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.

April 2024 Summary

Nightly Rates increased in April 2024 by 1.92% to $209.20, and hosts saw higher occupancy rates at 66.15% across 1,802 listings.

Hosts averaged $1,025.33 per week, coming in at 1x the average of $690.00 for long-term rentals.

Long-Term Rent: PropTrack (May 2023)

Performance

MetricApril 2024March 2024DifferenceChange
Market Revenue
$7,917,240.84
$7,352,281.97
$564,958.87
+7.68%
Monthly Revenue
$4,393.30
$4,246.83
$146.47
+3.45%
Nightly Rate
$209.20
$205.26
$3.94
+1.92%
Occupancy Rate
66.15%
65.17%
0.98%
+1.50%
Weekly Revenue
$1,025.33
$991.31
$34.02
+3.43%
Yearly Revenue
$53,450.15
$51,668.82
$1,781.32
+3.45%

Listings & Hosts

MetricApril 2024March 2024DifferenceChange
Entire Homes
1,516
1,449
67
+4.63%
Hosts
845
813
32
+3.95%
Hotel Rooms
10
10
-
-
Listings
1,802
1,731
71
+4.09%
Private Rooms
276
271
5
+1.74%
Shared Rooms
0
1
-1
-
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 22 April 2024 at 8:29 pm.