Curious about Perth’s short-term rentals? Like to know more about Airbnb in Perth? We have you covered. Read on.
Airbnb stands for ‘air bed and breakfast’. While the ‘bed-and-breakfast’ phrase may be self-explanatory, ‘air’ is a nod to the company’s humble beginnings, when the founders rented out air mattresses in their apartments to local conference attendees.
Yes. Airbnb is legal in Perth.
Airbnb is an online short-term rental platform that allows property owners to rent out spaces to travellers needing accommodation. They can rent part (just a bedroom) or all of their property. Operating since 2008, the platform allows you to synchronise your content, rates and availability in one listing.
When a traveller makes the booking, the host is charged a 3% commission by the company. All travellers are charged under 14.2% of the booking subtotal.
No, Airbnb does not provide bedding or laundry. Maintaining everything inside your property is your responsibility. However, suppose you have your property managed by an Airbnb property manager such as Cloudbnb. In that case, we provide all linen and towels for you — in addition to cleaning and all hosting responsibilities. Read more about our Perth Airbnb management service here.
As of February 2024, there are over 1000 listings available in the Perth metro area, according to the Airbnb website.
Airbnbing your home or investment property in Perth can be extremely profitable. Occupancy rate estimates for the whole of Perth are around 67%; however, currently (February 2024), occupancy rates for Perth are 90%, while Fremantle is sitting at 93% with an average yearly income of just under $60,000, according to Airbtics.
Airbnb properties are popular all over Perth. However, hot favourite locations include Scarborough, Fremantle, Cottesloe, Northbridge, Subiaco and South Perth.
Yes. With Australia’s rising interest rates, many locals are feeling the pinch and choosing to say local rather than venturing interstate or overseas. Consequently, quick Perth Airbnb getaways are increasingly popular with locals.
If you need a little Airbnb-inspo to help you refurbish your home or investment property for the short-term rental market, check out these little WA beauties:
Proposed changes to Western Australia’s short-term rental accommodation (STRA) scene are rolling out this year (2024) and next (2025). Importantly, these changes will NOT cap the number of nights you can lease your property on the short-term market. Read more about these proposed STRA rules here.
Before you rent your Perth property short-term, you must contact your local council. Each local council has its bylaws to follow, with some having bylaws specific to short-term rental and holiday accommodation. For further information, see:
NB: Read more about WA’s STRA changes here.
If you rent out your home or investment property short-term, your income is treated as residential rental income, so no ABN is required. Similarly, GST is not applied. However, if you are running a commercial enterprise through Airbnb and charge GST, you must register for an ABN. See the ATO for more info.
The ATO has made their rulings on ATO obvious — income from your home or investment property is treated like more traditional rental properties. In short, you must disclose your income in your tax return. However, there are a few exceptions, such as if you offer your property at a rate below the market rate.
You can claim many expenses for Airbnb on your tax return. For example, you can claim:
Western Australia sits in fourth place, under NSW, VIC AND QLD, holding 12.5K active listings in 2023, according to Pricelabs.
Due to its rapidly increasing growth (25% increase in listings compared to the previous year as of June 2023), Australia ranked 10th in the number of listings globally.
SYAYZ is Australia’s leading vacation rental platform (now a part of the Expedia Group, along with Vrbo. Founded in 2001, it runs similarly to Airbnb and advertises over 40,000 holiday homes in 2000 locations across Australia.
According to Pricelabs, over the past 18 months, Airbnb supply has grown significantly across Australia’s major markets. Specifically, Airbnb has seen a 25% increase in listings compared to the previous year, with 156,000 listings as of June 2023.
Airbnb is HUGE! The global company operates in 97.95% of the world. In other words, Airbnb is in every part of the globe with the exception of North Korea, Iran, Sudan, and Syria!
If you’re ready to generate more income from your rental, get in touch today.
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