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Melbourne VIC
Airbnb Market Data & Overview
Australia

Is it profitable to do Airbnb in Melbourne VIC, Australia?

What is the occupancy rate of Airbnb in Melbourne VIC, Australia?

What is the average daily rate of Airbnb in Melbourne VIC, Australia?

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Melbourne VIC, Australia Airbnb Data

Last updated on: 15th May, 2024

Australia / Melbourne VIC
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 rentals typically is double the amount of traditional rentals.
The true profit from home investing comes from capital appreciation and cash flow from your rental. Between 1850 and 2015, globally, the average home value appreciated at 5.5% annually. If your short-term rental yields 3% of your total initial investment, your investment's annual return is 8.5% before taxes are considered.
Without further ado, let's see if Melbourne VIC is good for Airbnb.
Best Airbnb Markets in Australia ⟶
Occupancy Rate

72%

$121

Daily Rate

$33K+

Revenue (2023)

5.4%

Net Yield

24,740

Number of Listings
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Is Airbnb Profitable in Melbourne VIC ?

Maybe, it's profitable to Airbnb because the average net rental yield for a one-bedroom property is 5.4%.
The national median net short-term rental yield is 5.4% in the Australia. For more context, a traditional rental can typically yield 2-4% if you don't have to pay a mortgage interest. A typical 1 bedroom listing in Melbourne VIC is booked for 307 nights a year, with a median occupancy rate of 84% and an average daily rate of $101. In Melbourne VIC, A typical host income (annual revenue) was $31,695 in 2023.

Best Areas in Melbourne VIC for Airbnb

Are you wondering where to invest in Melbourne VIC? Look no further! Here are 10 areas travelers often search for. You can find the short-term rental statistics of all of these neighborhoods from Airbtics! Check out which neighborhood has the highest rental demand. 🚀
  1. Federation Square
  2. Royal Botanic Gardens Victoria
  3. Melbourne Cricket Ground (MCG)
  4. Southbank Promenade
  5. Queen Victoria Market
  6. Chinatown Melbourne
  7. St. Kilda Beach
  8. National Gallery of Victoria
  9. Royal Exhibition Building
  10. Yarra River
Okay, you might wonder about more specific data. For example, how much can an average listing with 2 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month?
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Explore Melbourne VIC's Airbnb Data ⟶
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