Putting a regional town property on Airbnb

Has anyone had any experience in renting out their regional property on Airbnb?

We are looking to purchase an IP in Ballarat and after much success with our Airbnb listing in Sydney (almost 97% booked out, cash flow positive) we are wondering how this would go in Ballarat! Obviously logistically it would be a lot more difficult (need to find someone to manage it).

Thanks in advance!
 
I'd guess < 30% occupancy & high cleaning/management changes.

Are there other airbnb properties in Ballerat ? What does their calendar look like ?
 
I've looked at exisiting Airbnb listings in Ballarat and their calendars which ultimately seem quite empty-but it's difficult to know if that's because they're not getting the bookings (eg no demand) or because they actually live in their house and only accept bookings when they feel like it (no supply).

Any other suggestions for research I can do would be much appreciated!
 
Research.

Look up all the listings in the area, what they charge, how many reviews they have, how often the reviews occur (compared to the minimum booking time) and see if there is demand and if the numbers work out.

I think it'd be harder to make work than somewhere like Sydney or a big tourist destination.
 
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