Name: Most profitable Airbnb suburbs in New South Wales · dw:7zwPq
Creator: Finder

Western Australia leads for homeowner Airbnb profits, with Wanneroo generating $5,885 monthly profit at a 69% margin.
For renters subletting on Airbnb, Mount Martha tops the list with $8,295 monthly profit and a 76% margin.
Check extra yield versus long-term renting in your suburb, as some areas generate negative returns for homeowners.

This summary was generated by AI and may contain errors or omissions.

Over recent years, Airbnb has emerged as a strong competitor to traditional hotel accommodation around the world. For travellers, it can be a cheaper and more bespoke experience. For homeowners it presents a lucrative money spinner in locations with high tourist activity. New Finder research can now reveal the most lucrative suburbs for listing a property on Airbnb for homeowners and for renters looking to sublet.

Most profitable suburbs in New South Wales
Label	Average daily Airbnb rent	Profit for homeowners	Profit margin for homeowners	Profit for renters	Profit margin for renters	Extra yield compared to renting out property
Bellingen	306	-375	-8%	2,177	49%	-2,655
Coffs Harbour	485	3,540	50%	4,875	69%	1,360
Ashfield	198	-3,820	-133%	439	15%	-6,260
Auburn	238	-826	-24%	1,518	44%	-2,771
Bankstown	185	-1,802	-67%	691	26%	-3,802
Blacktown	207	-705	-23%	1,256	42%	-2,465
Burwood	191	-6,666	-240%	174	6%	-9,266
Camden	234	-1,103	-32%	1,508	44%	-2,993
Campbelltown	227	-173	-5%	1,566	47%	-1,913
Canada Bay	231	-7,608	-226%	462	14%	-10,508
Canterbury	192	-2,787	-100%	398	14%	-5,177
Fairfield	169	-1,311	-53%	793	32%	-2,971
Holroyd	245	576	16%	1,610	45%	-1,384
Hornsby	313	-1,350	-30%	2,232	49%	-3,673
Hunters Hill	341	-10,216	-206%	1,505	30%	-13,666
Hurstville	224	-3,537	-109%	875	27%	-5,917
Lane Cove	332	-5,142	-107%	1,467	30%	-8,502
Leichhardt	309	-2,750	-61%	1,717	38%	-5,525
Liverpool	245	-311	-9%	1,808	51%	-2,066
Manly	461	-8,469	-126%	2,003	30%	-13,169
Marrickville	211	-3,662	-119%	477	15%	-6,262
Mosman	695	-6,246	-62%	4,997	49%	-11,366
North Sydney	297	-5,473	-127%	1,134	26%	-8,663
Parramatta	188	-2,691	-98%	697	25%	-4,731
Penrith	248	-105	-3%	1,742	48%	-1,965
Randwick	348	-6,486	-128%	1,365	27%	-10,186
Rockdale	233	-2,600	-77%	1,035	31%	-4,950
Ryde	246	-4,189	-117%	1,082	30%	-6,689
Strathfield	326	-6,332	-133%	1,999	42%	-9,082
Sydney	287	-1,755	-42%	1,136	27%	-4,795
Waverley	399	-5,273	-91%	2,151	37%	-8,923
Willoughby	281	-6,290	-154%	549	13%	-9,830
Woollahra	567	-8,132	-99%	3,810	46%	-12,567

Most profitable suburbs in Victoria
Label	Average daily Airbnb rent	Profit for homeowners	Profit margin for homeowners	Profit for renters	Profit margin for renters	Extra yield compared to renting out property
Frankston	293	870	20%	2,559	60%	-830
Maribyrnong	215	-1,384	-44%	1,324	42%	-3,184
Melbourne	338	2,147	44%	2,814	57%	47
Melton	272	1,663	42%	2,640	67%	343
Whittlesea	244	449	13%	1,907	54%	-1,191
Dromana	471	2,081	30%	4,630	68%	-144
Flinders	733	-7,073	-66%	7,072	66%	-10,673
Mount Eliza	588	1,669	20%	5,953	70%	-931
Mount Martha	746	4,828	44%	8,295	76%	2,268
Somerville	540	4,203	53%	5,937	76%	2,283

