Tag: lng_151.2724119

Investing in Property for Sale: How to Buy A Profitable Property for Airbnb in Bondi Beach

Post author By Robyn Peña
Post date November 23, 2022

airbnb property for sale bondi beach

Owning a beachfront property is a dream for the majority of people. If you are eager to make this come true by earning a passive income at the same time, then purchasing a property with a beautiful view of the sea is ideal in Bondi Beach, Australia!

Airbnb rental arbitrage in Australia is preferred by investors who have a limited budget to purchase a property, which means you can do Airbnb by just renting it! However, the main question is: will Airbnb properties be profitable in that area?

Let’s not get carried away by a property’s design or its proximity to major tourist areas because the primary step is to determine profitability. In this article, we’ll discuss the metrics in order to gauge the best property investment, specifically when buying a property investment in Bondi Beach, Australia. This includes the best website recommendations for property investment, the prices and properties for sale in Bondi Beach, along with each property type’s gross rental yield, cash-on-cash return, and annual revenue.

Bondi Beach is Australia’s most famous beach and has plenty of visitors from across the globe. Known as the jewel of Sydney’s laid-back beach lifestyle, this beautiful city is home to one of the oldest surf lifesaving clubs in the world and one of Australia’s oldest swimming clubs. Airbnb occupancy rates in Australia reveal that the months of September to December are typically the peak seasons with an average occupancy rate of 59%.

In Bondi Beach, the rental yields for houses are currently 1.82 % with an average median rent of $ 1,250 weekly. Aside from this, houses in Bondi Beach have seen 2.68% growth in the past quarter.

Is Property Investment Profitable in Bondi Beach?

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 a short-term rental calculator, it was discovered that a 2-bedroom apartment in Bondi Beach can generate an annual revenue of A$66,197 with a steady occupancy rate of 66% and a nightly rate of A$238.

airbnb property for sale bondi beach

Profitable Properties for Sale in Bondi Beach

Buying a beach house property will not only let you have access to a delightful vacation spot, but it can also bring an excellent return on investment and become a reliable income stream! It may be difficult to find the best properties that have the potential to produce high yields and capital growth, and this article will certainly help you through!

Here are some of the profitable properties in Bondi Beach along with the calculated gross rental yield, cash-on-cash return, and annual revenue:

Disclaimer: The properties featured in this article are indicated as examples and there is a possibility that they have already been sold and removed from the website's listings.

119/3 Violet Town Road, Mount Hutton, NSW 2290

1. Studio-type Property for Sale Bondi
East-facing city view furnished studio apartment with balcony

Asking Price: A$210,000

GROSS RENTAL YIELD	24.36%
ANNUAL REVENUE	A$51,149
CASH ON CASH RETURN	47.30%

119/3 Violet Town Road, Mount Hutton, NSW 2290

2. 1-Bedroom Property for Sale Bondi
Located within the Tingira Hills Care Community

Asking Price: A$120,000

GROSS RENTAL YIELD	40.57%
ANNUAL REVENUE	A$48,684
CASH ON CASH RETURN	95.94%

833/138 Windang Road, Windang, NSW 2528

3. 2-Bedroom Property for Sale Bondi
Located at South Pacific Park Village

Asking Price: A$255,000

GROSS RENTAL YIELD	24.74%
ANNUAL REVENUE	A$63,082
CASH ON CASH RETURN	48.45%

7 Short Street, Rylstone, NSW 2849

4. 3-Bedroom Property for Sale Bondi
Near Wollemi Standing Stones

Asking Price: A$300,000

GROSS RENTAL YIELD	31.80%
ANNUAL REVENUE	A$95,407
CASH ON CASH RETURN	69.64%

13 Ron Scott Circuit, Greenacre, NSW 2190

5. 4-Bedroom Property for Sale Bondi
Close to local favourites: Valentina Mexico, Al Aseel Restaurant and Cafe Levant

Asking Price: A$780,000

GROSS RENTAL YIELD	26.33%
ANNUAL REVENUE	A$205,351
CASH ON CASH RETURN	53.21%

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 Bondi Beach 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.

Tags Airbnb Investments, lat_-33.8906977, lng_151.2724119

Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Bondi Beach

Post author By Robyn Peña
Post date September 8, 2022

Did you know that 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 Bondi Beach, its profitability, Airbnb key metrics including occupancy and average daily rates.

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 Bondi Beach, Richard manages 7 listings and I’m pretty sure he doesn’t own all the properties. Overall, he made A$39,767 in the last 12 months.

Is Rental Arbitrage Profitable in Bondi Beach?

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

Using Airbtics’ income generator, you can easily find out that rental arbitrage in Bondi Beach is profitable.

Profit & Monthly Expense in Bondi Beach

Based on Airbtics’ data, you can earn a whopping A$11,017 per month for a 3-bedroom apartment in Bondi Beach. With the data provided, you can certainly tell that investing in a property in Bondi Beach is profitable.

Average Rent Price	Airbnb Monthly Revenue	Monthly Expense	Monthly Profit
A$5,214	A$11,017	A$2,203	A$3,600

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price, and the monthly expenses (A$11,017 – A$5,214 – A$2,203 = A$3,600).

