This article is for you if you want to invest in an Airbnb home in Australia, specifically in Perth.
This gorgeous city will undoubtedly be an excellent source of passive income when considering the primary important parameters for a successful investment, such as average daily rates, monthly revenue, and occupancy rates in Australia.
Continue reading to learn more about Airbnb laws in Perth and how to make money in this city!
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Is it legal to use Airbnb in Perth?
To cut a long tale short, Airbnb is absolutely legal in Perth! With an estimated 13 million international visitors every year, this Western Australian city has regularly earned a profit from tourist expenditures over the years.
Perth is known for its numerous magnificent sights, such as Kings Park & Botanic Garden, The Perth Mint, Cottlesloe Beach, Freemantle Prison, and other tourist sites.
Here's some evidence! As of July 2022, there are 49,714 nights available on Airbnb alone in Perth. Phoebe is in charge of 61 listings, while Let Go and SmartStayWA are in charge of 52 and 36, respectively.
How much money can I make as an Airbnb host in Perth?
In Perth, there are currently 2,910 Airbnb listings, with 61% of complete houses earning up to A$3,397 a month. In Perth, the average occupancy rate is 67%, and the average daily rent is A$117. A 2-bedroom apartment in Perth can earn up to A$49,698 per year, according to holiday rental market data firm Airbtics. Don't forget to use our Airbnb Income Calculator!
What Are Perth's Short-Term Rental Accommodation Policies?
In order to lawfully rent your flat or house to short-term guests on a commercial basis, you must first obtain city planning approval.
Short-term rental housing providers in Western Australia are needed to register their property in order to operate and advertise.
Once approved, the short-term rental should be promoted with a unique registration number.
All applications must also demonstrate adherence to the Disability Discrimination Act.
Is Perth a Good City to Invest In?
If you're concerned about investing thousands of dollars to buy a home, the good news is that you don't have to! Rental arbitrage is preferred by property investors and hosts in Australia because it does not necessitate the ownership of a property.
According to Perth statistics data, the rental population in this area is 43.26%, with a consistent rental yield of 5.49%.
You'll be able to tell if Perth is a good investment location by utilising an accurate short-term rental calculator! It's critical to understand your projected annual revenue and high-return investment opportunities in Perth - and with Airbtics, this shouldn't be a difficult chore!
Perth airbnb regulations
Perth's local economy stays healthy, according to the property market in 2022. Despite low stock levels and peak demand, the growth trend in housing values is downward.
5 AIRBNB OPTIONS IN PERTH
Here are my top suggestions for the 11 best Airbnb lodging alternatives in Perth to aid anyone considering a city escape. These wonderfully designed Airbnb options, all sorted by price and reviews, ensure a delightful holiday in Western Australia.
1. Wonderful CBD loft flat - ideal for families
This three-level loft apartment is ideal for a family holiday or anyone looking for a one-of-a-kind CBD experience. It has incredibly spacious living areas with floor-to-ceiling windows on all floors that overlook the lovely interior courtyard!
Families with children will appreciate this location even more because it has high chairs and child's crockery. There's also a room full of toys and books that your kids will undoubtedly enjoy. And if you don't want to be interrupted while working, the open-plan loft space work area on the top floor is yours!
2. Excellent home in the city centre - ideal for shopping and dining.
Very clean, cosy, and lovely lodging close to the city but in a quiet neighbourhood. The host will ensure that guests have access to all necessary amenities. He will also provide detailed travel information to ensure that you have no trouble finding this comfortable Airbnb in Perth. The Airbnb has two bathrooms, making your stay even more convenient!
3. For a central Perth location, consider a heritage property in the centre of the city.
This Airbnb house in the middle of the city is a blend of historical charm and current urban flair, with a variety of artwork throughout. This Perth Airbnb, as seen and advertised in the photos, is a wonderful place to begin discovering everything Perth City has to offer. It's suitable for families and groups searching for spacious rentals in Perth with a comfortable bed and a great bath.
4. Kloppers Cottage is an excellent choice for relaxing.
This one-of-a-kind structure is built of reclaimed bricks, steel railway beams, and repurposed telegraph poles. It's hard to imagine you're so near to Fremantle's greatest dining and drinking establishments.
If you're travelling during the summer, this is one of the greatest locations to go because it's made of bricks and hence keeps cool. Overall, this home is an excellent choice for couples, small families, or even lone visitors seeking a secluded, tranquil setting.
5. Studio Apartments are ideal for single travellers.
Our studio apartment is light, bright, and trendy, making it ideal for lone travellers and business travellers. Despite its tiny size, this flat is fully equipped and at an excellent location to suit all of your needs. You have your own entrance and private parking for your solitude. Overall, a fantastic studio unit at a fantastic price!
Curious to see how much you could earn on Airbnb? Schedule a free, no-strings-attached consultation with our Airbnb Management Perth team to uncover your property’s revenue potential.
In general, paying attention to the Airbnb laws and regulations in Perth will make your Airbnb business work more smoothly! Aside from being a source of passive income for many hosts, launching an Airbnb business is also a fun opportunity to meet new people from all over the world.