For property owners in Sydney, the peak of the summer season from December 2019 to February / March 2020 could lead to record demand for short-term housing.
Data trends from active full-fledged listings on Airbnb and Homeaway show steady year-on-year growth in the number of properties booked, with significant increases in nightly rates and demand each summer.
Three key events led to an increase in demand during the high summer season:
Extreme demand and nightly high rates on New Year's Eve, especially for properties near areas near fireworks. Homes with a view of fireworks always have very high rates on New Year's Eve and are booked long in advance.
Strong demand from families and groups for big houses during the Christmas period.
Strong demand from families during school holidays.
Between September 2018 and 2019, Sydney's summer months' night rates averaged 15% higher than the average monthly rates for the rest of the year, while the nightly rates for December were 25% higher.
According to property data managed by MadeComfy in Sydney, the average nightly rates for pre – booked summer nights are currently 56% higher than the average nights booked in the spring of 2019.
Average daily rate in Sydney / seasonal trends of reserved nights
Source date: Complete listings of homes on Airbnb and Homeaway, AirDNA.
The current weakness of the Australian dollar is also expected to attract a large number of international visitors to the city and encourage more domestic visitors to visit the country this summer.
Real estate properties in the popular coastal suburbs such as Bondi, Manly and Coogee are experiencing particularly strong demand during this period, although other areas popular with Airbnb, such as the city and central west, also benefit from a widespread increase in demand during the high season.
According to the latest data analyzed by MadeComfy for 2019, the best Airbnb rental suburbs based on a combination of the demand for accommodation and the occupancy rate in the summer of 2018/19 were:
Bondi
Virile
North Sydney
Coogee
Darlinghurst
Paddington
Pyrmont
Bronte
Surry Hills
Fresh water
Valuation of your property for short term rental
Depending on the location, the number of bedrooms and the condition of the property, investors can achieve a 40% higher return through a short term professional lease management compared to a conventional rent.
MadeComfy, a leading Airbnb management company, offers free real estate appraisals and revenue forecasts for short-term rentals, based on available market data and performance current buildings listed nearby. MadeComfy provides end-to-end management including property listing, cleaning and customer communication for homeowners seeking higher incomes through short-term rental.
Disclaimer: The views expressed by the Contributors and / or the paid content do not necessarily reflect the views of Your investment.
Top suburbs:
Millner
,
Bendigo
,
Canterbury
,
balga
,
the basin
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