Mornington Peninsula

As of May 2026, Mornington, Portsea, Sorrento, Rye have 4,978 active Airbnb and VRBO listings. This represents a 6% decrease from the previous year.

The average Airbnb or VRBO in Mornington Peninsula generates A$47K per year. High-performing properties earn A$134K/year, while low-performing properties earn A$23K/year. This wide disparity highlights a significant performance gap, suggesting that earnings are heavily influenced by specific property attributes or positioning rather than market-wide demand.

Airbnb and VRBO can be profitable in Mornington Peninsula. Average annual revenue is A$47K with 28% occupancy. High-performing properties earn up to A$134K/year. The 28% occupancy rate indicates a reliance on peak seasonal travel, where top-tier assets capture a disproportionate share of available guest demand.

The average occupancy rate for Airbnbs and VRBOs in Mornington Peninsula is 28%. This occupancy level, combined with an average nightly rate of A$477, results in a RevPAR (revenue per available room) of A$95 per day.

4+ bedroom properties demonstrate the strongest performance in Mornington Peninsula, with annual revenue of A$60K. These properties balance operating costs and rental demand most effectively in the Mornington Peninsula market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Mornington Peninsula area. Mornington: Moderate. Registration required, 60-day annual cap for unhosted rentals. Enforcement increasing with complaints driving action. Portsea: Moderate. Same Mornington Peninsula Shire rules - registration, 60-day unhosted cap. Enforcement active in peak season, complaint-based. Sorrento: Moderate. Registration mandatory, 60-day unhosted limit. Council actively monitors popular areas, issues fines for non-compliance. Rye: Moderate. Registration required, 60-day cap unhosted. Growing enforcement with neighbor complaints triggering investigations. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Mornington Peninsula Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 6% year-over-year, while RevPAR has decreased 19%. This indicates balanced supply-demand dynamics. The concurrent drop in revenue despite lower competition suggests that macroeconomic factors are currently softening overall traveler spending power.

Launch around October, 2-3 months before peak winter season (January peaks). This pre-peak timing lets you build reviews when competition is 25% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (June-August) when gaining traction is harder.

The most common amenities in Mornington Peninsula listings include: Air Conditioning (96%), Kitchen (96%), Tv (92%), Washing Machine (89%), Heating (76%). Amenities that boost revenue the most include Pool, Washing Machine, Hot Tub, with Pool properties earning approximately 89% more (A$160K/year vs A$85K/year).

Monthly estimated revenue per listing in Mornington Peninsula over the last 12 months: May: A$2K, June: A$2K, July: A$2K, August: A$1K, September: A$2K, October: A$2K, November: A$3K, December: A$5K, January: A$7K, February: A$3K, 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 Mornington Peninsula is A$477, down 2% year-over-year. By property size: 1-bedroom properties average A$269/night, 2-bedroom properties average A$312/night, 3-bedroom properties average A$409/night, 4+ bedroom properties average A$689/night. Rates peak in January and are lowest in August.

Guests in Mornington Peninsula book an average of 31 days in advance, down 14% from last year. By property size: 1-bedroom: 29 days, 2-bedroom: 30 days, 3-bedroom: 29 days, 4+ bedroom: 34 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Mornington Peninsula Airbnb and VRBO market has seen the following changes: supply declined 6%, revenue per listing decreased 19%, occupancy fell 15%, average nightly rates decreased 2%, and lead time decreased 14%. The reduction in lead times points to a more spontaneous booking environment, reflecting increased consumer caution in a tightening market.

In Mornington Peninsula, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Friday and are lowest on Monday. Weekends show 52% higher occupancy than weekdays.