Best Places in Victoria, Australia to Invest in Airbnbs, Short-Term Rentals in 2025

Last updated: March 31, 2025

Discover the most lucrative short-term rental markets in Victoria, Australia with AirROI's comprehensive investment guide. Whether you’re an experienced property investor or just starting your Airbnb journey, through detailed analysis of key metrics across premier global, our data-driven insights reveal where smart money is flowing in the short-term rental space. Using advanced market analytics and real performance data, we’ve identified investment hotspots that combine strong rental demand, favorable regulations, and optimal revenue potential.

Read on to explore the top-performing short-term rental markets that should be on every investor’s radar in 2025.

Top Short-Term Rental Cities in Victoria, Australia

Rank:#1Market:MelbourneCountry:AustraliaProperties:17,323Monthly Revenue:$2253.79Daily Rate:$206.20Occupancy:46.25%Regulation:Low
Rank:#2Market:CowesCountry:AustraliaProperties:711Monthly Revenue:$2132.63Daily Rate:$253.32Occupancy:33.11%Regulation:Low
Rank:#3Market:GeelongCountry:AustraliaProperties:508Monthly Revenue:$1839.35Daily Rate:$157.31Occupancy:44.18%Regulation:Low
Rank:#4Market:TorquayCountry:AustraliaProperties:484Monthly Revenue:$2499.62Daily Rate:$293.11Occupancy:37.17%Regulation:Low
Rank:#5Market:BrightCountry:AustraliaProperties:474Monthly Revenue:$3467.88Daily Rate:$294.34Occupancy:41.59%Regulation:Low
Rank:#6Market:DaylesfordCountry:AustraliaProperties:462Monthly Revenue:$3027.91Daily Rate:$297.26Occupancy:34.79%Regulation:Low
Rank:#7Market:BallaratCountry:AustraliaProperties:429Monthly Revenue:$1742.99Daily Rate:$143.48Occupancy:43.52%Regulation:Low
Rank:#8Market:Ocean GroveCountry:AustraliaProperties:414Monthly Revenue:$2398.03Daily Rate:$254.29Occupancy:36.71%Regulation:Low
Rank:#9Market:Apollo BayCountry:AustraliaProperties:412Monthly Revenue:$2510.86Daily Rate:$261.55Occupancy:37.36%Regulation:Low
Rank:#10Market:City of Greater GeelongCountry:AustraliaProperties:384Monthly Revenue:$2259.92Daily Rate:$271.85Occupancy:36.26%Regulation:Low
Rank:#11Market:Shire of Colac OtwayCountry:AustraliaProperties:372Monthly Revenue:$2947.89Daily Rate:$292.68Occupancy:37.89%Regulation:Low
Rank:#12Market:LorneCountry:AustraliaProperties:365Monthly Revenue:$2801.12Daily Rate:$395.21Occupancy:32.52%Regulation:Low
Rank:#13Market:Port FairyCountry:AustraliaProperties:339Monthly Revenue:$2199.30Daily Rate:$264.65Occupancy:33.51%Regulation:Low
Rank:#14Market:Shire of South GippslandCountry:AustraliaProperties:332Monthly Revenue:$2024.97Daily Rate:$216.98Occupancy:36.01%Regulation:Low
Rank:#15Market:InverlochCountry:AustraliaProperties:318Monthly Revenue:$1734.31Daily Rate:$246.98Occupancy:31.96%Regulation:Low
Rank:#16Market:BendigoCountry:AustraliaProperties:317Monthly Revenue:$2047.33Daily Rate:$158.02Occupancy:48.22%Regulation:Low
Rank:#17Market:Shire of HepburnCountry:AustraliaProperties:283Monthly Revenue:$3119.68Daily Rate:$298.86Occupancy:36.20%Regulation:Low
Rank:#18Market:WarrnamboolCountry:AustraliaProperties:263Monthly Revenue:$2281.50Daily Rate:$206.62Occupancy:42.83%Regulation:Low
Rank:#19Market:Surf Coast ShireCountry:AustraliaProperties:249Monthly Revenue:$2222.93Daily Rate:$338.71Occupancy:32.23%Regulation:Low
Rank:#20Market:AngleseaCountry:AustraliaProperties:215Monthly Revenue:$2277.63Daily Rate:$293.94Occupancy:32.83%Regulation:Low
Rank:#21Market:Shire of East GippslandCountry:AustraliaProperties:210Monthly Revenue:$1714.04Daily Rate:$213.17Occupancy:32.66%Regulation:Low
Rank:#22Market:Halls GapCountry:AustraliaProperties:184Monthly Revenue:$2668.70Daily Rate:$191.17Occupancy:45.17%Regulation:Low
Rank:#23Market:Lakes EntranceCountry:AustraliaProperties:182Monthly Revenue:$1885.05Daily Rate:$216.10Occupancy:34.50%Regulation:Low
Rank:#24Market:Cape WoolamaiCountry:AustraliaProperties:171Monthly Revenue:$1882.11Daily Rate:$239.33Occupancy:31.66%Regulation:Low
Rank:#25Market:MansfieldCountry:AustraliaProperties:150Monthly Revenue:$3008.98Daily Rate:$327.34Occupancy:34.81%Regulation:Low
Rank:#26Market:PortarlingtonCountry:AustraliaProperties:148Monthly Revenue:$1656.46Daily Rate:$240.22Occupancy:32.25%Regulation:Low
Rank:#27Market:Bass Coast ShireCountry:AustraliaProperties:144Monthly Revenue:$2168.40Daily Rate:$250.24Occupancy:33.83%Regulation:Low
Rank:#28Market:MilduraCountry:AustraliaProperties:131Monthly Revenue:$2060.11Daily Rate:$169.27Occupancy:46.46%Regulation:Low
Rank:#29Market:Dinner PlainCountry:AustraliaProperties:130Monthly Revenue:$2122.85Daily Rate:$509.85Occupancy:29.40%Regulation:Low
Rank:#30Market:VentnorCountry:AustraliaProperties:129Monthly Revenue:$2276.15Daily Rate:$249.19Occupancy:37.30%Regulation:Low

