MadeComfy expands short-term rental service into Canberra
The firm, which operates in cities such as Sydney [where it is also headquartered], Melbourne, Brisbane, Gold Coast and Sunshine Coast, says it is expanding to the capital due to strong demand reflected in higher than average occupancy rates, maintaining an average of between 80 and 90 per cent.
One of the key drivers for this demand has been the supply of rental accommodations suitable for corporate travellers, mirroring a global trend whereby travellers are working increasingly on the move and more flexibly to suit their busy schedules.
In Canberra, corporate-friendly rentals are closely associated with the government sector and regular national conferences. The city also has a significant student contingent among its population, with the Australian National University, Canberra University and Australian Defence Force Academy further driving up demand among the millennial generation.
Among MadeComfy’s first acquisitions in Canberra is a multi-unit deal in an award-winning development in the city’s innovative cultural NewActon precinct.
Moving forward, the company is pursuing expressions of interest from property owners and real estate agents to forge new partnerships which will help it to grow its footprint in the Canberra market.
The firm works as a complete end-to-end service package and offers homeowners support with marketing, management and property maintenance.
Last April, it announced a major partnership with Airbnb, through which MadeComfy was set a target to reach more than 150,000 guests across the East Coast of Australia.
For more information, visit the MadeComfy website here.
