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

Last updated: January 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 2024.

Top Short-Term Rental Cities in Victoria, Australia

Rank:#1Market:MelbourneCountry:AustraliaProperties:17,588Monthly Revenue:$2213.76Daily Rate:$198.50Occupancy:46.78%Regulation:Low
Rank:#2Market:CowesCountry:AustraliaProperties:721Monthly Revenue:$2032.97Daily Rate:$244.27Occupancy:32.86%Regulation:Low
Rank:#3Market:GeelongCountry:AustraliaProperties:521Monthly Revenue:$1845.54Daily Rate:$150.46Occupancy:43.80%Regulation:Low
Rank:#4Market:TorquayCountry:AustraliaProperties:501Monthly Revenue:$2424.51Daily Rate:$280.41Occupancy:36.94%Regulation:Low
Rank:#5Market:BrightCountry:AustraliaProperties:477Monthly Revenue:$3354.73Daily Rate:$284.83Occupancy:41.75%Regulation:Low
Rank:#6Market:DaylesfordCountry:AustraliaProperties:466Monthly Revenue:$3095.03Daily Rate:$291.19Occupancy:35.32%Regulation:Low
Rank:#7Market:BallaratCountry:AustraliaProperties:438Monthly Revenue:$1767.89Daily Rate:$137.35Occupancy:44.20%Regulation:Low
Rank:#8Market:Ocean GroveCountry:AustraliaProperties:423Monthly Revenue:$2285.35Daily Rate:$243.40Occupancy:36.86%Regulation:Low
Rank:#9Market:Apollo BayCountry:AustraliaProperties:416Monthly Revenue:$2488.72Daily Rate:$253.46Occupancy:37.98%Regulation:Low
Rank:#10Market:City of Greater GeelongCountry:AustraliaProperties:390Monthly Revenue:$2230.19Daily Rate:$269.99Occupancy:36.27%Regulation:Low
Rank:#11Market:LorneCountry:AustraliaProperties:380Monthly Revenue:$2777.88Daily Rate:$390.26Occupancy:32.37%Regulation:Low
Rank:#12Market:Shire of Colac OtwayCountry:AustraliaProperties:378Monthly Revenue:$2921.97Daily Rate:$285.07Occupancy:38.00%Regulation:Low
Rank:#13Market:Port FairyCountry:AustraliaProperties:343Monthly Revenue:$2128.29Daily Rate:$253.30Occupancy:33.38%Regulation:Low
Rank:#14Market:Shire of South GippslandCountry:AustraliaProperties:339Monthly Revenue:$1964.58Daily Rate:$211.63Occupancy:36.01%Regulation:Low
Rank:#15Market:InverlochCountry:AustraliaProperties:335Monthly Revenue:$1652.16Daily Rate:$244.61Occupancy:31.19%Regulation:Low
Rank:#16Market:BendigoCountry:AustraliaProperties:312Monthly Revenue:$2066.10Daily Rate:$148.04Occupancy:49.35%Regulation:Low
Rank:#17Market:Shire of HepburnCountry:AustraliaProperties:292Monthly Revenue:$3114.22Daily Rate:$291.22Occupancy:36.61%Regulation:Low
Rank:#18Market:WarrnamboolCountry:AustraliaProperties:273Monthly Revenue:$2242.21Daily Rate:$194.38Occupancy:42.91%Regulation:Low
Rank:#19Market:Surf Coast ShireCountry:AustraliaProperties:251Monthly Revenue:$2267.90Daily Rate:$336.80Occupancy:32.65%Regulation:Low
Rank:#20Market:Shire of East GippslandCountry:AustraliaProperties:232Monthly Revenue:$1575.56Daily Rate:$203.69Occupancy:31.09%Regulation:Low
Rank:#21Market:AngleseaCountry:AustraliaProperties:220Monthly Revenue:$2176.53Daily Rate:$288.04Occupancy:32.76%Regulation:Low
Rank:#22Market:Halls GapCountry:AustraliaProperties:186Monthly Revenue:$2757.96Daily Rate:$185.26Occupancy:47.79%Regulation:Low
Rank:#23Market:Lakes EntranceCountry:AustraliaProperties:182Monthly Revenue:$1856.16Daily Rate:$211.64Occupancy:34.74%Regulation:Low
Rank:#24Market:Cape WoolamaiCountry:AustraliaProperties:175Monthly Revenue:$1835.94Daily Rate:$234.24Occupancy:31.67%Regulation:Low
Rank:#25Market:Dinner PlainCountry:AustraliaProperties:154Monthly Revenue:$2082.02Daily Rate:$557.05Occupancy:25.71%Regulation:Low
Rank:#26Market:MansfieldCountry:AustraliaProperties:154Monthly Revenue:$3366.62Daily Rate:$328.07Occupancy:35.75%Regulation:Low
Rank:#27Market:PortarlingtonCountry:AustraliaProperties:150Monthly Revenue:$1715.14Daily Rate:$234.44Occupancy:31.68%Regulation:Low
Rank:#28Market:Bass Coast ShireCountry:AustraliaProperties:144Monthly Revenue:$2111.37Daily Rate:$243.11Occupancy:32.88%Regulation:Low
Rank:#29Market:MilduraCountry:AustraliaProperties:138Monthly Revenue:$2039.93Daily Rate:$165.59Occupancy:45.96%Regulation:Low
Rank:#30Market:St LeonardsCountry:AustraliaProperties:133Monthly Revenue:$1717.28Daily Rate:$216.69Occupancy:34.16%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

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