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.
April 2024 Summary
Nightly Rates increased in April 2024 by 4.01% to $224.76, and hosts saw lower occupancy rates at 87.98% across 3,978 listings.
Hosts averaged $1,464.75 per week, coming in at 3x the average of $520.00 for long-term rentals.
Metric | April 2024 | March 2024 | Difference | Change |
---|---|---|---|---|
Market Revenue | $24,975,256.97 | $23,674,908.97 | $1,300,347.99 | +5.49% |
Monthly Revenue | $6,277.63 | $6,173.68 | $103.95 | +1.68% |
Nightly Rate | $224.76 | $216.09 | $8.67 | +4.01% |
Occupancy Rate | 87.98% | 90.00% | -2.02% | -2.24% |
Weekly Revenue | $1,464.75 | $1,440.18 | $24.57 | +1.71% |
Yearly Revenue | $76,380.57 | $75,117.11 | $1,263.46 | +1.68% |
Listings & Hosts
Metric | April 2024 | March 2024 | Difference | Change |
---|---|---|---|---|
Entire Homes | 3,015 | 2,894 | 121 | +4.18% |
Hosts | 2,098 | 2,022 | 76 | +3.74% |
Hotel Rooms | 28 | 31 | -3 | -9.09% |
Listings | 3,978 | 3,835 | 144 | +3.75% |
Private Rooms | 919 | 902 | 18 | +1.99% |
Shared Rooms | 16 | 9 | 8 | +88.89% |