This flexibility is a great way to either make the most of a property that is vacant for a certain period of the year or even to make some money on a property that you are still living in. Short-term rental platforms allow you to choose when your property is available and allow you to use the property as desired, without having to remove a tenant or arrange furniture on short notice.

Access to Your PropertyĪn often-overlooked advantage of Airbnb is that you can still maintain access to your property should you need it for periods of the year. This potential for higher income is the main reason most people consider renting their homes on a short-term basis.

While this is more than acceptable for many, for those prepared to put in some more work, it’s possible to double or even triple those figures by renting out your property as short-term accommodation on Airbnb. To find Australia's highest yielding suburbs, please click here to download our latest report pack.

If you rent your home out in a traditional manner, most properties would generate somewhere between 2 and 5% in rental yield. Running your home or investment property as a short-term rental through Airbnb is a great way to make extra money, but it does come with some downsides that most newcomers often overlook. Over the last few years, AirBnB has become an increasingly popular way for property owners to rent out their homes.

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