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.
This report offers insight into the market conditions for December 2024, based on how the local Sydney market performed in November 2024.
November 2024 Summary
Nightly Rates increased in November 2024 by 4.71% to $304.74, and hosts saw higher occupancy rates at 78.41% across 15,409 listings.
Hosts averaged $1,733.14 per week, yielding 2.25x the annualised average of $770.00 for long-term rentals in Sydney.
| Metric | November 2024 | October 2024 | Difference | Change |
|---|---|---|---|---|
Market Revenue | $114,467,726.56 | $97,772,098.98 | $16,695,627.58 | +17.08% |
Monthly Revenue | $7,428.57 | $6,548.49 | $880.08 | +13.44% |
Nightly Rate | $304.74 | $291.03 | $13.71 | +4.71% |
Occupancy Rate | 78.41% | 72.38% | 6.03% | +8.33% |
Weekly Revenue | $1,733.14 | $1,527.60 | $205.54 | +13.46% |
Yearly Revenue | $90,375.15 | $79,669.44 | $10,705.71 | +13.44% |
Listings & Hosts
| Metric | November 2024 | October 2024 | Difference | Change |
|---|---|---|---|---|
Entire Homes | 12,374 | 11,987 | 387 | +3.23% |
Hosts | 7,132 | 6,937 | 195 | +2.81% |
Hotel Rooms | 86 | 85 | 1 | +1.14% |
Listings | 15,409 | 14,930 | 479 | +3.21% |
Private Rooms | 2,886 | 2,794 | 93 | +3.32% |
Shared Rooms | 63 | 65 | -2 | -2.99% |