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Sydney is bursting with short term Airbnb rental potential and experiencing strong growth in tourism with domestic and international visitors both up over 30% since 2014.
Sydney Airbnb rentals are recording a high demand, especially when this world city offers such globally iconic sites such as Bondi Beach and the renowned Sydney Opera House to draw global interest from travellers that Airbnb would also consider their audience.
Sydney's experiencing an increase in property asking prices with unit prices up 4.4% in 12 months & 3 bedroom house prices up 3.9%.
As property asking prices increase, asking rental rates have stagnated, meaning it will be hard for new home buyers to cover their mortgage with rent.
The result of increasing sale prices and stagnating rental rates. With yields down for houses on average of 15% in the last 3 years and units down 2.6%
With just over 24,000 rentals available and more than 792,000 Airbnb guests per annum, there is still strong demand for this type of rental, reflected in the rental demand rating for Sydney of 71/100.
With tourism up over 30% there are no signs of slowing. The best news for Airbnb hosts is that 45% of international visitors choose short term rentals compared with just 4% choosing a hotel!
According to a data site there has been growth of over 50% in listed Sydney Airbnb rentals since 2016, with growth forecast to continue.
Instantly find out what your Sydney property cloud earn you belowCalculate Potential Now
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. 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!Let's chat Housekeeping
The secret to Airbnb property success is grounded in an excellent guest satisfaction strategy to generate the right kind of reviews. The best Airbnb Property Managers in Sydney 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 Airbnb bookings and five-star property reviews. Both of which will improve your search ranking and maximise your investment.Talk to us for more
Help is here for the often time consuming administration that is required with Airbnb 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 property, including managing the 180 day policy that applies to all Airbnb hosts within the Greater Sydney region.Find out more
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 is a professional hosting service for Sydney Airbnb rentals that take all of the work out of it for you.
Renting out your home on Airbnb can be an exciting and profitable adventure, however staying on top of bookings, cleaning and ensuring you provide a high level of customer service can be daunting and take the joy out of renting your property.
That is where we help. As a Airbnb Property Management Company we understand the market and know how to look after your beautiful home and guests. Let us give you back time and money for making the choice to work with our Airbnb Property Management experts.
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 Sydney 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 will also send a handyman with two lockboxes to be installed close to your home.
Your job is done. Sit back, relax and let our Sydney team maximise your property's potential. We offer a complete management service of your property. Looking after your Sydney home as if it was our own.
We work constantly to understand what Sydney 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 in Sydney strategy. Doing so means hard work and commitment to guest satisfaction and host responsiveness particularly. KingsCoin’s Airbnb Property management team are well versed in what it takes to communicate for Superhost success ensuring you swiftly reach this sort after status. However becoming a SuperHost doesn’t mean you can relax, its more 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.
“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, the high rental demand and continued platform growth there is huge potential for home owners to benefit.
Whether you currently own an Airbnb investment property or are considering an Airbnb investment contact the KingsCoin team to leverage the lucrative potential of the Sydney Airbnb Market.
Deloitte Australia noted "One of the drivers of Airbnb growth has been creating lower cost accommodation options (to hotels) – we estimate a cost saving of around $26 million in 2015-16 for guests staying in Sydney who might otherwise have stayed in traditional accommodation".
They found that Airbnb listings are, on average, $88 cheaper per night compared to traditional accommodation in central Sydney.
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.
The estimated average annual revenue for a spare room in Sydney was $18,472, whilst an entire property is closer to $30,000.
This takes into account the 180 day rule, where all Airbnb hosts within Greater Sydney can only rent their property for 180 days a year.
The Courier Mail reported that for a private room Sydney hosts can expect an average annual income of $18,472, whilst houses with 4 bedrooms or more could expect $107,607!
Australia’s most lucrative Airbnb listing was a five-bedroom property at Palm Beach in Sydney, estimated to earn $249,508 a year.
Over Christmas and the Australian summer is a busy time of year for Sydney.
however peak revenues for Airbnb hosts usually occur in March with average expected revenue peaking at $3,284 in this month.
1. Sydney CBD
7. North Sydney
All leading properties had one theme in common excellent location. They were close to iconic tourist sites, well known markets, sporting stadiums and more.
The best performing type of property was 2 bed apartments.
Sydney's event calendar is globally renowned, meaning hosts who are aware of the major events in their area can potentially service a global demand.
Events that may affect Airbnb rates for hosts include;
Sydney Mardi Gras in February
Mercedes-Benz Fashion Week Australia in May
Vivid Sydney in May and June
City2Surf in August
Sydney to Hobart Yacht Race in December
Sydney New Year’s Eve in December
We'd love to hear from you and provide a no obligation property forecast