With our sunkissed beaches, warm climate and endless national parks it’s no surprise that Australia’s summer holiday rental market is fruitful and competitive. The short-term rental market is set to grow by 11.3% between 2023 and 2030, with industry leaders alluding to an evergrowing and evolving holiday rental market.
Many property investors also look to these season rental markets, allowing them to profit from and personally enjoy their property. Many investors list out their properties during the booming summer and school holiday periods and then enjoy them during the off-season. So with both profit potential and personal lifestyle factors in mind, let’s look at the best town to buy a summer holiday rental in Australia!
Ulladulla, NSW
Situated only 230 km south of New South Wales’ capital, Sydney; Ulladulla is the perfect coastal town for any city-slickers looking for a weekend getaway. Known for its seafood, picturesque coastline and scenic lookouts the town boasts a laidback lifestyle, that’s popular amongst many families and retirees. From its many walking tracks, hidden beaches and gourmet local treats, summer holiday-goers inject themselves into the local lifestyle and economy.
What are the property stats?
Median house price: $840,000
Median house weekly rent: $520
No. of properties leased in the past 12 months: 152
Airlie Beach, QLD
Airlie Beach is known as the gateway to the Whitsundays, being the last mainland stop before you set sail for the islands. As such, historically, a large number of visitors have passed through on their travels. However, in more recent years the beachy town has seen holiday bookings increase with those looking for a more budget-friendly tropical getaway. From a range of water sports to interactive wildlife experiences and a bustling nightlife Airlie Beach has it all, drawing a mix of travelers.
What are the property stats?
Median house price: $1,135,500
Median house weekly rent: $800
12-month rental growth: 14.3%
George Town, TAS
Potentially the most underrated town on our list, George Town located on Tasmania’s north coast has played host to the island state’s summer vacationers for decades. The region is now also becoming popular amongst out-of-state visitors, who want to escape the hustle and bustle in favour of the town’s idyllic wineries, farms and waterfront views. Whether you’re a surfer looking to hang ten, a history buff wanting to take a tour or a wine connoisseur eager to sample the vino, you can have it all in George Town.
What are the property stats?
Median house price: $365,00
Median house weekly rent: $380
No. of properties leased in the past 12 months: 119
Port Douglas, QLD
If you’re a Real Housewives fan, we’re sure you’re familiar with Port Douglas. The resort town located in Far North Queensland plays host to the country’s rich and famous as they seek to escape the rat race. The name of the game is relaxation in Port Douglas, with a never-ending supply of day spas and fine dining restaurants making the town so popular. With the area attracting the elite, they’re constantly looking for private residences with all of the convenient mod-cons one could ask for.
What are the property stats?
Median house price: $1,075,000
Median house weekly rent: $715
No. interested renters in the last month: 121
Margaret River, WA
Let’s not forget about the West Coast! The Margaret River region is one of the most famous wine regions in Australia, with over 200 wineries. Beyond that, the region in south-west Western Australia is popular amongst hikers and foodies, who want to challenge themselves and celebrate with a brew and platter of local cheeses. As such, the region attracts over 1 million visitors yearly.
What are the property stats?
Median house price: $763,750
Median house weekly rent: $680
12-month rental growth: 17.2%
Warrnambool, VIC
Signifying one of Australia’s greatest attractions, The Great Ocean Road, Warrnambool is a popular place for visitors to shack up. Because of this, the locals have lent to the recurring surges of tourists, providing all of the amenities one might expect in a capital city. When they’re not scouring the coastline, visitors can peruse the local hot springs, art gallery or farm-to-table restaurants.
What are the property stats?
Median house price: $597,950
Median house weekly rent: $520
No. interested renters in the last month: 511
Crescent Head, NSW
The surfy town of Crescent Head is located on the northeast coast of Australia. Situated on one of the most expensive stretches of coastline in Australia, this town is one of the last ‘undiscovered’ gems for tourists. Popular amongst younger people looking for a place to surf, and older crowds loving the retro charm, it’s a booming summer holiday spot for both NSW and QLD dwellers.
What are the property stats?
Median house price: $1,100,00
Median house weekly rent: $600
12-month rental growth: 10.6%
Port Lincoln, SA
Finishing our list down south, Port Lincoln on the Eyre Peninsula is a bustling town of over 15,000 permanent residents. Known predominantly for its fishing and seafood industry, the town is commonly known as the last big town before reaching Coffin Bay National Park. What many fail to mention is the growing tourism industry that the town is also host to. With its Maritime Museum, rare flora and fauna and unique islands it attracts nature and adventure lovers alike.
What are the property stats?
Median house price: $462,500
Median house weekly rent: $450
No. interested renters in the last month: 282
So there you have it the top towns to buy a holiday investment property in Australia!
Disclaimer: This guide is intended to provide general information and should not be considered professional financial or legal advice. It is essential to consult with qualified professionals to assess your specific circumstances and make informed decisions.
