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.

July 2024 Summary

Nightly Rates increased in July 2024 by 0.90% to $268.94, and hosts saw higher occupancy rates at 56.70% across 14,147 listings.

Hosts averaged $1,129.27 per week, yielding 1.47x the annualised average of $770.00 for long-term rentals in Sydney.

Long-Term Rent: CoreLogic (April 2024)

Performance

MetricJuly 2024June 2024DifferenceChange
Market Revenue
$68,487,257.11
$64,616,452.75
$3,870,804.36
+5.99%
Monthly Revenue
$4,841.24
$4,664.52
$176.72
+3.79%
Nightly Rate
$268.94
$266.53
$2.41
+0.90%
Occupancy Rate
56.70%
55.13%
1.57%
+2.86%
Weekly Revenue
$1,129.27
$1,088.64
$40.63
+3.73%
Yearly Revenue
$58,897.13
$56,748.20
$2,148.93
+3.79%

Listings & Hosts

MetricJuly 2024June 2024DifferenceChange
Entire Homes
11,201
10,930
271
+2.48%
Hosts
6,824
6,720
104
+1.55%
Hotel Rooms
84
85
-1
-1.11%
Listings
14,147
13,853
294
+2.12%
Private Rooms
2,794
2,756
39
+1.41%
Shared Rooms
67
82
-15
-18.39%
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.