Capital Markets

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.

March 2024 Summary

Nightly Rates decreased in March 2024 by -0.37% to $216.09, and hosts saw higher occupancy rates at 90.00% across 3,835 listings.

Hosts averaged $1,440.18 per week, coming in at 3x the average of $520.00 for long-term rentals.

Performance

MetricMarch 2024February 2024DifferenceChange
Market Revenue
$23,674,908.97
$22,710,987.61
$963,921.36
+4.24%
Monthly Revenue
$6,173.68
$5,693.63
$480.06
+8.43%
Nightly Rate
$216.09
$216.90
-$0.81
-0.37%
Occupancy Rate
90.00%
82.69%
7.31%
+8.84%
Weekly Revenue
$1,440.18
$1,328.67
$111.51
+8.39%
Yearly Revenue
$75,117.11
$69,273.22
$5,843.88
+8.44%

Listings & Hosts

MetricMarch 2024February 2024DifferenceChange
Entire Homes
2,894
3,069
-176
-5.73%
Hosts
2,022
2,081
-59
-2.82%
Hotel Rooms
31
31
-
-
Listings
3,835
3,989
-154
-3.86%
Private Rooms
902
876
26
+2.91%
Shared Rooms
9
12
-4
-30.77%
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 March 2024 at 1:00 am.