Southbank 1 Bedroom Airbnb Market Report
Discover how much your 1 Bedroom property in Southbank could profit as a short-term rental home on Airbnb and other short-term rental platforms.
Southbank sits directly across the Yarra River from the CBD, with the Southbank Promenade and Arts Centre Melbourne on its doorstep. One-bedroom apartments here suit couples and solo travellers looking for a riverside city break.
Looking for the full Southbank market picture across all property sizes? See our Southbank Short Term Market Report.
How much can a 1 Bedroom property really earn as an Airbnb or short-term rental in Southbank? At Staypilot, we specialise in Airbnb management in Southbank 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.
Southbank, 3006 - 1 Bedroom Market Report
Based on 239 comparable 1 Bedroom listings in Southbank.
Revenue figures are gross, before platform fees, management fees and other running costs.
Key Details - Short Term Rental Market
Estimated Annual Revenue | $39,100 |
Estimated Range (25th-75th percentile) | $30,100 - $47,800 |
Monthly Rental Revenue | $3,255 |
Average Daily Rate | $145 |
Adjusted Occupancy | 85.6% |
Revenue by Percentile (Annual)
Bottom 25% of listings | Median | Top 25% of listings | Top 10% of listings |
$30,058 | $39,064 | $47,822 | $58,238 |
Average Daily Rate by Percentile
Bottom 25% of listings | Median | Top 25% of listings | Top 10% of listings |
$123 | $145 | $176 | $221 |
Occupancy by Percentile
Bottom 25% of listings | Avg Monthly Occupancy | Top 25% of listings |
69.7% | 85.6% | 95.6% |
Monthly Rental Market Trends
Why Southbank Works for a 1 Bedroom Airbnb Investment
Riverside position directly across from the CBD, with Flinders Street Station a short walk over the Yarra
Walking distance to Arts Centre Melbourne, the National Gallery of Victoria and Crown
The Melbourne Convention and Exhibition Centre is nearby, bringing business travellers through the year
A good fit for couples and solo travellers wanting a city break with river or skyline outlooks
How to Maximise Earnings for a 1 Bedroom in Southbank
Name the car space - if the apartment includes parking, say so in the title, as it helps a Southbank one-bedroom stand out
Lead with the river view - if the apartment looks over the Yarra or the city skyline, make it the cover photo
Built for couples - quality bedding, a good coffee setup and a quiet feel suit couples on a city break
Time rates to the peaks - March, December and January are the strongest months, so set rates and minimum stays early
Keep winter moving - June, May and August are quieter, so longer stays from conference visitors and professionals help fill the calendar
Dive deeper into Airbnb property ownership in Southbank
Understanding the potential returns of a 1 Bedroom short stay property in Southbank 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.