Our Methodology

At AirROI, we leverage advanced technology to process and analyze the world’s most comprehensive short-term rental dataset, helping investors make data-driven decisions.

Data Collection

  • Real-time data aggregation from tens of millions of listings globally
  • Comprehensive tracking of market-specific performance metrics
  • Local regulatory tracking

Data Processing

  • AI-powered analysis of booking patterns
  • Advanced machine learning for trend identification
  • Forward-looking market forecasting
  • Cross-market performance benchmarking

Key Metrics We Track

  • Occupancy rates and seasonal patterns
  • Revenue performance (ADR, RevPAR)
  • Market demand indicators
  • Investment metrics (ROI, operating costs)
  • Regulatory compliance requirements

Maximize Your Airbnb Income in this market

Access granular Airbnb data and short term rental analytics. Understand Airbnb occupancy rates, ADR trends, and revenue potential. Optimize your pricing strategy!

Discover Market Insights

All Markets in Victoria, Australia

Aireys InletAlpine ShireAngleseaApollo BayAraratBairnsdaleBallaratBass Coast ShireBaw Baw VillageBeechworthBellbraeBenallaBendigoBlackwoodBonnie DoonBorough of QueenscliffeBrightBundalongCape PatersonCape WoolamaiCastlemaineCity of Greater BendigoCity of Greater GeelongCity of LatrobeCity of WodongaCoronet BayCowesCreswickDaylesfordDeans MarshDinner PlainDrysdaleDunkeldEchucaEildonEuroaFalls CreekForrestGeelongGisborneGolden BeachGolden Plains ShireGoughs BayHalls GapHamiltonHarrietvilleHeathcoteHorshamHotham VillageInverlochJamiesonKynetonLakes EntranceLancefieldLoch SportLorneMaldonMallacootaMansfieldMaryboroughMarysvilleMelbourneMerrijigMetungMilduraMorwellMount BeautyMount BullerMyrtlefordNagambieNelsonNewhavenOcean GroveOmeoPaynesvillePorepunkahPort CampbellPort FairyPort WelshpoolPortarlingtonPortlandQueenscliffRhyllRural City of BenallaRural City of HorshamRural City of WangarattaRutherglenSaleSan RemoSandy PointSawmill SettlementSea LakeSheppartonShire of Baw BawShire of CampaspeShire of Colac OtwayShire of CorangamiteShire of East GippslandShire of GlenelgShire of HepburnShire of IndigoShire of Macedon RangesShire of MansfieldShire of MitchellShire of MoiraShire of MooraboolShire of Mount AlexanderShire of MoyneShire of MurrindindiShire of South GippslandShire of Southern GrampiansShire of StrathbogieShire of TowongShire of WellingtonSmiths BeachSt LeonardsSunset StripSurf BeachSurf Coast ShireSwan HillTerangTorquayTraralgonTrenthamVentnorWallanWandiligongWangarattaWarragulWarrnamboolWimbledon HeightsWodongaWonthaggiWoodendYackandandahYarrawonga