Melbourne 2 Bedroom Airbnb Market Report
Updated: Oct 26
Discover how much your 2 Bedroom property in Melbourne could profit as a short-term rental home on Airbnb and other short-term rental platforms.
With Bourke Street Mall, Queen Victoria Market and the laneways all on the doorstep, the CBD draws visitors year-round. Two-bedroom apartments give friends, colleagues and small families space to stay together right in the city.
Looking for the full Melbourne market picture across all property sizes? See our Melbourne Short Term Market Report.
How much can a 2 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 2 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 - 2 Bedroom Market Report
Based on 254 comparable 2 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 | $50,600 |
Estimated Range (25th-75th percentile) | $38,700 - $61,600 |
Monthly Rental Revenue | $4,219 |
Average Daily Rate | $185 |
Adjusted Occupancy | 85.3% |
Revenue by Percentile (Annual)
Bottom 25% of listings | Median | Top 25% of listings | Top 10% of listings |
$38,706 | $50,629 | $61,594 | $72,881 |
Average Daily Rate by Percentile
Bottom 25% of listings | Median | Top 25% of listings | Top 10% of listings |
$157 | $185 | $220 | $263 |
Occupancy by Percentile
Bottom 25% of listings | Avg Monthly Occupancy | Top 25% of listings |
72.0% | 85.3% | 93.1% |
Monthly Rental Market Trends
Why Melbourne Works for a 2 Bedroom Airbnb Investment
Central to Melbourne's main shopping and dining precincts, with easy access to Southbank and the Yarra riverfront
Space for friends, colleagues or a small family travelling together
Free trams, Melbourne Central and Flinders Street stations close by
Plenty of comparable listings in the CBD, so strong presentation matters more here than in smaller markets
How to Maximise Earnings for a 2 Bedroom in Melbourne
Car space first - if one comes with the apartment, name it in the title, as it is one of the strongest points of difference in the CBD
Show off the building - if there is a pool, gym or rooftop, feature it in the first few photos
Flexible second bedroom - a king that splits into two singles lets the apartment suit friends and colleagues as well as couples and families
Plan around December, March and January - these are the peak months, so open the calendar early and price ahead of demand
Fill the softer months - May, June and August are the quietest, so longer stays from visiting professionals help keep the calendar full
Dive deeper into Airbnb property ownership in Melbourne
Understanding the potential returns of a 2 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.
