Investment Properties
Understanding rental yield is crucial for property investors aiming to optimize their investment returns. Rental yield represents the yearly rental income generated by a property as a percentage of its value. A higher rental yield indicates stronger cash flow, which is invaluable when making property investment decisions. The potential rental return depends on several factors, including the property’s location, type, condition, and the balance of supply and demand in the market.
To assist investors in making informed decisions, we have compiled a list of the top 10 suburbs with the highest gross rental yield in each state and region across Australia. This compilation includes essential metrics such as the median sale price and median rent. The median sale price reflects the midpoint of all transactions recorded over the past three months, while the median rent represents the average weekly rent advertised within a 12-month period. Rental yield is calculated based on the annualized rent divided by the average weekly rent
The data used is from CoreLogic and covers the period of one-year October 2022 to October 2023. The suburbs must have a minimum of 30 sales and 30 rental listings in the past 12 months to be included in the list, ensuring the reliability and representativeness of the data.
| Code | Location | Type | Price | Rent | Yield | Required Funds | Loan | Weekly Repayments | Additional Weekly Cost | ROI |
| P10001 | Cairns | House | $450,000 | $550 | 6.36% | $81,000 | $405,000 | $560 | $110 | 27.11% |
| P10002 | Caringbah | House | $1,890,000 | $1,100 | 3.03% | $340,200 | $1,701,000 | $2,352 | $1,352 | 18.69% |
| P10003 | Canberra | |||||||||
| P10004 | Denman Prospct, Act | House | $1,370,000 | $998 | 3.79% | $246,600 | $1,233,000 | $1,705 | $807 | 20.54% |
| P10005 | Taylor, Act | House | $917,000 | $810 | 4.59% | $165,060 | $825,300 | $1,141 | $431 | 22.54% |
| P10006 | Holt, Act | House | $751,000 | $600 | 4.15% | $135,180 | $675,900 | $935 | $435 | 21.20% |
| P10007 | Isabela Plains, Act | House | $780,000 | $630 | 4.2% | $140,400 | $702,000 | $971 | $441 | 21.35% |
| P10008 | Latham, Act | House | $760,000 | $630 | 4.31% | $136,800 | $684,000 | $946 | $416 | 21.63% |
| P10009 | Goungahlin, Act | Unit | $451,000 | $530 | 6.11% | $81,180 | $405,900 | $561 | $131 | 26.33% |
| P100010 | Braddon, Act | Unit | $552,000 | $580 | 5.46% | $99,360 | $496,800 | $687 | $207 | 24.62% |
| P10011 | Belconnen, Act | Unit | $490,000 | $520 | 5.52% | $88,200 | $441,000 | $610 | $190 | 24.64% |
| P10012 | Franklin, Act | Unit | $534,000 | $530 | 5.16% | $96,120 | $480,600 | $665 | $235 | 23.7% |
| P10013 | Lyons, Act | Unit | $386,000 | $450 | 6.06% | $69,480 | $347,400 | $480 | $130 | 25.92% |
| P10014 | Sydney | |||||||||
| P10015 | South Winsdor, Nsw | House | #780,000 | $535 | 3.57% | $140,400 | $702,000 | $971 | $536 | 19.69% |
| P10016 | Lawson, Nsw | House | $749,000 | $510 | 3.54% | $134,820 | $674,100 | $932 | $522 | 19.6% |
| P10017 | Hazelbrook, Nsw | House | $792,000 | $550 | 3.61% | $142,560 | $712,800 | $986 | $536 | 19.82% |
