• 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.