My thoughts on Melbourne's Airbnb Restriction Proposal

As of June 2023, there are 19,872 active Airbnb listings, which had received a booking in the past 12 months. There are 4,339 listings from VRBO, Booking.com, and TripAdvisor. The median occupancy rate of an Airbnb listing in Melbourne is 68% with the average booked daily rate being $242. Currently, there’s no (less than 1%) listing that has put a short-term rental license on Airbnb. For your information, a host can put their license on an Airbnb listing if they have a permit from the local government. In Melbourne, a typical 2-bedroom house on Airbnb generates $60,000 a year with a 74% occupancy rate (270 nights/year) and $223 per night. Whereas, a typical 2-bedroom rental house on a long-term lease generates about $30,000 a year. <a href="https://medium.com/airbtics/my-thoughts-on-melbournes-airbnb-restriction-prospoal-a74b5e24eed0">Learn More</a>