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.

This report offers insight into the market conditions for September 2024, based on how the local Perth market performed in August 2024.

August 2024 Summary

Nightly Rates increased in August 2024 by 7.32% to $225.48, and hosts saw higher occupancy rates at 77.82% across 4,074 listings.

Hosts averaged $1,272.84 per week, yielding 1.90x the annualised average of $669.00 for long-term rentals in Perth.

Long-Term Rent: CoreLogic (April 2024)

Performance

MetricAugust 2024July 2024DifferenceChange
Market Revenue
$22,225,515.41
$20,332,217.65
$1,893,297.76
+9.31%
Monthly Revenue
$5,455.14
$4,902.20
$552.94
+11.28%
Nightly Rate
$225.48
$210.11
$15.37
+7.32%
Occupancy Rate
77.82%
75.06%
2.77%
+3.69%
Weekly Revenue
$1,272.84
$1,143.52
$129.31
+11.31%
Yearly Revenue
$66,372.70
$59,648.58
$6,724.12
+11.27%
6 total (showing 1 - 6)

Listings & Hosts

MetricAugust 2024July 2024DifferenceChange
Entire Homes
3,009
3,073
-64
-2.07%
Hosts
2,042
2,129
-87
-4.08%
Hotel Rooms
30
31
-1
-3.12%
Listings
4,074
4,148
-73
-1.77%
Private Rooms
1,022
1,028
-6
-0.56%
Shared Rooms
14
16
-3
-17.65%
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 September 2024 at 1:00 am.