Warrnambool

As of May 2026, Warrnambool, Port Fairy, Portland have 831 active Airbnb and VRBO listings. This represents a 5% decrease from the previous year.

The average Airbnb or VRBO in Warrnambool generates A$41K per year. High-performing properties earn A$69K/year, while low-performing properties earn A$19K/year. The substantial revenue gap between top and bottom performers suggests market polarization, where specific assets capture disproportionate demand despite a 10% decline in overall market revenue.

Airbnb and VRBO can be profitable in Warrnambool. Average annual revenue is A$41K with 34% occupancy. High-performing properties earn up to A$69K/year. With supply contracting by 5%, the occupancy rate reflects a market where current inventory is adjusting to lower demand levels, highlighting a performance divide between resilient listings and those struggling to maintain occupancy.

The average occupancy rate for Airbnbs and VRBOs in Warrnambool is 34%. This occupancy level, combined with an average nightly rate of A$338, results in a RevPAR (revenue per available room) of A$90 per day.

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

Short-term rental regulations vary by jurisdiction in the Warrnambool area. Warrnambool: Moderate. Planning permit required for non-owner-occupied properties, registration with council. Enforcement occurs but not aggressive. Many hosts operate compliant. Port Fairy: Moderate. Planning permit needed, heritage overlay considerations. Council monitors but enforcement reactive rather than proactive. Tourist town accepts STRs. Portland: Lenient. Basic planning compliance, minimal specific STR rules. Light enforcement, small market with little regulatory focus. Hosts operate with few restrictions. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Warrnambool Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 5% year-over-year, while RevPAR has decreased 10%. This indicates balanced supply-demand dynamics. The simultaneous drop in supply and revenue suggests that while competition is thinning, the remaining hosts face a challenging environment with reduced per-listing income.

Launch around October, 2-3 months before peak winter season (January peaks). This pre-peak timing lets you build reviews when competition is 30% 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 Warrnambool listings include: Tv (94%), Kitchen (92%), Air Conditioning (82%), Washing Machine (78%), Heating (77%). Amenities that boost revenue the most include Washing Machine, Bbq, Air Conditioning, with Washing Machine properties earning approximately 27% more (A$55K/year vs A$43K/year).

Monthly estimated revenue per listing in Warrnambool over the last 12 months: May: A$2K, June: A$2K, July: A$2K, August: A$2K, September: A$2K, October: A$2K, November: A$3K, December: A$4K, January: A$5K, February: A$3K, March: A$3K, April: A$3K. 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 Warrnambool is A$338, up 8% year-over-year. By property size: 1-bedroom properties average A$230/night, 2-bedroom properties average A$290/night, 3-bedroom properties average A$348/night, 4+ bedroom properties average A$524/night. Rates peak in January and are lowest in May.

Guests in Warrnambool book an average of 32 days in advance, down 18% from last year. By property size: 1-bedroom: 29 days, 2-bedroom: 29 days, 3-bedroom: 33 days, 4+ bedroom: 35 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Warrnambool Airbnb and VRBO market has seen the following changes: supply declined 5%, revenue per listing decreased 10%, occupancy fell 18%, average nightly rates increased 8%, and lead time decreased 18%. These metrics reveal a shift toward shorter-term booking cycles and higher price sensitivity, as properties struggle to maintain occupancy levels.

In Warrnambool, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Friday and are lowest on Wednesday. Weekends show 34% higher occupancy than weekdays.