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Melbourne is the metropolitan centre of Australia host to world class dining, shopping, sporting venues and events, theatre, live music, rooftop bars, laneways, markets and street art that showcases its uniqueness. Frequently voted as the most liveable city in the world. It's no wonder than that is it also host to the most loved Airbnb market of Australia.
Your guests will love the indescribable feeling of living like a local in such a wonderfully diverse and interesting city.
They will relish the easy access to many getaways spots for a quiet weekend away at Phillip Island National Park, Mornington Peninsula, Yarra River or the ski fields in Mt Buller and Mt Hotham in the Victorian Alps.
Here's how we will ensure your property becomes a superstar within this stellar market with our Melbourne Airbnb property management services.
Melbourne homes are experiencing an increase in property asking house prices meaning higher deposits and mortgages are required.
As property asking prices have increased, asking rental rates have stagnated, meaning it will be hard to achieve the rental yield you may be looking for
The Melbourne rentals market was experiencing a slight upturn in yield until the last 12 month period where it has taken a downturn, due to rising house prices and stagnant rental rates.
With over 20,000 rentals available and growing Airbnb guests per annum, there is stronger demand than ever before for this type of rental, reflected in the rental demand rating of 72/100!
Melbourne is one of the most visited cities in Australia, second only to Sydney. International and domestic guest numbers are up, whilst the % of those who choose rented apartments during their stay over hotels is growing.
Melbourne has more than doubled it's Airbnb listings since 2016. Driven by demand this growth shows no sign of slowing.
Instantly find out what your Melbourne property could earn you belowCalculate Potential Now
If you're tired of arranging cleaners or even doing the dirty work yourself, then let us free up your time, whilst helping you make more income - win, win!
Your Airbnb guests expect impeccably clean properties. Let us help you deliver five star cleaning, laundry and welcoming services for immediate impact on your guest satisfaction.
Airbnb success is grounded in an excellent guest satisfaction strategy.
The best Airbnb Property Managers in Melbourne know to improve guest satisfaction, firstly you must understand your guests.
Knowing and anticipating the types of guests in your area will greatly improve your chances of achieving return bookings and five-star property reviews. Both of which will improve your search ranking and maximise your investment.
Help is here for the often time consuming administration that is required with short term rentals.
KingsCoin offer full customer service admin as well as thorough accounting reporting.
We will also keep you fully informed of all State Government laws and regulations affecting your Melbourne property.
The access was outstanding and KingsCoin was super on to it with messaging and the check in side of things. I felt so relaxed at this house. It is clean, neat and well organized.
I recommend to anybody looking for a place in Adelaide. Thanks Matt for the attention and fast response to our requests. Cheers and looking forward to next year.
This is the nicest Airbnb I've ever stayed in. Simple check in/out, great communication, and helpful tips. I have absolutely nothing bad to say about the place or experience.
KingsCoin have decades of in depth property and property management experience, we aren’t new to the scene - we are the scene.
Our experience help provide you a complete all in one Airbnb management solution you can rely on, built from strong foundations in long term property management.
Our mantra is to ‘maximise returns’, this means your property will be booked for more nights at the best prices with overall higher guest satisfaction and listing exposure.
You won’t need to lift a finger, we will take care of it all. Your property plus our expertise equals unrivalled potential. We take care of all of the properties we manage as if they were our own and enjoy seeing the results for you and your family.
First step is to say hello, get to know you and your property to fully understand your hosting needs. Fill in your details to book a call at a time that is most convenient for you.
We will then phone you to provide an in-depth property forecast of your income potential with KingsCoin.
It’s an obligation free call, where you can make an enquiry without a commitment. Alternatively, if you are keen to begin straight away, you can call us now.
Our KingsCoin Melbourne management team will schedule an onboarding session with you, to include collating the full details and photos of your property in order to fully communicate the charm to Airbnb guests.
Your Airbnb guests expect transparency, as do we. So once you are signed up we will register ourselves as your professional co-host on your listing.
We may also send a handyman with two lockboxes to be installed close to your home.
Your job is done. Sit back, relax and let our Melbourne team maximise your property's potential. We offer a complete management service of your property. Looking after your home as if it was our own.
We work constantly to understand what Melbourne and surrounds guests are looking for to optimise and manage your listing for more bookings.
We will ensure your listing is competitively priced and account for peak events and seasonal rates for maximum returns.
Gaining Super Host status is a sort after part of any Airbnb Property Management strategy. Doing so means hard work and commitment to guest satisfaction and host responsiveness particularly.
KingsCoin’s Airbnb Property management team in Melbourne are well versed in what it takes to communicate for Super host success ensuring you swiftly reach this sort after status. However achieving a Super host badge is just step one, from there it's about utilising your earned title to further optimise your listing for more booking success.
Remove security deposits - the more experienced hosts increase cleaning fees to cover any instances where a deposit may be required and remove the deposit entirely
Enable Instant Book - Airbnb gives preferential treatment to properties with this feature enabled, meaning more prominence in search results and better performance overall.
Strict Cancellation policy - start off with a flexible cancellation policy then change it to strict after receiving at least 10 - 5 star reviews. As cancellations can kill your profitability.
Airbnb competition is fierce, even though there is over 23,600 listings in Melbourne currently only 15% have been frequently booked!
“Host responsiveness is the single most important determinant of successful Airbnbs. It has been proven to be the largest influencer of booking conversions, Airbnb search placement and overall listing views. Those who can’t respond to all messages within an hour are advised to sign up for an external service to help manage inquiries.”- Courier Mail article
Taking those figures into account, considering the ongoing tourism growth and rental demand of 72 out of 100 from AirDNA within Melbourne, there is huge potential for home owners to benefit.
Melbourne Airbnb property management is now easier than ever.
We will assist you in delivering high value Airbnb hosting services at an affordable management rate of 15%.
Melbourne hotels command some of the highest premiums in the world, so it's no wonder than Airbnb has taken off so well in this city.
Pair that with the fact that more visitors than ever are seeking rentals rather than hotels due to the unique experience to live like a local and you can see why short term rentals are a growing market.
Hosts offering a private room can expect around $16,115 income per year with an entire house with 4 bedrooms and more looking at $86,705!
The estimated average annual revenue for a property in Adelaide is $32,370.
The total average income takes into account the average occupancy rate at 67%, however KingsCoin Airbnb hosts frequently experience occupancy at 70-80%.
Airdna data ranked Melbourne's top listed private rooms as earning an estimated $40,098 return with Australia’s most lucrative Airbnb listing was a five-bedroom property at Palm Beach in Sydney, estimated to earn $249,508 a year.
The city’s peak periods of demand centres around the summer holiday period from late November to the end of January.
Many Airbnb hosts benefit around times of major sporting events like the Australian Tennis Open, the Boxing Day cricket test, the AFL Grand Final and Spring Racing Carnival.
Melbourne is globally celebrated for the cities world class events such as;
Melboune Cup - November
Australian Tennis Open - January
The Boxing Day cricket test - December
The AFL Grand Final
We'd love to hear from you and provide a no obligation property forecast