’ Airbnb Host Calculator, we’ve identified the top markets for short-term rental investments in Bendigo, providing data-driven insights for property investors striving for optimal returns.

Unveiling the Top Bendigo Suburbs for Lucrative Property Investments

The City of Greater Bendigo is situated in the central part of Victoria, a destination full of historical and cultural charm that blends its old architectural style with the contemporary perfectly.

With its welcoming atmosphere, fascinating history, and cultural attractions, Bendigo attracts a high influx of tourists yearly, earning the title of Victoria’s top tourism town. This coupled with its stable real estate market and balanced economy allows the city to be an attractive spot for real estate investments.

But, there are a few steps that you must take before purchasing a property and listing it on platforms like VRBO and Airbnb. For instance, it’s vital to run a data analysis to find out important factors like the market’s profitability, occupancy rates, seasonality, and more. With an Airbnb market report, you won’t be missing out on great opportunities as you will be able to strategize with data-driven insights.

Looking for the best suburbs to invest in Bendigo? In this article, you will discover the potential spots to invest in short-term rentals in Bendigo, including their essential Airbnb metrics. Keep reading, make informed decisions, and capitalize on the region’s unique appeal!

Why invest in Bendigo’s real estate market? 

Greater Bendigo features a bustling cultural scene for visitors and locals alike. Yet, it also offers an enticing market for property investors seeking to create a lucrative income stream through short-term rentals. Explore key reasons why investing in the property market in Bendigo is a wise idea:

  • STABLE PROPERTY MARKET

One of the biggest advantages of buying a property investment in Bendigo is its housing market since it has relatively affordable prices, allowing investors to enter the market at lower costs. Moreover, this also helps you to obtain a higher return on investment! The average house price in Bendigo is currently around A$523,750 for houses and A$430,000 for units.

Aside from its property values, the region has been experiencing steady demographic growth in recent years. This coupled with the region’s resilient economy, allows the housing market to grow favorably and increase its value appreciation. 

  • SOLID RENTAL MARKET

The rental market in Bendigo is strong considering its booming tourism sector and high demand for lettings due to the population increase. This opens the doors to hosts to a STR venture that allows them to generate a positive cash flow and high rental yields. 

  • TOP TOURISM TOWN

Bendigo caters to diverse interests with its thriving food and wine scene, vibrant cultural scene, fascinating history, and friendly community. This destination was recognized as one of the UNESCO Creative Cities of Gastronomy, attracting dozens of foodie lovers yearly. On top of that, the region’s gold rush heritage is also one of its touristic main attractions with historic buildings, parklands, and charming bluestone cobbled laneways. Now, most of these areas have been transformed into contemporary restaurants, cafes, and bars where you can enjoy exquisite dishes.

Considering its booming tourism sector, Bendigo also gained the title of Top Tourism Town by the Victoria Tourism Industry Council! Investors looking to cater to short-term accommodations for tourists can expect a rewarding experience! 

  • BALANCED AND FLUCTUATION-RESISTANT ECONOMY

With a steadily growing economy, Bendigo is a prosperous region that has experienced solid industrial and commercial development in recent years. While gold mining played a crucial role in its economic development, the region evolved and diversified its industries. As of now, Bendigo has different thriving sectors like education, healthcare, agriculture, and services.

Characterized by its resilience, adaptability, and a well-balanced array of industries, Greater Bendigo establishes itself as a dynamic economic hub in Victoria.

Is Airbnb Profitable in Bendigo?

Worried that a rental property in Bendigo won’t provide you with a good return on investment?  Put your inquiries to rest, as Airbtics is here to affirm their value! Bendigo provides plenty of opportunities for lucrative holiday rentals. In fact, Greater Bendigo stands out as one of the most profitable Airbnb locations in Australia

Let’s delve into Bendigo’s Airbnb market – According to Airbtics’ Airbnb ROI calculator, an Airbnb host in Bendigo can achieve an annual revenue of A$60,125 with a consistent occupancy rate of 73% when operating a 2-bedroom property.

Best Suburbs to Invest in Bendigo: Hotspots for Short-term rentals

Greater Bendigo presents great investment opportunities to property investors looking to secure a positive cash-on-cash return, but there’s still a major doubt: where should you invest in real estate in Bendigo? Additionally, before setting up their listings,  future Airbnb hosts should also consider the associated startup costs.

Go ahead and uncover the best suburbs for short-term rental investments in Bendigo:

airbtics-logo-300x87
Location Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
North Bendigo 31 3 bedrooms A$480,000 (3 BR) A$63,369 13.20%
Golden Square 33 3 bedrooms A$496,000 (3 BR) A$53,552 10.80%
Ironbark 20 3 bedrooms A$617,000 (3 BR) A$50,204 8.14%
Kennington 29 1 bedroom A$250,000 (1 BR) A$36,720 14.69%
Heathcote 40 2 bedrooms A$380,000 (2 BR) A$36,254 9.54%
Flora Hill 21 2 bedrooms A$385,000 (2 BR) A$29,593 7.69%

Location

Airbnb Dataset

  • Total Airbnb Listings: 31
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$480,000
  • Airbnb Annual Revenue: A$63,369
  • Gross Rental Yield: 13.20%
  • Total Airbnb Listings: 33
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$496,000
  • Airbnb Annual Revenue: A$53,552
  • Gross Rental Yield: 10.80%
  • Total Airbnb Listings: 20
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$617,000
  • Airbnb Annual Revenue: A$50,204
  • Gross Rental Yield: 8.14%
  • Total Airbnb Listings: 29
  • Best Number of Bedrooms: 1 bedroom
  • Median Property Price (1 bedroom): A$250,000
  • Airbnb Annual Revenue: A$36,720
  • Gross Rental Yield: 14.69%
  • Total Airbnb Listings: 40
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$380,000
  • Airbnb Annual Revenue: A$36,254
  • Gross Rental Yield: 9.54%
  • Total Airbnb Listings: 21
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$385,000
  • Airbnb Annual Revenue: A$29,593
  • Gross Rental Yield: 7.69%
Explore More Profitable Locations in Greater Bendigo!

A Guide to Spotting Potential Airbnb Rental Markets

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.

First, go ahead and explore real estate forums and conduct research on search engines to discover which locations are piquing significant interest among investors. This approach will allow you to sort your list. You should also utilize analytical tools to identify profitable STR markets, especially those that 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.

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 until you find which property type 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.

