Australia’s most profitable suburbs to rent
- finder.com.au analysed 2,000 suburbs to find the most profitable suburbs to sublease a room
- Barton Heads, Victoria, tops the list with 1,032% potential return
- Great way for renters to make extra cash but seek permission from landlord first
AUGUST 25, 2015, SYDNEY, AUSTRALIA – One of Australia's biggest comparison websites finder.com.au has listed the most profitable suburbs for renters to sublease a room using accommodation listing site Airbnb (www.finder.com.au/airbnb-australia-rental-profits).
Out of more than 2,000 suburbs across Australia, finder.com.au found Barton Heads in Victoria was the most profitable suburb, returning an average 1,032 percent profit margin to rent out a room. The current average advertised rent for properties in this suburb is $111 per week while renting out a room on Airbnb for the week could return $1,259-1,032 percent profit.
It was followed by Tin Can Bay in Queensland, with a 971 percent profit, and the third most profitable location was Bomaderry in New South Wales, which saw a 903 percent average return.
Michelle Hutchison, Money Expert at finder.com.au, said she was surprised to find how much money renters could make by subleasing a room.
“There are about 2.5 million households who rent in Australia and many could be sitting on a gold mine without even realising it.
“In fact, the vast majority of the 2,372 suburbs we compared could profit from renting out a room using sites like Airbnb. It's a great way to make some extra cash, especially if you have spare rooms that you don't need or use, and don’t mind sharing your space with strangers.
“Keep in mind however that some rental agreements won’t allow you to sublease rooms so you should speak to your landlord for permission before you start advertising your space.”
Click here for the full list of suburbs
For further information
The information in this release is accurate as of the date published, but rates, fees and other product features may have changed. Please see updated product information on finder.com.au's review pages for the current correct values.
More than 3 million Australians turn to finder.com.au every month to save money, time and make important life choices. We compare virtually everything from credit cards, phone plans, health insurance, travel deals and much more.
Our free service is 100% independently-owned by two Australians: Fred Schebesta and Frank Restuccia. Since launching in 2006, we’ve helped our users make more than 17 million decisions.
We continue to expand and launch around the globe, and now operate in the United States and United Kingdom. For further information visit www.finder.com.au.