Capital Markets

Hobart Market Report

Hobart is a bustling city with a vibrant arts and cultural scene. The short-term rental market in Hobart has grown in recent years, as the city has become a popular destination for both domestic and international travellers.

Hobart City Profile

Despite its small size, Hobart is a bustling city with a vibrant arts and cultural scene. The short-term rental market in Hobart has grown in recent years, as the city has become a popular destination for both domestic and international travellers.

Our Capital Markets reports aim to provide a transparent view of the short-term rental market in Hobart 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 2.55% to $262.22, and hosts saw lower occupancy rates at 74.25% across 998 listings.

Hosts averaged $1,442.07 per week, coming in at 3x the average of $550.00 for long-term rentals.

Long-Term Rent: PropTrack (May 2023)

Performance

MetricApril 2024March 2024DifferenceChange
Market Revenue
$6,168,388.01
$6,163,104.87
$5,283.14
+0.09%
Monthly Revenue
$6,181.25
$6,301.26
-$120.01
-1.90%
Nightly Rate
$262.22
$255.70
$6.52
+2.55%
Occupancy Rate
74.25%
77.62%
-3.37%
-4.35%
Weekly Revenue
$1,442.07
$1,470.42
-$28.35
-1.93%
Yearly Revenue
$75,201.21
$76,664.07
-$1,462.86
-1.91%

Listings & Hosts

MetricApril 2024March 2024DifferenceChange
Entire Homes
875
849
26
+3.12%
Hosts
593
577
16
+2.78%
Hotel Rooms
19
20
-1
-4.76%
Listings
998
978
20
+2.03%
Private Rooms
98
104
-6
-5.45%
Shared Rooms
6
6
-
-
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.