Bendigo – A Top Investment Hub with Profitable Airbnb Potential 

Bendigo stands out as a great investment destination. Its stable property market, robust rental sector, and resilient economy make the region an attractive hub for property investors looking to cater to short-term lettings. Additionally, Airbtics’ insights into Bendigo’s market reveal it as one of the most profitable Airbnb locations in Australia.

Exploring the best suburbs to invest in Greater Bendigo provides an excellent starting point for your venture into the real estate market in Victoria. Yet, it’s important to utilize resources to conduct an Airbnb analysis such as Airbtics Dashboard. Thus, investors like you will be able to streamline investment research! By leveraging dynamic data and insights, you can identify potential short-term rental markets, compare various property types, and make well-informed decisions that align with their investment goals.

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.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

  • Quick Links

Keep Reading

mejores zonas para invertir en Tenerife
Mejores Zonas para invertir en Airbnb en Tenerife en 2023

mejores zonas para invertir en Tenerife Métricas clave • La economía estable de Tenerife, el sólido mercado turístico y el alto nivel de vida han …

Read More →
Annual Airbnb Revenue in Morehead city north carolina, USA

Morehead City, North Carolina| Airbnb Market Data & Overview | USA Morehead City, North Carolina Airbnb Market Data & Overview USA Is it profitable to …

Read More →
Annual Airbnb Revenue in Simi valley california, USA

Simi Valley, California| Airbnb Market Data & Overview | USA Simi Valley, California Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
Annual Airbnb Revenue in Belfast maine, USA

Belfast, Maine| Airbnb Market Data & Overview | USA Belfast, Maine Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Belfast, …

Read More →
Annual Airbnb Revenue in Gretna louisiana, USA

Gretna, Louisiana| Airbnb Market Data & Overview | USA Gretna, Louisiana Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Gretna, …

Read More →
Annual Airbnb Revenue in Albuquerque new mexico, USA

Albuquerque, New Mexico| Airbnb Market Data & Overview | USA Albuquerque, New Mexico Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →

Categories
Airbnb Investment All About Airbnb

Best Place to Buy a Rental Property in NZ: STR Investments in New Zealand

Best Place to Buy a Rental Property in NZ: STR Investments in New Zealand: Wondering where to invest in New Zealand to secure a positive cash flow? Then you’d check the best place to buy a rental property in NZ!

Best Place to Buy a Rental Property in NZ: STR Investments in New Zealand

best place to buy a rental property in NZ

Best Place to Buy a Rental Property in NZ: STR Investments in New Zealand

Wondering where to invest in New Zealand to secure a positive cash flow? Then you’d check the best place to buy a rental property in NZ!

Best Place to Buy a Rental Property in NZ: STR Investments in New Zealand

Key Takeaways

  • New Zealand’s stunning landscapes, positive economic growth, and stability contribute to its attractiveness for both visitors and investors, creating a great environment for Airbnb real estate investments.
  • Discover what can you expect from real estate investments in New Zealand by knowing the the market dynamics and potential challenges.
  • Using Airbtics’ Airbnb Host Calculator, the top 13 markets for short-term rental investments in New Zealand have been identified, providing valuable insights for property investors seeking optimal returns.

Unveiling New Zealand’s Prime Short-Term Rental Hotspots

Located in the southwestern Pacific Ocean, New Zealand is a fascinating country featuring breathtaking natural beauty. With landscapes ranging from golden beaches and lush forests to majestic mountains, this island country has what it takes to leave a strong and lasting impact on those who visit.

Aside from its breathtaking beauty, NZ is also a profitable country to make an Airbnb real estate investment considering that it welcomes a large influx of overnight visitors and has a strong economy that continues to grow and evolve.

But, before investing in a STR property in New Zealand, you must run an Airbnb data analysis to get a better overview of the rental markets that you can target and determine the profitability based on important key metrics.

Looking for the best place to buy a rental property in NZ? In this article,  you will find the top cities for short-term rental investments in New Zealand with their Airbnb metrics. We also feature some advantages of investing in real estate and its legality in NZ!

Why Invest in a Rental Property in New Zealand? 

It’s a given fact that New Zealand is a haven for nature and adventure lovers. Moreover, it has been enjoying positive economic growth lately. Thanks to these points, this country has become a magnet for visitors and investors alike.

Here are the top reasons why you should invest in a buy-to-let property in NZ:

  • TOP SHORT-TERM RENTAL MARKET IN OCEANIA

Short-term rentals are a solid contributor to New Zealand’s economy and help locals earn a nice supplementary income amidst the rising living costs. According to Airbnb’s 2019 report, over 40% of international visitors stayed at an Airbnb in New Zealand! Moreover, New Zealand’s cities like Auckland and Queenstown became the top trending travel spots for 2022 and 2023 international travel.

Besides, New Zealand also ranks among the top STR markets in Oceania. So if you’re aiming to cater to short-term accommodations, New Zealand is a great choice. 

  • STRONG REAL ESTATE & RENTAL MARKETS

Another advantage of buying a property investment in NZ is its property market since it has experienced steady growth in the past few years. The demographic increase, resilient economy, and favorable tax structure are major factors that contributed to the housing market growth and its value appreciation. 

The rental market in NZ is strong considering its thriving tourism & business industry that allows the properties to generate a consistent cash flow and attractive rental yields. Digital platforms such as Airbnb and VRBO have gained a lot of popularity and have become a vital contributors to the country’s economy.

  • NEW ZEALAND OWNS A STRONG TOURIST MARKET

New Zealand is an attractive country that draws millions of tourists yearly. As one of the most fascinating destinations to visit, it ranks high when it comes to tourism! This island country welcomed around 1.4 million tourist arrivals in 2022, with an increase in international visitors. Moreover, visitor arrivals are forecast to reach 5.1 million by 2024, according to the MBIE.

Considering that New Zealand presents plenty of touristy towns and cities, listing a property can become a profitable business for investors.

  • A HIGH DEGREE OF ECONOMIC RESILIENCE

With a strong and resilient economy, New Zealand has proven its stability even in the face of global economic challenges like the COVID-19 pandemic. The country relies heavily on international trade, tourism, and agriculture. However, it has been presenting an increasing economic diversification in recent years that contribute to the real estate market’s attractiveness with lucrative opportunities.

Expectations When Buying a Property in New Zealand

Aside from the pros of buying an investment property in New Zealand, let’s discuss some cons so you can know what to expect when investing and living in this country. It’s always better to look at the two sides of each coin to properly set your expectations!

