Best Rental Yield Suburbs in Australia in 2023- realestate.com.au
[ad_1]
They’re suburbs many Australians have never heard of, but Kambalda West in WA, Zeehan in Tasmania, Collinsville and Blackwater in Queensland, and South Boulder in Western Australia are the cream of the crop when it comes to big rental returns.
Realestate.com.au data shows the five relatively obscure suburbs are currently delivering the best average gross rental yields of all Australian suburbs for houses.
What is yield?
Yield refers to the measurement of a future income on an investment. A property’s gross yield is calculated by taking the annual rental income, dividing it by the property value, and then multiplying it by 100. For example, a property that earns $375 a week in rent, for a total of $19,500 a year, on a property purchased for $450,000, returns 4.3%.
Net yield figures account for expenses. A combination of low house prices and rising rent leads to higher yields.
Yields are particularly important for property investors wanting to positively gear their portfolios to create cashflow.
Highest yield suburbs in Australia – houses
| Suburb | Median sale price | Median weekly rent | Rental yield |
|---|---|---|---|
| Kambalda West WA 6442 | $150,000 | $350 | 12.13% |
| Zeehan TAS 7469 | $155,000 | $340 | 11.41% |
| Collinsville QLD 4804 | $152,500 | $325 | 11.08% |
| Blackwater QLD 4717 | $165,000 | $350 | 11.03% |
1. Kambalda West
The data shows the small rural town of Kambalda West, 632km east of Perth, 57km south of Kalgoorlie, where the median house price is $150,000 and the median weekly rent is $330, at the top of the list, with a 12.1% yield.
![](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 800 450"%3E%3C/svg%3E)
Kambalda West tops the list with a 12.1% yield. Picture: realestate.com.au
2. Zeehan Tas
Zeehan in Tasmania comes next on the list, with a 11.4% yield. It has a higher median value; $155,000 and a median weekly rent of $340.
139km southwest of Burnie, Zeehan is on the beautiful west coast of Tasmania. Picture: realestate.com.au
3. Collinsville Qld
The data shows Collinsville, in sunny Queensland, is third on the list where the average house is $152,500 and the median rent is $325, at second on the list, with an 11.08% yield.
Collinsville is Queensland’s top investor suburb for yield. Picture: realestate.com.au
Highest rental yield suburbs in Australia – units
| Rank | Suburb | State | Median price | Median rent | Yield |
|---|---|---|---|---|---|
| 1 | South Hedland WA 6722 | WA | $240,000 | $550 | 11.92% |
| 2 | Bulgarra WA 6714 | WA | $215,000 | $450 | 10.88% |
| 3 | Nelly Bay QLD 4819 | QLD | $281,000 | $550 | 10.18% |
| 4 | Kalgoorlie WA 6430 | WA | $220,000 | $420 | 9.93% |
| 5 | Edmonton QLD 4869 | QLD | $185,000 | $350 | 9.84% |
Highest rental yield suburbs in each state – houses and units
Jump to your state:
ACT; Top 10 Suburbs for gross rental yields
| Rank | Property type | Suburb | Median price | Median weekly rent | Yield |
|---|---|---|---|---|---|
| 1 | House | Crace ACT 2911 | $850,000 | $780 | 4.77% |
| 2 | House | Strathnairn ACT 2615 | $955,500 | $790 | 4.3% |
| 3 | House | Taylor ACT 2913 | $998,500 | $825 | 4.3% |
| 4 | House | Charnwood ACT 2615 | $729,500 | $590 | 4.21% |
| 5 | House | Gowrie ACT 2904 | $891,000 | $720 | 4.2% |
| 1 | Unit | Denman Prospect ACT 2611 | $494,250 | $630 | 6.63% |
| 2 | Unit | Gungahlin ACT 2912 | $455,000 | $520 | 5.94% |
| 3 | Unit | Dickson ACT 2602 | $530,000 | $590 | 5.79% |
| 4 | Unit | Reid ACT 2612 | $503,900 | $560 | 5.78% |
| 5 | Unit | Narrabundah ACT 2604 | $565,000 | $620 | 5.71% |
Stay ahead of the market
Join us to monitor the market and get detailed property insights direct to your inbox.
