Sydney is the largest city in Australia and a popular destination for tourists, with majestic beaches that attract visitors from all over the world. Here I explore characteristics and the importance of being close to a beach for Airbnb listings in Sydney from a dataset from 2018-2019 (pre-pandemic), collected by insideairbnb (available here). Analysis code can be seen here. WHich neighborhoods are close to the beach?If you are thinking about visiting Sydney, you may decide where you will stay based on a map. But being close to the water does not mean being close a good beach, as Sydney is surrounded by cliffs, harbors, or simply less desirable beaches that may not satisfy your beach needs. To classify neighborhoods regarding their proximity to a beach, I simply used the proportion of listings thats used the word "beach" in each neighborhood (more than 50% classified as coast, less than 50% classified as inner). This proved to be a reliable method by checking the map of Sydney coupled with a little knowledge on where the best beaches are located. I also classified the city of Sydney (downtown) as an independent category (center), given its importance. Center listings have fewer bedrooms and accommodate fewer people than listings from other neighborhoods, but there is little difference between coast and inner listings (on average). Does price change according to neighborhood category?Being in a neighborhood close to a beach appears to increase the price charged per day for listings with many bedrooms or that are able to accommodate many people. Surprisingly, center listings are not much more expensive, on average, than inner ones. Is there a difference between summer and winter availability depending on neighborhood category?Different from expected, winter availability was lower than availability in summer for all neighborhood categories. Yet, it is important to notice that listings from coast neighborhoods had almost a zero difference. Conclusion: DOES IT MATTER being on a neighborhood close to the beach?From a tourist perspective, renting a place in a coast neighborhood may be more difficult in summer (due to lower availability) and may result in a greater price. This also means that, if you are thinking on getting property in Sydney to rent it in Airbnb, being nearby a beach may be more profitable.
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