Capital Markets

Darwin Market Report

Darwin is a unique and fascinating city with a rich history and culture. Located close to the Australian Outback, with vast expense of desert and wildernesss just a short drive away.

Darwin City Profile

Darwin is a unique and fascinating city with a rich history and culture. Located close to the Australian Outback, with vast expense of desert and wildernesss just a short drive away. The short-term rentalmarket in Darwin can be quite active, especially during the dry season which runs from May to September.

Our Capital Markets reports aim to provide a transparent view of the short-term rental market in Darwin 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 7.42% to $250.96, and hosts saw higher occupancy rates at 69.30% across 895 listings.

Hosts averaged $1,288.03 per week, yielding 2.09x the annualised average of $617.00 for long-term rentals in Darwin.

Long-Term Rent: CoreLogic (April 2024)

Performance

MetricJuly 2024June 2024DifferenceChange
Market Revenue
$4,941,393.99
$4,131,353.33
$810,040.65
+19.61%
Monthly Revenue
$5,521.63
$4,757.13
$764.50
+16.07%
Nightly Rate
$250.96
$233.63
$17.33
+7.42%
Occupancy Rate
69.30%
64.14%
5.16%
+8.05%
Weekly Revenue
$1,288.03
$1,110.38
$177.66
+16.00%
Yearly Revenue
$67,174.38
$57,877.47
$9,296.91
+16.06%

Listings & Hosts

MetricJuly 2024June 2024DifferenceChange
Entire Homes
752
727
26
+3.51%
Hosts
408
390
18
+4.60%
Hotel Rooms
3
3
-
-
Listings
895
868
26
+3.05%
Private Rooms
139
138
1
+0.68%
Shared Rooms
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 15 July 2024 at 1:00 am.