Perth Market Report
Perth is a thriving city with a strong economy, stunning beaches, and a growing short-term rental market.
Perth City Profile
One of Perth's most striking features is its stunning coastline, which boasts pristine white sand beaches, crystal-clear waters and some of the best surfing spots in Australia. Its strong economy and thriving business community makes the city an attractive location for short-term rental owners.
Our Capital Markets reports aim to provide a transparent view of the short-term rental market in Perth 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 Perth market performed in December 2024.
December 2024 Summary
Nightly Rates increased in December 2024 by 5.94% to $246.05, and hosts saw lower occupancy rates at 82.02% across 4,444 listings.
Hosts averaged $1,463.91 per week, yielding 2.19x the annualised average of $669.00 for long-term rentals in Perth.
| Metric | December 2024 | November 2024 | Difference | Change |
|---|---|---|---|---|
Market Revenue | $27,882,468.89 | $26,775,452.83 | $1,107,016.07 | +4.13% |
Monthly Revenue | $6,274.43 | $6,387.34 | -$112.91 | -1.77% |
Nightly Rate | $246.05 | $232.25 | $13.80 | +5.94% |
Occupancy Rate | 82.02% | 88.46% | -6.43% | -7.27% |
Weekly Revenue | $1,463.91 | $1,489.96 | -$26.06 | -1.75% |
Yearly Revenue | $76,337.29 | $77,707.59 | -$1,370.30 | -1.76% |
Listings & Hosts
| Metric | December 2024 | November 2024 | Difference | Change |
|---|---|---|---|---|
Entire Homes | 3,312 | 3,123 | 189 | +6.06% |
Hosts | 2,247 | 2,121 | 126 | +5.96% |
Hotel Rooms | 18 | 23 | -5 | -20.83% |
Listings | 4,444 | 4,192 | 252 | +6.01% |
Private Rooms | 1,103 | 1,035 | 68 | +6.52% |
Shared Rooms | 11 | 11 | - | - |