Most profitable suburbs in South Australia
Label	Average daily Airbnb rent	Profit for homeowners	Profit margin for homeowners	Profit for renters	Profit margin for renters	Extra yield compared to renting out property
Angaston	373	2,693	50%	3,954	73%	1,213
Eden Valley	201	120	4%
Greenock	235	350	10%
Kapunda	400	3,839	66%	4,365	75%	2,379
Lyndoch	513	4,370	59%	5,668	76%	2,570
Mount Pleasant	494	4,149	58%
Nuriootpa	486	4,713	67%	5,477	78%	3,123
Penrice	251	739	20%
Springton	216	1,374	44%
Tanunda	468	4,421	65%	5,212	77%	2,821
Williamstown	233	629	19%	1,516	45%	-1,251
Glenelg	229	-2,068	-62%	1,185	36%	-4,218

Most profitable suburbs in Tasmania
Label	Average daily Airbnb rent	Profit for homeowners	Profit margin for homeowners	Profit for renters	Profit margin for renters	Extra yield compared to renting out property
Brighton	253	830	23%	1,776	48%	-1,070
Burnie	168	388	16%	1,134	46%	-922
Devonport	207	756	25%	1,617	54%	-634
George Town	243	1,583	45%	2,239	63%	293
Glenorchy	253	854	23%	1,727	47%	-1,106
Hobart	282	370	9%	1,794	44%	-1,940
Latrobe	214	713	23%	1,590	51%	-807
Launceston	238	-168	-5%	1,639	47%	-1,988
Sorell	209	-90	-3%	1,138	37%	-1,990

Most profitable suburbs in Western Australia
Label	Average daily Airbnb rent	Profit for homeowners	Profit margin for homeowners	Profit for renters	Profit margin for renters	Extra yield compared to renting out property
Albany	264	162	4%	2,303	60%	-1,378
Armadale	187	1,159	42%	1,218	45%	-351
Bassendean	173	-107	-4%	573	23%	-2,047
Bayswater	206	444	15%	1,069	36%	-1,486
Belmont	218	849	27%	1,352	43%	-966
Beverley	268	2,520	65%
Boddington	206	1,303	43%	1,437	48%	-257
Boyup Brook	192	1,390	50%	1,754	63%	350
Broome	480	4,873	70%	4,455	64%	2,343
Bruce Rock	200	2,076	71%
Bunbury	205	207	7%	1,088	36%	-1,693
Busselton	384	2,856	51%	3,183	57%	456
Capel	343	2,770	55%	3,114	62%	890
Carnamah	230	2,592	77%
Chittering	368	1,559	29%	2,480	46%	-1,321
Claremont	250	-2,627	-72%	360	10%	-5,902
Collie	196	1,444	51%	1,412	50%	9
Corrigin	174	1,565	62%
Cottesloe	400	-4,556	-78%	2,139	37%	-8,236
Cunderdin	120	819	47%
Denmark	258	1,112	30%	2,020	54%	-628
East Fremantle	257	-1,375	-37%	1,043	28%	-4,075
Esperance	277	1,885	47%	2,629	65%	485
Exmouth	544	4,959	63%	3,812	48%	859
Fremantle	223	-828	-26%	642	20%	-3,428
Gingin	298	2,190	51%
Gnowangerup	203	2,212	75%
Goomalling	300	3,160	72%
Gosnells	170	745	30%	924	37%	-810
Harvey	248	1,855	51%
Jerramungup	223	2,224	69%
Joondalup	252	1,229	33%	1,771	48%	-671
Kalamunda	237	112	3%	1,545	45%	-1,798
Katanning	148	1,176	55%	916	42%	-64
Kellerberrin	121	1,118	64%
Kojonup	130	832	44%
Kulin	156	1,634	72%
Lake Grace	200	1,798	62%
Mandurah	310	2,758	61%	2,965	66%	1,218
Manjimup	237	1,944	56%	2,113	61%	604
Meekatharra	145	1,792	85%
Melville	291	307	7%	1,879	44%	-2,053
Merredin	168	1,379	57%	1,159	48%	99
Mosman Park	260	-1,743	-46%	1,037	27%	-4,483
Mundaring	240	-209	-6%
Nannup	449	4,219	65%
Narrogin	150	1,063	49%	908	41%	-217
Nedlands	344	-1,838	-37%	2,032	41%	-4,813
Northam	181	1,182	45%	1,338	51%	-118
Northampton	323	2,952	63%
Peppermint Grove	469	-14,888	-218%	3,354	49%	-18,358
Perth	261	359	9%	1,604	42%	-1,841
Port Hedland	298	1,219	28%	829	19%	-2,281
Quairading	150	965	44%
Ravensthorpe	208	2,075	69%	1,769	58%	815
Rockingham	219	1,090	34%	1,492	47%	-605
South Perth	232	-2,134	-63%	880	26%	-4,634
Stirling	319	393	8%	2,311	50%	-1,932
Subiaco	179	-2,995	-115%	-193	-7%	-5,800
Toodyay	282	2,214	54%	2,644	64%	754
Victoria Park	202	-116	-4%	843	29%	-2,216
Wagin	132	1,123	59%
Wanneroo	586	5,885	69%	6,658	78%	4,010
Waroona	285	2,342	57%	2,403	58%	602
Williams	280	2,753	68%
York	323	2,812	60%	3,300	70%	1,412

