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 January 2025, based on how the local Melbourne market performed in December 2024.

December 2024 Summary

Nightly Rates increased in December 2024 by 6.25% to $269.80, and hosts saw lower occupancy rates at 56.03% across 24,794 listings.

Hosts averaged $1,096.24 per week, yielding 1.86x the annualised average of $589.00 for long-term rentals in Melbourne.

Long-Term Rent: CoreLogic (April 2024)

Performance

MetricDecember 2024November 2024DifferenceChange
Market Revenue
$116,519,444.31
$112,270,034.63
$4,249,409.69
+3.78%
Monthly Revenue
$4,699.55
$4,797.01
-$97.46
-2.03%
Nightly Rate
$269.80
$253.94
$15.86
+6.25%
Occupancy Rate
56.03%
60.76%
-4.73%
-7.78%
Weekly Revenue
$1,096.24
$1,119.40
-$23.16
-2.07%
Yearly Revenue
$57,179.15
$58,358.38
-$1,179.23
-2.02%
6 total (showing 1 - 6)

Listings & Hosts

MetricDecember 2024November 2024DifferenceChange
Entire Homes
20,468
19,271
1,197
+6.21%
Hosts
10,964
10,278
686
+6.68%
Hotel Rooms
58
61
-3
-4.76%
Listings
24,794
23,404
1,390
+5.94%
Private Rooms
4,117
3,924
193
+4.92%
Shared Rooms
152
149
3
+1.95%
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 January 2025 at 1:00 am.