| P10018 | Airds, Nsw | House | $641,000 | $465 | 3.77% | $115,380 | $576,900 | $798 | $433 | 20.08% |
| P10019 | Josrdan Springs, Nsw | House | $918,000 | $670 | 3.8% | $165,240 | $826,200 | $1,142 | $572 | 20.38% |
| P10020 | Auburn, Nsw | Unit | $555,000 | $500 | 4.68% | $99,900 | $499,500 | $691 | $291 | 22.39% |
| P10021 | Warwick Farm, Nsw | Unit | $430,000 | $420 | 5.08% | $77,400 | $387,000 | $535 | $215 | 23.19% |
| P10022 | Rosehill, Nsw | Unit | $480,000 | $480 | 5.2% | $86,400 | $432,000 | $597 | $217 | 23.68% |
| P10023 | Mascot, Nsw | Unit | $869,000 | $850 | 5.09% | $156,420 | $782,100 | $1,081 | $331 | 23.92% |
| P10024 | Mays Hill, Nsw | Unit | $530,000 | $550 | 5.4% | $95,400 | $477,000 | $660 | $210 | 24.38% |
| P10025 | Regional Nsw | |||||||||
| P10026 | Broken Hill, Nsw | House | $216,000 | $320 | 7.7% | $38,880 | $194,400 | $269 | $49 | 29.71% |
| P10027 | Cobar, Nsw | House | $210,000 | $288 | 7.13% | $37,800 | $189,000 | $261 | $73 | 27.74% |
| P10028 | Condobolin, Nsw | House | $275,000 | $280 | 5.29% | $49,500 | $247,500 | $342 | $162 | 23.04% |
| P10029 | Wellington, Nsw | House | $290,000 | $360 | 6.46% | $52,200 | $261,000 | $361 | $101 | 26.55% |
| P10030 | Moree, Nsw | House | $349,000 | $350 | 5.21% | $62,820 | $314,100 | $434 | $184 | 23.26% |
| P10031 | Muswlbrook, NSW | Unit | $317,500 | $360 | 5.9% | $57,150 | $285750 | $395 | $135 | 25.05% |
| P10032 | Crestwood, Nsw | Unit | $350,000 | $420 | 6.24% | $63,000 | $315,000 | $436 | $116 | 26.29% |
| P10033 | Wagga Wagga, Nsw | Unit | $405,000 | $360 | 4.62% | $72,900 | $364,500 | $504 | $244 | 21.85% |
| P10034 | Lavington, Nsw | Unit | $309,000 | $305 | 5.13% | $55,620 | $278,100 | $385 | $180 | 22.82% |
| P10035 | Queanbeyan, Nsw | Unit | $415,000 | $415 | 5.2% | $74,700 | $373,500 | $516 | $201 | 23.48% |
| P10036 | Brisbane | |||||||||
| P10037 | Russell Island, QLD | House | $360,000 | $390 | 5.63% | $64, 800 | $324,000 | $448 | $158 | 24.51% |
| P10038 | Woodridge, QLD | House | $490,000 | $440 | 4.67% | $88,200 | $441,000 | $610 | $270 | 22.21% |
| P10039 | Kingston, QLD | House | $490,000 | $460 | 4.88% | $88,200 | $441,000 | $610 | $250 | 22.8% |
| P10040 | Logan Central, QLD | House | $481,000 | $460 | 4.97% | $86,580 | $441,000 | $599 | $239 | 23.04% |
| P10041 | Eagleby, QLD | House | $520,000 | $470 | 4.7% | $93,600 | $468,000 | $647 | $277 | 22.36% |
| P10042 | Woodridge, QLD | Unit | $255,000 | $340 | 6.93% | $45,900 | $229,500 | $317 | $77 | 27.72% |
| P10043 | Logan Central, QLD | Unit | $256,000 | $330 | 6.7% | $46,080 | $230,400 | $319 | $89 | 27.00% |
| P10044 | Slacks Crek, QLD | Unit | $310,000 | $370 | 6.21% | $55,800 | $279,000 | $386 | $116 | 25.94 |
| P10045 | Waterfall West, QLD | Unit | $290,000 | $365 | 6.54% | $52,200 | $261,000 | $361 | $96 | 26.83% |
| P10046 | Caboolture, QLD | Unit | $326,000 | $355 | 5.66% | $58,680 | $293,400 | $406 | $151 | 24.42% |
| P10047 | Regional QLD | |||||||||
| P10048 | Collinsville, QLD | House | $162,000 | $330 | 10.59% | $29,160 | $145,800 | $202 | $28 | 39.25% |
| P10049 | Blackwater, QLD | House | $200,000 | $350 | 9.1% | $36,000 | $180,000 | $249 | $1 | 34.42% |
