Tag: lng_153.6177778

Investing in Property for Sale: How to Buy A Profitable Beachfront Property for Airbnb in Byron Bay

Post author By Robyn Peña
Post date December 16, 2022

airbnb property for sale Byron Bay

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 Byron Bay, Australia!

Airbnb rental arbitrage in Byron Bay 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 Byron Bay allow hosting to avoid breaching the laws.

.
“Byron Bay had the strongest growth forecast due to the town’s health and wellbeing elements. It has topped an international list of 12 hotspots tipped to record surging prime residential price growth.”
– Elite Agent on Byron Bay Property Forecast

Byron Bay 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 property investment (city center and beachfront) in Byron Bay, Australia.

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

Is Property Investment Profitable in Byron Bay 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 profit estimator, it was discovered that a 2-bedroom apartment in Byron Beach can generate an annual revenue of A$160,893 with a steady occupancy rate of 80% and a nightly rate of A$529.

airbnb property for sale Byron Bay

Houses for Sale in Byron Bay 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 Byron Bay 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.

2/5-7 Byron Street BYRON BAY NSW 2481

1. Studio-type Property for Sale in Byron Bay

0.4 km away Byron Bay Public School
Asking Price: A$230,000

GROSS RENTAL YIELD	26.01%
ANNUAL REVENUE	A$59,824
CASH ON CASH RETURN	52.26%

179/399 Ewingsdale Road, Byron Bay NSW 2481

2. 1-Bedroom Property for Sale in Byron Bay

Located in the beautiful Discovery Park at Byron Bay
Asking Price: A$269,000

GROSS RENTAL YIELD	21.75%
ANNUAL REVENUE	A$58,512
CASH ON CASH RETURN	39.49%

17/11-19 Cooper Street BYRON BAY NSW 2481

3. 2-Bedroom Property for Sale in Byron Bay

1.2 km away Byron Bay High School
Asking Price: A$390,000

GROSS RENTAL YIELD	24.11%
ANNUAL REVENUE	A$94,034
CASH ON CASH RETURN	46.57%

24/5-7 Old Bangalow Road Byron Bay NSW 2481

4. 3-Bedroom Property for Sale in Byron Bay

A ten-minute walk through a national park takes you to pristine Tallows Beach
Asking Price: A$430,000

GROSS RENTAL YIELD	26.42%
ANNUAL REVENUE	A$113,593
CASH ON CASH RETURN	53.48%

19 Sunrise Boulevard BYRON BAY NSW 2481

5. 4-Bedroom Property for Sale in Byron Bay

Near Trout Creek Rd
Asking Price: A$547,000

GROSS RENTAL YIELD	26.38%
ANNUAL REVENUE	A$144,295
CASH ON CASH RETURN	53.37%

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 Byron Bay 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 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_-28.6483333, lng_153.6177778

Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Byron Bay

Post author By Robyn Peña
Post date September 12, 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 Byron Bay, its profitability, along with 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 Byron Bay, Meg manages 11 listings and I’m pretty sure she doesn’t own all the properties. Overall, she made A$1,181,736 in the last 12 months.

Is Rental Arbitrage Profitable in Byron Bay?

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

For instance, the best neighborhood to invest in is Byron Beach, which is part of the world-renowned seaside town in New South Wales. Using Airbtics’ income generator, you can easily distinguish that rental arbitrage in Byron Bay is profitable.

Profit & Monthly Expense in Byron Bay

Based on Airbtics’ data, you can earn a whopping A$13,561 per month for a 3-bedroom apartment in Byron Beach alone. With the data provided, you can certainly tell that investing in a property in Byron Bay is profitable.

Average Rent Price	Airbnb Monthly Revenue	Monthly Expense	Monthly Profit
A$5,760	A$13,561	A$2,712	A$5,089

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price, and the monthly expenses (A$13,561 – A$5,760 – A$2,712 = A$5,089).

Startup Cost in Byron Bay

Now that you have an overview of how much your monthly expense and revenue are, 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$13,520	3 months

The average estimated startup cost (for furnishing) in Byron Bay is around A$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (A$11,520). Now that we have a total startup cost of A$13,520, cash return time can be calculated by dividing this by the monthly profit (A$5,089).

Given your monthly revenue of A$5,089, it will take approximately 3 months time to get back the startup cost in Byron Bay.

In such a short 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 Byron Bay.

Best Areas for Rental Arbitrage in Byron Bay

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

1. Byron Beach

This neighborhood is popular due to its close proximity to Byron Bay town. The majority of tourists who like to surf and visit other attractions such as Apex Park & Surf Club usually prefer to be in this neighborhood. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Byron Beach:

Type of Bedrooms	Average Rent Price	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	A$2,737	A$6,387	71%	A$396
2-bedrooms	A$3,563	A$9,828	71%	A$634
3-bedrooms	A$5,760	A$13,561	61%	A$890

According to our Airbtics Dashboard, there are more than 149 Airbnb listings with 20 condo properties and 46 one-bedroom properties in this area. The monthly revenue for most properties in Byron Beach is more than A$6,226 per month with occupancy being more than 57%.

2. Tallow Beach

Located in the heart of Byron Bay, Tallow Beach is perfect for backpackers, campers & surfers, and is a great place for fishing! Check out the Airbnb data such as the average revenue, occupancy rates, and more in Tallow Beach:

Type of Bedrooms	Average Rent Price	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	A$2,694	A$7,667	76%	A$351
2-bedrooms	A$3,389	A$9,933	76%	A$484
3-bedrooms	A$7,169	A$12,025	66%	A$860

This area has a total of 110 Airbnb listings with 28 private room properties and 39 one-bedroom property. The monthly revenue for most properties in Tallow Beach is more than A$5,264 per month with occupancy being more than 65%.

