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Property Wanted!

By March 2, 2021 No Comments

Although there are caps on the numbers of passengers coming into Australian airports from overseas, according to the Australian Bureau of Statistics, January 2021 saw 31,700 estimated international arrival trips to Australia.

Of the 31,700 estimated arrival trips 3.8% of all arrivals were New Zealand citizens, the largest group apart from Australian citizens returning home.

After Hotel Quarantine, where do they go?

Many of these returning travellers, need to move quickly from hotel quarantine into short-term or furnished accommodation.  Because of the ease of booking systems, it is very simple to book suitable accommodation without the hassle of mountains of paper work and identification documentation.  Platforms like Airbnb have this security and vetting system already in place.

According to the Reserve Bank of Australia, the supply of properties on the long-term rental market has increased as properties previously listed on the short-term market became available in early to mid-2020.  This panic reaction by many investors has seen prices in the long-term rental markets reduce with this higher supply.

Landlords who stuck with the short-term market have come up trumps with demand for short-term accommodation increasing the value and occupancy of quality homes on the short-term market.

For returning travellers, short-term stays are flexible on time period.  There is no need to lock in a 6 or 12month lease. Guests love the idea of moving in without any worries.  All they need to do is unpack and relax with all utilities, linens, towels, kitchen-ware and house-hold appliances included.  According to Airbnb Australia, the average booking time since January 2021 has been 23 days.

To find out how you can benefit from the short-term rental market, CONTACT US NOW

 

AirDesign

Author AirDesign

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