How is Melbourne performing?
59
Okay
45
Investability
54
Rental Demand
25
Revenue Growth
72
Seasonality
37
Regulation
Annual Revenue
$16.5K
+3%
past year
Occupancy Rate
50%
+4%
past year
Average Daily Rate
$177.9
+3%
past year
Revenue per Available Rental (RevPAR)
$88.6
+6%
past year
Melbourne Performance Details
Total available listings
1,015
+3%
past year
Listings by rental channel
Airbnb (57%)
Vrbo (10%)
Both (33%)
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 (35%)
91-180 nights (27%)
181-270 nights (16%)
271-365 nights (21%)
Listings by rental type
Entire Home (77%)
Private Room (22%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (23.9%)
Moderate (52.7%)
Strict (22.2%)
Super Strict (1.2%)
Listings by Minimum Stay
1 Night (0.0%)
2 Nights (27.2%)
3 Nights (18.8%)
4-6 Nights (6.6%)
7-29 Nights (5.5%)
30+ Nights (41.9%)
What amenities do listings have?
Aircon
99%
Internet
98%
Wireless Internet
95%
Parking
94%
Kitchen
87%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
Timeshare - RoomPicks | 11 | -0.8% | 27 | 4.40 |
Evolve | 8 | -0.5% | 80 | 4.63 |
Vacasa | 5 | 0.3% | 22 | 4.68 |
Turtle Reef | 2 | 1.0% | 6 | 5.00 |
RedAwning | 2 | 0.0% | 10 | 4.91 |
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
$1,652,424
+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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