Is it profitable to do Airbnb in Wellington, New Zealand?
What is the occupancy rate of Airbnb in Wellington, New Zealand?
What is the average daily rate of Airbnb in Wellington, New Zealand?
New Zealand
Wellington, Airbnb Market Statistics & Data, New Zealand
A typical short-term rental listing in Wellington is booked for 245 nights a year, with a median occupancy rate of 67% and an average daily rate of NZD169. In 2023, a typical host income (annual revenue) was NZD40K. As of 12th September, 2024, there are 1,489 active Airbnb listings.
Average Revenue: NZD40K/yr
Occupancy Rate
67%
Avg Daily Rate
NZD169
Mid Scale
No. of Listings
2,153
Medium
YoY Revenue Change
-17.05%
Best Month
February
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
NZD2,468
Average
NZD3,186
High
NZD4,317
Is Airbnb Profitable in Wellington?
Yes, there is good short-term rental demand. A 67% 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 Wellington
Short-term rental regulation is lenient in Wellington. 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 New Zealand, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Wellington
A typical listing recorded a 67% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 39.85% of the guests are international guests, and visitors from New zealand 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: 67%
1,489 Active Listings
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Explore Wellington's Airbnb Data ⟶
Best Areas in Wellington for Airbnb
Are you wondering where to invest in Wellington? Look no further!
- Te Papa Tongarewa (Museum of New Zealand)
- Wellington Cable Car
- Mount Victoria Lookout
- Weta Workshop
- Wellington Botanic Garden
- Zealandia Ecosanctuary
- Wellington Waterfront
- Matiu/Somes Island
- Cuba Street
- Old St Paul's
Top demand Airbnb in Wellington
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 1,489 listings.
See 1,489 listing Statistics
Professional Short-term rental property managers in Wellington
We've compiled a list of host profiles that manage the most Airbnb properties in Wellington. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Wellington
Here is a breakdown of short-let properties in Wellington. 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.
Property Size
Amenities
Property Type
Cancelation Policy Type
By Channel Type