How is Melbourne performing?
56
Okay
43
Investability
56
Rental Demand
25
Revenue Growth
72
Seasonality
34
Regulation
Annual Revenue
$16K
+3%
past year
Occupancy Rate
50%
+4%
past year
Average Daily Rate
$174.8
+3%
past year
Revenue per Available Rental (RevPAR)
$88.4
+6%
past year
Melbourne Performance Details
Total available listings
1,033
+3%
past year
Listings by rental channel
Airbnb (57%)
Vrbo (11%)
Both (32%)
Listings by rental size
1 Bedroom (43%)
2 Bedroom (20%)
3 Bedroom (22%)
4 Bedroom (12%)
5+ Bedroom (3%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (37%)
91-180 nights (26%)
181-270 nights (16%)
271-365 nights (20%)
Listings by rental type
Entire Home (78%)
Private Room (22%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (23.8%)
Moderate (53.5%)
Strict (21.6%)
Super Strict (1.1%)
Listings by Minimum Stay
1 Night (0.0%)
2 Nights (27.4%)
3 Nights (17.9%)
4-6 Nights (6.9%)
7-29 Nights (5.7%)
30+ Nights (42.1%)
What amenities do listings have?
Aircon
99%
Internet
98%
Wireless Internet
95%
Parking
94%
Kitchen
88%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
Timeshare - RoomPicks | 11 | -0.8% | 27 | 4.40 |
Evolve | 9 | -0.4% | 82 | 4.64 |
Vacasa | 5 | -0.5% | 23 | 4.69 |
RedAwning | 2 | 0.0% | 10 | 4.91 |
Turtle Reef | 2 | 1.0% | 8 | 5.00 |
Occupancy
Occupancy Rate
50%
+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
Revenue
Average revenue
$1,604,086
+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)
$50
+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
Revenue per available rental (RevPAR)
Revenue per available rental
$50
-7%
past year
Weekend revenue per available rental (RevPAR)
Register to see moreBest Month
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
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