It is an excellent idea if you want to start an Airbnb in Australia. This country has many picturesque locations where millions of tourists come on vacation. With the growing demand for unique and personalized travel experiences, more people are turning to Airbnb for cozy, authentic accommodations. But for your short-term rental business to take off, you must buy a property in a good location.
We will tell you about the best nine cities to start an Airbnb business and analyze key metrics such as average daily rate (ADR), occupancy rate (AR), revenue, and active rentals.
Best Airbnb Investment Locations in Australia
So, here are the TOP-9 best places to start a short-term rental business in Australia.
Busselton in Western Australia is a popular tourist destination known for its stunning beaches and outdoor activities. It is also home to the longest wooden stilt marina in the Southern Hemisphere, which attracts visitors from all over the world.
- ADR: $275
- OR: 71%
- Revenue: $4,293
- Active Rentals: 1,618
The highest demand here is for three bedroom houses. Almost everywhere, there is air conditioning, internet, and parking.
As one of the most popular cities in Australia, Sydney is a top choice for Airbnb hosts looking to invest in property. Sydney has something for everyone, with a bustling city center, iconic landmarks such as the Opera House and Harbour Bridge, and world-famous beach culture.
If you’re considering investing in property in Sydney for Airbnb, it’s essential to partner with an experienced property management company like MasterHost (https://masterhost.ca/airbnb-management-sydney/). They offer professional Airbnb management services in Sydney to help you maximize your profits and minimize your workload.
- ADR: $197
- OR: 77%
- Revenue: $2,651
- Active Rentals: 10,990
In Sydney, houses with 1 or 2 bedrooms or private rooms are popular for rent.
Located in the far north of Western Australia, Broome is a super-popular destination for tourists looking to discover Kimberley. Pristine beaches, rich cultural history, and world-famous natural wonders such as Cable Beach and Horizontal Falls make Broome an attractive destination for entrepreneurs.
- ADR: $292
- OR: 73%
- Revenue: $3,893
- Active Rentals: 136
In this city, the Hosts offer guests a variety of options, from a small house with one bedroom to a mansion with 3+ bedrooms. 66% of houses have swimming pools.
Dungog is a small town with a thriving arts and culture scene located in the picturesque Hunter Valley region of New South Wales. It’s also known for its scenic drives, outdoor activities, and friendly locals.
- ADR: $243
- OR: 57%
- Revenue: $3,420
- Active Rentals: 146
People come here to have a really good rest: houses with a pool and hot tubs are in demand.
As Australia’s cultural capital, Melbourne is a vibrant and diverse city that attracts visitors from all over the world. With its iconic laneways, world-class food and wine scene, and numerous festivals and events throughout the year, Melbourne is a top choice for Airbnb hosts.
- ADR: $192
- OR: 69%
- Revenue: $2,610
- Active Rentals: 17,598
If you want to purchase property in Melbourne for Airbnb, consider partnering with a property management company like MasterHost (https://masterhost.ca/airbnb-management-melbourne/). They offer professional Airbnb management services in Melbourne that can help you achieve the best return on your investment.
Located in the heart of New South Wales wine country, Orange is a charming town known for its gourmet food and wine scene. It also has numerous outdoor activities, including hiking, cycling, and fishing.
- ADR: $184
- OR: 66%
- Revenue: $3,056
- Active Rentals: 347
There are popular houses with several bedrooms, a kitchen, air conditioning, and parking. But pools and hot tubs are rare.
Douglas is a tropical paradise located in Far North Queensland, Australia. The town is known for its proximity to the Great Barrier Reef and the Daintree Rainforest, making it a popular destination for tourists exploring Australia’s natural wonders. Douglas has numerous attractions, including beautiful beaches, lush rainforests, and vibrant nightlife.
- ADR: $255
- OR: 76%
- Revenue: $3,652
- Active Rentals: 939
Houses with a pool are trendy here: they make up 74% of all short-term rental properties.
Esperance is a coastal town located in Western Australia, known for its pristine beaches and crystal-clear waters. The city is situated on the southern coast of Western Australia. It is home to numerous natural wonders, including the Cape Le Grand National Park, the Recherche Archipelago, and the Pink Lake. Esperance is also home to several outdoor activities, including surfing, fishing, and hiking.
- ADR: $178
- OR: 83%
- Revenue: $3.034
- Active Rentals: 140
Air-conditioned properties and parking are in demand here. Keep this in mind.
Gold Coast is a city in Queensland, Australia, renowned for its beautiful beaches, theme parks, and vibrant nightlife. The city is a popular destination for tourists worldwide and offers a range of activities, from surfing and swimming to shopping and dining. Gold Coast is also home to numerous attractions, including the Surfers Paradise beach, the Dreamworld theme park, and the Currumbin Wildlife Sanctuary.
- ADR: $231
- OR: 81%
- Revenue: $3,540
- Active Rentals: 6,421
People come here for a luxury getaway, so most Airbnb properties have a pool, hot tub, and other amenities.
Australia has many cities and towns that are great options for starting an Airbnb business. The demand for unique and personalized travel experiences is growing, making short-term rentals more popular than ever. The top 10 best places to invest in Airbnb in Australia include Busselton, Sydney, Broome, Dungog, Melbourne, Orange, Douglas, Esperance, and Gold Coast. Each location has unique features that appeal to tourists, such as stunning beaches, world-famous landmarks, beautiful natural wonders, and exciting outdoor activities. It’s important to consider key metrics when deciding where to invest. Partnering with a professional property management company like MasterHost can also help hosts maximize their profits and minimize their workload.
Overall, investing in an Airbnb property in Australia is a great way to provide cozy, authentic accommodations for travelers while generating income.