Perth father and son's Airbnb success

Perth Now

 

Perth father and son's Airbnb success

FAR from merely earning owners a bit of extra pocket money, Airbnb properties are generating tens of thousands of dollars for savvy Aussie homeowners with a spare room or couch.

Despite a recent report commissioned by Airbnb showing the average income for Australian hosts was under $5000, detailed analysis by analytics company Airdna showed the estimated revenue for a spare room in Perth was $11,604 in the year to March.

Alan and James Moody are Perth’s most successful Airbnb hosts, according to data compiled by Airdna, with their Ascot mansion returning an estimated $92,143 a year.

The father and son bought the six-bedroom house overlooking the Swan River last year, with the intention that James would move in, next door to dad Alan.


The Ascot property returns $92,143 a year. Picture: Supplied

But work forced James to move and, in order to cover the mortgage, the house was listed on Airbnb.

“The traditional lease arrangements under the current laws would’ve made things very, very hard if we had a problem tenant,” James said, of the decision to list on Airbnb.

“The Airbnb set-up offers more flexibility, and we have a lot of control over who goes in and out.

“The way in which we operate with Airbnb, it’s a short-term contract with us and whoever is using the property and they accept the terms,” James said.


The main bathroom at Moody Waters Retreat. Picture: Supplied

The expectation was the house would return between $9000 and $10,000 a month at $650 a night.

“Over November and December, we were booked for 60 out of 61 days,” James said.

Other successful listings in Perth included a “beachfront penthouse and huge terrace” at Scarborough which made an estimated $83,335 in the year to March, and a five-bedroom South Perth retreat at Kensington that returned an estimated $77,552.

Citywide, there were 4349 “active listings” on Airbnb according to the Airdna data.

 


Father and son Alan and James Moody after buying their Ascot property. Picture: Supplied

But Airbnb Australia country manager Sam McDonagh said substantial incomes for hosts was not typical.

“The average income for hosts across Australia is just $3700 a year,” he said.

“Our hosts tell us this helps them take a holiday themselves, reduce the mortgage, cover bills and household expenses.”

 

James said the formula for operating a successful Airbnb was simple.

“As long as you go out of your way to keep people happy, you should succeed,” he said.

PERTH'S AIRBNB MUST-HAVES

  • A kitchen

  • Washer-dryer

  • Wi-Fi

  • Heating

Workflow: 
Approved