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Best Areas to Invest in Airbnb in South Australia: Top rental markets near Adelaide

 best areas to invest in south australia

Key Takeaways

South Australia’s thriving economy, strong tourist market, affordable property prices and cost of living have helped various hosts to earn a nice income stream.

• Find out what real estate investors can expect when investing in Airbnb properties in Adelaide and nearby areas. 

• Discover the top rental markets for property investments around South Australia along with their respective Airbnb data.

Introduction

Nestled in the southern central part lies the state of South Australia, a natural paradise with charming cities and small towns. It’s quite easy to fall in love with this state since it offers renowned wineries, natural wonders, and a great cultural scene.

The capital of SA, Adelaide stands out as one of the most elegant cities in Australia with its picturesque streets filled with trees and sophisticated architecture. With a thriving economy, a strong housing market, and an enviable lifestyle, Adelaide surely is able to draw the attention of real estate investors.

Adelaide is a city that offers plenty of investment opportunities. In fact, in our previous blog where we talked about the most profitable Airbnb cities in Australia, Adelaide took 4th place with an average annual revenue of A$57,451

In this article, we talk about the best areas to invest in rental properties in South Australia, including the top suburbs in Adelaide. You will also find out what expectations to have for real estate investments here. Continue reading to learn more.

Why should you consider buying investment property in Adelaide?

Adelaide is 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 investment properties in Adelaide are an excellent idea: 

  • Driving force behind SA’s economy

Overall, Adelaide’s economy has a consistent high performance and continues to flourish as time passes. The city is home to most major corporations in the South Australia area since it’s the center of government and commerce. As a matter of fact, Adelaide is the engine power of SA’s economy, contributing around 20% of the economic output.

  • Affordable living cost

When it comes to the affordability of living expenses and housing prices, Adelaide is indeed an attractive market for real estate investors. The city is one of the cheapest major cities in Australia to live in along with Perth with fairly low costs in categories like rent, transportation, food and entertainment.

According to realestate.com.au, the average property price in Adelaide ranges from A$781,000 for houses to A$465,000 for units.

  • Most liveable city

One of the main reasons for the population growth in Adelaide aside from its affordable living cost is the great quality of life that residents can enjoy here. The city has a laidback lifestyle and you can have access to top-quality amenities, healthcare services, public transportation system, and education.

The safe and clean environment, as well as the infrastructure and impeccable recreational facilities, helped Adelaide to rank high as one of the most liveable cities in Australia and also in the world.

  • Enjoy unique adventures

Are you an outdoor enthusiast or enjoy admiring nature while taking a stroll? Then let us tell you that you will love Adelaide since the city is surrounded by one of the most astonishing natural landscapes and is close to white-sand beaches and the best wine regions. 

But not only the natural surroundings stand out in Adelaide because you can’t miss the opportunity to have the best cultural experiences! There are plenty of museums, theaters, and art galleries throughout the city. Furthermore, Adelaide is widely known for its world-renowned festivals and events such as the WOMADelaide, Adelaide Hills Crush Festival, Barossa Vintage Festival and many others. 

Is Airbnb Profitable in Adelaide?

Worried that your investment may not end up being fruitful? Don’t worry because Airbtics confirms that Airbnb Investment Properties in Adelaide are profitable. Yet, investors should keep in mind that the level of profitability is also defined by factors like property type and location.

Butif you’re still hesitating about purchasing an investment property, you can always start your journey doing rental arbitrage in Adelaide, which is a legal way of earning passive income with a minimal budget! Either way, it’s best to be prepared beforehand and learn about the existing Airbnb rules to run your listing smoothly

According to Airbtics’ data, an Airbnb host can expect annual revenue of A$70,444 with a steady occupancy rate of 95% for operating a 2-bedroom property in Adelaide. With over 1,833 Airbnb listings and a low seasonality of 32%, Adelaide certainly is a catch to property investors.

best areas to invest in south australia

Best rental markets for rental properties around Adelaide, South Australia

Adelaide has plenty of unique suburbs so you may wonder: where to invest in Adelaide? Let us lend you a hand! Check out the best neighborhoods in Adelaide and nearby cities in South Australia that are highly recommended for starting an Airbnb business:

