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.

May 2024 Summary

Nightly Rates decreased in May 2024 by -3.26% to $293.78, and hosts saw lower occupancy rates at 60.31% across 14,105 listings.

Hosts averaged $1,312.61 per week, coming in at 2x the average of $650.00 for long-term rentals.

Performance

MetricMay 2024April 2024DifferenceChange
Market Revenue
$79,335,940.92
$101,651,655.13
-$22,315,714.21
-21.95%
Monthly Revenue
$5,624.64
$7,288.79
-$1,664.15
-22.83%
Nightly Rate
$293.78
$303.69
-$9.91
-3.26%
Occupancy Rate
60.31%
75.60%
-15.29%
-20.23%
Weekly Revenue
$1,312.61
$1,701.00
-$388.40
-22.83%
Yearly Revenue
$68,432.18
$88,678.80
-$20,246.62
-22.83%

Listings & Hosts

MetricMay 2024April 2024DifferenceChange
Entire Homes
11,197
11,015
182
+1.66%
Hosts
6,927
6,852
75
+1.09%
Hotel Rooms
86
91
-5
-5.21%
Listings
14,105
13,946
159
+1.14%
Private Rooms
2,743
2,759
-16
-0.58%
Shared Rooms
78
81
-3
-3.49%
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 May 2024 at 1:00 am.