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 December 2024, based on how the local Hobart market performed in November 2024.

November 2024 Summary

Nightly Rates increased in November 2024 by 5.67% to $251.29, and hosts saw higher occupancy rates at 72.38% across 1,116 listings.

Hosts averaged $1,319.16 per week, yielding 2.41x the annualised average of $547.00 for long-term rentals in Hobart.

Performance

MetricNovember 2024October 2024DifferenceChange
Market Revenue
$6,307,190.65
$5,059,732.81
$1,247,457.84
+24.65%
Monthly Revenue
$5,653.93
$4,664.81
$989.13
+21.20%
Nightly Rate
$251.29
$237.80
$13.49
+5.67%
Occupancy Rate
72.38%
63.10%
9.28%
+14.71%
Weekly Revenue
$1,319.16
$1,088.52
$230.64
+21.19%
Yearly Revenue
$68,790.99
$56,751.65
$12,039.34
+21.21%
6 total (showing 1 - 6)

Listings & Hosts

MetricNovember 2024October 2024DifferenceChange
Entire Homes
975
947
28
+2.96%
Hosts
606
586
20
+3.46%
Hotel Rooms
11
13
-2
-15.38%
Listings
1,116
1,085
31
+2.85%
Private Rooms
125
121
5
+4.00%
Shared Rooms
5
5
-
-
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 December 2024 at 1:00 am.