1. Glenelg, Adelaide
  • Total Number of Airbnb Listings: 102
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): A$469,000
  • Airbnb Annual revenue: A$81,145
  • Gross rental yield: 17.30%
2. Downtown Adelaide
  • Total Number of Airbnb Listings: 406
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): A$420,000
  • Airbnb Annual revenue: A$72,269
  • Gross rental yield: 17.21%
3. North Adelaide
  • Total Number of Airbnb Listings: 89
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): A$390,000
  • Airbnb Annual revenue: A$64,932
  • Gross rental yield: 16.65%
4. Henley Beach, Adelaide
  • Total Number of Airbnb Listings: 63
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): A$430,000
  • Airbnb Annual revenue: A$67,475
  • Gross rental yield: 15.69%
5. McLaren Vale, Adelaide
  • Total Number of Airbnb Listings: 80
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): A$510,000
  • Airbnb Annual revenue: A$79,992
  • Gross rental yield: 15.68%
6. Aldinga Beach, Adelaide
  • Total Number of Airbnb Listings: 109
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): A$519,000
  • Airbnb Annual revenue: A$74,709
  • Gross rental yield: 14.39%
7. Tanunda, SA
  • Distance from Adelaide: 76 kilometers
  • Total Number of Airbnb Listings: 148
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): A$491,000
  • Airbnb Annual revenue: A$99,812
  • Gross rental yield: 20.33%
8. Port Elliot, SA
  • Distance from Adelaide: 81 kilometers
  • Total Number of Airbnb Listings: 156
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): A$630,000
  • Airbnb Annual revenue: A$93,240
  • Gross rental yield: 14.08%
9. Victor Harbor, SA
  • Distance from Adelaide: 83 kilometers
  • Total Number of Airbnb Listings: 157
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): A$500,000
  • Airbnb Annual revenue: A$65,242
  • Gross rental yield: 13.04%
10. Kingscote, SA
  • Distance from Adelaide: 187 kilometers
  • Total Number of Airbnb Listings: 118
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): A$318,530
  • Airbnb Annual revenue: A$73,742
  • Gross rental yield: 23.15%

Conclusion

Overall, nearby cities and neighborhoods in Adelaide offer a variety of attractive investment opportunities to property investors. While South Australia has plenty of cities that guarantee a nice passive income, it is still recommended to analyze all the options with care. So, we recommend making use of Airbtics’ Airbnb income calculator.

Getting to know the best places to Airbnb in South Australia is an excellent way to start your investment journey. Make data-based decisions with Airbtics and maximize profitability now!

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Blog posts Case studies & Insights Investment

Where to Invest in Adelaide: March 2023

Key Takeaways
  • Airbnb confirms that as the inflation in Australia continues to rise, more hosts are able to cope by joining the Airbnb community. Particularly in Adelaide, where the rental population is 50%, making it ideal for property investment.
  • There are several exciting events in Adelaide that attract more Airbnb guests. This boomerangs to an increase in revenue for Airbnb hosts! Discover the most recommended areas for property investment in 2023.
  • Learn about the major events in Adelaide and which areas make it ideal for Airbnb investment based on accurate Airbnb analytics.

Introduction

The travel industry in Australia is one of the major contributors to earning billions of dollars in the country. Particularly after the pandemic restrictions have been lifted, more tourists are enticed to travel for work, vacation, or sometimes both! 

Adelaide, the capital city of South Australia, has one of the highest Airbnb occupancy rates. And it’s no surprise why – this city offers more than just wine and festivals.

This is where most investors get the opportunity to enjoy a stable revenue from property investments. But note that not all properties can generate a great return – so where are the best places to invest in Adelaide?

In this article, we’ll feature just that. One of the highlights of this blog is the upcoming major events in Adelaide this March of 2023. Continue reading to learn more as we feature expert tips for property investors!

Is Adelaide a Good Place for Investment Property?

According to Airbtics’ data, Adelaide is certainly a good place for investment property. 

An Airbnb host can expect a strong occupancy rate of 84% and annual revenue of A$59,408 in Adelaide. And this revenue is just for operating a 1-bedroom apartment/condo, so you can expect more if you own more than 1 property that can cater to more guests.

Apart from the city’s strong rental yield which has a year-over-year increase of 14%, Adelaide is also one of the top-performing property markets in Australia. If you want to test the waters in this market first, rental arbitrage is always an excellent option to try Airbnb.

