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.

June 2024 Summary

Nightly Rates decreased in June 2024 by -12.90% to $228.18, and hosts saw lower occupancy rates at 48.77% across 999 listings.

Hosts averaged $824.04 per week, coming in at 1x the average of $550.00 for long-term rentals.

Performance

MetricJune 2024May 2024DifferenceChange
Market Revenue
$3,529,344.64
$5,500,744.66
-$1,971,400.02
-35.84%
Monthly Revenue
$3,533.36
$5,501.79
-$1,968.44
-35.78%
Nightly Rate
$228.18
$261.97
-$33.79
-12.90%
Occupancy Rate
48.77%
66.15%
-17.38%
-26.27%
Weekly Revenue
$824.04
$1,283.31
-$459.27
-35.79%
Yearly Revenue
$42,986.16
$66,934.35
-$23,948.19
-35.78%

Listings & Hosts

MetricJune 2024May 2024DifferenceChange
Entire Homes
873
870
3
+0.33%
Hosts
592
604
-12
-2.03%
Hotel Rooms
14
19
-5
-25.00%
Listings
999
1,000
-1
-0.09%
Private Rooms
106
106
-
-
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 June 2024 at 1:01 am.