| P10050 | Mount Morgan, QLD | House | $205,000 | $350 | 8.88% | $36,900 | $184,500 | $255 | $5 | 33.69% |
| P10051 | Charleville, QLD | House | $165,000 | $250 | 7.88% | $29,700 | $148,500 | $205 | $55 | 29.16% |
| P10052 | Moura, QLD | House | $205,000 | $350 | 8.88% | $36,900 | $184,500 | $255 | $5 | 33.69% |
| P10053 | Moranbah, QLD | Unit | $244,000 | $530 | 11.3% | $43,920 | $219,600 | $304 | $126 | 45.42% |
| P10054 | Emrald, QLD | Unit | $211,000 | $330 | 8.13% | $37,980 | $189,900 | $263 | $33 | 31.09% |
| P10055 | Woree, QLD | Unit | $202,000 | $330 | 8.5% | $36,360 | $181,800 | $251 | $21 | 32.2% |
| P10056 | Manunda, QLD | Unit | $195,000 | $330 | 8.8% | $35,100 | $175,500 | $243 | $13 | 33.16% |
| P10057 | Manoora, QLD | Unit | $240,000 | $350 | 7.58% | $43200 | $216,000 | $299 | $49 | 29.67% |
| P10058 | Melbourne | |||||||||
| P10059 | Corio, VIC | House | $488,000 | $380 | 4.05% | $87,840 | $439,200 | $607 | $327 | 20.56% |
| P10060 | Norlane, VIC | House | $450,000 | $350 | 4.04% | $81,000 | $405,000 | $560 | $310 | 20.46% |
| P10061 | St.Albans Park, VIC | House | $590,000 | $435 | 3.83% | $106,200 | $531,000 | $734 | $399 | 20.18% |
| P10062 | Campbellfield, VIC | House | $600,000 | $443 | 3.84% | $108,000 | $540,000 | $747 | $404 | 20.21% |
| P10063 | Whittington, VIC | House | $500,000 | $398 | 4.14% | $90,000 | $450,000 | $622 | $324 | 20.82% |
| P10064 | Melbourne, VIC | Unit | $470,000 | $600 | 6.64% | $84,600 | $423,000 | $585 | $85 | 28.11% |
| P10065 | Carlton, VIC, VIC | Unit | $335,000 | $478 | 7.42% | $60,300 | $301,500 | $417 | $39 | 30.08% |
| P10066 | Travancore, VIC | Unit | $340,000 | $450 | 6.88% | $61,200 | $306,000 | $423 | $73 | 28.29% |
| P10067 | West Melbourne, VIC | Unit | $580,000 | $550 | 4.93% | $104,400 | $522,000 | $722 | $272 | 23.12% |
| P10068 | Southbank, VIC | Unit | $5810,00 | $600 | 5.37% | $104,580 | $522,900 | $723 | $223 | 24.4% |
| P10069 | Regional VIC | |||||||||
| P10070 | Kerang, VIC | House | $270,000 | $270 | 5.2% | $48,600 | $243,000 | $336 | $166 | 22.74% |
| P10071 | Red Cliff, VIC | House | $335,000 | $350 | 5.43% | $60,300 | $301,500 | $417 | $167 | 23.8% |
| P10072 | Morwell, VIC | House | $330,000 | $350 | 5.52% | $59,400 | $297,000 | $411 | $161 | 24.01% |
| P10073 | Mooroopna, VIC | House | $380,000 | $420 | 5.75% | $68,400 | $342,000 | $473 | $153 | 24.94% |
| P10074 | Stawell, VIC | House | $332,000 | $350 | 5.48% | $59,760 | $298,800 | $413 | $163 | 23.93% |
| P10075P10075 | Sale, VIC | Unit | $340,000 | $350 | 5.35% | $61,200 | $306,000 | $423 | $173 | 23.6% |
| P10076 | Tralalgon, VIC | Unit | $332000 | $330 | 5.17% | $59,760 | $298,800 | $413 | $183 | 23.04% |
| P10077 | Moe, VIC | Unit | 260,000 | $250 | 5% | $46,800 | $234,000 | $324 | $174 | 22.12% |
| P10078 | Mildura, VIC | Unit | $320,000 | $325 | 5.28% | $57,600 | $288,000 | $398 | $173 | 23.29% |
| P10079 | Benalla, VIC | Unit | $308,000 | $350 | 5.91% | $55,440 | $277,200 | $383 | $133 | 25.03% |
| P10080 | Adelaide, SA | |||||||||
| P10081 | Elizabeth North, SA | House | $336,000 | $370 | 5.73% | $60,480 | $302,400 | $418 | $148 | 24.66% |