  • REAL ESTATE’S AFFORDABILITY AND COMPETITIVENESS

While NZ’s real estate market enjoys consistent growth, it also has downsides, and not everything can be rosy. If we take a look at the average housing market value of different cities in New Zealand, we can find that most of them are not budget-friendly. 

Thus, finding an affordable property can be quite a challenge if you have a limited budget and if you find one, you may need to invest plenty of time and money in renovating it. Living expenses and rent can be fairly expensive as well.

  • NEW ZEALAND IS PRONE TO NATURAL DISASTERS

Due to its geography and location, this island country is prone to natural hazards, particularly earthquakes, flooding, tsunamis, and volcanic eruptions. Despite the country’s strong building codes, the potential occurrence of such events can still affect both infrastructure and investments.

Is Airbnb legal in New Zealand?

Knowing Airbnb’s key metrics is important, but it’s also crucial to know about the Airbnb legality in the city you want to invest in. Broadly speaking, Airbnb is legal in New Zealand! 

Yet, you should check out the NZ local council’s short-term rental rules since some areas need you to register your properties and get resource consent. Additionally, owners should ensure coverage for short-term rentals and guarantee that their property is devoid of any potential dangers that might lead to accidents or injuries.

Moreover, since the Residential Tenancies Act general rule doesn’t apply to holiday lettings, landlords should create a rental agreement to cover both the owner and the renter. 

Property managers are also liable to tax on income received for providing short-term accommodation in NZ. Goods and services tax (GST) rules apply if your turnover is over $60,000. Hence, you’ll need to register for and file GST returns.

Best Place to Buy a Rental Property in NZ: Top STR Markets

New Zealand presents great investment prospects to property investors, but there’s still a major doubt: where should you invest in real estate in NZ? 

To figure out the best cities and towns for short-term rental investments in this country, we used Airbtics’ calculator and filtered 2-bedroom properties to find out the top 13 markets:

airbtics-logo-300x87
Location Airbnb Listings Airbnb Annual Revenue Occupancy Rate Median Property Price (2 BR) GRY
Queenstown 1,460 $53,472 83% $690,000 7.75%
Wellington 720 $46,694 94% $499,000 9.36%
Auckland 2,292 $42,408 95% $429,000 19.89%
Nelson 365 $38,105 95% $629,000 6.06%
Christchurch 923 $35,378 95% $415,000 8.52%
Hamilton 270 $33,672 92% $569,000 5.92%
Napier 356 $32,103 71% $450,000 7.13%
Gisborne 174 $31,863 83% $440,000 7.24%
Tauranga 279 $31,122 80% $539,500 5.77%
New Plymouth 278 $30,132 78% $495,000 6.09%
Rotorua 469 $29,616 74% $459,000 6.45%
Taupo 589 $29,130 64% $550,000 5.30%
Dunedin 337 $27,172 75% $470,000 5.78%

Location

Airbnb Dataset

  • Total Number of Airbnb Listings: 1,460
  • Airbnb Annual Revenue: $53,472
  • Occupancy Rate: 83%
  • Median Property Price (2 BR): $690,000
  • Gross Rental Yield: 7.75%
  • Total Number of Airbnb Listings: 720
  • Airbnb Annual Revenue: $46,694
  • Occupancy Rate: 94%
  • Median Property Price (2 BR): $499,000
  • Gross Rental Yield: 9.36%
  • Total Number of Airbnb Listings: 2,292
  • Airbnb Annual Revenue: $42,408
  • Occupancy Rate: 95%
  • Median Property Price (2 BR): $429,000
  • Gross Rental Yield: 19.89%
  • Total Number of Airbnb Listings: 365
  • Airbnb Annual Revenue: $38,105
  • Occupancy Rate: 95%
  • Median Property Price (2 BR): $629,000
  • Gross Rental Yield: 6.06%
  • Total Number of Airbnb Listings: 923
  • Airbnb Annual Revenue: $35,378
  • Occupancy Rate: 95%
  • Median Property Price (2 BR): $415,000
  • Gross Rental Yield: 8.52%
  • Total Number of Airbnb Listings: 270
  • Airbnb Annual Revenue: $33,672
  • Occupancy Rate: 92%
  • Median Property Price (2 BR): $569,000
  • Gross Rental Yield: 5.92%
  • Total Number of Airbnb Listings: 356
  • Airbnb Annual Revenue: $32,103
  • Occupancy Rate: 71%
  • Median Property Price (2 BR): $450,000
  • Gross Rental Yield: 7.13%
  • Total Number of Airbnb Listings: 174
  • Airbnb Annual Revenue: $31,863
  • Occupancy Rate: 83%
  • Median Property Price (2 BR): $440,000
  • Gross Rental Yield: 7.24%
  • Total Number of Airbnb Listings: 279
  • Airbnb Annual Revenue: $31,122
  • Occupancy Rate: 80%
  • Median Property Price (2 BR): $539,500
  • Gross Rental Yield: 5.77%
  • Total Number of Airbnb Listings: 278
  • Airbnb Annual Revenue: $30,132
  • Occupancy Rate: 78%
  • Median Property Price (2 BR): $495,000
  • Gross Rental Yield: 6.09%
  • Total Number of Airbnb Listings: 469
  • Airbnb Annual Revenue: $29,616
  • Occupancy Rate: 74%
  • Median Property Price (2 BR): $459,000
  • Gross Rental Yield: 6.45%
  • Total Number of Airbnb Listings: 589
  • Airbnb Annual Revenue: $29,130
  • Occupancy Rate: 64%
  • Median Property Price (2 BR): $550,000
  • Gross Rental Yield: 5.30%
  • Total Number of Airbnb Listings: 337
  • Airbnb Annual Revenue: $27,172
  • Occupancy Rate: 75%
  • Median Property Price (2 BR): $470,000
  • Gross Rental Yield: 5.78%
Explore More Profitable Locations in New Zealand!

A Guide to Finding Potential Airbnb Rental Markets with Airbtics

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.

First, go ahead and explore real estate forums and conduct research on search engines to discover which locations are piquing significant interest among investors. This approach will allow you to sort your list. You should also utilize analytical tools to identify profitable STR markets, especially those that 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.

best place to buy a rental property in NZ

Sometimes, your target location might not appear in the search results, but 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 what type of property offers the most appealing profit in your chosen area. 

One of the greatest advantages of dynamic data is that if you move and zoom in and out of your map, the data will also change accordingly.

You can repeat this process until you find which property type 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.

