The short-term rental market is booming in Australia, and those considering making an investment in property for the sake of using it as a short-term rental or who already have such an investment property but just do not know how to go about turning it into an Airbnb will need to keep certain factors in mind.
Location, location, location
The location of a property will play a key role in its success as a Str investment. There are a number of regions in Australia that will deliver better performance than others, with Bondi Beach being top of the list, with more than one million visitors to the area every year.
Other top performers for short-term rental properties include the likes of Sydney, where the central suburbs near business centers and the CDB and the eastern suburbs also generate high interest from renters.
Properties close to major tourist attractions will also always do well. Most tourists love being near the beach, so an investment property near such tourist attractions or other landmarks will always do better because of the higher demand. Investment properties should be located in top suburbs and also be very convenient for transport links and other amenities.
Views
Having breakfast on the balcony with a stunning view will always draw in guests. If this is the case for an investment property, then owners should make the most of it by flaunting outdoor spaces such as courtyards and balconies and furnishing them with cozy furniture and plants.
These are just some of the tips to follow. Those wishing to gain a broad overview of investment properties should pursue short-term rental courses.
