South Melbourne 2 Bedroom Airbnb Market Report
Discover how much your 2 Bedroom property in South Melbourne could profit as a short-term rental home on Airbnb and other short-term rental platforms.
With Albert Park Lake, the South Melbourne Market and the CBD all close by, South Melbourne offers a quieter base near the city. Two-bedroom homes here suit friends, families and colleagues who want more space than a city apartment.
Looking for the full South Melbourne market picture across all property sizes? See our South Melbourne Short Term Market Report.
How much can a 2 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 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.
South Melbourne, 3205 - 2 Bedroom Market Report
Based on 228 comparable 2 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 | $45,600 |
Estimated Range (25th-75th percentile) | $33,500 - $58,700 |
Monthly Rental Revenue | $3,802 |
Average Daily Rate | $184 |
Adjusted Occupancy | 78.0% |
Revenue by Percentile (Annual)
Bottom 25% of listings | Median | Top 25% of listings | Top 10% of listings |
$33,472 | $45,628 | $58,680 | $72,165 |
Average Daily Rate by Percentile
Bottom 25% of listings | Median | Top 25% of listings | Top 10% of listings |
$153 | $184 | $232 | $285 |
Occupancy by Percentile
Bottom 25% of listings | Avg Monthly Occupancy | Top 25% of listings |
62.1% | 78.0% | 90.5% |
Monthly Rental Market Trends
Why South Melbourne Works for a 2 Bedroom Airbnb Investment
Walking distance to Albert Park Lake and the South Melbourne Market
A mix of heritage terraces and modern apartments across the suburb
Trams to the CBD, Southbank and St Kilda
Event demand from the Australian Grand Prix at Albert Park and the nearby convention centre
How to Maximise Earnings for a 2 Bedroom in South Melbourne
Car space up front - if the property has parking, lead the title with it
Flexible second room - a king that splits into two singles suits families, friends and colleagues alike
Price for major events - lift rates for the Grand Prix weekend at Albert Park and big conferences at the convention centre
Plan around the peak - December, January and March lead the year, so open dates early and set minimum stays to match
Stand out with photos - with around 230 comparable listings nearby, strong photography helps the listing get noticed
Dive deeper into Airbnb property ownership in South Melbourne
Understanding the potential returns of a 2 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.
