How is Melbourne performing?
79
Good
82
Rental Demand
69
Revenue Growth
91
Seasonality
59
Regulation
Annual Revenue
$17K
+3%
past year
Occupancy Rate
55%
+4%
past year
Average Daily Rate
$180.9
+3%
past year
Revenue per Available Rental (RevPAR)
$91
+6%
past year
Melbourne Performance Details
Total available listings
34,730
+3%
past year
Listings by rental channel
Airbnb (70%)
Vrbo (3%)
Both (27%)
Listings by rental size
1 Bedroom (43%)
2 Bedroom (30%)
3 Bedroom (15%)
4 Bedroom (9%)
5+ Bedroom (4%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (18%)
91-180 nights (15%)
181-270 nights (13%)
271-365 nights (53%)
Listings by rental type
Entire Home (80%)
Private Room (19%)
Shared Room (1%)
Listings by Cancellation Policy
Flexible (33.2%)
Moderate (42.9%)
Strict (19.8%)
Super Strict (4.1%)
Listings by Minimum Stay
1 Night (0.4%)
2 Nights (34.4%)
3 Nights (16.2%)
4-6 Nights (10.3%)
7-29 Nights (7.2%)
30+ Nights (31.5%)
What amenities do listings have?
Kitchen
94%
Internet
94%
Wireless Internet
93%
Washer
90%
Aircon
89%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
Flexi Stayz | 316 | -0.0% | 1848 | 4.34 |
Property Mums | 168 | 0.3% | 4508 | 4.84 |
Jellis Craig Short Stays | 166 | -0.1% | 753 | 4.77 |
Advante Homes | 144 | -0.2% | 3286 | 4.32 |
MadeComfy | 143 | -0.5% | 2942 | 4.48 |
Excellent
4.8(687 reviews)
“Gave me the visibility to make researched decisions on properties. The amount of data I was able to retrieve allowed me to make more educational decisions. Would recommend to anyone looking into STR.”
Melbourne Occupancy Data
Occupancy Rate
55%
+5%
past year
Booking lead time
Register to see moreLength of stay
Register to see moreWhat percentage of the month was occupied?
Average monthly occupancy over the last 5 years
+3%
past year
2023
2022
2021
2020
2019
2018
Melbourne STR Revenue Data
Average revenue
$1,695,185
+5%
past year
Entire place
Register to see moreHouse
Register to see moreApartment
Register to see moreHow much revenue did listings earn per month?
Average revenue over the last 5 years
+3%
past year
2023
2022
2021
2020
2019
2018
Rates
Revenue per available rental (RevPAR)
$55
+5%
past year
Revenue per available rental
Register to see moreRevenue per available rental (RevPAR) over the last 5 years
Register to see moreWhat was the average daily rate?
Average daily rate over the last 5 years
-3%
past year
2023
2022
2021
2020
2019
2018
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