While AirDNA featured an Australian treehouse as one of Airbnb hottest rentals earlier this year and released an in-depth analysis on the best cities to buy vacation home rental properties, we haven’t spent a lot of time focusing on short-term rentals in Australian markets. That’s changing today.
We are excited to announce that we’ve partnered with the Zillow of Australia, Onthehouse, a CoreLogic company, to bring the power of Rentalizer to the Australian market.
Australian Market Summary – Upcoming High Season
Airbnb listings in Australia have increased nearly 29% over the last year, while booked listings have increased 43%, demonstrating the increased popularity of short-term vacation rentals across the country.
During the same period, Australian hosts realized the highest average revenue of $173.15 (AUD) in January 2018, and the lowest average revenue of $91.90 (AUD) in May 2018. Australia on the whole is a seasonal market, so local investors should begin preparing their property now in low season to get in ready for high season. We are expecting strong RevPAR growth in August, which will peak November 2018 – February 2019. The seasonal market hasn’t stopped the top 10 earning properties in Perth from generating over six figures of revenue in the last year.
In Sydney, 74% of properties were booked between just 1-3 months in the last year, suggesting that nearly three-quarters of the market is made up of part-time, seasonal rentals.
In Perth, 17% of rentals are booked for more than 6 months of the year (opposed to Sydney’s 10%), suggesting that Perth has an emerging professional market. The 18% of Airbnb “multi-listing” hosts manage 44% of properties in Perth. The professionalization of the market underscores the importance of using tools such as AirDNA’s MarketMinder and Onthehouse to make smart real estate investments.
Onthehouse Partnership – Long-Term vs Short-Term Rentals
With the integration of AirDNA data into Onthehouse, now our friends in the Southern Hemisphere have an easier way to analyze real estate investments and identify whether a long-term or short-term rentals are the best approach for their vacation rental properties.
To access Rentalizer when visiting Onthehouse, simply search an address and scroll down to the Property History section.
Click the “How much could I earn?” button under “Thinking Airbnb?” to redirect to Rentalizer.
Not a current subscriber? Sign up today to start maximizing the revenue of your vacation rentals in Australia.