Top Places For Airbnb in Melbourne
We looked into our home market and found the top areas for Airbnb in Melbourne.
It is no question that Airbnb has transformed the travel industry, becoming an increasingly popular business hustle to diversify income. Perhaps you’re looking for a retirement venture, an investment opportunity, or you’re a curious Airbnb guest wanting to take the exciting leap and become a host.
Taking a step into the short-term rental market can be a daunting and overwhelming experience. Luckily, the team at Cosmo have crunched the numbers to ease your pressures.
Consider the following for your Airbnb endeavours, however please do not make any investments based solely on these figures.
Don't hesitate to contact us for more information about getting started in Melbourne. To sweeten the offer, we recently launched our Complete Plan in the Metro area.
St Kilda
Known for its stunning beach, bustling nightlife, and unique culture, St Kilda is a popular and diverse suburb for locals and tourists alike.
Airbnb listings in St Kilda earn an average annual revenue of $72,723.30 with an occupancy rate of 68% (248 days).
South Yarra
South Yarra is a sophisticated and cosmopolitan suburb that showcases the best of Melbourne's fashion, dining, and entertainment scene while providing ample opportunities for relaxation and recreation.
Airbnb listings in South Yarra earn an average annual revenue of $79,567.99 with an occupancy rate of 74% (270 days).
South Melbourne
A vibrant and eclectic suburb that offers a unique blend of history, culture, and entertainment. South Melbourne is known for its bustling markets, historic architecture, and expansive culture.
Airbnb listings in South Melbourne earn an average annual revenue of $80,119.37 with an occupancy rate of 74% (270 days).
Melbourne CBD
The bustling heart of Australia’s second-largest city. Home to a wide range of attractions and is known for its thriving food and drink scene. There is something for everyone in the Melbourne CBD.
Airbnb listings in Melbourne CBD earn an average annual revenue of $85,333.98 with an occupancy rate of 77% (281 days).
Richmond
With its vibrant shopping and entertainment districts, lively cultural scene, and beautiful parks and green spaces, Richmond is a popular destination for locals and visitors.
Airbnb listings in Richmond earn an average annual revenue of $86,327.48 with an occupancy rate of 78% (284 days).
Albert & Middle Park
Albert Park and Middle Park are beautiful and serene suburbs that showcase the best of Melbourne's natural beauty and rich cultural history.
Airbnb listings in Albert Park and Middle Park earn an average annual revenue of $89,251.27 with an occupancy rate of 79% (288 days).
Fitzroy & Collingwood
Two adjacent suburbs are located just north of Melbourne's central business district. Known for their thriving arts and culture scenes, trendy dining and nightlife, and unique shopping experiences
Airbnb listings in Fitzroy and Collingwood earn an average annual revenue of $92,954.17 with an occupancy rate of 78% (284 days).
Southbank
At the heart of Southbank is the iconic Yarra River, which provides stunning waterfront views and a range of recreational activities.
Airbnb listings in Southbank earn an average annual revenue of $93,421.05 with an occupancy rate of 75% (273 days).
By Charlie Stoner
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