Southbank 2 Bedroom Airbnb Market Report
Discover how much your 2 Bedroom property in Southbank could profit as a short-term rental home on Airbnb and other short-term rental platforms.
Southbank combines a riverside setting with easy access to the CBD, Crown and the Melbourne Convention and Exhibition Centre. Two-bedroom apartments work well for colleagues attending conferences and for friends or small families sharing a stay.
Looking for the full Southbank market picture across all property sizes? See our Southbank Short Term Market Report.
How much can a 2 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 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.
Southbank, 3006 - 2 Bedroom Market Report
Based on 239 comparable 2 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 | $49,000 |
Estimated Range (25th-75th percentile) | $37,200 - $61,600 |
Monthly Rental Revenue | $4,080 |
Average Daily Rate | $199 |
Adjusted Occupancy | 80.2% |
Revenue by Percentile (Annual)
Bottom 25% of listings | Median | Top 25% of listings | Top 10% of listings |
$37,183 | $48,962 | $61,609 | $73,937 |
Average Daily Rate by Percentile
Bottom 25% of listings | Median | Top 25% of listings | Top 10% of listings |
$167 | $199 | $238 | $289 |
Occupancy by Percentile
Bottom 25% of listings | Avg Monthly Occupancy | Top 25% of listings |
66.5% | 80.2% | 90.5% |
Monthly Rental Market Trends
Why Southbank Works for a 2 Bedroom Airbnb Investment
Close to the Melbourne Convention and Exhibition Centre, with demand from conferences and trade events
Room for two couples or a small family, a short walk from the Southbank Promenade's restaurants and bars
Arts Centre Melbourne and the National Gallery of Victoria nearby for theatre, exhibitions and events
An easy walk across the river to the CBD and Flinders Street Station
How to Maximise Earnings for a 2 Bedroom in Southbank
Parking in the title - if the apartment has a car space, name it up front for guests travelling together
Pool, gym or rooftop - if the building has them, they belong in the first few photos
Two ways to sleep - a king that splits into two singles in the second room suits colleagues at a conference or friends sharing
Get ahead of the busy months - January, December and March lead the year, so open dates and set pricing well ahead
Price for events - lift rates around major conferences at the Melbourne Convention and Exhibition Centre and big arts precinct events
Dive deeper into Airbnb property ownership in Southbank
Understanding the potential returns of a 2 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.
