South Melbourne 1 Bedroom Airbnb Market Report
Discover how much your 1 Bedroom property in South Melbourne could profit as a short-term rental home on Airbnb and other short-term rental platforms.
South Melbourne sits just south of the CBD, built around the South Melbourne Market and the cafes of Clarendon Street. One-bedroom apartments here suit couples and business travellers who want a short tram ride to the city with a neighbourhood feel.
Looking for the full South Melbourne market picture across all property sizes? See our South Melbourne Short Term Market Report.
How much can a 1 Bedroom property really earn as an Airbnb or short-term rental in South Melbourne? At Staypilot, we specialise in Airbnb management in South 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.
South Melbourne, 3205 - 1 Bedroom Market Report
Based on 241 comparable 1 Bedroom listings in South Melbourne.
Revenue figures are gross, before platform fees, management fees and other running costs.
Key Details - Short Term Rental Market
Estimated Annual Revenue | $39,200 |
Estimated Range (25th-75th percentile) | $30,200 - $48,100 |
Monthly Rental Revenue | $3,265 |
Average Daily Rate | $142 |
Adjusted Occupancy | 86.5% |
Revenue by Percentile (Annual)
Bottom 25% of listings | Median | Top 25% of listings | Top 10% of listings |
$30,172 | $39,175 | $48,092 | $57,511 |
Average Daily Rate by Percentile
Bottom 25% of listings | Median | Top 25% of listings | Top 10% of listings |
$121 | $142 | $172 | $213 |
Occupancy by Percentile
Bottom 25% of listings | Avg Monthly Occupancy | Top 25% of listings |
71.5% | 86.5% | 96.0% |
Monthly Rental Market Trends
Why South Melbourne Works for a 1 Bedroom Airbnb Investment
Home to the South Melbourne Market, a major drawcard for food-focused visitors
Clarendon Street cafes, restaurants and heritage streetscapes on the doorstep
A short tram ride to the CBD, Southbank and the Melbourne Convention and Exhibition Centre
Albert Park Lake nearby for walks and runs, and home to the Australian Grand Prix
How to Maximise Earnings for a 1 Bedroom in South Melbourne
Parking as a selling point - if the apartment has off-street parking, put it in the title, as it widens the appeal beyond tram users
Work-ready setup - a desk, fast WiFi and self check-in suit business visitors heading into the CBD or the convention centre
Use the market in the title - naming the South Melbourne Market or Clarendon Street helps guests searching for the area find the listing
Price ahead of the busy months - March, December and January are the strongest, with the Grand Prix adding demand in March
Fill the quieter months - June, May and August are softer, and longer stays from professionals on project work help fill the gaps
Dive deeper into Airbnb property ownership in South Melbourne
Understanding the potential returns of a 1 Bedroom short stay property in South 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.
