The long anticipated response from the government on the recommendations into regulating the short-term letting industry was released in April and provides some much needed clarification on their position and future potential regulation and legislation.
This month the future legality of Airbnb in NSW became clearer when some details of the report prepared for the Baird government, after an 18-month parliamentary inquiry, were released.
As is often the case, there will be some clear winners and losers if the recommendations are implemented by the government of NSW but on the whole the report seems to be well balanced.
So, who are the winners and losers in this report? Read on to find out but a little hint – the winners are our customers and the losers are many of our competing Airbnb Property Managers and their customers.
In March we wrote a blog that looked at the rental income achieved using Airbnb vs ‘traditional’ long-term lettings. This income was over the 12-month period from February 2015 to January 2016 and showed an increase of 52% up to a staggering 96% using Airbnb.
As we start to enter into Sydney’s Airbnb high season we thought we’d carry out this comparison again focusing on the months of October to March.
Just how much extra could you be making during this period if you used Airbnb?
So you’re looking for someone to manage your property and you’re either already using sites like Airbnb or you’ve heard about the benefits of short-term letting and are considering using them. All excited you’ve got to work on researching potential Property Managers and you’ve prepared all the questions that you need to ask them. So far, so good.
If this sounds like you then make sure that you have included the two most important questions on your list (and many people overlook them by assuming that they’re a “given”).
With the summer months starting to feel like a distant memory the Eastern Suburbs has begun to quiet down and it’s more important than ever to make sure that your Airbnb listing stands out from the crowd and is competitive. In this blog we look at what you can do to achieve this.
There’s a good chance that you’ve heard of Airbnb, especially if you’ve made it to our website, but did you know just how popular it is in Sydney? Or what the actual economic impact of Airbnb is on Sydney? Well, we love a bit of data so enjoyed these two articles and thought we’d share some of the main points.
“People make how much more?!!” is usually the response from people when we get talking about the facts and figures of hosting on Airbnb.
In this blog we show the financial comparison of listing and renting through Airbnb compared to “traditional” renting to see just how much more can really be made.
The sharing economy is rampant at the moment and especially in Sydney with Uber having been officially approved for use in NSW in December and Sydney being Airbnb’s top 10 global city in 2015!
So what are some of the good reasons for being a host on Airbnb? Take a look at the full blog to discover.