Tag: lng_153.42398

Investing in Property for Sale: How to Buy A Profitable Waterfront Property for Airbnb in Surfers Paradise

Post author By Robyn Peña
Post date December 16, 2022

airbnb property for sale Surfers Paradise

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 Surfers Paradise, Australia!

Airbnb rental arbitrage in Surfers Paradise 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? Don’t forget to check if Airbnb rules in Surfers Paradise allow hosting to avoid breaching the laws.

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“Surfers Paradise is a massive tourist spot. So consider the possibility of purchasing a detached home to turn into a holiday home for the long summer months.
People are always looking for short term accommodation while on holiday, so taking the initiative and figuring out a good holiday home investment plan could be a lucrative investment.”
– Ray White SP on Surfers Paradise Property Investment

Surfers Paradise is the perfect beach town for those who want to earn a passive income by purchasing a property for Airbnb. While it’s important to check on the Airbnb occupancy rates in Australia, it’s also best to do a market research to make informed decisions.

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 beachfront property in Surfers Paradise.

This includes the best website recommendations for property investment, the prices and properties for sale in Surfers Paradise, along with each property type’s gross rental yield, cash-on-cash return, and annual revenue.

Is Property Investment Profitable in Surfers Paradise 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 an Airbnb income calculator, it was discovered that a 2-bedroom apartment in Surfers Paradise can generate an annual revenue of A$110,230 with a steady occupancy rate of 85% and a nightly rate of A$355.

airbnb property for sale Surfers Paradise

Houses and Apartments for Sale in Surfers Paradise 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 Surfers Paradise 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.

53/19 Orchid Avenue Surfers Paradise QLD 4217

1. Studio-type Property for Sale in Surfers Paradise

1.6 km away Surfers Paradise State School
Asking Price: A$109,000

GROSS RENTAL YIELD	18.74%
ANNUAL REVENUE	A$20,425
CASH ON CASH RETURN	30.45%

1514/22 View Avenue Surfers Paradise QLD 4217

2. 1-Bedroom Property for Sale in Surfers Paradise

1.7 km away Surfers Paradise State School
Asking Price: A$110,000

GROSS RENTAL YIELD	23.91%
ANNUAL REVENUE	A$26,305
CASH ON CASH RETURN	45.97%

2023/22 View Avenue Surfers Paradise QLD 4217

3. 2-Bedroom Property for Sale in Surfers Paradise

3.3 km away Keebra Park State High School
Asking Price: A$170,000

GROSS RENTAL YIELD	25.18%
ANNUAL REVENUE	A$42,806
CASH ON CASH RETURN	49.77%

9/34 Remembrance Drive SURFERS PARADISE QLD 4217

4. 3-Bedroom Property for Sale in Surfers Paradise

5-minute walk to the heart of Cavill Mall and a hop, step and jump to the ocean
Asking Price: A$260,000

GROSS RENTAL YIELD	23.99%
ANNUAL REVENUE	A$62,376
CASH ON CASH RETURN	46.20%

1/22 Peninsular Drive Surfers Paradise QLD 4217

5. 4-Bedroom Property for Sale in Surfers Paradise

0.8 km away Surfers Paradise State School
Asking Price: A$390,000

GROSS RENTAL YIELD	22.78%
ANNUAL REVENUE	A$88,836
CASH ON CASH RETURN	42.57%

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 Surfers Paradise 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 which 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_-27.9989899, lng_153.42398

Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Surfers Paradise

Post author By Robyn Peña
Post date September 8, 2022

Do you want to have financial freedom through passive income? Here’s a great way to do so: Invest in a property! And no – you don’t need to own a property to start the Airbnb rental arbitrage business.

In this article, we featured the entire process of Airbnb rental arbitrage in Surfers Paradise, its profitability, along the best areas and neighborhoods. 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 Surfers Paradise, Jason manages 73 listings and I’m pretty sure he doesn’t own all the properties. Overall, he made A$8,497,628 in the last 12 months.

Is Rental Arbitrage Profitable in Surfers Paradise?

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

For instance, the best neighborhood to invest in is Chevron Island, which is an urban island that is accessible to public transport and the main tourist area. Using Airbtics’ income generator, you can easily distinguish that rental arbitrage in Surfers Paradise is profitable!

