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.

February 2024 Summary

Nightly Rates increased in February 2024 by 1.02% to $268.97, and hosts saw higher occupancy rates at 79.67% across 1,051 listings.

Hosts averaged $1,587.60 per week, coming in at 3x the average of $550.00 for long-term rentals.

Performance

MetricFebruary 2024January 2024DifferenceChange
Market Revenue
$7,148,922.32
$6,591,510.40
$557,411.92
+8.46%
Monthly Revenue
$6,803.05
$6,335.28
$467.77
+7.38%
Nightly Rate
$268.97
$266.25
$2.72
+1.02%
Occupancy Rate
79.67%
74.95%
4.72%
+6.30%
Weekly Revenue
$1,587.60
$1,477.98
$109.62
+7.42%
Yearly Revenue
$82,768.77
$77,076.09
$5,692.68
+7.39%

Listings & Hosts

MetricFebruary 2024January 2024DifferenceChange
Entire Homes
910
903
7
+0.73%
Hosts
632
621
11
+1.83%
Hotel Rooms
20
19
1
+5.00%
Listings
1,051
1,040
10
+1.00%
Private Rooms
115
113
2
+1.67%
Shared Rooms
6
5
1
+20.00%
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 February 2024 at 1:00 am.