Recently supply has grown significantly across major markets in Australia. Airbnb, in particular, has seen a 25% increase in listings compared to the previous year, totaling 166,000 listings as of June 2023. With these numbers, Australia ranks 10th in the number of listings globally.

New South Wales is leading the way with 56,000 listings benefiting from the popularity of Sydney’s inner-city and beachside suburbs.

Australia offers a plethora of opportunities for the short-term rental industry, with some of the key factors contributing to its success comprising:

1. Geographic attractions: Australia’s diverse and breathtaking landscapes offer travellers various experiences.
2. Year-round opportunities: Australia remains an attractive tourist destination with favourable weather conditions throughout the year.
3. Cultural and sports events: Australia hosts numerous cultural and sports events, offering exciting entertainment options.
4. Infrastructure: Australia boasts excellent infrastructure, making it convenient for travellers to explore the country.
5. Upcoming 2032 Olympics: The upcoming Brisbane Olympics further solidify Australia’s bright future in the vacation and short-term rental sectors, across all states, in particular Sydney.

Short-term rentals allow a landlord complete freedom over their asset. It ensures landlords don't get tied into long term rental contracts and can adapt their strategy to suit their needs at any given time.

Though the current occupancy rates may seem challenging, the long-term prospects for the Australian market are promising. It can take a 2 to 5 year commitment to realise the gains and higher returns of short-term rentals when compared to long-term.

The short-term rental industry in Australia and in particular in Sydney continues to grow, offering vast opportunities for property owners and managers. With our stunning harbour, vibrant city, cultural events, and upcoming 2032 Brisbane Olympics, there is no doubt that Sydney will continue to be a thriving market in the short-term holiday rental industry.