These properties for sale made lucrative returns as short-stay rentals
From a wild rock-n-roll themed crash pad in the heart of the city’s night-life district to a neat suburban post-war home, these lucrative short-stay properties are up for sale advertising returns of up to $850 per night.
As Brisbane’s rental market remains at critical one per cent vacancy, real estate listings reveal inner-city real estate is leaning into the short-stay boom, openly pitching properties as a ready-made side hustle.
Mum-of-four Susan Tanner and her mechanic husband Adam transformed a Fortitude Valley apartment into a bold tribute to the area’s live music scene, with vibrant wall murals and music memorabilia against sleek black panelling and patterned wallpapers.
The eclectic apartment is known as The Stairway to Heaven
Known as The Stairway to Heaven, the three-bedroom unit at 5/300 Wickham St is also a nostalgic nod to the owners’ first date at a local bar 20 years ago.
The apartment, listed on short-stay platforms at about $850 a night on weekends, is marketed via a best offers campaign with Jay Mackenzie, of McGrath Estate Agents Aspley.
“[This is] a rare opportunity to acquire one of Fortitude Valley’s most recognisable short-stay properties,” Mr Mackenzie said.
“The Stairway to Heaven is a proven Airbnb performer, ranked in the top 5 per cent of listings, with the style, location and reputation to match.”
5803/8 Margaret St, Brisbane City is a professionally managed short-stay rental for sale at $890,000
In Brisbane’s CBD, where there were nearly two whole-home Airbnb listings for every 10 homes recorded as rented during the Census, a luxury one-bedroom apartment on the 58th floor of the new Queen’s Wharf Diamond Residences is on the market for over $890,000.
Selling agents Gabriel Alonso Baron and George Hatzimihail from Junction Estate note the property at 5803/8 Margaret St is “currently operating successfully as an Airbnb”.
The listing promises a “convenient hands-off investment option, with bookings, guest communication and cleaning taken care of” by a professional management company, bypassing the traditional rental market entirely despite an estimated weekly rental value of up to $1,100.
909/8 Dickens Street, Spring Hill is for sale for $960,000
Nearby at 909/8 Dickens St in Spring Hill, Junction Estate agents Jeremy Paikaew and Hayley Avison use hard numbers to lure buyers.
The top-floor, two-bedroom unit contrasts its permanent rental appraisal of $950 to $1,000 per week against a short-term estimate of $300 to $325 per night, meaning an investor only needs to book the property for three nights to match a traditional week’s rent.
The short-stay takeover isn’t limited to the inner-city, with suburban houses also carved up for nightly rates.
At 117 Melton Rd in Nundah, a classic Queenslander with a self-contained lower level is marketed for its “genuine income flexibility.”
The owner of 117 Melton Rd, Nundah rented each of the downstairs bedrooms on the short-stay market
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Selling agent Michael Spillane from Innov8 Property highlights the property’s lucrative past, noting: “The previous owner advertised each of the downstairs bedrooms through Airbnb and the occupancy was incredibly high”.
Meanwhile in Carina, the owners of a renovated 1960s family home at 34 Paget St built in downstairs to create separate living space complete with a kitchen, bathroom and bar area leading out to a covered alfresco zone.
Marketed by Meg Goodall of Place Purpose Group, the listing tempts buyers with its extra income potential, noting past “Airbnb stays have achieved between $150 and $300 per night on weekends.”
This renovated post-war home at 34 Paget St, Carina was renting at up to $300 a night
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