The Airbnb explosion in Sydney

Discussion in 'Airbnb & Short Term Letting' started by Depreciator, 6th Jan, 2016.

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  1. geoffw

    geoffw Moderator Staff Member

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    It's a brilliant view. Even more so at night. And even more so again at Christmas, with Christmas lights on shops and houses along the roadside.

    For information for our viewers. Medellin is set in a valley (altitude 1500m) between mountains- altitude 2400m. The airport is in the plateau, hence the view. The central valley is where most of the wealthier population lives, and where there are scores of residential high rises. Although there is one rich area on the mountainside, it's mostly the slum dwellers who get the spectacular views. And steep roads and walkways.
     
    geoffw, 11th Jan, 2016
    #41
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  2. Ed Barton

    Ed Barton Well-Known Member

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    I've looked at staying at ABNB places but always turns out more expensive for one (not prepared to share a bathroom etc). Can see how it might be a cheaper better alternative for a family.

    I want a room with it's own bathroom and privacy - everything even the cheapest hotel provides.
     
    Ed Barton, 11th Jan, 2016
    #42
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  3. geoffw

    geoffw Moderator Staff Member

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    Many AirBnB places provide this. Look for studios or one BR apartments; under the heading, it will say "entire room/apartment".
     
    geoffw, 11th Jan, 2016
    #43
  4. USC

    USC Active Member

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    My friend does airbnb on their 4br townhouse on the CBD edge of Melbourne. Obviously location is the key. And the longer the stay the better.

    They usually have parties of around 10 people staying and it's quite a bit of work between guests. They do their own cleaning, so sheets, laundry etc...she estimates a full days work by the time sheets are washed, dryed and changed. Utility costs are high too. But the return is high so it seems to be worth it.

    As a guest I love airbnb. For a family, it's a no brainer when you can get a full apartment with kitchen airbnb Vs hotel room for similar price.
     
    USC, 11th Jan, 2016
    #44
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  5. House

    House Well-Known Member

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    Well then...

    Study claims you can shave years off your home loan by leasing it on Airbnb
     
    House, 20th Feb, 2017
    #45
  6. teetotal

    teetotal Well-Known Member

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    teetotal, 4th Mar, 2017
    #46
  7. rambotrader

    rambotrader Well-Known Member

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    Pretty well on the money.
    Short term lettings are fraught with danger and I have seen them on operation. There will be bucks, hens and out of control parties from young misfits who care not about your property. That means big costs and neighbours whose ability to live in their own homes you will give you a )rightful) hard time.
    You have of course rightly touched on the rental periods being inconsistent. That is what is frequently overlooked as landlords see the big dollars and go into this market with the blinkers in place.
    Good luck to anyone thinking this is a goldmine. It is actually an expensive curse on society and councils, were they not conflicted, would police their zonings rather than look the other way and destroy the ability of neighbours to live in their own homes.
     
    rambotrader, 14th Jun, 2017
    #47
  8. Gockie

    Gockie Life is good ☺️ Premium Member

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    Coming into peak season in Sydney and seems people are quite willing to spend over $1000 a week to live in a 1 br apartment near Sydney CBD for 4 people.

    Double rents... no complaints.
     
    Gockie, 21st Aug, 2017
    #48
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  9. S1mon

    S1mon Well-Known Member

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    you should price gouge more Gockie, maybe 2.5 rents :D

    July was me' 2nd best month (canberra), even tho depths of winter...less seasonal here i think people only come if they have to ;)
     
    S1mon, 21st Aug, 2017
    #49
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  10. teetotal

    teetotal Well-Known Member

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    I've used AirBnB in Canberra in the past to stay overnight on the way to Snowys. It helps break the trip and saves heaps. So i guess, it probably helps Canberra even more in the depths of winter.
     
    teetotal, 21st Aug, 2017
    #50
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