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 February 2025, based on how the local Hobart market performed in January 2025.
January 2025 Summary
Nightly Rates increased in January 2025 by 5.36% to $289.00, and hosts saw higher occupancy rates at 84.05% across 1,155 listings.
Hosts averaged $1,762.09 per week, yielding 3.22x the annualised average of $547.00 for long-term rentals in Hobart.
| Metric | January 2025 | December 2024 | Difference | Change |
|---|---|---|---|---|
Market Revenue | $8,722,342.24 | $7,309,909.52 | $1,412,432.73 | +19.32% |
Monthly Revenue | $7,551.13 | $6,370.93 | $1,180.20 | +18.52% |
Nightly Rate | $289.00 | $274.30 | $14.69 | +5.36% |
Occupancy Rate | 84.05% | 74.71% | 9.34% | +12.50% |
Weekly Revenue | $1,762.09 | $1,486.10 | $275.99 | +18.57% |
Yearly Revenue | $91,872.83 | $77,513.63 | $14,359.20 | +18.52% |
Listings & Hosts
| Metric | January 2025 | December 2024 | Difference | Change |
|---|---|---|---|---|
Entire Homes | 1,017 | 1,011 | 6 | +0.57% |
Hosts | 646 | 646 | - | - |
Hotel Rooms | 10 | 13 | -3 | -23.08% |
Listings | 1,155 | 1,147 | 8 | +0.67% |
Private Rooms | 124 | 119 | 5 | +4.07% |
Shared Rooms | 5 | 5 | - | - |