Is it profitable to do Airbnb in Melbourne, Australia?
What is the occupancy rate of Airbnb in Melbourne, Australia?
What is the average daily rate of Airbnb in Melbourne, Australia?
Australia / Melbourne
Melbourne, Airbnb Market Statistics & Data, Australia
A typical short-term rental listing in Melbourne is booked for 248 nights a year, with a median occupancy rate of 68% and an average daily rate of AU$197. In 2023, a typical host income (annual revenue) was AU$48K. As of 12th September, 2024, there are 21,166 active Airbnb listings.
Average Revenue: AU$48K/yr
Occupancy Rate
68%
Avg Daily Rate
AU$197
Mid Scale
No. of Listings
29,725
Big
YoY Revenue Change
-5.49%
Best Month
January
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
AU$3,270
Average
AU$3,909
High
AU$4,636
Is Airbnb Profitable in Melbourne?
Yes, there is good short-term rental demand. A 68% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Tip! investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rental investment typically is double the amount of traditional rentals.
Starting an Airbnb in Melbourne
Short-term rental regulation is lenient in Melbourne. Very few Airbnb listing currently have put their license number on their Airbnb listing. This likely means the local government is not strictly enforcing the short-term rental-related regulations.
We made a guide on things you need to know before starting an Airbnb in Australia, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Melbourne
A typical listing recorded a 68% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 9.9% of the guests are international guests, and visitors from Australia is the largest group. Learn more about guest origin!.
You can find the distribution graph of daily rate and revenue in our market dashboard.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 68%
21,166 Active Listings
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Explore Melbourne's Airbnb Data ⟶
Best Areas in Melbourne for Airbnb
Are you wondering where to invest in Melbourne? Look no further!
- Federation Square
- Royal Botanic Gardens Victoria
- Melbourne Cricket Ground (MCG)
- Southbank Promenade
- Queen Victoria Market
- Chinatown Melbourne
- St. Kilda Beach
- National Gallery of Victoria
- Royal Exhibition Building
- Yarra River
Top demand Airbnb in Melbourne
Airbtics has been tracking all Airbnb listings since 2019. This allows us to understand interesting metrics, like which properties earn the most in the market. Here are our top picks. Go to the app to find detailed information about 21,166 listings.
See 21,166 listing Statistics
Professional Short-term rental property managers in Melbourne
We've compiled a list of host profiles that manage the most Airbnb properties in Melbourne. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Melbourne
Here is a breakdown of short-let properties in Melbourne. You might wonder about more specific data before buying an Airbnb property. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
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Amenities
Property Type
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By Channel Type