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Where to Invest in Geelong, AU: Earn Up to A$39,399 with a 78% Occupancy Rate

Last updated on January 1st, 2024

Where to Invest in Geelong, AU: Earn Up to A$39,399 with a 78% Occupancy Rate: Uncover the top Airbnb markets and leverage Airbtics’ data analysis for optimal listing locations!

where to invest in Geelong

Looking where to invest in Geelong? Uncover the top Airbnb markets and leverage Airbtics’ data analysis for optimal listing locations!

Where to Invest in Geelong, AU: Earn Up to A$39,399 with a 78% Occupancy Rate

Key Takeaways

  • 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. 

Geelong proves to be an outstanding investment destination, but it’s essential to bear in mind that factors like the location of your property and seasonality can impact your potential income. Thus, it’s vital to make use of an Airbnb research tool to pinpoint promising investment opportunities. Additionally, we recommend having a vacation rental checklist to boost your future guest experiences!

Where to Invest in Geelong: Top Airbnb Markets 2023

Before making impulsive decisions, it’s recommended to research Airbnb’s important KPIs to identify optimal areas for establishing your listing and guaranteeing the success of your rental property in Geelong. Why? Because the profitability of short-term rentals fluctuates based on the particular location, leading to varying revenue levels.

Go ahead and check out the best suburbs in Geelong to invest in rental properties:

airbtics-logo-300x87
Location Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Newtown 47 2 bedrooms A$845,000 (2 BR) A$70,449 8.34%
East Geelong 23 2 bedrooms A$695,000 (2 BR) A$60,240 8.67%
Belmont 50 3 bedrooms A$685,000 (3 BR) A$48,655 7.10%
Geelong West 62 2 bedrooms A$763,000 (2 BR) A$47,068 6.17%
Grovedale 22 2 bedrooms A$580,000 (2 BR) A$36,640 6.26%
Highton 29 2 bedrooms A$512,500 (2 BR) A$35,432 6.91%

Location

Airbnb Dataset

  • Total Airbnb Listings: 47
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$845,000
  • Airbnb Annual Revenue: A$70,449
  • Gross Rental Yield: 8.34%
  • Total Airbnb Listings: 23
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$695,000
  • Airbnb Annual Revenue: A$60,240
  • Gross Rental Yield: 8.67%
  • Total Airbnb Listings: 50
  • Best Number of Bedrooms: 3 bedrooms
  • Median Property Price (3 bedrooms): A$685,000
  • Airbnb Annual Revenue: A$48,655
  • Gross Rental Yield: 7.10%
  • Total Airbnb Listings: 62
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$763,000
  • Airbnb Annual Revenue: A$47,068
  • Gross Rental Yield: 6.17%
  • Total Airbnb Listings: 22
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$585,000
  • Airbnb Annual Revenue: A$36,640
  • Gross Rental Yield: 6.26%
  • Total Airbnb Listings: 29
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): A$512,500
  • Airbnb Annual Revenue: A$35,432
  • Gross Rental Yield: 6.91%
Explore More Profitable Locations in Greater Geelong!

How to Find Profitable Airbnb Locations for Your Listings?

While there are plenty of Airbnb startup costs that investors should consider, it’s important to set up the listing in the right locations. Thus, finding profitable markets is a must.

Identifying promising rental markets can be a time-consuming endeavor. That’s why it’s wise to leverage advanced resources available to property investors to hasten this process.

Additionally, you should consider delving into real estate forums and conducting thorough research on search engines to discover which locations are piquing significant interest among investors. This approach will allow you to sort your list and gain a clear understanding of the cities that are worthy of your focus. Plus, we encourage investors like you to utilize analytical tools to identify lucrative Airbnb markets, especially those that can provide dynamic data.

Airbtics Dashboard allows users to explore a city and gain valuable insights to simplify their investment research. This dashboard provides users with precise data sets that showcase metrics such as average revenue, occupancy, nightly rates, seasonality, and more.

But don’t take just our word for it, go ahead and take a look at Simon, a satisfied Airbtics customer, who ventured into a new Airbnb market, ultimately achieving higher profitability than his previous one!

Australia Airbnb

Sometimes, your desired location might not show up in the search results, but there’s no need to fret! You can easily create your custom market.

Now that you have a clearer perspective of your target market, feel free to experiment with the filters to identify the results that fit your needs. You can use filters to find out what type of property offers the most appealing profit in your chosen area. 

One of the greatest advantages of dynamic data is the fact that by moving and zooming in and out of your map, the data will also change accordingly.

You can repeat this process as often as you need to figure out which type of property makes a sound investment choice in your target area. By comparing data across various property types, you can pinpoint the option that aligns best with your preferences and goals.

Unveiling Lucrative Investment Horizons in Geelong with Airbtics

To sum up, Geelong offers captivating investment opportunities with its harmonious mix of scenic beauty, cultural dynamism, and thriving economic landscape. The city’s relatively affordable housing market, along with its growing population, establishes Geelong as an attractive destination for property investors aiming for favorable financial returns. 

As the region continues to evolve, Geelong is emerging as a dynamic investment destination where the combination of coastal charm and economic vitality creates an attractive proposition for real estate investors.

Discovering where to invest in rental properties in Geelong is just the beginning of your investment journey. For those considering investing in short-term rentals in Geelong, Airbtics’ data analysis highlights the city’s potential for profit. Utilizing Airbnb research tools like the Airbtics dashboard is fundamental to identifying lucrative markets and optimizing listing locations. Discover the perfect spots and realize your investment dreams now!

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