Which are the top locations for the short-term rental market in 2019?
In this article, we feature the hotspots for Airbnb in Australia’s three biggest cities: Sydney, Melbourne and Brisbane.
We also cover which types of properties perform the best in these cities and how you can make sure that your offer matches the demand in 2019. All data is provided by the MadeComfy team.
Year-on-year growth from international tourists, business travelers and visitors has fueled increasing demand for short-term rental accommodation across Australia's largest cities.
2019 set to be another record breaking year with a weak Australian dollar encouraging international tourists and more domestic visitors to travel within the country.
Researching the short-term rental and Airbnb markets in Australia? Get a free copy of the Australian Short-Term Rental Report, updated for 2019 by clicking the link below:
Sydney is Australia’s most popular city for short-term rentals, according to data from Australia’s Short-term Rental Report 2019, with between
In some parts of the city, the number of available hotel rooms is not growing fast enough to keep up with the demand, creating a great opportunity for property owners in these areas to maximise their rental income.
The below heatmap displays an overview of areas in Sydney with the highest and lowest supply of active listings in 2019:
As an example, Randwick is a growing suburb and also one of this year’s hotspots due to its proximity to the beach and also the city, making it a highly searched for location by guests. Take a look at the image below to see more about the most demanded areas in Sydney.
The top twenty Sydney suburbs for Airbnb property investors based on peak season reservation and occupancy rate data are:
Out of all accommodation booking types, short-term rentals make up 16% of all bookings in the state of Victoria, which is the highest percentage in Australia.
“Melbourne has consistently shown that if you have the right property, marketed correctly and managed well, the returns in percentage terms are very strong, especially for apartments in the inner city and inner suburbs,” explains our General Manager for MadeComfy Melbourne, David Powell.
High-end CBD properties with extra features such as a pool, lounge, or gym have become a considerable demand-driver and a worthwhile consideration for many property owners due to the scarcity of properties with similar features within the city.
One and two-bedroom character-filled apartments in the inner suburbs are also top performers because of their ability to stand out from the crowd in a market that is often saturated with clinical new-build apartments.
The top ten Melbourne suburbs for Airbnb property investors based on full year reservation and occupancy rate data are:
Even though Sydney and Melbourne are the short-term rental market leaders in Australia, Brisbane’s property owners have a distinct advantage over their southern counterparts - the weather. The city’s warm climate will continue to generate visitors all year round, especially during winter and spring, when travellers from colder regions of Australia look for warmer destinations.The city’s climate is not the only reason why property owners enjoy a stable demand for their rentals. Brisbane’s properties are highly sought after by business travellers due to city’s status as Queensland’s business hub. Apart from that, Brisbane is a midway stop for for tourists travelling between the Gold Coast and Sunshine Coast, two of Australia's top tourist destinations.
These and other factors make the city less affected by seasonality than both Sydney and Melbourne, and create many short-rental opportunities for property owners with investments in Brisbane.
