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.

July 2024 Summary

Nightly Rates increased in July 2024 by 2.87% to $195.86, and hosts saw higher occupancy rates at 56.70% across 1,764 listings.

Hosts averaged $823.09 per week, yielding 1.22x the annualised average of $674.00 for long-term rentals in Canberra.

Long-Term Rent: CoreLogic (April 2024)

Performance

MetricJuly 2024June 2024DifferenceChange
Market Revenue
$6,220,613.01
$5,855,279.16
$365,333.85
+6.24%
Monthly Revenue
$3,525.79
$3,316.95
$208.84
+6.30%
Nightly Rate
$195.86
$190.40
$5.47
+2.87%
Occupancy Rate
56.70%
54.87%
1.83%
+3.33%
Weekly Revenue
$823.09
$773.95
$49.14
+6.35%
Yearly Revenue
$42,893.55
$40,351.50
$2,542.05
+6.30%

Listings & Hosts

MetricJuly 2024June 2024DifferenceChange
Entire Homes
1,504
1,492
12
+0.82%
Hosts
806
800
6
+0.71%
Hotel Rooms
9
10
-1
-9.09%
Listings
1,764
1,765
-1
-0.05%
Private Rooms
248
261
-13
-5.07%
Shared Rooms
3
2
1
+50.00%
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 July 2024 at 1:00 am.