What are the Major Events in Adelaide? 

The major events in Adelaide play a huge role in the steady Airbnb occupancy rate and whopping annual revenue for hosts. These events typically attract more tourists, particularly this March of 2023. Check out some of the major events that property investors and Airbnb hosts should take note of:

1. Adelaide Festival

The most popular Adelaide Festival consists of 52 various events that last for 17 exciting days. This event started on March 3rd and lasts until the 19th, so there’s no surprise that the accommodation has consistently spiked demand.
Adelaide festival is celebrated annually and showcases theatre, dance, and music among others. 

In fact, Airbnb has partnered with Adelaide Fringe to avoid the shortage of accommodation. Property investors and Airbnb hosts can expect to cater to more tourists for the entire duration of this festival.

Where to invest in Adelaide

According to Airbtics’ data, an average host nearby Adelaide Festival Centre can expect an annual revenue of A$66,096 for a 2-bedroom apartment/condo alone.
It was also discovered that the highest revenue within the area last 2022 was in April. A market’s seasonality is important to expect revenue shifts in the Airbnb business. Low seasonality such as 45% does not also mean that investing in that area is not profitable because it still gets year-round bookings.

2. Womadelaide

WOMADelaide, also known as the World Of Music Arts & Dance in Adelaide, is one of the unique festivals showcasing the Australian festival landscape. This world festival has been celebrated since 1992.
Known as an award-winning celebration in South Australia, Womadelaide is a 4-day festival that starts from March 10-13, 2023. Festival City Adelaide confirms that this event created around 52,300 visitor nights in South Australia. You can imagine the total revenue that Airbnb hosts nearby can enjoy because of this!
To confirm this, we’ve taken a look at the Airbnb data near King William Road where Womadelaide Festival takes place.

Where to invest in Adelaide

Airbtics confirm that an average host nearby Womadelaide can expect an annual revenue of A$52,352 for a 1-bedroom apartment/condo alone. Its seasonality is at 43%, where an Airbnb host can expect the highest revenue in the month of April.

Where to Invest in an Airbnb property in Adelaide, Australia?

There are several Airbnb host expenses to consider, but the most crucial part is deciding the property’s location. While there are plenty of properties in Adelaide, not all of them can guarantee a good return.
So it leads you to the final question, where can you invest in an Airbnb property in this city? Discover the most recommended neighborhoods for buying an Airbnb property in Adelaide:

1. Adelaide CBD
  • Airbnb occupancy rate: 88%
  • Average daily rate: A$188
  • Airbnb annual revenue: A$63,858
  • Best property size: 2 bedrooms
  • Existing Airbnb listings: 419 listings
2. Henley Beach
  • Airbnb occupancy rate: 84%
  • Average daily rate: A$193
  • Airbnb annual revenue: A$67,343
  • Best property size: 2 bedrooms
  • Existing Airbnb listings: 63 listings
3. Semaphore
  • Airbnb occupancy rate: 93%
  • Average daily rate: A$183
  • Airbnb annual revenue: A$66,905
  • Best property size: 2 bedrooms
  • Existing Airbnb listings: 29 listings

Takeaway

In general, Airbnb data shows that property investment in Adelaide can truly help hosts to achieve financial freedom. In fact, with or without the major events occurring annually, hosts can still expect to earn a steady revenue in the city.

Now that you have a clear overview of where to invest in Adelaide, take the next step by comparing Airbnb data in other cities. If you’re looking to invest in a property in Australia, using an Airbnb income calculator will help you make data-based decisions. 

Wondering which area of Adelaide has the highest rental yield? With one click, you can easily discover this.

Don’t make the wrong investment decisions based on guesses, try Airbtics now and stand out among your competitors!

Categories
Blog posts Investment

Investing in Property for Sale: How to Buy A Profitable Property for Airbnb in Adelaide City Centre

airbnb property for sale adelaide city centre

Are you looking to invest in a property where you can maximize profitability in a particular region? If yes, then it’s certainly a must to consider the major things to look out for when buying a property for Airbnb. While Airbnb rental arbitrage in Adelaide is fairly popular and does not require you to purchase a property, it’s still the best to learn about buying a property for Airbnb and making sure that it’s profitable.