| P10082 | lizabeth Downs, SA | House | $380,000 | $380 | 5.2% | $68,400 | $342,000 | $418 | $193 | 23.35% |
| P10083 | Smithfield, SA | House | $412,000 | $400 | 5.05% | $74,160 | $370,800 | $513 | $213 | 23.05% |
| P10084 | Davoren Park, SA | House | $324,000 | $370 | 5.94% | $58,320 | $291,600 | $403 | $133 | 25.22% |
| P10085 | Elizabeth Park, SA | House | $380,000 | $395 | 5.41% | $68,400 | $342,000 | $473 | $178 | 23.94% |
| P10086 | Salisbury, SA | Unit | $360,000 | $320 | 4.62% | $64,800 | $342,000 | $448 | $228 | 21.69% |
| P10087 | Adelaide, SA | Unit | $456,000 | $520 | 5.93% | $82,080 | $410,400 | $567 | $147 | 25.79% |
| P10088 | Bowden, SA | Unit | $450,000 | $500 | 5.78% | $81,000 | $410,400 | $560 | $160 | 25.3% |
| P10089 | New Port, SA | Unit | $3450,00 | $450 | 6.78% | $62,100 | $310,500 | $429 | $79 | 28% |
| P10090 | Mawson Lakes, SA | Unit | $390,000 | $440 | 5.87% | $70,200 | $351,000 | $485 | $145 | 25.35% |
| P10091 | Regional SA | |||||||||
| P10092 | Port Augusta West, SA | House | $282,000 | $340 | 6.27% | $50,760 | $253,800 | $351 | $111 | 25.91% |
| P10093 | Port Augusta, SA | House | $210,000 | $320 | 7.92% | $37,800 | $189,000 | $351 | $41 | 30.35% |
| P10094 | Whyalla, SA | House | $330,000 | $350 | 5.52% | $59,400 | $297,000 | $411 | $161 | 24.01% |
| P10095 | Whyalla Norrie, SA | House | $198,000 | $280 | 7.35% | $35,640 | $178,200 | $411 | $66 | 28.23% |
| P10096 | Risdon Park, SA | House | $247,000 | $330 | 6.95% | $44,460 | $222,300 | $411 | $77 | 27.67% |
| P10097 | Whyalla Stuart, SA | Unit | $190,000 | $270 | 7.39% | $34,200 | $171,000 | $236 | $66 | 28.19% |
| P10098 | Murray Bridge, SA | Unit | $340,000 | $330 | 5.05% | $61,200 | $306,000 | $423 | $193 | 22.75% |
| P10099 | Port Lincoln, SA | Unit | $350,000 | $300 | 4.46% | $63,000 | $315,000 | $436 | $236 | 21.21% |
| P10100 | Victor Harbor, SA | Unit | $417,000 | $400 | 4.99% | $75,060 | $375,300 | $519 | $219 | 22.89% |
| P10101 | Perth, WA | |||||||||
| P10102 | Armadale, WA | House | $370,000 | $430 | 6.04% | $66,600 | $333,000 | $460 | $130 | 25.79% |
| P10103 | Brookdale, WA | House | $382,000 | $478 | 6.51% | $68,760 | $343,800 | $475 | $97 | 27.31% |
| P10104 | Camillo, WA | House | $380,000 | $450 | 6.16% | $68,400 | $342,000 | $473 | $123 | 26.19% |
| P10105 | Medina, WA | House | $347,000 | $435 | 6.52% | $62,460 | $312,300 | $432 | $97 | 27.15% |
| P10106 | Calista, WA | House | $360,000 | $420 | 6.07% | $64,800 | $324,000 | $448 | $128 | 25.81% |
| P10107 | Orelia, WA | Unit | $205,000 | $420 | 8.75% | $36,900 | $184,500 | $255 | $10 | 33.21% |
| P10108 | Armadale, WA | Unit | $307,000 | $420 | 6.78% | $55,260 | $276,300 | $382 | $82 | 27.7% |
| P10109 | Thornli, WA | Unit | $320,000 | $425 | 6.91% | $57,600 | $288,000 | $398 | $73 | 28.23% |
| P10110 | Kelmscott, WA | Unit | $315,000 | $400 | 6.6% | $57,600 | $283,500 | $392 | $92 | 27.21% |
| P10111 | Osborne Park, WA | Unit | $325,000 | $440 | 7.04% | $57,600 | $292,500 | $404 | $64 | 28.71% |
| P10112 | Regional WA | |||||||||
| P10113 | Kambalda West, WA | House | $165,000 | $350 | 11.03% | $29,700 | $148,500 | $205 | $45 | 41.35% |
