Use this GeeVee framework to estimate your property’s short stay income potential in Melbourne and across Australia.
The Airbnb Profit Formula
Gross Revenue = Nightly Rate x Occupancy Rate x 365
Net Profit = Gross Revenue – Management Fees – Cleaning – Linen – Rates – Insurance – Mortgage
Melbourne Inner-North Benchmarks (2026)
| Property Type | Avg Nightly Rate | Avg Occupancy | Gross Annual | Est. Net Annual |
|---|---|---|---|---|
| Studio / 1BR unit | $120-$160 | 72% | $31k-$42k | $18k-$26k |
| 2BR apartment | $180-$250 | 70% | $46k-$64k | $27k-$39k |
| 3BR house | $250-$380 | 65% | $59k-$90k | $34k-$54k |
| 4BR+ house | $350-$550 | 60% | $77k-$120k | $44k-$72k |
What Affects Your Airbnb Profitability?
- Location: Proximity to CBD, events venues, hospitals, and transport adds 20-40% to occupancy
- Listing quality: Professional photos add 15-25% to booking rate
- Pricing strategy: Dynamic pricing tools add 15-25% to annual revenue vs flat pricing
- Management: Self-managed vs agency affects both revenue (agencies optimise pricing) and cost (agencies charge 20-25%)
- Regulations: Owners corporation restrictions and council registration requirements can limit listing nights
Get a GeeVee Short Stay Income Projection
GeeVee can generate a personalised Airbnb income estimate for your specific property, suburb, and configuration — including a comparison against long-term rental returns.
Access free: collings.com.au/portal