Profit & Monthly Expense in Surfers Paradise

Based on Airbtics’ data, you can earn a whopping A$10,751 per month for a 3-bedroom apartment in Chevron Island alone. With the data provided, you can certainly tell that investing in a property in Surfers Paradise is profitable.

Average Rent Price	Airbnb Monthly Revenue	Monthly Expense	Monthly Profit
A$3,693	A$10,751	A$2,150	A$4,907

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price, and the monthly expenses (A$10,751 – A$3,693 – A$2,150 = A$4,908).

Startup Cost in Surfers Paradise

Now that you have an overview of how much your monthly expense and revenue, let’s talk about the startup 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 Surfers Paradise 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$4,908).

Given your monthly revenue of A$4,908, it will take approximately 2 months time to get back the startup cost in Surfers Paradise!

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 Surfers Paradise.

Best Areas for Rental Arbitrage in Surfers Paradise

Before investing in a particular area in Surfers Paradise, 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 Surfers Paradise ranked by their annual revenue, along with their occupancy & daily rates!

1. Chevron Island

Popular for holidaymakers and entrepreneurs, Chevron Island is one of the nicest places to invest in because it is situated in the heart of Surfers Paradise. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Chevron Island:

Type of Bedrooms	Average Rent Price	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	A$1,825	A$4,074	76%	A$180
2-bedrooms	A$1,955	A$6,631	70%	A$251
3-bedrooms	A$3,693	A$10,751	87%	A$393

According to our Airbtics Dashboard, there are more than 27 Airbnb listings with 2 condo properties and 16 one-bedroom properties in this area. The monthly revenue for most properties in Chevron Island is more than A$3,168 per month with occupancy being more than 66%.

2. Macintosh Island

If you are looking to invest in a property in the middle of Surfers Paradise, then Macintosh Island is definitely one of the most recommended areas! Check out the Airbnb data such as the average revenue, occupancy rates, and more in Macintosh Island:

Type of Bedrooms	Average Rent Price	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
Studio	A$1,374	A$2,759	63%	A$165
1-bedroom	A$2,259	A$4,381	83%	A$155
2-bedrooms	A$3,150	A$5,258	83%	A$300

This area has a total of 12 Airbnb listings with 2 private room properties and 1 one-bedroom property. The monthly revenue for most properties in Macintosh Island is more than A$4,546 per month with occupancy being more than 83%.

3. Golden Coast Beach

Targetting the majority of tourists in general? Golden Coast Beach is situated near restaurants and markets, which makes it accessible to visitors. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Macintosh Island:

Type of Bedrooms	Average Rent Price	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	A$1,999	A$3,620	82%	A$236
2-bedrooms	A$2,911	A$4,261	82%	A$377
3-bedrooms	A$3,476	A$6,540	83%	A$702

This area has a total of 861 Airbnb listings with 50 private room properties and 346 one-bedroom properties in this area. The monthly revenue for most properties in Golden Coast Beach is more than A$4,151 per month with occupancy being more than 63%.

LOOKING FOR MORE PROFITABLE CITIES TO INVEST IN AIRBNB IN AUSTRALIA?

If you want to discover other top rental markets in Australia, go ahead and check out the Airbnb demand by city!

Short-term rental regulations in Surfers Paradise

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

It is required to apply for a development approval if you’re not residing in the property and using your entire dwelling for short-term letting in the Gold Coast City Council.
To obtain a business licence and market a property as tourist accommodation, the property’s zoning must list tourist accommodation or temporary accommodation as a permitted use. Properties with residential zoning may not be marketed as available to tourists, for any length of time.
It is also necessary to give consideration to registered covenants that may affect a property development, rental pool and other covenants may place restrictions and obligations on property use.

Rental Properties in Surfers Paradise

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

1. Homely

2. Rent AU

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_-27.9989899, lng_153.42398

Airbnb Rules All About Airbnb

Airbnb Rules in Surfers Paradise

Post author By Robyn Peña
Post date September 5, 2022

If you are looking to buy investment properties in Australia, knowing the Airbnb rules in your preferred city is the first step. It’s also important to consider the occupancy rates in Australia in order to have successful investment & long-term profitability!

In this article, we featured Airbnb regulations in Surfers Paradise along with short-term let policies, rental properties, things to consider in property investment, and more. Continue reading and learn more about the Airbnb rules in Surfers Paradise.

