Brisbane Short-Term Rental Market Report

Brisbane attracts a diverse range of travellers: from students and tourists who wish to explore local attractions, to inbound business travellers who visit throughout the year. Many also visit Brisbane to partake in the area's growing restaurant and cafe scene — according to the State of the City Report by the Brisbane Economic Development Agency, Queensland had the most new cafes and restaurants among all Australian states, with Brisbane making a significant contribution to that figure.

There is also a growing interest in Brisbane as an event hotspot, especially after the announcement of the 2032 Summer Olympic and Paralympic Games in Brisbane. Many are anticipating a tourism and infrastructure boom because of this, which would drive property value appreciation and increased rental demand, making it an attractive investment option for those in the tourism and accommodation industries.

Here are some notable travel trends and statistics for Brisbane short-term rentals in 2024:

Key Highlights

• Brisbane has steady visitor numbers year-round led to stable occupancy rates despite lower occupancy compared to 2023
• Though average daily rates are trending slightly below 2023's, homeowner returns remain positive overall
• Seasonal events and concerts by international artists reliably contribute steadily to local tourism
• Brisbane is anticipated to have a tourism and infrastructure boom due to the upcoming 2032 Summer Olympic and Paralympic Games
• Hometime-managed short-term rentals in Brisbane have a +17% lead in occupancy rates, compared to the rest of the local market

Brisbane Short-Term Rental Market Report

1. Steady occupancy rates throughout the year

Thanks to the diverse range of travellers that visit the city, Brisbane has relatively stable occupancy rates for most of the year, except for the slower autumn season. And while the market occupancy for short stays in Brisbane slightly dropped in FY24 compared to FY23, we’ve found that Hometime homes still performed better than the local market.

Our data also shows that Inbound business travellers to Brisbane stayed longer from October 2023 - March 2024 — the average business stay in Brisbane lasted 5.2 days, compared to Sydney’s 4.1 days and Melbourne’s 4.6 days.

2. No major fluctuations in average daily rates (ADRs)

Average daily rates in Brisbane are generally steady year-round, with no major fluctuations aside from the typical summer holidays and Christmas peak in December.

While average daily rates have been trending slightly lower in 2024 compared to the travel boom in 2023, the return is still positive overall when compared to the cost of investing in the Brisbane short-term rental market.

3. Events in Brisbane bring good visitor numbers, even in off-peak seasons

Brisbane is host to various cultural, foodie, and sporting events that attract tourists from all over. It is also a frequent concert stop for international artists as part of their Australian tours, which provide a boost in tourist numbers even during off-peak seasons.

Tourism in Brisbane is also anticipated to pick up in preparation for the 2032 Olympics — the city is already buzzing in anticipation of the upcoming 2032 Brisbane Summer Olympic and Paralympic Games!

Why Hometime works for Airbnb management in Brisbane

1. Hometime-managed short-term rentals in Brisbane have above-market occupancy rates

Hometime homes consistently outperform the regular short-term rental market in Brisbane. We achieve this with the combination of our expert in-house listing optimisation and pricing teams making sure your home is as bookable as possible.

2. Data-driven insights to compute nightly rates and boost property value

Our dynamic pricing algorithms fine-tune nightly rates based on current market fluctuations to make sure that we maximise returns while maintaining high occupancy rates, helping you earn more:

With Hometime’s Airbnb management, you won’t need to worry about doing market research to determine pricing — we’ll do that for you!

Hometime’s data can also provide various insights to increase your property’s value, such as:

• Which areas in Brisbane are most popular during which times of the year
• Which amenities the most popular Airbnbs in Brisbane feature
• What you can add to your short-term rental to increase its booking appeal, leading to an increase in occupancy rates and nightly rates.

3. Top-quality guest communication to help you get great reviews

Hometime is a trusted Airbnb management company in Australia that delivers quality results to both short-term rental owners and Airbnb guests. See how people feel about our Airbnb property management and guest management services in Brisbane.

1 million+

nights booked across Australia

4.7/5

average guest rating on Airbnb

3,500+

properties managed since 2016

Hometime uses its very own property management software that can do it all — from managing bookings, guest management, and even coordinating Airbnb cleaning services. We also offer a dedicated booking platform for guests to increase your visibility, drive more bookings, and drive rental returns further.

4. Dedicated local Airbnb managers in Brisbane

We'll connect you with our experienced Airbnb co-hosts in Brisbane, with years of experience in Melbourne's short-term rental market and have welcomed many guests to the area. They will be your first point of contact and will manage everything related to your home, from managing bookings, communicating and vetting guests, and assisting them with any concerns.

What does Hometime’s Airbnb management in Brisbane include?

Our full-service property management solutions in Brisbane are designed to maximise your earnings and guest satisfaction with these dedicated services:

• Property onboarding:
  We’ll help you set up your short-term rental as quickly as we can so you can start getting bookings ASAP.
• Listing optimisation:
  Our team constantly works on improving your listing through great content showcasing the best of the property with high-quality professional photos, and creating detailed guides for your guests. This includes property styling and photography to make your Airbnb stand out and to maximise its appeal.
  
• Dynamic pricing strategy:
  Hometime’s pricing analysts and market experts will help optimise your revenue while increasing occupancy at the same time.
  
• Airbnb cleaning services:
  We’ll find the best cleaners in Brisbane to look after your home, whether it’s for regular cleans, deep cleans ready for peak season, or even restocking essentials. We use the built-in cleaning fee from the booking, so there’ll be no need to pay for it out of pocket.
  
• Guest communication and management:
  We go the extra mile to ensure your guests enjoy every part of their stay, from making the booking, checking in, checking out, and everything in between. This includes taking care of maintenance issues quickly, providing alternatives for late-night arrivals, and even meeting them in person when needed!
  
• Property maintenance:
  Hometime’s local Airbnb experts will sort out all your maintenance needs to make both you and your guests happy. We’ll also do our best to get you the best rates for services in the area due to our close relationships with local businesses.

Leave us your details and we’ll be in touch about your short-term rental in Brisbane.