Maximizing Returns: Navigating New Zealand’s Real Estate Opportunities with Informed Insights

best place to buy a rental property in NZ

New Zealand is a destination of significant tourist importance and features a resilient economy and a strong real estate market. Additionally, most New Zealand cities can generate good rental yields and a nice stream of passive income that presents appealing opportunities for property investors. Yet, investors with a limited budget may avoid major urban areas in New Zealand as living costs and housing values can be quite expensive.

While there are many profitable cities and towns in New Zealand, it’s crucial to acknowledge the inherent risks associated with investing in a market without a comprehensive analysis of all relevant Airbnb KPIs. Therefore, it is recommended to conduct thorough market research using short-term rental analytics tools for accuracy like Airbtics since it can help investors and hosts to make data-driven decisions. Living in a digital era with limitless possibilities and benefits that simplify decision-making, we encourage you to take advantage of it to unveil the profitability of your chosen market in New Zealand!

Explore More Profitable Locations in New Zealand!

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

  • Quick Links

Keep Reading

Best Airbnb Markets in Hawaii

Best Airbnb Markets in Hawaii Best Places to Buy an Airbnb in Hawaii Last updated on: 15th April, 2024 USA / Hawaii These are the …

Read More →
Annual Airbnb Revenue in Newark and sherwood, UK

Newark and Sherwood| Airbnb Market Data & Overview | UK Newark and Sherwood Airbnb Market Data & Overview UK Is it profitable to do Airbnb …

Read More →
anaheim airbnb rules
Anaheim Airbnb Rules

Table of Contents Add a header to begin generating the table of contents Is Airbnb legal in Anaheim? The answer is, of course, yes. The …

Read More →
airbnb property for sale Cordoba City Center
Investing in Property for Sale: How to Buy A Profitable Property for Airbnb in Cordoba City Center

airbnb property for sale Cordoba City Center The charming city of Cordoba is located at the foot of the Sierra Morena in the Andalusian Community. …

Read More →
Annual Airbnb Revenue in Sunrise florida, USA

Sunrise, Florida| Airbnb Market Data & Overview | USA Sunrise, Florida Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Sunrise, …

Read More →
Annual Airbnb Revenue in Ship bottom new jersey, USA

Ship Bottom, New Jersey| Airbnb Market Data & Overview | USA Ship Bottom, New Jersey Airbnb Market Data & Overview USA Is it profitable to …

Read More →

Categories
Airbnb Investment All About Airbnb

Best Suburbs to Invest in Ballarat: Unlocking Airbnb Potential Markets

Looking for profitable markets in Ballarat? Explore the best suburbs to invest in Airbnb in Ballarat and enjoy a nice income stream!

Best Suburbs to Invest in Ballarat: Unlocking Airbnb Potential Markets

best suburbs to invest in Ballarat

Best Suburbs to Invest in Ballarat: Unlocking Airbnb Potential Markets

Looking for profitable markets in Ballarat? Explore the best suburbs to invest in Airbnb in Ballarat and enjoy a nice income stream!

Best Suburbs to Invest in Ballarat: Unlocking Airbnb Potential Markets

Key Takeaways

  • Ballarat’s economic stability, reasonable cost of living, appealing rental returns, and thriving tourism sector have created opportunities for property owners to generate a nice passive income from Airbnb properties.
  • Delve into the top lucrative suburban areas for real estate investments in Ballarat. We also feature essential Airbnb statistics for each location.
  • Airbnb hosts in Ballarat have the potential to earn an annual revenue of A$52,684 with a 50% occupancy rate for a 3-bedroom property, as confirmed by Airbtics’ analyzer.

Unlocking the Best Suburbs for Short-Term Rentals in Ballarat: A Property Investor’s Guide

In the Central Highlands of Victoria lies Ballarat, a destination known for its rich historical heritage, remarkable architectural landmarks, and significant involvement in the Australian gold rush during the 1850s.

Ballarat features a laid-back atmosphere, combining the peaceful nature of a small town with the convenience of being only a short drive away from Melbourne. But while it is a small city, it has experienced steady economic and real estate growth in recent years. For these reasons, the region became attractive to property investors looking to cater to short-term accommodations. 

Are you looking to invest in short-term rentals in Ballarat? Let us help you! We will mention which suburbs are the best places to invest in Airbnb in Ballarat and what to expect when it comes to real estate investments. Keep reading to find out more about this market!

Why should you consider targeting the Ballarat investment property market?

Ballarat presents an intriguing market for property investors looking to invest in short-term lettings, considering the numerous advantages it offers. Explore some of the top reasons why rental properties in Ballarat can be a lucrative business:

  • AFFORDABLE HOUSING

The real estate market in Ballarat has shown consistent growth in recent years, highlighting its strong investment potential. Moreover, the city is undergoing numerous infrastructure developments, which affect the housing market positively as there can be a positive increase in property values.

Although property prices have skyrocketed in many areas in Australia, Ballarat remains an affordable option compared to other metropolis. This opens the doors to high rental yields since investors can enter the real estate market at lower prices. The average property price in Ballarat is A$625K for houses and A$410K for units.

  • STEADY RENTAL DEMAND

Ballarat may be a small region, but there is a steady demand for both long-term and short-term rentals. This destination is home to a university that attracts a high influx of students and also features tourist sites that draw many overnight visitors. These factors, coupled with the growing population, allow the city to easily maintain a healthy demand for rental housing. 

Additionally, it should be known that the city is among the most profitable areas to invest in Airbnb in Australia. Hence, investors can see the Ballarat rental market in a positive light since there can be excellent opportunities just around the corner.

  • DIVERSE ECONOMY THAT KEEPS GROWING

Ballarat boasts a diverse and steadily growing economy with sectors like education, healthcare, manufacturing, and tourism that ensure economic stability. Additionally, the ongoing infrastructure projects have boosted employment and investment as of late, making the area an appealing location to live or do business.

  • WARM COMMUNITY WITH GREAT LIVING CONDITIONS

Ballarat is known for offering a high quality of life, with a welcoming community and quiet environment that blends the small-town charm with modern amenities. and a wide range of services and amenities. The city is home to the University of Ballarat and several top-tier schools, making it attractive to students and families seeking a quality education.

Moreover, Ballarat also features a cheaper cost of living and a wide variety of housing options to meet the needs of different people looking to relocate to this region.

  • THERE’S SO MUCH TO DISCOVER! 

Do not let Ballarat’s size fool you because this charming region is a popular tourist destination, known for its attractions like Sovereign Hill, an open-air museum that immerses visitors in the 1850s gold rush era. 

