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Holiday rentals offer excellent returns

  • August 04, 2014

Holiday rentals offer excellent returnsShifting consumer behaviour has led to a surge in investment revenue from holiday properties, says holiday rental website Stayz. Its latest report examined Australian holiday-makers’ spending and behavioural trends over the past 12 months.According to Stayz, whereas Australians might have stayed at a caravan park or motel in the past, they’re now seeking holiday home rentals that tick all the boxes, and owners are reaping the rewards.The report shows the average holiday rental owner leases their property for approximately 23 weeks a year at an average weekly rate of $1143. The rate of return is such that holiday homes not only pay for themselves but also create a passive income stream. Stayz reported that almost half of all rental owners are capable of accruing profits above additional expenses such as mortgage and maintenance.Owners can expect to witness even greater growth in the future as holiday homes continue to take market share from traditional accommodation options.The average Australian reportedly takes 2.7 domestic holidays per year for an average of five nights per holiday. Stayz sees summer holiday enquiries peak during July and August, so it strongly suggests that property owners and managers list their holiday rentals as early as six months in advance.Stayz has about 1400 holiday rental locations on its books and says beachside locations such as Surfers Paradise, Port Douglas, Terrigal, Lorne and Fremantle are the most popular holiday spots among Australians.The full Stayz report can be found at: www.stayz.com.au