What are the key regulations for short-term rentals in Australia?
Regulations vary by state and council but typically cover:
- Maximum occupancy limits
- Strata approval requirements (for apartments)
- Safety standards (smoke alarms, pool fencing)
- Local government registration schemes
- Noise and nuisance bylaws
What are the financial advantages of short-term versus long-term rentals?
Short-term rentals offer superior income potential through:
- 30-80% higher gross returns in most markets
- Dynamic pricing that capitalises on peak demand periods
- Ability to adjust rates frequently to maximise revenue
- Multiple income streams (cleaning fees, added services)
- Tax benefits from higher depreciation claims on furnishings
How does MadeComfy manage short-term rental properties?
MadeComfy provides end-to-end management including:
- Professional listing optimisation and photography
- Dynamic pricing and yield management
- Guest communication and 24/7 support
- Premium cleaning and maintenance services
- Detailed financial reporting for owners
What insurance is required for short-term rentals?
Essential coverage includes:
- Landlord insurance with short-term rental clauses
- Public liability protection
- Contents insurance for furnishings
- Loss of income provisions
- Malicious damage coverage
Which locations perform best for short-term rentals in Australia?
Top performing areas typically feature:
- Proximity to CBDs or beaches
- Strong tourism or corporate demand
- Limited hotel competition
- Year-round appeal (not just seasonal)
- Good transport and amenity access