Ballarat’s charm extends to its historic architecture, with landmarks like the Ballarat Town Hall and the elegant Craig’s Royal Hotel beckoning you to take a leisurely stroll and appreciate the city’s heritage! The city is also home to the Ballarat Museum of Art, beautiful gardens, and hosts plenty of cultural events throughout the year. 

For nature enthusiasts, the surrounding countryside offers a gateway to hiking adventures, with scenic trails meandering through forests, parks, and the nearby Pyrenees mountain range, inviting exploration and outdoor enjoyment.

Is Airbnb Profitable in Ballarat?

Wondering whether Airbnb investments in Ballarat are worth your time and money? Stop worrying because Airbtics confirms that they are indeed worth it! Ballarat attracts a high influx of visitors due to attractions, cultural events and festivals, creating plenty of opportunities for short-term rentals.

Let’s have a glimpse of Ballarat’s Airbnb market – According to Airbtics’ free Airbnb analyzer data, an Airbnb host can obtain annual revenue of A$52,684 with a steady occupancy rate of 50% for operating a 3-bedroom property in Ballarat. 

Ballarat is an excellent location for investment, but it’s crucial to consider that your potential income can be influenced by factors such as the number of bedrooms in your property and its specific location. Additionally, analyzing metrics like the median property price is essential for identifying promising investment prospects

Ballarat Airbnb Rental Market: Most Profitable Locations for STR Accommodations

Before making hasty decisions, conducting Airbnb data analysis is a crucial step to pinpoint the ideal areas for establishing your listing, and ensuring the success of your rental property. This is important because investors must recognize that the profitability of short-term rentals varies depending on the specific location, resulting in different revenue levels.

Go ahead and check out the best suburbs to invest in Ballarat and are highly recommended for operating rental properties:

airbtics-logo-300x87
Location Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Golden Point 22 3 bedrooms A$562,500 (3 BR) A$51,624 9.18%
Central Ballarat 66 2 bedrooms A$490,000 (2 BR) A$51,183 10.45%
Lake Wendouree 22 3 bedrooms A$749,000 (3 BR) A$50,895 6.80%
Alfredton 15 3 bedrooms A$600,000 (3 BR) A$50,682 8.45%
Soldiers Hill 19 3 bedrooms A$615,000 (3 BR) A$50,064 8.14%
Ballarat East 15 1 bedroom A$364,950 (1 BR) A$46,272 12.6%

Location

Airbnb Dataset

  • Total Airbnb Listings: 22
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$562,500
  • Airbnb Annual Revenue: A$51,624
  • Gross Rental Yield: 9.18%
  • Total Airbnb Listings: 66
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$490,000
  • Airbnb Annual Revenue: A$51,183
  • Gross Rental Yield: 10.45%
  • Total Airbnb Listings: 22
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$749,000
  • Airbnb Annual Revenue: A$50,895
  • Gross Rental Yield: 6.80%
  • Total Airbnb Listings: 15
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$600,000
  • Airbnb Annual Revenue: A$50,682
  • Gross Rental Yield: 8.45%
  • Total Airbnb Listings: 19
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$615,000
  • Airbnb Annual Revenue: A$50,064
  • Gross Rental Yield: 8.14%
  • Total Airbnb Listings: 15
  • Best Number of Bedrooms: 1 bedroom
  • Median Property Price (1 bedroom): A$364,950
  • Airbnb Annual Revenue: A$46,272
  • Gross Rental Yield: 12.68%
Explore More Profitable Locations in Ballarat!

How to Spot Potential Airbnb Rental Markets?

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.

Harnessing Ballarat’s Investment Potential: Unveiling Lucrative Suburbs and Maximizing Returns

Ballarat’s real estate market offers a plethora of investment opportunities for real estate enthusiasts, thanks to its robust rental market, affordable housing and positive economic growth. However, amidst the numerous promising areas that guarantee strong rental returns and annual earnings, we highly recommend conducting a thorough exploration of all available options to avoid overlooking superior prospects.

Pinpointing the best suburbs to invest in Ballarat serves as the ideal starting point for your investment venture. Now, it’s time to take the next step with your research while using top-notch analytics tools like Airbtics that will help you improve profitability through well-informed, data-driven decisions.

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.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

  • Quick Links

Keep Reading

Annual Airbnb Revenue in Mcminnville oregon, USA

McMinnville, Oregon| Airbnb Market Data & Overview | USA McMinnville, Oregon Airbnb Market Data & Overview USA Is it profitable to do Airbnb in McMinnville, …

Read More →
Annual Airbnb Revenue in Mount pleasant south carolina, USA

Mount Pleasant, South Carolina| Airbnb Market Data & Overview | USA Mount Pleasant, South Carolina Airbnb Market Data & Overview USA Is it profitable to …

Read More →
Annual Airbnb Revenue In Ronda Spain

Ronda| Airbnb Market Data & Overview | Spain Ronda Airbnb Market Data & Overview Spain Is it profitable to do Airbnb in Ronda, Spain? What …

Read More →
Rental Arbitrage London
Rental Arbitrage London

Introduction Subletting a property in London is legal as long as a custom agreement is settled with the landlord. This process is also known as …

Read More →
Annual Airbnb Revenue in Winston salem north carolina, USA

Winston-Salem, North Carolina| Airbnb Market Data & Overview | USA Winston-Salem, North Carolina Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
Annual Airbnb Revenue in South lanarkshire, UK

South Lanarkshire| Airbnb Market Data & Overview | UK South Lanarkshire Airbnb Market Data & Overview UK Is it profitable to do Airbnb in South …

Read More →

Categories
Airbnb Investment All About Airbnb

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

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.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

  • Quick Links

Keep Reading

Annual Airbnb Revenue in Muskegon michigan, USA

Muskegon, Michigan| Airbnb Market Data & Overview | USA Muskegon, Michigan Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Muskegon, …

Read More →
Annual Airbnb Revenue in Longview washington, USA

Longview, Washington| Airbnb Market Data & Overview | USA Longview, Washington Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Longview, …

Read More →
Annual Airbnb Revenue in Royal palm beach florida, USA

Royal Palm Beach, Florida| Airbnb Market Data & Overview | USA Royal Palm Beach, Florida Airbnb Market Data & Overview USA Is it profitable to …

Read More →
1031 exchange for airbnb
1031 Exchange for Airbnb: How to File Your Property?

