Capital Markets

Canberra Market Report

Canberra is the capital city of Australia, home to the Australian government and a hub for education and research.

Canberra City Profile

Canberra is the capital city of Australia, home to the Australian government and a hub for education and research. The short-term rentalmarket in Canberra is relatively small compared to other major Australian cities, but it is growing steadily.

Our Capital Markets reports aim to provide a transparent view of the short-term rental market in Canberra 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 September 2024, based on how the local Canberra market performed in August 2024.

August 2024 Summary

Nightly Rates increased in August 2024 by 8.65% to $217.98, and hosts saw lower occupancy rates at 60.76% across 1,821 listings.

Hosts averaged $961.14 per week, yielding 1.43x the annualised average of $674.00 for long-term rentals in Canberra.

Long-Term Rent: CoreLogic (April 2024)

Performance

MetricAugust 2024July 2024DifferenceChange
Market Revenue
$7,498,064.46
$8,477,198.19
-$979,133.73
-11.55%
Monthly Revenue
$4,117.66
$4,466.02
-$348.36
-7.80%
Nightly Rate
$217.98
$200.63
$17.35
+8.65%
Occupancy Rate
60.76%
71.60%
-10.84%
-15.14%
Weekly Revenue
$961.14
$1,042.20
-$81.06
-7.78%
Yearly Revenue
$50,095.08
$54,330.47
-$4,235.38
-7.80%
6 total (showing 1 - 6)

Listings & Hosts

MetricAugust 2024July 2024DifferenceChange
Entire Homes
1,565
1,636
-70
-4.31%
Hosts
799
860
-61
-7.07%
Hotel Rooms
10
10
-
-
Listings
1,821
1,898
-77
-4.07%
Private Rooms
244
248
-4
-1.56%
Shared Rooms
2
5
-3
-60.00%
6 total (showing 1 - 6)
Cosmo does not provide financial, legal or accounting advice. All estimates are based on past performance of nearby listings, but are not guaranteed to be accurate or reliable. Actual performance may vary. Updated 15 September 2024 at 1:00 am.