See the difference between long-term and short-term property rentals, and understand the importance of leaving the hassle of Airbnb property management to expert property managers at The BNB Agency in Sydney CBD.
Let’s understand the current long-term rental market in Sydney CBD. The average rental yield for a unit stands at 3.4%, with a weekly rent of $663.49.
The average rental yield for houses is 3.08%, commanding a weekly rent of $956.47. These numbers are already impressive, showing strong returns for property owners.
What if there was a way for property owners to significantly boost their property’s earning potential, pushing the annual yield up to an astounding 213.33%?
This could be the chance you’ve been waiting for to maximise your property investment.
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Profitability of 1-2 Bedroom Airbnb Units in Sydney CBD
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That’s a $73,598.52 increase in annual income and a 213.32% increase in ROI
Short-term rentals in Sydney CBD are experiencing a booming demand, with an impressive occupancy rate of 76%. This high demand won’t be going anywhere, and creates a great opportunity for property owners.
With an average daily rate of $392, properties in Sydney’s bustling central business district have the potential to generate an impressive $108.1K in annual revenue. This represents a substantial $73,598 increase in yearly income for property owners, equating to a remarkable 213.32% increase in annual ROI compared to traditional long-term rentals
Without a doubt, Airbnb management in Sydney CBD is more profitable than traditional rental properties. Property owners have an excellent opportunity to take advantage of this increasing demand.
One of the key highlights of Airbnb’s market in Sydney is the consistent occupancy rates above 75% all year round, proving that seasonality isn’t an issue at all here.
Airbnb’s occupancy rates in Sydney have enticing seasonality, especially in February, September, and October. In February 2023, Sydney CBD had a solid average occupancy rate of 79.3%. That’s when the summer markets, outdoor cinema screenings, and Sydney’s infamous World Pride all came together.
From July to October, occupancy rates remain steadfast, reaching 75.3% in September thanks to the vibrant Sydney Fringe Festival. Then in October, the rate increased slightly to 76.6%, coinciding with the popular October Long Weekend and the city’s favourable weather for outdoor activities.
These are the peak months you should keep an eye on. December is also worth mentioning,
with high demand during the holiday season. Last year, the average rate reached $434. Sydney CBD’s market has been consistently strong regarding demand, revenue growth, seasonality, and regulation.
So, don’t be discouraged by the seasonal changes.
See them as opportunities to make the most of your rental income in Sydney CBD with the expert help of Airbnb Management.
Effective Airbnb management can boost the rental yield by an incredible 213.33%.
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Experience Hassle-Free Hosting & Maximise Profits with The BNB Agency!
The BNB Agency is your passport to effortless Airbnb property management. We guarantee high returns, exceptional marketing, and first-rate guest experiences, making us the best choice for Airbnb management in Sydney CBD.
We manage every detail of your Airbnb property, freeing up your time and ensuring superior profits.
Our local teams deliver outstanding service, ensuring a memorable stay for every guest.
With 20 years of digital marketing expertise, we enhance your property’s visibility, resulting in more guest bookings.
Absolutely, you can manage your investment property in Sydney CBD as an Airbnb. You can benefit from this lucrative market if your strata permit short-term rentals. With the help of The BNB Agency, you can convert your property into a high-return investment, significantly increasing your annual returns. We take care of everything from property marketing and Airbnb management to maintenance and repairs, ensuring a hassle-free experience. So, yes, you can turn your Sydney CBD investment property into a profitable Airbnb venture.
The BNB Agency offers a comprehensive range of Airbnb management services designed to unlock your property’s potential. Our service includes:
With our complete solution, we simplify property management and help you maximise the return on your property investment.
Absolutely, you can list more than one short-term rental with The BNB Agency. Our services are not limited to just one Airbnb property. In fact, the more properties you list with us, the greater the potential returns. We’re more than happy to manage multiple properties and believe that by doing so, we can further maximise your returns. So, whether you have one or many Airbnb properties in Sydney, we’re ready and equipped to help you optimise your potential.
If you’re an Airbnb host looking to outsource the management process, you’ve come to the right place. Your first step is reaching out to us. You can do so by clicking here and filling out the form or by giving us a call at 1300 681 477. We’re here to assist you!
Airbnb is a leading platform in the short-term rental market, but other noteworthy platforms are worth considering. Vrbo, Booking.com, Expedia, and Vacasa are among the top-rated options. Additionally, Homestay.com, Atraveo, and Agoda Homes offer unique features and cater to different host needs. The choice of platform depends on your specific requirements and target audience.
Switching from hosting on Airbnb to using Airbnb management services like The BNB Agency can simplify your responsibilities and make the process more efficient. Our experienced team knows how to grow your business by strategically marketing your property. We use optimised listings, professional photos, and sleek designs to attract potential guests and maximise bookings. With The BNB Agency, you can reap the benefits of a successful rental business without the daily operational stress.
Deciding between Airbnb hosting and long-term rentals depends on your goals. Long-term rentals provide stable income and financial security, while Airbnb can boost your annual income by a whopping 213.33% with higher rates and flexibility. But remember, effective Airbnb property management is key to success. Services like The BNB Agency offer top-notch Airbnb management to maximise profitability and minimise your workload.
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