As a popular tourist resort in the world, the Gold Coast boasts dozens of kilometers of the world's best white sand beaches, blue sea and blue sky, and a pleasant climate, which makes the world's rich people come back. At this time, due to the development of the tourism industry, many local landlords and owners have turned to online platforms, such as Airbnb, a large global app that provides tourists with famous accommodation and short-term rent. In addition, the annual income of these owners reached 53 million Australian dollars.
The latest official figures from Airbnb show that short-stay hosts in Gold Coast have made a huge profit of 53 million Australian dollars in the past year, which means more than a million Australian dollars a week goes into the pockets of these owners; On average, each owner receives $6,000 a year from Airbnb. Compared to the total revenue of Airbnb hosts in Brisbane, the capital of Queensland, the figure of 53 million Australian dollars in Gold Coast is 10 million Australian dollars higher! If you look at the rest of Queensland, the annual revenue of Airbnb hosts in the tourist areas of Cairns and Townsville is $19.7 million and $5.5 million respectively. In addition, ACT, the Australia Capital Territory, earns about 20 million Australian dollars for short-lease landlords across the state. The amount of Gold Coast is almost twice as much!
The data also showed that the Gold Coast region saw a 67 percent increase in listings on Airbnb in 2018 compared to the year before. Sam McDonagh, Australia's regional director of Airbnb, said: "more and more families and small businesses in Gold Coast are using home-sharing sites. About 160,000 people used Airbnb for travel in Gold Coast last year, a 52% increase from the previous year. Industry insider Mike Murray says short-lease landlords should pay attention to issues such as whether the government allows short tenancy, have you purchased the right owner's
insurance, Whether or not bring trouble to circumjacent neighbor, while getting extra revenue. "The association of Australian insurers considers it a commercial practice to rent out your property for a short period of time, so owners should take into account the potential risks involved and purchase relevant insurance."
The most popular accommodation in Australia in 2017 is located in the hinterland of the Gold Coast, surrounded by beautiful tropical rainforest, which makes people feel like being in the wizard of oz.
Donna Gates, deputy mayor of the Gold Coast, said: “the city encourages a diverse economy, especially when it comes to the tourism of Gold Coast. We want our traditional star industry to produce more efficiency. ” “But if you want to be an Airbnb owner, you need to submit a formal application to the government and get permission from the relevant community organizations to operate.” She also revealed that the city council has opened a series of investigations into illegal short tenancy.
On top of that, there are concerns about whether the rise of short-term rentals will affect the affordability of long-term leases. John Newlands, chairman of the Queensland property board, said: "short-term leases have not affected the local long-term rental market. "Generally, apartment investors believe that the rental return of short-term lease will be higher than that of long-term lease, but at present, most Airbnb listings come from existing vacation apartments, so there is no impact on the long-term rental market.”