Cardinia Reservoir

As of May 2026, Emerald, Belgrave, Gembrook have 660 active Airbnb and VRBO listings. This represents a 5% decrease from the previous year.

The average Airbnb or VRBO in Cardinia Reservoir generates A$44K per year. High-performing properties earn A$92K/year, while low-performing properties earn A$23K/year. This wide revenue gap suggests that market returns are highly sensitive to specific asset positioning rather than average listing performance.

Airbnb and VRBO can be profitable in Cardinia Reservoir. Average annual revenue is A$44K with 37% occupancy. High-performing properties earn up to A$92K/year. The delta between high and average earners highlights a market where superior performance is driven by factors disproportionately captured by a smaller segment of hosts.

The average occupancy rate for Airbnbs and VRBOs in Cardinia Reservoir is 37%. This occupancy level, combined with an average nightly rate of A$305, results in a RevPAR (revenue per available room) of A$86 per day.

4+ bedroom properties demonstrate the strongest performance in Cardinia Reservoir, with annual revenue of A$65K. These properties balance operating costs and rental demand most effectively in the Cardinia Reservoir market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Cardinia Reservoir area. These appear to be small towns/localities in Victoria, Australia (Shire of Cardinia/Yarra Ranges). Victorian state planning rules generally apply, requiring permits in some zones, but enforcement varies significantly by council. Local councils may have specific overlays or planning scheme requirements. I cannot accurately classify enforcement reality without current local data. I recommend checking with Cardinia Shire Council and Yarra Ranges Council directly for current requirements and enforcement practices. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Cardinia Reservoir Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 5% year-over-year, while RevPAR has decreased 7%. This indicates balanced supply-demand dynamics. These synchronized declines suggest a market correction phase where the contraction in listings is currently failing to offset the reduced overall consumer demand.

Launch around January, 2-3 months before peak winter season (April peaks). This pre-peak timing lets you build reviews when competition is -43% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (February-May) when gaining traction is harder.

The most common amenities in Cardinia Reservoir listings include: Kitchen (94%), Air Conditioning (91%), Tv (86%), Heating (79%), Private Yard (64%). Amenities that boost revenue the most include Hot Tub, Pets Allowed, Washing Machine, with Hot Tub properties earning approximately 26% more (A$74K/year vs A$59K/year).

Monthly estimated revenue per listing in Cardinia Reservoir over the last 12 months: May: A$2K, June: A$2K, July: A$3K, August: A$2K, September: A$2K, October: A$2K, November: A$3K, December: A$3K, January: A$3K, February: A$2K, March: A$3K, April: A$4K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Cardinia Reservoir is A$305, up 8% year-over-year. By property size: 1-bedroom properties average A$241/night, 2-bedroom properties average A$271/night, 3-bedroom properties average A$319/night, 4+ bedroom properties average A$457/night. Rates peak in April and are lowest in May.

Guests in Cardinia Reservoir book an average of 31 days in advance, down 15% from last year. By property size: 1-bedroom: 27 days, 2-bedroom: 33 days, 3-bedroom: 33 days, 4+ bedroom: 37 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Cardinia Reservoir Airbnb and VRBO market has seen the following changes: supply declined 5%, revenue per listing decreased 7%, occupancy fell 12%, average nightly rates increased 8%, and lead time decreased 15%. Shortening lead times combined with lower occupancy indicate a shift toward more last-minute, opportunistic booking behavior despite higher nightly pricing.

In Cardinia Reservoir, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Saturday and are lowest on Tuesday. Weekends show 63% higher occupancy than weekdays.