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.
This report offers insight into the market conditions for December 2024, based on how the local Darwin market performed in November 2024.
November 2024 Summary
Nightly Rates decreased in November 2024 by -7.50% to $200.18, and hosts saw lower occupancy rates at 53.08% across 768 listings.
Hosts averaged $771.04 per week, yielding 1.25x the annualised average of $617.00 for long-term rentals in Darwin.
| Metric | November 2024 | October 2024 | Difference | Change |
|---|---|---|---|---|
Market Revenue | $2,537,316.21 | $3,278,882.34 | -$741,566.13 | -22.62% |
Monthly Revenue | $3,303.19 | $3,978.69 | -$675.50 | -16.98% |
Nightly Rate | $200.18 | $216.40 | -$16.23 | -7.50% |
Occupancy Rate | 53.08% | 59.15% | -6.07% | -10.26% |
Weekly Revenue | $771.04 | $928.33 | -$157.29 | -16.94% |
Yearly Revenue | $40,185.49 | $48,411.16 | -$8,225.66 | -16.99% |
Listings & Hosts
| Metric | November 2024 | October 2024 | Difference | Change |
|---|---|---|---|---|
Entire Homes | 640 | 694 | -54 | -7.79% |
Hosts | 340 | 361 | -21 | -5.88% |
Hotel Rooms | 3 | 3 | - | - |
Listings | 768 | 824 | -56 | -6.79% |
Private Rooms | 125 | 127 | -2 | -1.52% |
Shared Rooms | 0 | 0 | - | - |