Home > Resources > Hosting Tips >  1031 Exchange for Airbnb: How to File Your Property? Hosting Tips 1031 Exchange for Airbnb: How to File Your …

Read More →
Annual Airbnb Revenue in Hillsborough north carolina, USA

Hillsborough, North Carolina| Airbnb Market Data & Overview | USA Hillsborough, North Carolina Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
best places to airbnb in barcelona
Best Places to Airbnb in Barcelona: A Guide to Real Estate Investment

best places to airbnb in barcelona Key Takeaways • The stable economy, booming labor market, and great quality of life in Barcelona have helped many …

Read More →

Categories
Airbnb Investment All About Airbnb

Best Suburbs in Toowoomba to Invest in Short-Term Rentals [2023]

Looking to target Toowoomba rental market? If so, here we’ll provide you with a list of the best suburbs in Toowoomba to invest in Airbnb!

Best Suburbs in Toowoomba to Invest in Short-Term Rentals [2023]

best suburbs in toowoomba to invest

Best Suburbs in Toowoomba to Invest in Short-Term Rentals [2023]

Looking to target Toowoomba rental market? If so, here we’ll provide you with a list of the best suburbs in Toowoomba to invest in Airbnb!

Best Suburbs in Toowoomba to Invest in Short-Term Rentals [2023]

Key Takeaways

  • Many property investors can benefit from a nice revenue stream from their Airbnb properties thanks to Toowoomba’s booming economy, affordable cost of living, and attractive rental yields.
  • Explore the most profitable suburban areas for real estate investments in Toowoomba, along with essential Airbnb statistics for each location.
  • In Toowoomba, Airbnb hosts have the potential to earn an annual income of A$35,083 with a 69% occupancy rate for a 2-bedroom property.

Unveiling Toowoomba’s Top Suburbs for Investment: Your Guide to the Best Rental Opportunities

Nestled on the crest of the Great Dividing Range in Queensland, Toowoomba features breathtaking scenery, a pleasant climate and a friendly atmosphere. Thanks to these factors, the region attracts people from all over the country while providing them with a wide variety of entertainment and activities all year round.

As one of the most profitable areas to invest in vacation rentals in Australia, Toowoomba has become quite the catch to property investors looking to earn a nice income stream. The region has been experiencing steady growth in recent years and features a stable real estate market, creating an investor-friendly environment.

Interested in identifying the most promising suburbs in Toowoomba that offer excellent investment prospects for rental properties? In this article, we feature the best suburbs in Toowoomba to invest in Airbnb and also provide insights into what you can expect when contemplating real estate investments in this region. Keep reading to learn more!

Main Reasons to Invest in Short-Term Rentals in Toowoomba

Toowoomba suburban areas present an attractive rental market for property investors, offering numerous advantages worth considering. Moreover, it also features some best Airbnb property management companies in Australia that you can team up with! 

Explore some of the key advantages that make rental properties in Toowoomba a potentially lucrative opportunity:

  • STABLE REAL ESTATE MARKET

There has been a steady increase in demand for property in Toowoomba due to the region’s population and economic growth. As a result, this creates a favorable environment for investors because it can increase asset values and yield solid returns.

Moreover, unlike larger Australian cities such as Sydney and Melbourne, Toowoomba has proven to be a more stable and predictable property market. Property prices tend to be more affordable and are not so influenced by extreme market fluctuations, which provides investors with greater confidence and security as well as the opportunity to earn solid long-term returns. Currently, the median house price in Toowoomba is A$631,876 and the average unit value is A$386,000 as confirmed by realestate.com.au.

  • GROWING RENTAL MARKET 

Toowoomba has experienced an ongoing demographic increase in recent years, with a rise in the local population and also through the arrival of new residents. This as well as the strong education sector has driven demand for housing, both to buy and to rent, which can be beneficial to property investors.

Considering the reasonable real estate market prices and the solid rental demand, landlords can certainly expect a high return on investment.

  • THRIVING ECONOMY & DIVERSE JOB MARKET

In Darling Downs, Toowoomba plays an important economic role as a major contributor to the region’s GRP. Overall, Toowoomba has experienced a consistent economic expansion in recent years. The region has a variety of booming industries, such as agriculture, business services, education, health and manufacturing. 

Additionally, Toowoomba has been solidifying its role as a prominent regional hub for business services. Some sectors that have seen remarkable growth and added value to the region are financial and insurance, professional, scientific, and technical services.

  • ENTICING LIVING CONDITIONS 

An enjoyable lifestyle with an affordable living cost, subtropical climate, green spaces, parks and a welcoming community is what Toowoomba offers. The region is popular for its gardens, festivals and cultural events, making it an attractive place to live and visit. Toowoomba also has a variety of high-quality schools and academic facilities like the University of Southern Queensland, opening the doors to great educational and research opportunities. 

Moreover, the Toowoomba region is constantly upgrading its infrastructure, including road expansion projects, public transport improvements and urban development. These improvements enhance the attractiveness of the region and can have a positive impact on long-term property values.

  • PLENTY OF THINGS TO DO

Toowoomba is full of exciting leisure options for all ages, so whether you’re up for outdoor activities or cultural attractions, you’ll absolutely find something for you here! 

One of the highlights of the region is its many gardens and green areas. It’s renowned for its numerous parks and beautiful botanical gardens, such as the Ju Raku En Japanese Garden and the Queens Park Botanical Garden. These places offer a peaceful haven where residents and visitors can relax and enjoy the natural beauty.

In addition to its scenic beauty, Toowoomba is also popular for its vibrant cultural and arts scene. The region hosts several festivals and events throughout the year, such as the Toowoomba Flower Festival and the Carnival of the Arts!

Is Airbnb Profitable in Toowoomba?

With the help of Airbtics, we can confirm that an Airbnb property investment in Toowoomba certainly is a great idea as investors can enjoy a rewarding financial experience! 

Let’s dive deeper into Toowoomba’s Airbnb market – Based on Airbtics’ free Airbnb calculator data, an Airbnb host can obtain annual revenue of A$35,083 with a steady occupancy rate of 69% for operating a 1-bedroom apartment in Toowoomba City. 

Toowoomba is a fantastic place to invest in rental properties, but there are a few things to keep in mind. For example, the number of bedrooms in the property and your location can determine the amount of money you can generate.

Toowoomba Rental Markets: The Best Suburbs to Invest in 2023

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.

Feel free to explore the prime suburban areas in Toowoomba for property investments and are highly recommended for Airbnb listings:

airbtics-logo-300x87
Location Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Middle Ridge 13 3 bedrooms A$770,000 (3 BR) A$76,181 9.89%
East Toowoomba 57 3 bedrooms A$680,000 (3 BR) A$68,637 10.01%
Mount Lofty 13 3 bedrooms A$598,000 (3 BR) A$62,227 10.41%
Rangeville 15 3 bedrooms A$549,000 (3 BR) A$55,834 10.17%
South Toowoomba 13 2 bedrooms A$390,000 (2 BR) A$41,382 10.61%
Newtown 20 2 bedrooms A$388,000 (2 BR) A$45,839 11.81%

Location

Airbnb Dataset

  • Total Airbnb Listings: 13
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$770,000
  • Airbnb Annual Revenue: A$76,181
  • Gross Rental Yield: 9.89%
  • Total Airbnb Listings: 57
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$680,000
  • Airbnb Annual Revenue: A$68,637
  • Gross Rental Yield: 10.01%
  • Total Airbnb Listings: 13
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$598,000
  • Airbnb Annual Revenue: A$62,227
  • Gross Rental Yield: 10.41%
  • Total Airbnb Listings: 15
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$549,000
  • Airbnb Annual Revenue: A$55,834
  • Gross Rental Yield: 10.17%
  • Total Airbnb Listings: 13
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$390,000
  • Airbnb Annual Revenue: A$41,382
  • Gross Rental Yield: 10.61%
  • Total Airbnb Listings: 20
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$388,000
  • Airbnb Annual Revenue: A$45,839
  • Gross Rental Yield: 11.81%
Explore More Profitable Locations in Toowoomba!

A Guide on How to Find Rental Markets with Advanced Tools and Insights

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 and its data accuracy allow 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.

Seizing Toowoomba’s Real Estate Potential: A Roadmap to Smart Investment in the Airbnb Market

Toowoomba’s property market presents a myriad of investment prospects for real estate investors & enthusiasts thanks to its stable economic and demographic growth rate as well as booming rental market and affordable living costs. However, in the midst of numerous promising areas where one can generate high rental returns and yearly income, it’s strongly advised to explore all available options thoroughly. This comprehensive approach will ensure you don’t miss out on better opportunities.

To start your journey into the rental market in Toowoomba, identifying the best and most suitable suburbs to invest in holiday properties stands as a crucial first step. Now, it’s the perfect time to continue your research by making use of analytics tools like Airbtics. Taking advantage of reliable tools will empower you to make informed investment decisions driven by data while also helping 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.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

  • Quick Links

Keep Reading

Annual Airbnb Revenue in Monroe michigan, USA

Monroe, Michigan| Airbnb Market Data & Overview | USA Monroe, Michigan Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Monroe, …

Read More →
Annual Airbnb Revenue in Plano texas, USA

Plano, Texas| Airbnb Market Data & Overview | USA Plano, Texas Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Plano, …

Read More →
Annual Airbnb Revenue in Yorba linda california, USA

Yorba Linda, California| Airbnb Market Data & Overview | USA Yorba Linda, California Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
Annual Airbnb Revenue in Edgewater florida, USA

Edgewater, Florida| Airbnb Market Data & Overview | USA Edgewater, Florida Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Edgewater, …

Read More →
Annual Airbnb Revenue in Easley south carolina, USA

Easley, South Carolina| Airbnb Market Data & Overview | USA Easley, South Carolina Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
Annual Airbnb Revenue in Woburn massachusetts, USA

Woburn, Massachusetts| Airbnb Market Data & Overview | USA Woburn, Massachusetts Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Woburn, …

Read More →

Categories
Airbnb Investment All About Airbnb

Best Suburbs to Invest in Wollongong: Profitable Areas for Short-Term Rentals

Best Suburbs to Invest in Wollongong: Profitable Areas for Short-Term Rentals: Are you an investor looking to invest in real estate? Here, we share some of the best suburbs you’ll want to consider to invest in Wollongong!

Best Suburbs to Invest in Wollongong: Profitable Areas for Short-Term Rentals

best suburbs to invest in wollongong

Best Suburbs to Invest in Wollongong: Profitable Areas for Short-Term Rentals

Are you an investor looking to invest in real estate? Here, we share some of the best suburbs you’ll want to consider to invest in Wollongong!

Key Takeaways

  • Thanks to Wollongong’s robust economic stability, reasonable cost of living and appealing rental returns many property investors can enjoy a nice income stream from their Airbnb properties.
  • Delve into the top lucrative suburban areas for real estate investments in Wollongong, including important Airbnb statistics for each location.
  • Airbnb hosts can potentially earn an annual revenue of A$68,441 with an occupancy rate of 72% for a 2-bedroom property in Wollongong.

Wollongong’s Coastal Charm: Your Guide to the Best Suburbs for Property Investments

The coastal city of Wollongong, located in New South Wales, is renowned for its white sandy beaches, scenic landscapes, and vibrant cultural scene. Nestled between the Illawarra escarpment and the Pacific Ocean, the area provides visitors and locals alike with a unique blend of natural beauty and urban amenities!

This welcoming city is quite a popular tourist destination in NSW, not only because it’s located near Sydney but also because of its stunning beaches and lively social scene. Wollongong little by little became an ideal for those looking to escape the urban hustle and bustle! And, as of late, the region has also been drawing the attention of property investors with its attractive investment prospects since it’s one of the top cities to invest in STRs in Australia.

Curious about which suburbs in Wollongong present prime investment opportunities for rental properties? In this article, we unveil the best suburbs to invest in Airbnb in Wollongong and what to anticipate when considering real estate investments in this region. Keep reading to discover more!

Top Reasons to Invest in Wollongong Real Estate

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: 

  • Prosperous rental market

Wollongong’s rental market is currently characterized by prosperity and affordability. Due to the region’s attractive coastline location and urban amenities, there continues to be a high demand for rental dwellings. Additionally, Wollongong is relatively cheaper than some of its neighboring cities, so it became a desirable location for both residents and investors. However, it may be quite difficult for investors with a limited budget to find affordable properties near tourist zones.

If you’re looking to cater to vacation accommodations, then you can enjoy this dazzling coastal charm while teaming up with some of the best companies that manage Airbnb Rentals in Australia!

  • Solid economy with a sustainable development

In the Illawarra region, Wollongong is a major economic hub with a diversified economy with a mix of traditional industries and emerging sectors. The area encompasses a variety of industries like healthcare, tech, education and research, manufacturing, tourism and retail, which all serve as major driving forces that contribute to the region’s economic prosperity. 

On top of that, the greater Wollongong area has grown steadily and sustainably over the past few years.