NSW; Top 10 suburbs for gross rental yields (houses)
| Rank | Property type | Suburb | Median price | Median rent | Yield |
|---|---|---|---|---|---|
| 1 | House | Broken Hill NSW 2880 | $171,193 | $320 | 9.72% |
| 2 | House | Cobar NSW 2835 | $174,500 | $280 | 8.34% |
| 3 | House | Moree NSW 2400 | $250,000 | $350 | 7.28% |
| 4 | House | Boggabri NSW 2382 | $275,000 | $380 | 7.19% |
| 5 | House | Wellington NSW 2820 | $263,500 | $350 | 6.91% |
| 1 | Unit | Korora NSW 2450 | $355,000 | $515 | 7.54% |
| 2 | Unit | Crestwood NSW 2620 | $332,000 | $430 | 6.73% |
| 3 | Unit | Queanbeyan East NSW 2620 | $375,000 | $430 | 5.96% |
| 4 | Unit | East Albury NSW 2640 | $280,000 | $320 | 5.94% |
| 5 | Unit | Lavington NSW 2641 | $270,000 | $290 | 5.59% |
Victoria; Top 10 suburbs for gross rental yields
| Rank | Property type | Suburb | Median price | Median rent | Yield |
|---|---|---|---|---|---|
| 1 | House | Ouyen VIC 3490 | $161,000 | $300 | 9.69% |
| 2 | House | Warracknabeal VIC 3393 | $218,860 | $295 | 7.01% |
| 3 | House | Nhill VIC 3418 | $200,000 | $260 | 6.76% |
| 4 | House | Dimboola VIC 3414 | $239,000 | $280 | 6.09% |
| 5 | House | Heyfield VIC 3858 | $380,000 | $420 | 5.75% |
| 1 | Unit | Travancore VIC 3032 | $338,000 | $400 | 6.15% |
| 2 | Unit | Sale VIC 3850 | $309,000 | $340 | 5.72% |
| 3 | Unit | Albion VIC 3020 | $260,000 | $280 | 5.6% |
| 4 | Unit | Mooroopna VIC 3629 | $260,000 | $278 | 5.55% |
| 5 | Unit | Wodonga VIC 3690 | $331,500 | $350 | 5.49% |
Northern Territory; Top 10 suburbs for gross rental yields
| Rank | Property type | Suburb | Median price | Median rent | Yield |
|---|---|---|---|---|---|
| 1 | House | Katherine East NT 0850 | $362,500 | $580 | 8.32% |
| 2 | House | Moulden NT 0830 | $390,000 | $500 | 6.67% |
| 3 | House | Araluen NT 0870 | $580,000 | $710 | 6.37% |
| 4 | House | Woodroffe NT 0830 | $450,000 | $550 | 6.36% |
| 5 | House | Farrar NT 0830 | $562,250 | $680 | 6.29% |
| 1 | Unit | Larrakeyah NT 0820 | $350,000 | $550 | 8.17% |
| 2 | Unit | Millner NT 0810 | $307,500 | $450 | 7.61% |
| 3 | Unit | Bakewell NT 0832 | $310,000 | $430 | 7.21% |
| 4 | Unit | Darwin City NT 0800 | $430,000 | $580 | 7.01% |
| 5 | Unit | Coconut Grove NT 0810 | $343,000 | $460 | 6.97% |
Queensland; Top 10 Suburbs for gross rental yields
| Rank | Property type | Suburb | Median price | Median rent | Yield |
|---|---|---|---|---|---|
| 1 | House | Collinsville QLD 4804 | $152,500 | $325 | 11.08% |
| 2 | House | Blackwater QLD 4717 | $165,000 | $350 | 11.03% |
| 3 | House | Mount Morgan QLD 4714 | $154,000 | $298 | 10.05% |
| 4 | House | Moura QLD 4718 | $175,000 | $333 | 9.88% |
