Melbourne is a vibrant city known for its rich culture, diverse neighbourhoods, and bustling economy. As demand grows for more flexible living arrangements, furnished monthly rentals and extended stays are rapidly becoming a high-yield opportunity for property investors and developers.
At Property Mums, we’ve seen firsthand the increasing interest in these rental properties, achieving occupancy rates of 60-80%—and often higher. In this blog, we’ll explore the benefits of medium-term rentals and why investing in this market could be a game-changer for you.
High Returns and Steady Demand for Monthly Rentals
One of the most compelling reasons to consider monthly rental accommodation is the strong financial return. Our properties regularly yield more than double what you might earn from long-term residential leases. For investors looking to maximise returns without the hassles of traditional tenancy, this model offers the best of both worlds.
Demand for extended stays is steady, not seasonally driven by insurance-funded bookings. When families are displaced by flooding, fire, or major repairs, their insurers often cover extended accommodation. These bookings can last for weeks or even months, ensuring fewer vacancy gaps and more consistent income.
Meeting the Needs of a Diverse Guest Market
Monthly rentals in Melbourne serve a wide range of real-world needs:
- Renovation Stays – Homeowners temporarily displaced during renovations seek comfort and privacy.
- Relocations – Families moving interstate or from overseas often need flexible, furnished homes while they search for permanent accommodation.
- Corporate Extended Stays – Professionals on medium-term contracts want well-equipped, home-like environments for productive living.
At Property Mums, we’re constantly fielding demand across the suburbs and frequently have to turn guests away. Just recently, we declined a 70-night stay request in Cranbourne, Taylors Lakes, and Bentleigh due to limited inventory. The opportunity for property owners is immense.
A Turnkey Solution for Melbourne Property Investors interested in Medium Term Rentals
For property investors and developers, the appeal of medium term rentals lies in the ease of management. Property Mums offers a turnkey interior design service, ensuring that your property is styled beautifully to attract medium term guests. We understand what guests are looking for, and we make sure your home stands out.
Insurance companies also value our partnership, as they know we maintain a high standard of service. Once their clients move in, they can rest easy knowing their accommodation needs are taken care of until they’re ready to return home.
You Don’t Need to Be in a Tourist Hotspot to Succeed
The demand for extended stays isn’t limited to coastal or central areas. Suburbs across Melbourne from Port Melbourne to Burwood, Malvern to Mornington are seeing strong occupancy for well-furnished homes.
Every suburb in Melbourne has potential. By investing in medium-term rentals, you can capitalise on this opportunity while providing valuable housing options to those in need. Property Mums is here to help you navigate this growing market and ensure your investment yields the best possible returns.
Get in Touch
If you’re a property investor, developer, or someone planning an extended stay overseas (six months or more), now is the time to explore the benefits of fully furnished medium-term rentals. Contact Property Mums or email us at [email protected].
Let us help you maximise your investment while making a difference in the community. Together, we can transform your property into a thriving medium-term rental that meets the needs of today’s renters.