  • Enticing living conditions

Wollongong offers a high quality of life with a combination of a welcoming community, low pollution and good amenities. The region is known for its friendly environment, welcoming people from diverse cultures, and creating an inclusive and vibrant environment.

Residents and visitors alike can easily explore the region facilitating mobility within the CBD and other areas. It provides a modern and efficient infrastructure, including roads, efficient public transport and rail links.

Additionally, Wollongong is also home to prestigious educational institutions like the University of Wollongong, which is known for its academic excellence and research programs that attract local and international students. This also helps generate a steady demand for student housing and rental properties.

  • Enjoy this coastal city’s stunning scenery

If you enjoy being surrounded by nature while also getting to experience a vibrant cultural scene, then you will surely love Wollongong! 

Nestled between the Illawarra escarpment and the Pacific Ocean, Wollongong offers a unique blend of natural beauty and urban amenities. With its stunning coastal location, the area is blessed with numerous pristine beaches, including Wollongong City Beach, and Port Kembla Beach, making it a popular destination for water activities like swimming and surfing. On the other hand, the Illawarra Escarpment State Conservation Area and the Royal National Park provide ample opportunities for hiking, bushwalking, and birdwatching.

Aside from its natural attractions, Wollong features a diverse range of cultural and recreational activities. The area is known for its lively arts and music scene, with several theaters, galleries, and live music venues showcasing local talent. 

Is Airbnb Profitable in Wollongong?

Are you concerned if Wollongong Airbnb investments are worth spending your time and money on? Let us confirm that they are absolutely worthwhile! In fact, Wollongong is ranked among the finest cities in NSW to invest in Airbnb!

Let’s take a quick look at Wollongong’s Airbnb potential – According to Airbtics’ free Airbnb calculator data, an Airbnb host can obtain annual revenue of A$68,441 with a steady occupancy rate of 72% for operating a 2-bedroom property in Wollongong. 

If you’re looking to invest in rental properties, then Wollongong certainly is a great place to target, but there are a few things to consider: the number of bedrooms of the property and where you’re located can affect how much income you can obtain.

Rental Properties in Wollongong: Prime Suburbs for Airbnb Investments 

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 Wollongong and are highly recommended for managing an Airbnbl property:

airbtics-logo-300x87
Location Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Woonona 36 4 bedrooms A$1,485,000 (4 BR) A$143,556 9.67%
Port Kembla 15 3 bedrooms A$809,000 (3 BR) A$135,678 16.77%
Austinmer 28 2 bedrooms A$970,000 (2 BR) A$132,311 13.64%
Thirroul 43 3 bedrooms A$1,046,500 (3 BR) A$105,042 13.64%
Warilla 22 2 bedrooms A$609,000 (2 BR) A$57,691 9.47%
Central Wollongong 125 2 bedrooms A$670,000 (2 BR) A$57,117 8.52%
North Wollongong 16 1 bedroom A$430,000 (1 BR) A$54,090 12.58%
Shellharbour 25 1 bedroom A$559,000 (1 BR) A$53,154 9.51%

Location

Airbnb Dataset

  • Total Airbnb Listings: 36
  • Best Number of Bedrooms: 4 bedrooms
  • Median Property Price (4 bedrooms): A$1,485,000
  • Airbnb Annual Revenue: A$143,556
  • Gross Rental Yield: 9.67%
  • Total Airbnb Listings: 15
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$809,000
  • Airbnb Annual Revenue: A$135,678
  • Gross Rental Yield: 16.77%
  • Total Airbnb Listings: 28
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$970,000
  • Airbnb Annual Revenue: A$132,311
  • Gross Rental Yield: 13.64%
  • Total Airbnb Listings: 43
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$1,046,500
  • Airbnb Annual Revenue: A$105,042
  • Gross Rental Yield: 10.04%
  • Total Airbnb Listings: 22
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$609,000
  • Airbnb Annual Revenue: A$57,691
  • Gross Rental Yield: 9.47%
  • Total Airbnb Listings: 125
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$670,000
  • Airbnb Annual Revenue: A$57,117
  • Gross Rental Yield: 8.52%
  • Total Airbnb Listings: 16
  • Best Number of Bedrooms: 1 bedroom
  • Median Property Price (1 bedroom): A$430,000
  • Airbnb Annual Revenue: A$54,090
  • Gross Rental Yield: 12.58%
  • Total Airbnb Listings: 25
  • Best Number of Bedrooms: 1 bedroom
  • Median Property Price (1 bedroom): A$559,000
  • Airbnb Annual Revenue: A$53,154
  • Gross Rental Yield: 9.51%
Explore More Profitable Locations in Wollongong!

How to Find High-Yield Rental Markets?

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.

Wollongong’s Airbnb Market: Smart Suburb Selection and Data-Driven Insights for Savvy Investors

Wollongong’s real estate landscape offers a plethora of investment opportunities for real estate investors, thanks to its growing rental market and affordable cost of living. But, while there are many lucrative areas that can yield high rental returns and annual income, we strongly recommend that you thoroughly explore all available options. This will help you avoid missing out on better opportunities.

To kickstart your rental venture in Wollongong, pinpointing the best suburbs to invest in is a crucial initial step. And now it’s time to take your research to the next level by using cutting-edge analytics tools such as Airbtics. These tools will help you make smart, data-informed investment decisions that will allow you to maximize 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.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

  • Quick Links

Keep Reading

Liverpool airbnb rental arbitrage
Airbnb Rental Arbitrage in Liverpool

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental …

Read More →
Annual Airbnb Revenue in Bonita springs florida, USA

Bonita Springs, Florida| Airbnb Market Data & Overview | USA Bonita Springs, Florida Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
best places to Airbnb in Bilbao
Best Places to Airbnb in Bilbao: Where to Invest in Real Estate 2023?

best places to Airbnb in Bilbao Key Takeaways • The economic stability and great quality of life of Bilbao have helped many property investors to …

Read More →
Annual Airbnb Revenue in Cottage grove oregon, USA

Cottage Grove, Oregon| Airbnb Market Data & Overview | USA Cottage Grove, Oregon Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
Annual Airbnb Revenue in Oceano california, USA

Oceano, California| Airbnb Market Data & Overview | USA Oceano, California Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Oceano, …

Read More →
Annual Airbnb Revenue in Lake forest park washington, USA

Lake Forest Park, Washington| Airbnb Market Data & Overview | USA Lake Forest Park, Washington Airbnb Market Data & Overview USA Is it profitable to …

Read More →

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!