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 December 2024, based on how the local Perth market performed in November 2024.
November 2024 Summary
Nightly Rates increased in November 2024 by 6.07% to $232.25, and hosts saw higher occupancy rates at 88.46% across 4,192 listings.
Hosts averaged $1,489.96 per week, yielding 2.23x the annualised average of $669.00 for long-term rentals in Perth.
| Metric | November 2024 | October 2024 | Difference | Change |
|---|---|---|---|---|
Market Revenue | $26,775,452.83 | $24,336,884.65 | $2,438,568.18 | +10.02% |
Monthly Revenue | $6,387.34 | $5,839.22 | $548.12 | +9.39% |
Nightly Rate | $232.25 | $218.97 | $13.28 | +6.07% |
Occupancy Rate | 88.46% | 85.78% | 2.68% | +3.12% |
Weekly Revenue | $1,489.96 | $1,362.58 | $127.38 | +9.35% |
Yearly Revenue | $77,707.59 | $71,043.30 | $6,664.29 | +9.38% |
Listings & Hosts
| Metric | November 2024 | October 2024 | Difference | Change |
|---|---|---|---|---|
Entire Homes | 3,123 | 3,111 | 12 | +0.37% |
Hosts | 2,121 | 2,104 | 17 | +0.83% |
Hotel Rooms | 23 | 29 | -6 | -20.00% |
Listings | 4,192 | 4,168 | 24 | +0.58% |
Private Rooms | 1,035 | 1,016 | 19 | +1.90% |
Shared Rooms | 11 | 12 | -1 | -8.33% |