Is Airbnb legal in Surfers Paradise?

Don’t worry, Airbnb is legal in Surfers Paradise! This city attracts numerous tourists from all over the world because of its golden sand that’s about 3 kilometers long and its picturesque view of the sea.

Here is a little proof! As of July 2022, there are 19,886 nights available in Surfers Paradise from Airbnb alone. Danny manages 105 listings, while Jason and Tim operate 74 and 56 respectively.

How much can I make by running an Airbnb in Surfers Paradise?

Currently, there are 905 Airbnb listings in Surfers Paradise, with 80% of entire houses earning up to A$4,375 a month. The Average Occupancy Rate in Surfers Paradise is 63% and the average daily rate is A$206. According to vacation rental properties market data source Airbtics, a 2-bedroom apartment in Surfers Paradise can make up to A$78,183 each year. Want to discover how much can you make on Airbnb? Then check out our Airbnb Calculator!

Short-term Rental Policy in Surfers Paradise

It is required to apply for a development approval if you’re not residing in the property and using your entire dwelling for short-term letting in the Gold Coast City Council.
To obtain a business licence and market a property as tourist accommodation, the property’s zoning must list tourist accommodation or temporary accommodation as a permitted use. Properties with residential zoning may not be marketed as available to tourists, for any length of time.
It is also necessary to give consideration to registered covenants that may affect a property. Development, rental pool and other covenants may place restrictions and obligations on property use.

Rental Demand in Surfers Paradise

There are many hosts who are doing rental arbitrage in Australia as it does not require you to own a property. Based on the rental demand data in Surfers Paradise, investments are rising due to the demand, and more home loans are being financed for investors.

Source: Surfers Paradise, Gold Coast Rental Data

Property Investment in Surfers Paradise

If you are looking to start an Airbnb business in Australia, particularly in Surfers Paradise, you have to consider which areas are the most profitable. Whether it is located in the city centre or in the countryside, knowing your estimated annual revenue and high-return investment opportunities is important. Using an accurate short-term rental calculator, it shouldn’t be a difficult task at all!

Rental Properties in Surfers Paradise

Once you have decided to buy a property, you have to consider the average price, population, nearby landmarks or attractions, and rental yields to expect – among the rest. It could be a challenge to find rented properties in Surfers Paradise, so here are some of the most recommended areas that you can look into & consider purchasing:

Area	Average House Price	Average Rent Price (pcm)	Average Airbnb Revenue
Chevron Island	A$495,000	A$1,800	A$6,631
Macintosh Island	A$995,000	A$2,900	A$5,258
Golden Coast Beach	A$790,000	A$2,680	A$4,261

Conclusion

In my personal opinion, the biggest advantage of running a short-term rental is high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15-30% gross rental yields, and 10-20% net. It’s also fun to do!

Tags Airbnb Rules & Regulations, lat_-27.9989899, lng_153.42398

Is Property Investment Profitable in Surfers Paradise Beach?

Houses and Apartments for Sale in Surfers Paradise Beach

1. Studio-type Property for Sale in Surfers Paradise

2. 1-Bedroom Property for Sale in Surfers Paradise

3. 2-Bedroom Property for Sale in Surfers Paradise

4. 3-Bedroom Property for Sale in Surfers Paradise

5. 4-Bedroom Property for Sale in Surfers Paradise

Conclusion

What is Rental Arbitrage?

Is Rental Arbitrage Profitable in Surfers Paradise?

Profit & Monthly Expense in Surfers Paradise

Startup Cost in Surfers Paradise

Best Areas for Rental Arbitrage in Surfers Paradise

1. Chevron Island

2. Macintosh Island

3. Golden Coast Beach

Short-term rental regulations in Surfers Paradise

Rental Properties in Surfers Paradise

1. Homely

2. Rent AU

How to Find Landlords for Airbnb Rental Arbitrage

Search Engines & Marketplaces

Communicate with Landlords

Is Airbnb legal in Surfers Paradise?

How much can I make by running an Airbnb in Surfers Paradise?

Short-term Rental Policy in Surfers Paradise

Rental Demand in Surfers Paradise

Property Investment in Surfers Paradise

Rental Properties in Surfers Paradise

Conclusion

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