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.

July 2024 Summary

Nightly Rates increased in July 2024 by 10.97% to $253.20, and hosts saw higher occupancy rates at 53.55% across 987 listings.

Hosts averaged $1,004.54 per week, yielding 1.84x the annualised average of $547.00 for long-term rentals in Hobart.

Long-Term Rent: CoreLogic (April 2024)

Performance

MetricJuly 2024June 2024DifferenceChange
Market Revenue
$4,246,708.95
$3,529,344.64
$717,364.30
+20.33%
Monthly Revenue
$4,304.47
$3,533.36
$771.12
+21.82%
Nightly Rate
$253.20
$228.18
$25.02
+10.97%
Occupancy Rate
53.55%
48.77%
4.78%
+9.79%
Weekly Revenue
$1,004.54
$824.04
$180.50
+21.90%
Yearly Revenue
$52,370.95
$42,986.16
$9,384.79
+21.83%

Listings & Hosts

MetricJuly 2024June 2024DifferenceChange
Entire Homes
861
873
-12
-1.41%
Hosts
591
592
-1
-0.16%
Hotel Rooms
15
14
1
+6.67%
Listings
987
999
-12
-1.23%
Private Rooms
105
106
-1
-0.89%
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 15 July 2024 at 1:00 am.