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 November 2024, based on how the local Canberra market performed in October 2024.

October 2024 Summary

Nightly Rates decreased in October 2024 by -2.02% to $197.17, and hosts saw lower occupancy rates at 64.33% across 1,886 listings.

Hosts averaged $920.61 per week, yielding 1.37x the annualised average of $674.00 for long-term rentals in Canberra.

Long-Term Rent: CoreLogic (April 2024)

Performance

MetricOctober 2024September 2024DifferenceChange
Market Revenue
$7,434,941.37
$8,384,701.48
-$949,760.10
-11.33%
Monthly Revenue
$3,942.99
$4,527.78
-$584.79
-12.92%
Nightly Rate
$197.17
$201.24
-$4.07
-2.02%
Occupancy Rate
64.33%
72.38%
-8.04%
-11.11%
Weekly Revenue
$920.61
$1,056.68
-$136.06
-12.88%
Yearly Revenue
$47,977.87
$55,088.96
-$7,111.09
-12.91%
6 total (showing 1 - 6)

Listings & Hosts

MetricOctober 2024September 2024DifferenceChange
Entire Homes
1,629
1,589
40
+2.49%
Hosts
832
817
14
+1.77%
Hotel Rooms
11
11
-
-
Listings
1,886
1,852
34
+1.82%
Private Rooms
243
248
-5
-1.95%
Shared Rooms
3
4
-1
-25.00%
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 November 2024 at 1:00 am.