Melbourne 1 Bedroom Airbnb Market Report
Discover how much your 1 Bedroom property in Melbourne could profit as a short-term rental home on Airbnb and other short-term rental platforms.
Melbourne's CBD is one of Australia's most visited city centres, known for its laneways, dining and tram network. One-bedroom apartments here suit couples and business travellers who want to be in the middle of it all.
Looking for the full Melbourne market picture across all property sizes? See our Melbourne Short Term Market Report.
How much can a 1 Bedroom property really earn as an Airbnb or short-term rental in Melbourne? At Staypilot, we specialise in Airbnb management in Melbourne and use real-time data on the local short-term rental market. This report focuses specifically on 1 Bedroom properties, giving owners and investors a precise read on the earning potential of this property size.
This short term market report is generated using our own database of managed properties, in combination with aggregate local market data from AirDNA and Airbtics data platforms. If you would like to receive an appraisal for a specific property, please contact us via our website.
Melbourne, 3000 - 1 Bedroom Market Report
Based on 278 comparable 1 Bedroom listings in Melbourne.
Revenue figures are gross, before platform fees, management fees and other running costs.
Key Details - Short Term Rental Market
Estimated Annual Revenue | $39,400 |
Estimated Range (25th-75th percentile) | $30,300 - $49,300 |
Monthly Rental Revenue | $3,286 |
Average Daily Rate | $140 |
Adjusted Occupancy | 87.4% |
Revenue by Percentile (Annual)
Bottom 25% of listings | Median | Top 25% of listings | Top 10% of listings |
$30,294 | $39,430 | $49,296 | $58,858 |
Average Daily Rate by Percentile
Bottom 25% of listings | Median | Top 25% of listings | Top 10% of listings |
$117 | $140 | $173 | $212 |
Occupancy by Percentile
Bottom 25% of listings | Avg Monthly Occupancy | Top 25% of listings |
75.0% | 87.4% | 95.8% |
Monthly Rental Market Trends
Why Melbourne Works for a 1 Bedroom Airbnb Investment
Prime CBD location - steps from Bourke Street Mall, Queen Victoria Market and Chinatown
Free Tram Zone coverage, so guests can explore the CBD without transport costs
Walking distance to Flinders Street and Southern Cross stations, handy for business and interstate visitors
A central base for couples and solo travellers on a city break or work trip
How to Maximise Earnings for a 1 Bedroom in Melbourne
Lead with parking - if the apartment includes a car space, put it in the listing title, as it sets a CBD one-bedroom apart
Set up for work trips - fast WiFi, a proper desk and self check-in make the apartment an easy pick for business visitors
Price for the strongest months - March, December and January are the busiest periods, so set rates and minimum stays to match
Make the view the hero - if the apartment has a city or skyline outlook, use it as the first photo
Price sharply - with around 280 comparable listings, guests compare closely and small rate differences decide bookings
Dive deeper into Airbnb property ownership in Melbourne
Understanding the potential returns of a 1 Bedroom short stay property in Melbourne requires careful consideration of many factors. A Staypilot local Airbnb manager can consult you on additional cost factors such as platform fees (i.e. Airbnb fees), cleaning costs and management fees. Contact us today and we can provide a detailed explanation of the operational complexity involved in running an Airbnb property, as well as how we can take the hassle out of short term property management with our fully comprehensive service.
About Staypilot
Staypilot provides comprehensive short-term rental management services to homeowners in Melbourne, Geelong, the Bellarine Peninsula and the Mornington Peninsula. Our platform blends extensive experience with a personal approach, delighting owners and guests alike. By listing your home with Staypilot, you can enjoy the exceptional returns of the short stay market without the hassle.