Aside from a property’s fascinating architectural design, proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability. Airbnb occupancy rates in Australia vary according to their respective cities and it’s important to learn more about these metrics before you begin.

In this article, we’ll discuss the Airbnb metrics in order to gauge the best property investment, specifically when buying a property investment in Adelaide, Australia. This includes the best website recommendations for property investment, defining property gross rental yield, cash-on-cash return, and monthly revenue, along with some of the most ideal and profitable properties according to their location.

Adelaide is known for plenty of wondrous festivals and sporting events, its coastline and hills, and of course – food and wine! This city boasts affordable real estate property prices that are almost half of that of major cities such as Sydney. In addition to this, Airbnb rules in Adelaide state that it’s legal to operate as long as it is registered and approved by the commission.

Since Adelaide is crowned as the 3rd most liveable city, it’s no wonder that it has become a haven for property investment.

Is Property Investment Profitable in Adelaide City Centre?

Australia is known to be one of the fastest-growing property markets across the globe. This means that the country has a wide variety of profitable property investments offering higher yields. Using an Airbnb calculator, it was discovered that a 3-bedroom apartment in Adelaide City Centre can generate an annual revenue of A$49,963 with a steady occupancy rate of 42% and a nightly rate of A$309.

airbnb property for sale adelaide city centre

airbnb property for sale adelaide city centre

Profitable Properties for Sale in Adelaide City Centre

Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. It’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage. 

At the same time, it’s even better when a property investor like you conducts research about predicted growths and market forecasts. Here are some of the profitable properties in Adelaide City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:

airbnb property for sale adelaide city centre
airbnb property for sale adelaide city centre

 301/304 Waymouth Street, Adelaide SA 5000

1. Studio-type Property for Sale Adelaide
2 min walk to the City West Campus of the University of South Australia

Asking Price: A$129,000

GROSS RENTAL YIELD 16.88%
ANNUAL REVENUE A$21,772
CASH ON CASH RETURN 24.87%
airbnb property for sale adelaide city centre

160 Rundle Mall, Adelaide SA 5000

2. 1-Bedroom Property for Sale Adelaide
Near Rundle Mall Shopping Complex

Asking Price: A$125,000

GROSS RENTAL YIELD 34.49%
ANNUAL REVENUE A$43,109
CASH ON CASH RETURN 77.69%
airbnb property for sale adelaide city centre
2-Bedroom Property for Sale Adelaide

111/61 Hindmarsh Square, Adelaide, SA 5000

3. 2-Bedroom Property for Sale Adelaide
Close to Adelaide Convention Centre

Asking Price: A$295,000

GROSS RENTAL YIELD 17.90%
ANNUAL REVENUE A$52,799
CASH ON CASH RETURN 27.93%
3-Bedroom Property for Sale Adelaide
3-Bedroom Property for Sale Adelaide

George Crawford Road, Crewe, Cheshire CW1

4. 3-Bedroom Property for Sale Adelaide
3.2 miles to Sandbach

Asking Price: A$240,000

GROSS RENTAL YIELD 25.60%
ANNUAL REVENUE A$61,438
CASH ON CASH RETURN 47.96%
4-Bedroom Property for Sale Adelaide
4-Bedroom Property for Sale Adelaide

 1 Rodney Avenue INGLE FARM

5. 4-Bedroom Property for Sale Adelaide
Located just around the corner from Walkley Park Reserve

Asking Price: A$495,000

GROSS RENTAL YIELD 20.96%
ANNUAL REVENUE A$103,767
CASH ON CASH RETURN 37.12%

Conclusion

Since Airbnb is rapidly increasing and constantly changing for each city in the world, it is crucial to make decisions based on wild guesses. The data points mentioned in this article for Adelaide such as Airbnb occupancy rates, annual revenue, and average daily rate should be the primary basis before investing in a property. 

Hence, if the data presented above has given you ideas to boost your strategic pricing plan for your business, then an Airbnb rental arbitrage calculator is certainly what you need for success in the long run. It’s a fact that some of the STR investors are also considering Airbnb Rental Arbitrage, but they still need to have a reliable data tool on to base their conclusions! 

As we live in a digital era, an accurate data analytics tool can help your business stand out among your surrounding competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city.

