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.

This report offers insight into the market conditions for September 2024, based on how the local Hobart market performed in August 2024.

August 2024 Summary

Nightly Rates increased in August 2024 by 7.67% to $251.95, and hosts saw lower occupancy rates at 52.92% across 1,006 listings.

Hosts averaged $966.93 per week, yielding 1.77x the annualised average of $547.00 for long-term rentals in Hobart.

Performance

MetricAugust 2024July 2024DifferenceChange
Market Revenue
$4,167,595.05
$4,715,164.67
-$547,569.61
-11.61%
Monthly Revenue
$4,144.68
$4,680.25
-$535.57
-11.44%
Nightly Rate
$251.95
$234.00
$17.95
+7.67%
Occupancy Rate
52.92%
64.33%
-11.41%
-17.74%
Weekly Revenue
$966.93
$1,092.38
-$125.45
-11.48%
Yearly Revenue
$50,430.90
$56,940.79
-$6,509.89
-11.43%
6 total (showing 1 - 6)

Listings & Hosts

MetricAugust 2024July 2024DifferenceChange
Entire Homes
876
880
-4
-0.44%
Hosts
583
592
-9
-1.47%
Hotel Rooms
12
18
-7
-36.84%
Listings
1,006
1,007
-2
-0.19%
Private Rooms
113
103
10
+9.35%
Shared Rooms
5
6
-1
-16.67%
6 total (showing 1 - 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 September 2024 at 1:00 am.