Short Term Rentals Give Big Returns
Short-term rental properties are achieving the same income asmany full-time rentals within less than a third of the time.
Analysis shows it takes just 101 days for the owner of a short-stay rental to achieve the same income.
There was a 23% increase in the number of holiday rentalsadvertised in the year to March, with Real Estate Institute ofAustralia (REIA) figures showing almost 134,000 rooms orproperties are being offered for short-term rental. REIApresident Hayden Groves says for owners, the benefitsafforded to short-term hosts tend to outweigh regulatoryimpediments.
“Short-stay accommodation offers a superior investment optionwith less regulation and licensing involved, so we obviouslyneed to look to incentivise owners back into long-termaccommodation; not disincentive them further,” Groves says.
Airbnb head of public policy, Michael Crosby, says restrictingthe number of nights a property can be rented out via a capdoesn’t mean it will be returned to the long-term rental market.