Airbtics
Categories
Blog posts Rental Arbitrage

Airbnb Rental Arbitrage in Adelaide

Do you want to have financial freedom through passive income? Invest in a property! Disclaimer: you don’t need to own a property at all in the Airbnb rental arbitrage business.

In this article, we featured the entire process of Airbnb rental arbitrage in Adelaide, its profitability, Airbnb key metrics including occupancy & average daily rates, along with the best areas for investment. 

Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage.

What is Rental Arbitrage? 

Rental Arbitrage is a perfect way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property! 

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time. 

Here’s a proof! In Adelaide, Phil manages 27 listings and I’m pretty sure he doesn’t own all the properties. Overall, he made A$1,684,928 in the last 12 months.

Adelaide airbnb rental arbitrage

Is Rental Arbitrage Profitable in Adelaide?

In order to start a rental arbitrage in Australia, particularly in Adelaide, it’s primarily important to take note of the overall cost & potential revenue.

For instance, the best neighborhood to invest in is Henley Beach. Aside from the beauty of this cosmopolitan seaside paradise, it is also popular because of the variety of restaurants and shopping districts. Using Airbtics’ income generator, you can easily distinguish that rental arbitrage in Adelaide is profitable.

Adelaide airbnb rental arbitrage
Profit & Monthly Expense in Adelaide

Based on Airbtics’ data, you can earn a whopping A$11,782 per month for a 3-bedroom apartment in Henley Beach alone. With the data provided, you can certainly tell that investing in a property in Adelaide is profitable.

Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
A$3,693 A$11,782 A$2,356 A$5,733

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price, and the monthly expenses (A$11,782 – A$3,693 – A$2,356 = A$5,733).

 Startup Cost in Adelaide

Now that you have an overview of how much your monthly expense & revenue, let’s talk about the start-up cost! How long does it take for an investor to get back the startup cost? Let’s take a look at this calculation:

Total Startup Cost (Average startup cost + 2 months rent price) Cash Return Time
A$9,386 2 months

The average estimated startup cost (for furnishing) in Adelaide is around A$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (A$7,386). Now that we have a total startup cost of A$9,386, cash return time can be calculated by dividing this by the monthly profit (A$5,733). 

Given your monthly revenue of A$5,733, it will take approximately 2 months time to get back the startup cost in Adelaide!

In such a brief period of time, you can already expect profit and can even start considering a second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Adelaide!

Best Areas for Rental Arbitrage in Adelaide

Before investing in a particular area in Adelaide, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 suburbs in Adelaide ranked by their annual revenue, along with their occupancy & daily rates!

1. Glenelg

Glenelg is one of the most recommended areas for investors who want to target locals and tourists during the summertime. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Glenelg:

Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom A$2,824 A$4,133 77% A$222
2-bedrooms A$2,998 A$6,000 74% A$333
3-bedrooms A$3,259 A$7,791 82% A$412

According to our Airbtics Dashboard, there are more than 89 Airbnb listings with 8 condo properties and 37 one-bedroom properties in this area. The monthly revenue for most properties in Glenelg is more than A$4,078 per month with occupancy being more than 62%.

2. North Adelaide 

This neighborhood caters primarily to university students and tourists visiting the North Adelaide area. Check out the Airbnb data such as the average revenue, occupancy rates, and more in North Adelaide:

Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom A$2,607 A$3,992 87% A$251
2-bedrooms A$2,824 A$4,493 81% A$277
3-bedrooms A$3,693 A$7,099 76% A$384

This area has a total of 79 Airbnb listings with 9 private room properties and 27 one-bedroom property. The monthly revenue for most properties in North Adelaide is more than A$3,947 per month with occupancy being more than 70%.

