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The bustling city of Sydney has witnessed a notable surge in the popularity of short-term rentals. This trend can be attributed to several factors, including the city’s vibrant cultural scene, its iconic landmarks such as the Sydney Opera House and Bondi Beach, and the steady influx of tourists and business travellers.
As the demand for unique and personalised lodging experiences continues to rise, short-term rentals in Sydney have become an attractive alternative to traditional hotels. Airbnb property management in Sydney is run by both mid-sized and large companies, seizing the opportunity to capitalise on the flourishing market.
These specialised entities play a pivotal role in efficiently managing and marketing properties on behalf of property owners, ensuring seamless operations and enhanced guest experiences. By leveraging their expertise in property management, these Airbnb property management companies in Sydney enable property owners to navigate the short-term rental landscape effortlessly, optimising occupancy rates and revenue streams.
As visitors seek accommodations that feel like home while exploring prime tourist spots like the Sydney Harbour Bridge and The Rocks, the synergy between the burgeoning demand for short-term rentals in Sydney and the services offered by Airbnb Property Management Sydney companies creates a win-win scenario for both travellers and property owners alike.
Airbnb Property Management Sydney Guidelines: In Metro/Greater Sydney and specific rural areas, non-hosted short-term residential accommodation (STRA) properties can be rented for up to 180 days annually. This is for the properties where the host is unavailable on its premises.
Regulations and Compliance: Hosts must follow fire and safety regulations and adhere to the NSW Fair Trade Code of Conduct for the STRA Industry to ensure compliance with hosting standards.
Registration Fees: Initial host registration costs 65 AUD for the first year. For subsequent years, registration renewal incurs a 25 AUD annual fee.
Source: abc.net.au
According to a trustworthy online report published in 2022, a total of 7,094 Airbnb listings were found in Sydney. Among these, 55% represented whole houses that had the potential to yield 3,816 AUD per month. The city had an average occupancy rate of 42%, and the standard daily rent amounted to 157 AUD. As per Airbtics, a service that tracked short-term rental properties, a two-bedroom apartment in Sydney had the potential to generate up to 62,780 AUD in annual rent.
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