Buyers Agent Sydney

“Never depend on a single income. Make investments to create a second source”

– Warren Buffet

How DO you create a second source of income simply with minimal effort?

If you’re looking for a way to boost your earnings without drastically changing your lifestyle or career, consider short-term accommodation rental for your Sydney home or investment property.

Double Your Rental Income:

Renting your property on sites such as Airbnb* during specific times of the year will allow you to almost DOUBLE your rental income.

Not surprisingly rentals spike significantly during peak periods, such as Christmas and New Year, but also during special events. Easter, long weekends, sporting events, festivals, Mardi Gras and Sydney’s Vivid Festival all demand premium prices.

You stand to make an extra 88% when listing your Sydney home during Mardi Gras. An apartment in Darlinghurst during Mardi Gras generates over $200 more per night than bookings taken before and after the parade. This equates to over $600 additional income from a 3 night booking.

Over Easter, you can earn an extra 35% by renting your home, the rise of staycations are believed to be fuelling this demand. Events you may not have considered such as Sydney’s Vivid Festival boosts rental properties by up to 34%

Key periods of the year are not the only opportunities for property rental. Longer terms stays (2-3 weeks) for visiting grandparents is on the rise, as well as accommodating wedding guests and weekends getaway.

Know your suburb strengths:

Longer rentals often require close proximity to public transport, while easy access to beaches are desirable for weekend getaways.

Centrally based suburbs also perform better than beachside properties during traditionally low peaks in winter. Including highlights of your area, and personal recommendations for local places to eat and things to do increases likelihood of your property being selected.

Understanding the short term rental market:

Determine the “right price at any given period” to ensure you’re not pricing yourself out of rental opportunities or under charging for your property. Check comparative properties to provide a benchmark for your pricing strategy.

Additionally, enlisting the help of professionals can boost your earnings over 30% above a long term rental with the right pricing strategy, inviting copy and quality photos.

To increase earning potential, professionals at Beyondbnb, suggest dressing beds in crisp white sheets, as florals and pattern has proven to be less inviting. If possible, store away expensive items and personal trinkets, photos, etc. It’s important for guests to feel “at-home” which is harder to achieve with reminders that they are in your personal space. *Beyondbnb and AirBnB NOT sponsored or affiliated with Search Find Invest

Of course, renting your property on a traditional longer lease is a great way to earn money from your property also, with potentially less involvement. It really depends on your investment focus overall, and the asset you are looking for, or already have.

For more information on making investments to create a second source of income please contact our expert Buyers Agents at This email address is being protected from spambots. You need JavaScript enabled to view it. or call 1300 132 970