Melbourne 3 Bedroom Airbnb Market Report
Discover how much your 3 Bedroom property in Melbourne could profit as a short-term rental home on Airbnb and other short-term rental platforms.
Melbourne's CBD puts guests within walking distance of the city's shopping, dining and major event venues. Three-bedroom apartments here suit families and small groups who want a central base for a city stay.
Looking for the full Melbourne market picture across all property sizes? See our Melbourne Short Term Market Report.
How much can a 3 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 3 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 - 3 Bedroom Market Report
Based on 286 comparable 3 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 | $84,600 |
Estimated Range (25th-75th percentile) | $60,700 - $123,800 |
Monthly Rental Revenue | $7,048 |
Average Daily Rate | $371 |
Adjusted Occupancy | 77.8% |
Revenue by Percentile (Annual)
Bottom 25% of listings | Median | Top 25% of listings | Top 10% of listings |
$60,740 | $84,574 | $123,795 | $152,318 |
Average Daily Rate by Percentile
Bottom 25% of listings | Median | Top 25% of listings | Top 10% of listings |
$287 | $371 | $458 | $571 |
Occupancy by Percentile
Bottom 25% of listings | Avg Monthly Occupancy | Top 25% of listings |
60.3% | 77.8% | 93.1% |
Monthly Rental Market Trends
Why Melbourne Works for a 3 Bedroom Airbnb Investment
Walking distance to Bourke Street Mall, Queen Victoria Market and the CBD laneways
Suits families and small groups who want to stay together, right in the middle of the city
Free Tram Zone coverage, so guests can get around the CBD without a car
Event demand from nearby venues including Marvel Stadium, the MCG and the Melbourne Convention and Exhibition Centre
How to Maximise Earnings for a 3 Bedroom in Melbourne
Parking up front - for a three-bedroom, a car space matters to families driving into the city, so lead the title with it if the apartment has one
Price for the summer peak - December and January are the busiest months for larger CBD apartments, so lift rates and lengthen minimum stays
Plan for the quieter months - May, June and August are softest, and longer stays from relocating professionals or visiting families can fill the gaps
Family-ready setup - a cot, high chair and a well-stocked kitchen make the apartment a natural fit for families
Bedding that flexes - a king that splits into two singles lets one room work for children, friends or colleagues
Dive deeper into Airbnb property ownership in Melbourne
Understanding the potential returns of a 3 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.
