Discover Melbourne's unique charm with short term rentals, perfect for exploring laneways, coffee culture, and sports.
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 pull in public data from Airbnb and translate it into actionable insights for hosts, free and open to the public.
If you have any questions or feedback, please get in touch with. We are always looking to improve our tools and appreciate your input.
Check back soon for our June report.
Beta
Nightly rates fell month-over-month in May by -4.00% to $288.86, and hosts saw lower occupancy at 66.67% across 20,519 listings.
There were 22 more Superhosts, accounting for 10.00% of all hosts.
Hosts averaged $1,348.00 per week, coming in at 2.81x the citywide average of $480.00 for long-term rentals.
| Metric | May | April | Difference | Change |
|---|---|---|---|---|
Accommodates | 5.3 | 5.4 | -0.1 | -2.00% |
Bedrooms | 2.3 | 2.3 | - | - |
Hosts | 9,675 | 9,305 | 370 | +4.00% |
Hosts (Superhosts) | 1,003 | 981 | 22 | +2.00% |
Listings | 20,519 | 19,717 | 802 | +4.00% |
Listings (Entire Homes) | 17,063 | 16,425 | 638 | +4.00% |
Listings (Hotel Rooms) | 78 | 67 | 11 | +16.00% |
Listings (Private Rooms) | 3,258 | 3,108 | 150 | +5.00% |
Listings (Shared Rooms) | 120 | 117 | 3 | +3.00% |
Nightly Rate | $288.86 | $301.67 | -$12.81 | -4.00% |
Occupancy Rate | 66.67% | 72.41% | -5.75% | -8.00% |
Revenue (Annual) | $70,290.00 | $79,735.00 | -$9,445.00 | -12.00% |
Revenue (Market) | $118,538,263.00 | $129,225,218.00 | -$10,686,955.00 | -8.00% |
Revenue (Monthly) | $5,777.00 | $6,554.00 | -$777.00 | -12.00% |
Revenue (Weekly) | $1,348.00 | $1,529.00 | -$181.00 | -12.00% |