Startup Cost in Bondi Beach

Now that you have an overview of how much your monthly expense & revenue are, 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$12,428	4 months

The average estimated startup cost (for furnishing) in Bondi Beach is around A$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (A$5,214). Now that we have a total startup cost of A$12,428, cash return time can be calculated by dividing this by the monthly profit (A$3,600).

Given your monthly revenue of A$3,600, it will take approximately 4 months time to get back the startup cost in Bondi Beach.

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 Bondi Beach.

Profitability of Rental Arbitrage in Bondi Beach

Before investing in a particular area in Melbourne, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Bondi Beach:

Type of Bedrooms	Average Rent Price	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	A$3,042	A$4,941	86%	A$268
2-bedrooms	A$3,454	A$6,826	84%	A$438
3-bedrooms	A$5,214	A$11,017	80%	A$826

WANT TO DISCOVER MORE PROFITABLE RENTAL MARKETS IN AUSTRALIA?

If you’re looking for other locations, check out the Australian cities with the best real estate markets!

Short-term rental regulations in Bondi Beach

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

Any short-term rental must be registered and comply with the new Fire Safety Standard.
For hosted STRAs (the host shares the residence with their guests), the owner can rent out the dwelling 365 days per year with restrictions.
For non-hosted STRAs (the host does not share the residence with their guests), the 180 days per year limit applies.
The new STRA planning policy provides a single, streamlined exempt development approval pathway that facilitates STRA in existing, lawfully constructed residential accommodation. STRA cannot be undertaken in the following properties:
× Boarding houses
× Seniors housing
× Rural workers’ dwellings
× Eco-tourist facilities
× Hostels
× Camping grounds
× Caravan parks
× Moveable dwellings
× Group homes
× Refuge or crisis accommodation
× Tourist and visitor accommodation use to ensure they continue to meet their intended purpose.

Rental Properties in Bondi Beach

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

1. Property AU

2. Homely

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:

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:

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:

Craigslist allows renters to specifically state what kind of property they are looking for. You can try typing in ‘landlords allowing Airbnb’ or ‘sublease property in (city name)’ and try other keywords to get you on the right track.
Facebook marketplace has a vast community of landlords & renters, so you can try joining the right groups to lead you on the right path. Here are some of the finest Facebook groups that you can join:

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!

Tags Airbnb Rental Arbitrage, lat_-33.8906977, lng_151.2724119

Airbnb Rules All About Airbnb

Airbnb Rules in Bondi Beach

Post author By Robyn Peña
Post date September 6, 2022

Before you start to invest in a property in Australia, particularly in Bondi Beach, consider the primary key metrics that all investors need to know for a successful investment! Profitability should be the first consideration on your checklist and this is related to Airbnb’s key metrics. Some of the important key metrics include average daily rates, monthly revenue, and Airbnb occupancy rates in Australia.

In this article, we’ll be presenting the Airbnb policies and regulations, how much profit an investor can make, rental demand, and properties for rent in Bondi Beach, Australia! Stoked to learn more? Continue reading!

Is Airbnb legal in Bondi Beach?

Let’s spill the beans: Yes, Airbnb is certainly legal in Bondi Beach! With a rough number of 2.6 million visitors annually, almost 53% are international visitors in Bondi. This area consistently attracts more tourists to book accommodations to visit its iconic white-sand crescent, The Sydney Opera House, and see other tourist attractions.

Here is a little proof! As of July 2022, there are 20,727 nights available in Bondi Beach from Airbnb alone. Hotelesque manages 8 listings, while Bondi Beach Holiday Homes and Richard operate 7 and 7 respectively.

How much can I make by running an Airbnb in Bondi Beach?

Currently, there are 286 Airbnb listings in Bondi Beach, with 69% of entire houses earning up to A$4,975 a month. The Average Occupancy Rate in Bondi Beach is 54% and the average daily rate is A$215. According to short-term rental properties data source Airbtics, a 2-bedroom apartment in Bondi Beach can make up to A$67,605 each year. Check out our Free Short-Term Rental Calculator to know how much profit you can make with Airbnb!

What Are The Short-term Rental Accommodation Policies in Bondi Beach?

Any short-term rental must be registered and comply with the new Fire Safety Standard.
For hosted STRAs (the host shares the residence with their guests), the owner can rent out the dwelling 365 days per year with restrictions.
For non-hosted STRAs (the host does not share the residence with their guests), the 180 days per year limit applies.
The new STRA planning policy provides a single, streamlined exempt development approval pathway that facilitates STRA in existing, lawfully constructed residential accommodation. STRA cannot be undertaken in the following properties:
× Boarding houses
× Seniors housing
× Rural workers’ dwellings
× Eco-tourist facilities
× Hostels
× Camping grounds
× Caravan parks
× Moveable dwellings
× Group homes
× Refuge or crisis accommodation
× Tourist and visitor accommodation use to ensure they continue to meet their intended purpose.

Is Bondi Beach 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 Bondi Beach, the rental population in this area is 46.08% with a rental yield of 2.57%.

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

Source: Property Investment in Bondi Beach

Sydney’s Property Market 2022

According to Sydney’s property market in 2022, Bondi Beach is one of the highly desirable suburbs in Southern Sydney. In general, there is a window of opportunity for property investors who have a long-term interest in putting up short-term rental accommodations in Bondi because of the increased rental demand.

Source: Sydney’s Rental Market