3. Cape Byron

This stunning suburb in Byron Bay is one of the most adored because of its serene views and coastal trails. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Cape Byron:

Type of Bedrooms	Average Rent Price	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	A$3,042	A$5,591	66%	A$293
2-bedrooms	A$3,563	A$7,117	64%	A$726
3-bedrooms	A$6,257	A$9,795	59%	A$857

This area has a total of 35 Airbnb listings with 2 private room properties and 16 one-bedroom properties in this area. The monthly revenue for most properties in Cape Byron is more than A$6,124 per month with occupancy being more than 54%.

Short-term rental regulations in Byron Bay

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

Your house or unit CAN NOT be used for non-hosted STRA (Short-term Rental Accommodation) for more than 180 days in a 365-day period.
All hosts must register their STRA property on the State Government-run STRA Register.
All hosts must comply with the fire and safety requirements and agree to follow the NSW Fair Trading Code of Conduct for the STRA Industry.
Hosts are required to pay a registration fee of $65 for the first 12 months and an annual renewal fee of $25.
There are Strata by-laws that restrict certain types of short-term rentals.

Rental Properties in Byron Bay

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

1. Real Estate

2. All Homes

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_-28.6483333, lng_153.6177778

Airbnb Rules All About Airbnb

Airbnb Rules in Byron Bay

Post author By Robyn Peña
Post date September 6, 2022

Before you start to invest in a property in Australia, particularly in Byron Bay, let’s discuss the primary key metrics that all investors need to know! Profitability should be the first consideration on your checklist and this is related to Airbnb’s key metrics. For instance, this includes considering average daily rates, monthly revenue, and 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 Byron Bay, Australia! Stoked to learn more? Continue reading!

Is Airbnb legal in Byron Bay?

Let’s spill the beans: Yes, Airbnb is certainly legal in Byron Bay! With a rough number of 5.42 million visitors annually, it has contributed over $883 million to the local economy of New South Wales. Byron Bay consistently attracts more tourists to book accommodations to visit Cape Byron Marine Park, go eco-cruising, and see other tourist attractions. The majority would want to just surf or enjoy the scenic views of the sea!

Here is a little proof! As of July 2022, there are 8,994 nights available in Byron Bay from Airbnb alone. A Perfect Stay manages 92 listings, while Byron Bay Accom and Destination Byron Bay operate 49 and 30 respectively.

How much can I make by running an Airbnb in Byron Bay?

Currently, there are 495 Airbnb listings in Byron Bay, with 78% of entire houses earning up to A$5,990 a month. The Average Occupancy Rate in Byron Bay is 58% and the average daily rate is A$297. According to short-term rental market data source Airbtics, a 2-bedroom apartment in Byron Bay can make up to A$107,091 each year. Check out our Airbnb Income Calculator!

What Are The Short-term Rental Accommodation Policies in Byron Bay?

Your house or unit CAN NOT be used for non-hosted STRA (Short-term Rental Accommodation) for more than 180 days in a 365-day period.
All hosts must register their STRA property on the State Government-run STRA Register.
All hosts must comply with the fire and safety requirements and agree to follow the NSW Fair Trading Code of Conduct for the STRA Industry.
Hosts are required to pay a registration fee of $65 for the first 12 months and an annual renewal fee of $25.
There are Strata by-laws that restrict certain types of short-term rentals.

Is Byron Bay A Good Place to Invest?

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 Byron Bay, the rental population in this area is 23.26% with a compound growth rate of 12.5%.

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

Source: Property Investment in Byron Bay

Byron Bay’s Property Market 2022

According to the latest data, Byron Bay’s property market is ranked 7th for being the best-performing suburb as of June 2022. Despite the increase in price, investors are still making gains in this area because of its close proximity to the large regional centre!

In order to properly target a profitable area, 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
Byron Beach	A$1.6M (94 sq.m. apartment)	A$3,563	A$9,828
Tallow Beach	A$1.7M (144 sq.m. apartment)	A$3,389	A$9,933

Conclusion

In general, considering the Airbnb rules & regulations in Byron Bay 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!

Tags Airbnb Rules & Regulations, lat_-28.6483333, lng_153.6177778

🎉 FREE WEBINAR - July 24th, 11am / 8pm CET - Learn Airbtics in 7 Minutes - Revenue and Market Analysis Tips and Best Practices!

Is Property Investment Profitable in Byron Bay Beach?

Houses for Sale in Byron Bay Beach

1. Studio-type Property for Sale in Byron Bay

2. 1-Bedroom Property for Sale in Byron Bay

3. 2-Bedroom Property for Sale in Byron Bay

4. 3-Bedroom Property for Sale in Byron Bay

5. 4-Bedroom Property for Sale in Byron Bay

Conclusion

What is Rental Arbitrage?

Is Rental Arbitrage Profitable in Byron Bay?

Profit & Monthly Expense in Byron Bay

Startup Cost in Byron Bay

Best Areas for Rental Arbitrage in Byron Bay

1. Byron Beach

2. Tallow Beach

3. Cape Byron

Short-term rental regulations in Byron Bay

Rental Properties in Byron Bay

1. Real Estate

2. All Homes

How to Find Landlords for Airbnb Rental Arbitrage

Search Engines & Marketplaces

Communicate with Landlords

Is Airbnb legal in Byron Bay?

How much can I make by running an Airbnb in Byron Bay?

What Are The Short-term Rental Accommodation Policies in Byron Bay?

Is Byron Bay A Good Place to Invest?

Byron Bay’s Property Market 2022

Conclusion

Airbnb Data At Your Fingertips!

Get Started

Support

Our Customer Representative

Solutions

About Airbtics

Resources

Our Customer Representative

Free Webinar

Learn Airbtics in 7 Minutes

ARE YOU IN?