Adelaide Market Report
Explore Adelaide's bustling short-term rental scene, nestled in a city with renowned wine, culture, and straightforward regulations.
Adelaide City Profile
Adelaide is a charming and laid-back city, famous for its wine regions and cultural institutions. Adelaide's short-term rental market is relatively less regulated and more relaxed compared to other cities, with fewer requirements for hosts and more flexible rules around renting out properties. The short-term rental market in Adelaide is a growing and popular industry.
Our Capital Markets reports aim to provide a transparent view of the short-term rental market in Adelaide on a month-to-month basis. We take in large sets of data and translate it into actionable insights for hosts, free of charge.
This report offers insight into the market conditions for December 2024, based on how the local Adelaide market performed in November 2024.
November 2024 Summary
Nightly Rates increased in November 2024 by 8.19% to $260.25, and hosts saw higher occupancy rates at 63.22% across 4,620 listings.
Hosts averaged $1,193.71 per week, yielding 2.03x the annualised average of $589.00 for long-term rentals in Adelaide.
| Metric | November 2024 | October 2024 | Difference | Change |
|---|---|---|---|---|
Market Revenue | $23,635,596.80 | $20,349,039.30 | $3,286,557.49 | +16.15% |
Monthly Revenue | $5,115.47 | $4,570.24 | $545.23 | +11.93% |
Nightly Rate | $260.25 | $240.56 | $19.69 | +8.19% |
Occupancy Rate | 63.22% | 61.12% | 2.11% | +3.45% |
Weekly Revenue | $1,193.71 | $1,066.33 | $127.38 | +11.95% |
Yearly Revenue | $62,235.74 | $55,609.09 | $6,626.65 | +11.92% |
Listings & Hosts
| Metric | November 2024 | October 2024 | Difference | Change |
|---|---|---|---|---|
Entire Homes | 3,901 | 3,769 | 132 | +3.51% |
Hosts | 2,410 | 2,285 | 124 | +5.45% |
Hotel Rooms | 8 | 10 | -2 | -20.00% |
Listings | 4,620 | 4,453 | 168 | +3.77% |
Private Rooms | 701 | 661 | 40 | +5.99% |
Shared Rooms | 11 | 13 | -2 | -15.38% |