3. Henley Beach

This must-visit destination is popular with both local & international tourists. Because of its close proximity to restaurants, coffee shops, and shopping centers, Henley Beach is definitely a star to property investors. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Henley Beach:

Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom A$1,781 A$3,270 75% A$180
2-bedrooms A$1,955 A$4,460 78% A$215
3-bedrooms A$3,693 A$11,782 79% A$538

This area has a total of 70 Airbnb listings with 6 private room properties and 14 one-bedroom properties in this area. The monthly revenue for most properties in Henley Beach is more than A$3,732 per month with occupancy being more than 68%.

how much can you make on airbnb

Short-term rental regulations in Adelaide

To begin with, it’s certainly important to be familiar with the Airbnb rules in Adelaide to make sure that your business will run smoothly. Here are some of the short-term rental regulations and laws to take note of:

  • According to the short-term rental accommodation bill, residential premises used for short-term holiday rental accommodation must be registered.
  • An application for registration must be approved by the Commission and must be accompanied by the prescribed registration fee

Rental Properties in Adelaide

To run an Airbnb rental arbitrage in Australia, you can look at property websites and get a grasp of the ranging prices in Adelaide:

1. Rent AU
Sublet in Adelaide
Sublet in Adelaide

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative! 

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

  1. Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online in the following websites:

  1. Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

  1. Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

Airbtics
Categories
Airbnb Rules Blog posts

Airbnb Rules in Adelaide

If you are looking to invest in an Airbnb property in Australia, particularly in Adelaide, this article is for you! By considering the primary key metrics for a successful investment including average daily rates, monthly revenue, and occupancy rates in Australia, this beautiful city will definitely be a great source of passive income. 

Continue reading to learn more about Airbnb rules in Adelaide and check out the profitability in this city!

Is Airbnb legal in Adelaide? 

Let’s spill the beans: Yes, Airbnb is certainly legal in Adelaide! With a rough number of 2.9 million international visitors annually, this exquisite city in South Australia is popular for its many festivals, sports events, gastronomy, and more.

Adelaide is mostly visited because of its many wonderful attractions including The Art Gallery of South Australia, Adelaide Zoo, Central Market, and other tourist attractions. 

Here is a little proof! As of July 2022, there are 30,334 nights available in Adelaide from Airbnb alone. Century 21 SouthCoast manages 58 listings, while Hello Host and Jessica operate 35 and 32 respectively.

How much can I make by running an Airbnb in Adelaide?

Currently, there are 1,788 Airbnb listings in Adelaide, with 66% of entire houses earning up to A$3,893 a month. The Average Occupancy Rate in Adelaide is 66% and the average daily rate is A$183. According to short-term rental market data source Airbtics, a 2-bedroom apartment in Adelaide can make up to A$52,195 each year. Want to know how much profit can you make on Airbnb? Then check out our Airbnb Profit Calculator!

Adelaide airbnb rules
What Are The Short-term Rental Accommodation Policies in Adelaide?
  • According to the short-term rental accommodation bill, residential premises used for short-term holiday rental accommodation must be registered.
  • An application for registration must be approved by the Commission and must be accompanied by the prescribed registration fee.
how much can you make on airbnb

Is Adelaide A Profitable Area to Invest In?

If you’re worried about spending thousands of bucks to purchase a property, the good news is you don’t need to! Property investors and hosts prefer to do rental arbitrage in Australia since this does not require owning a property. 

Based on statistical data for Adelaide, the rental population in this area is 49.54% with a steady rental yield of 5.44%.

By using an accurate short-term rental calculator, you’ll be able to confirm if Adelaide is a good place for investment! It’s important to know your estimated annual revenue and high-return investment opportunities in Adelaide – and with Airbtics, it shouldn’t be a difficult task at all!

Adelaide airbnb rules

Source: Property Investment in Adelaide

Adelaide’s Property Market 2022

According to Adelaide’s property market in 2022, the dwelling values are skyrocketing by 45%.

Despite the higher interest rates, housing values are still rising and property investors are still pouring their money in Adelaide.

Adelaide airbnb rules

Source: Adelaide’s Housing Market

Here are some of the most recommended neighborhoods that you can look into & consider purchasing based on Airbtics estimator:

Suburbs Price of 2bd Apartments Average Rent Price Average Airbnb Revenue
Glenelg A$609,000 A$2,998 A$6,000
North Adelaide A$838,000 A$2,824 A$4,493
Henley Beach A$645,000 A$1,955 A$4,460

Source for Property Price: Properties in Adelaide

Conclusion 

In general, considering the Airbnb rules & regulations in Adelaide will help your Airbnb business to run smoothly! Aside from the fact that this is a passive income for various hosts, starting an Airbnb business is also a way to enjoy life and connect with new people from all over the world. Try Airbtics now and make the wisest investment decisions!

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Airbnb Data
Airbnb Data

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