Melbourne | 360 Lease

Melbourne with 360 Lease

Maximise Your Short-Term Rental Income in Melbourne with 360 Lease

Melbourne’s Short-Term Rental Market in 2024

Melbourne is one of Australia’s most visited cities, attracting millions of tourists and business travellers every year. With a thriving events calendar, world-class dining, and vibrant cultural precincts, the demand for short-term rental accommodation continues to grow.

Melbourne’s Tourism & Rental Demand in 2024

Visitor Numbers

Melbourne welcomed 10.5 million domestic overnight visitors and 2.6 million international visitors in the last year, contributing billions to the local economy.

Listing and Revenue

As of 2024, Melbourne boasts approximately 23,598 active short-term rental listings and Hosts in Melbourne earn an average annual revenue of AUD 51,491, making it a lucrative market for short-term rentals.

Occupancy Rates

The city’s short-term rentals enjoy an average occupancy rate of 75-85%, with even higher demand during major events.

Average Nightly Rates

The typical Airbnb listing in Melbourne earns around $220-$300 per night, depending on location and season.

Major Demand Drivers

Business travellers and corporate stays Sporting events (AFL Grand Final, Australian Open, Formula 1 Grand Prix) Festivals (Melbourne International Comedy Festival, White Night) Seasonal tourism (spring racing season, summer beach escapes)

Top Suburbs 360 Lease Manage in Melbourne

We manage properties in the Melbourn CBD and Docklands.

Melbourne with 360 Lease

Why Melbourne is a Prime Short-Stay Destination

Melbourne’s diverse neighbourhoods cater to all kinds of visitors, from cultural enthusiasts to beach lovers. Some of the city’s top attractions include: