The Lucrative World of Short-Term Stay Accommodation Properties in Perth, Western Australia
Perth, Western Australia, known for its beautiful beaches, vibrant culture, and growing tourism industry, is an increasingly attractive destination for property investors.
While traditional long-term rentals have long been a staple in the Perth real estate market, the rising popularity of short-term stay accommodation properties is reshaping the investment landscape. In this blog post, we'll explore the specific benefits that short-term stay accommodation properties offer investors in Perth.
Capitalise on Tourist Demand
Perth is a popular tourist destination, drawing visitors from around the world to explore its natural beauty, cultural attractions, and business opportunities. Investing in short-term stay accommodation properties allows you to tap into this robust tourism market.
With the right property in the right location, you can attract a steady stream of tourists seeking comfortable and convenient lodgings.
Higher Rental Income During Peak Seasons
Western Australia experiences seasonal peaks in tourism, such as during summer, major events, and festivals. Short-term rentals in Perth can command premium rates during these periods, significantly increasing your rental income.
This seasonal income boost can help offset any lower occupancy rates during the off-peak season.
Flexibility for Personal Use
Investors often appreciate the flexibility of short-term rentals in Perth. You can choose when to make your property available for rent, allowing you to use it for personal purposes during times that suit you.
This flexibility enables you to enjoy your investment while still generating income from it when you need it most.
Proximity to Business Hubs
Perth is home to several business districts and industrial hubs, including the CBD, Osborne Park, and Joondalup. Short-term accommodation properties in these areas can attract business travelers seeking comfortable and convenient lodgings.
This proximity to business hubs can help maintain consistent occupancy rates throughout the year.
Cultural Events and Festivals
Perth hosts numerous cultural events and festivals throughout the year, including the Perth Festival, Fringe World, and more. These events draw large crowds, and attendees often seek short-term rentals for their convenience.
Investing in properties near event venues can provide excellent rental income opportunities during festival seasons.
Tax Benefits in Australia
Investing in short-term stay accommodation properties in Australia offers tax advantages as well. Property-related expenses, such as interest on mortgages, property management fees, and depreciation, can be claimed as deductions against rental income.
This can lead to significant tax benefits for property investors.
Strong Potential for Capital Appreciation
Western Australia's real estate market, including Perth, has historically seen strong potential for capital appreciation. As the region continues to grow and develop, property values have the potential to increase, potentially leading to substantial capital gains when you decide to sell your investment.
For investors looking to make the most of Perth's thriving tourism industry and real estate market, short-term stay accommodation properties present a promising opportunity.
With its diverse attractions and year-round appeal, Perth offers a unique environment for property investment.
However, it's essential to conduct thorough market research, and consider property management options. Halyn manages short-term stay accommodation properties throughout Perth.
Professional Short-Term Rental Management allows investors and homeowners to take advantage of higher rental returns from the short stay rental and flexible accommodation market, without having to worry about the hassle and complexity of dealing with different guests, getting your property listing set-up and organising cleaners.
Not all properties are suited for short-term rentals, and we can provide advice on your potential earnings based on our market data.
As a licensed real estate agent in Perth, we show you which steps you can take to increase your average occupancy rate, nightly rates and with it, your returns.
In partnership with MadeComfy, Halyn Property provides end-to-end management of short stay properties through a range of specialised services including styling & furnishing, property marketing, pricing, maintenance and cleaning.
Our specialised team takes care of everything, so you know you're receiving expert management to drive the highest short-term rental property performance possible and achieve market beating returns.
If approached wisely, investing in short-term stay accommodation properties in Perth can provide both financial rewards and personal satisfaction. Get in touch with our team to find out if your property is suitable - 1300 149 116.