Airbnb for homeowners

Western Australia appears the most lucrative state with the top 3 most profitable suburbs. Wanneroo is the most profitable suburb, where homeowners can expect to make a potential average profit of $5,885 per month. This is a profit margin of 69% generating $6,658 more per month than renting out that same property.

Exmouth comes in second with a potential profit of $4,959, while Broome comes in third where homeowners can expect to generate $4,873 of profit per month.

In Victoria, Mount Martha is the most profitable at $4,828 per month.

In South Australia, it's Nuriootpa in the Barossa Valley that can generate the most profit from Airbnb, delivering $4,713 profit per month.

In New South Wales, Coffs Harbour stands out, with AirDNA data showing average annual revenue of around $34,900 (about $2,908 per month) before expenses.

Tasmania lags behind the other states, with its most profitable suburb George Town only generating on average $1,583 per month from Airbnb listings.

Airbnb for renters

Over 2022 and 2023 rental prices have surged with vacancy rates falling dramatically. Finder's research shows that median asking rents have increased 11% in February 2023 compared to the same period in 2022. So, how much could renters make on Airbnb by subletting their home?

Finder's research reveals Mount Martha in Victoria is the most profitable suburb for renters, delivering a whopping $8,295 per month in profit from simply subletting on Airbnb. This amounts to a profit margin of 76%.

Flinders comes in second at $7,072, followed closely by Wanneroo in Western Australia at $6,658 potential profit per month.

In South Australia, Lyndoch is the most profitable where renters can expect to generate $5,668 from subletting on Airbnb.

In New South Wales, Mosman offers the biggest opportunity to renters with an average profit of $4,997 per month.

Tasmania once again lags behind, with George Town the most profitable suburb only able to generate $2,239 per month on average.

The potential profit from subletting on Airbnb is a double edged sword for renters. Research shows that Airbnb listings do reduce the rental supply and can push rental prices higher.

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Coffs Harbour, New South Wales short-term rental revenue & daily rates | AirDNA

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Written by

Saranga Sudarshan

Analyst

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Saranga Sudarshan is an experienced analyst specialising in consumer finance research, data analysis and market intelligence. Formerly a research analyst at Frost & Sullivan, he holds a PhD in political philosophy from the University of St Andrews, as well as a Bachelor’s and Master’s degree in Philosophy from the University of Sydney. Saranga was an Analyst at Finder from 2022 to 2024. See full bio

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