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 June 2025, based on how the local Melbourne market performed in May 2025.

May 2025 Summary

Nightly Rates decreased in May 2025 by -7.85% to $217.15, and hosts saw lower occupancy rates at 48.25% across 22,366 listings.

Hosts averaged $760.42 per week, yielding 1.29x the annualised average of $589.00 for long-term rentals in Melbourne.

Performance

MetricMay 2025April 2025DifferenceChange
Market Revenue
$72,842,631.16
$93,404,179.73
-$20,561,548.57
-22.01%
Monthly Revenue
$3,256.88
$4,079.06
-$822.18
-20.16%
Nightly Rate
$217.15
$235.66
-$18.51
-7.85%
Occupancy Rate
48.25%
55.67%
-7.42%
-13.33%
Weekly Revenue
$760.42
$951.49
-$191.07
-20.08%
Yearly Revenue
$39,629.66
$49,623.20
-$9,993.54
-20.14%
6 total (showing 1 - 6)

Listings & Hosts

MetricMay 2025April 2025DifferenceChange
Entire Homes
18,084
18,649
-565
-3.03%
Hosts
10,182
10,456
-274
-2.62%
Hotel Rooms
49
46
3
+6.25%
Listings
22,366
22,898
-533
-2.33%
Private Rooms
4,125
4,092
34
+0.83%
Shared Rooms
107
112
-5
-4.31%
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 June 2025 at 1:01 am.