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 December 2024, based on how the local Canberra market performed in November 2024.
November 2024 Summary
Nightly Rates increased in November 2024 by 1.96% to $201.03, and hosts saw higher occupancy rates at 70.77% across 1,901 listings.
Hosts averaged $1,031.59 per week, yielding 1.53x the annualised average of $674.00 for long-term rentals in Canberra.
| Metric | November 2024 | October 2024 | Difference | Change |
|---|---|---|---|---|
Market Revenue | $8,407,574.22 | $7,434,941.37 | $972,632.85 | +13.08% |
Monthly Revenue | $4,422.60 | $3,942.99 | $479.61 | +12.16% |
Nightly Rate | $201.03 | $197.17 | $3.86 | +1.96% |
Occupancy Rate | 70.77% | 64.33% | 6.43% | +10.00% |
Weekly Revenue | $1,031.59 | $920.61 | $110.98 | +12.05% |
Yearly Revenue | $53,810.33 | $47,977.87 | $5,832.46 | +12.16% |
Listings & Hosts
| Metric | November 2024 | October 2024 | Difference | Change |
|---|---|---|---|---|
Entire Homes | 1,636 | 1,629 | 7 | +0.41% |
Hosts | 844 | 832 | 13 | +1.51% |
Hotel Rooms | 10 | 11 | -1 | -9.09% |
Listings | 1,901 | 1,886 | 15 | +0.82% |
Private Rooms | 253 | 243 | 10 | +3.97% |
Shared Rooms | 3 | 3 | - | - |