| 5 | House | Dysart QLD 4745 | $189,000 | $345 | 9.49% |
| 1 | Unit | Nelly Bay QLD 4819 | $281,000 | $550 | 10.18% |
| 2 | Unit | Edmonton QLD 4869 | $185,000 | $350 | 9.84% |
| 3 | Unit | Manunda QLD 4870 | $178,000 | $320 | 9.35% |
| 4 | Unit | Idalia QLD 4811 | $222,500 | $400 | 9.35% |
| 5 | Unit | Bungalow QLD 4870 | $195,000 | $350 | 9.33% |
Tasmania; Top 10 suburbs for gross rental yields
| Rank | Suburb | Median price | Median rent | Yield |
|---|---|---|---|---|
| 1 | Zeehan TAS 7469 | $155,000 | $340 | 11.41% |
| 2 | Rosebery TAS 7470 | $155,000 | $250 | 8.39% |
| 3 | Queenstown TAS 7467 | $206,500 | $270 | 6.80% |
| 4 | Ravenswood TAS 7250 | $352,500 | $365 | 5.38% |
| 5 | Acton TAS 7320 | $341,000 | $350 | 5.34% |
| 1 | Newnham TAS 7248 | $360,000 | $350 | 5.06% |
| 2 | Glenorchy TAS 7010 | $470,000 | $450 | 4.98% |
| 3 | Claremont TAS 7011 | $455,000 | $400 | 4.57% |
| 4 | Blackmans Bay TAS 7052 | $599,000 | $493 | 4.28% |
| 5 | Devonport TAS 7310 | $385,000 | $310 | 4.19% |
South Australia; Top 10 suburbs for gross rental yields
| Rank | Property type | Suburb | Median price | Median rent | |
|---|---|---|---|---|---|
| 1 | House | Coober Pedy SA 5723 | $78,000 | $153 | 10.17% |
| 2 | House | Port Pirie West SA 5540 | $143,500 | $280 | 10.15% |
| 3 | House | Whyalla Norrie SA 5608 | $165,000 | $265 | 8.35% |
| 4 | House | Peterborough SA 5422 | $125,000 | $195 | 8.11% |
| 5 | House | Port Augusta SA 5700 | $195,000 | $300 | 8.00% |
| 1 | Unit | New Port SA 5015 | $320,000 | $413 | 6.70% |
| 2 | Unit | Walkerville SA 5081 | $371,500 | $460 | 6.44% |
| 3 | Unit | St Clair SA 5011 | $367,000 | $443 | 6.27% |
| 4 | Unit | Mawson Lakes SA 5095 | $325,000 | $390 | 6.24% |
| 5 | Unit | Findon SA 5023 | $350,000 | $395 | 5.87% |
Western Australia; Top 10 suburbs for gross rental yields
| Rank | Property type | Suburb | Median price | Median rent | Yield |
|---|---|---|---|---|---|
| 1 | House | Kambalda West WA 6442 | $150,000 | $350 | 12.13% |
| 2 | House | South Boulder WA 6432 | $217,500 | $450 | 10.76% |
| 3 | House | Newman WA 6753 | $315,000 | $650 | 10.73% |
| 4 | House | South Hedland WA 6722 | $375,000 | $725 | 10.05% |
| 5 | House | Merredin WA 6415 | $180,000 | $320 | 9.24% |
| 1 | Unit | South Hedland WA 6722 | $240,000 | $550 | 11.92% |
| 2 | Unit | Bulgarra WA 6714 | $215,000 | $450 | 10.88% |
| 3 | Unit | Kalgoorlie WA 6430 | $220,000 | $420 | 9.93% |
| 4 | Unit | Port Hedland WA 6721 | $337,569 | $600 | 9.24% |
| 5 | Unit | Orelia WA 6167 | $175,000 | $290 | 8.62% |
This article was originally published on
11 Dec 2020 at 9:00am
but has been regularly updated to keep the information current.
[ad_2]
Source link
