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.

July 2024 Summary

Nightly Rates increased in July 2024 by 0.01% to $209.93, and hosts saw lower occupancy rates at 72.45% across 4,132 listings.

Hosts averaged $1,126.44 per week, yielding 1.68x the annualised average of $669.00 for long-term rentals in Perth.

Long-Term Rent: CoreLogic (April 2024)

Performance

MetricJuly 2024June 2024DifferenceChange
Market Revenue
$19,947,095.78
$20,093,900.16
-$146,804.38
-0.73%
Monthly Revenue
$4,828.01
$5,078.43
-$250.42
-4.93%
Nightly Rate
$209.93
$209.90
$0.02
+0.01%
Occupancy Rate
72.45%
76.21%
-3.76%
-4.93%
Weekly Revenue
$1,126.44
$1,185.03
-$58.59
-4.94%
Yearly Revenue
$58,744.98
$61,785.99
-$3,041.01
-4.92%

Listings & Hosts

MetricJuly 2024June 2024DifferenceChange
Entire Homes
3,073
2,942
131
+4.47%
Hosts
2,133
2,037
95
+4.68%
Hotel Rooms
30
29
1
+3.23%
Listings
4,132
3,957
175
+4.42%
Private Rooms
1,011
970
42
+4.29%
Shared Rooms
17
16
1
+5.88%
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 July 2024 at 1:00 am.