Capital Markets

Sydney Market Report

Sydney is Australia's largest city, featuring iconic landmarks, stunning beaches, and adventures in the Blue Mountains.

Sydney City Profile

Australia's largest city, home to the famous Sydney Opera House, the Harbour Bridge and a population of 5 million people. The bustling city is a constant attraction for tourists from Australia and abroad, visiting for its stunning beaches, particularly Bondi Beach or the adventures in the Blue Mountains.

Our Capital Markets reports aim to provide a transparent view of the short-term rental market in Sydney 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 decreased in April 2024 by -2.01% to $303.69, and hosts saw lower occupancy rates at 75.60% across 13,946 listings.

Hosts averaged $1,701.00 per week, coming in at 3x the average of $650.00 for long-term rentals.

Long-Term Rent: PropTrack (May 2023)

Performance

MetricApril 2024March 2024DifferenceChange
Market Revenue
$101,651,655.13
$112,992,702.03
-$11,341,046.89
-10.04%
Monthly Revenue
$7,288.79
$8,014.54
-$725.76
-9.06%
Nightly Rate
$303.69
$309.91
-$6.22
-2.01%
Occupancy Rate
75.60%
81.47%
-5.87%
-7.20%
Weekly Revenue
$1,701.00
$1,870.16
-$169.15
-9.04%
Yearly Revenue
$88,678.80
$97,515.50
-$8,836.70
-9.06%

Listings & Hosts

MetricApril 2024March 2024DifferenceChange
Entire Homes
11,015
11,144
-129
-1.16%
Hosts
6,852
6,876
-24
-0.34%
Hotel Rooms
91
94
-3
-3.03%
Listings
13,946
14,098
-152
-1.08%
Private Rooms
2,759
2,780
-21
-0.75%
Shared Rooms
81
80
1
+1.18%
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 22 April 2024 at 8:29 pm.