| P10114 | Newman, WA | House | $340,000 | $675 | 10.32% | $61,200 | $306,000 | $423 | $152 | 42.18% |
| P10115 | Boulder, WA | House | $290,000 | $505 | 9.06% | $52,200 | $2610,00 | $361 | $44 | 35.85% |
| P10116 | South Hedland, WA | House | $444,000 | $850 | 9.95% | $79,920 | $399,600 | $553 | $197 | 41.33% |
| P10117 | Nickol, WA | House | $570,000 | $1,175 | 10.72% | $102,600 | $513,000 | $709 | $366 | 46.04% |
| P10118 | South Hedland, WA | Unit | $320,000 | $650 | 10.56% | $57,600 | $288,000 | $709 | $152 | 43.11% |
| P10119 | Kalgoorlie, WA | Unit | $260,000 | $480 | 9.6% | $46,800 | $234,000 | $324 | $56 | 37.7% |
| P10120 | Boulder, WA | Unit | $215,000 | $450 | 10.88% | $38,700 | $193,500 | $268 | $82 | 42.54% |
| P10121 | Sommerville, WA | Unit | $300,000 | $550 | 9.53% | $38,700 | $270,000 | $373 | $77 | 38.01% |
| P10122 | Port Hedland, WA | Unit | $464,000 | $700 | 7.84% | $83,520 | $417,600 | $577 | $23 | 32.38% |
| P10123 | NT, Northern Teritorry | |||||||||
| P10124 | Gray, NT | House | $400,000 | $500 | 6.5% | $72,000 | $360,000 | $498 | $98 | 27.37% |
| P10125 | Zuccoli, NT | House | $550,000 | $678 | 6.41% | $99,000 | $495,000 | $684 | $106 | 27.59% |
| P10126 | Braitling, NT | House | $472,000 | $590 | 6.5% | $84,960 | $424,800 | $587 | $97 | 27.66% |
| P10127 | Gillen, NT | House | $500,000 | $550 | 5.72% | $90,000 | $450,000 | $622 | $172 | 25.27% |
| P10128 | Woodroffe, NT | House | $422,000 | $550 | 6.78% | $75,960 | $379,800 | $525 | $75 | 28.38% |
| P10129 | Rosebery, NT | Unit | $377,000 | $498 | 6.87% | $67,860 | $339,300 | $469 | $71 | 28.47% |
| P10130 | Darwin City, NT | Unit | $430,000 | $590 | 7.13% | $77,400 | $387,000 | $535 | $45 | 29.64% |
| P10131 | Parap, NT | Unit | $410,000 | $550 | 6.98% | $73,800 | $369,000 | $510 | $60 | 29% |
| P10132 | Coconut Grove, NT | Unit | $370,000 | $550 | 7.03% | $66,600 | $333,000 | $460 | $60 | 28.96% |
| P10133 | Stuart Park, NT | Unit | $411,000 | $560 | 7.09% | $73,980 | $369,900 | $511 | $51 | 29.38% |
| P10134 | Tasmania | |||||||||
| P10135 | Queenstown, TAS | House | $213,000 | $280 | 6.84% | $38,340 | $191,700 | $265 | $85 | 26.86% |
| P10136 | Ravenswood, TAS | House | $343,000 | $378 | 5.73% | $61,740 | $308,700 | $427 | $149 | 24.71% |
| P10137 | Risdon Vale, TAS | House | $467,000 | $460 | 5.12% | $84,060 | $420,300 | $581 | $221 | 23.42% |
| P10138 | George Town, TAS | House | $355,000 | $380 | 5.57% | $63,900 | $319,500 | $442 | $162 | 24.29% |
| P10139 | Newnham, TAS | House | $492,000 | $450 | 4.76% | $88,560 | $442,800 | $612 | $262 | 22.46% |
| P10140 | Glenorchy, TAS | Unit | $462,000 | $450 | 5.06% | $83,160 | $415,800 | $575 | $225 | 23.25% |
| P10141 | Riverside, TAS | Unit | $450,000 | $398 | 4.6% | $81,000 | $405,000 | $560 | $262 | 21.92% |
| P10142 | Newstead, TAS | Unit | $483,000 | $370 | 3.98% | $86,940 | $434,700 | $601 | $331 | 20.38% |
| P10143 | Claremont, TAS | Unit | $490,000 | $420 | 4.46% | $88,200 | $441,000 | $610 | $290 | 21.64% |
| P10144 | Prospect Vale, TAS | Unit | $490,000 | $405 | 4.3% | $88,200 | $441,000 | $610 | $305 | 21.21% |
