Capital Markets

Melbourne Market Report

Discover Melbourne's unique charm with short-term rentals, perfect for exploring laneways, coffee culture, and sports.

Melbourne City Profile

Melbourne is a vibrant, cosmopolitan city famous for its quirks and unique character. The city is known for its vibrant laneways, thriving coffee culture, sport and unpredictable weather. Short-term rental properties in Melbourne are particularly popular with tourists who are looking for affordable accomodation and having the opportunity to experience the city like a local.

Our Capital Markets reports aim to provide a transparent view of the short-term rental market in Melbourne 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 Melbourne market performed in January 2025.

January 2025 Summary

Nightly Rates increased in January 2025 by 3.35% to $278.83, and hosts saw higher occupancy rates at 65.37% across 24,610 listings.

Hosts averaged $1,322.05 per week, yielding 2.24x the annualised average of $589.00 for long-term rentals in Melbourne.

Long-Term Rent: CoreLogic (April 2024)

Performance

MetricJanuary 2025December 2024DifferenceChange
Market Revenue
$139,454,311.06
$116,519,444.31
$22,934,866.74
+19.68%
Monthly Revenue
$5,666.48
$4,699.55
$966.93
+20.57%
Nightly Rate
$278.83
$269.80
$9.03
+3.35%
Occupancy Rate
65.37%
56.03%
9.34%
+16.67%
Weekly Revenue
$1,322.05
$1,096.24
$225.81
+20.60%
Yearly Revenue
$68,942.50
$57,179.15
$11,763.35
+20.57%
6 total (showing 1 - 6)

Listings & Hosts

MetricJanuary 2025December 2024DifferenceChange
Entire Homes
20,228
20,468
-239
-1.17%
Hosts
10,987
10,964
22
+0.20%
Hotel Rooms
50
58
-8
-13.33%
Listings
24,610
24,794
-183
-0.74%
Private Rooms
4,235
4,117
119
+2.88%
Shared Rooms
97
152
-55
-36.31%
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 February 2025 at 1:00 am.