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2025 | Suburbs with the highest rental yield in Australia revealed

Profile photo of Andy Webb,  Editorial Writer at OpenAgent

Written by 

Andy Webb.

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 Reviewed by 

OpenAgent articles are reviewed by real estate experts and professionals. Our reviewers confirm the content is thorough, accurate and reflective of current trends and best practice. Content is reviewed before publication and upon substantial updates. Learn more about our editorial policy and review board here.
Johanna Seton.

Johanna is one of the co-CEOs of OpenAgent. She has over 8 years of experience in the real estate industry through her work at OpenAgent and holds a class 2 real estate license in NSW. Previously, Johanna worked at hipages.com.au, Australia's largest trade marketplace, where she built her experience understanding renovations and home improvements for 7+ years.

Learn more about our editorial guidelines.

If you’re looking to invest in property in 2025, it’s important to understand rental yield to ensure you get a good return on your investment.  

Rental yield is the annual income generated from rent as a percentage of the property’s value. Higher rental yield indicates better cash flow, which can be useful when making property investment decisions.

The level of rental return you can expect is determined by factors such as the location of the property, the type of property, the condition of the property, as well as supply and demand in the market. 

We’ve compiled a list of the top 10 suburbs with the highest gross rental yield in each state and region in Australia. Take a look at which suburbs topped the list.

Helpful resource: Get a suburb profile for any suburb in Australia

  • Suburbs with the best rental yield in Canberra

    Top 10 suburbs with the best rental yield in Canberra 

    SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
    GreenwayACTHouse$621,000$5305.40%
    BelconnenACTHouse$650,500$5504.80%
    CharnwoodACTHouse$715,000$5784.70%
    HoltACTHouse$770,000$6154.50%
    BanksACTHouse$743,000$6204.40%
    GungahlinACTUnit$450,000$5356.20%
    CurtinACTUnit$385,000$4856.00%
    HawkerACTUnit$402,500$5005.90%
    BelconnenACTUnit$470,000$5405.80%
    HughesACTUnit$330,000$4005.80%

    The suburb of Greenway, roughly 20 kilometres south of the Canberra CBD, has the highest rental yield for houses at 5.4 per cent. The median sale price for a Greenway house is $621,000 and the weekly median rent is $530.

    At 6.2%, Gungahlin is the Canberra suburb with the highest rental yield for units. A unit in Gungahlin has a median sale price of $455,000 and the median weekly rent is $535.

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  • Suburbs with the best rental yield in Sydney and Regional NSW

    Top 10 suburbs with the best rental yield in Sydney

    SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
    AirdsNSWHouse$752,500$5454.10%
    Mcgraths HillNSWHouse$991,050$7504.10%
    South WindsorNSWHouse$840,000$6004.00%
    Mount VictoriaNSWHouse$750,000$5604.00%
    WarragambaNSWHouse$795,000$5203.90%
    RosehillNSWUnit$530,000$5486.20%
    Warwick FarmNSWUnit$435,000$4806.10%
    UltimoNSWUnit$752,500$7506.10%
    LakembaNSWUnit$446,000$5206.10%
    MascotNSWUnit$900,000$9506.00%

    The Sydney suburb with the highest rental yield for houses is Airds, at 4.1 per cent. Located in the MacArthur/Camden area, houses in Airds have a median sale price of $752,000 and a median weekly rent of $545.

    Rosehill, near Paramatta, has the highest rental yield for units at 6.2%. The median sale price for units is $530,000 and the median weekly rent is $548.

    Top 10 suburbs with the best rental yield in regional NSW

    SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
    Broken HillNSWHouse$201,000$34011.00%
    Lightning RidgeNSWHouse$335,000$30010.60%
    CobarNSWHouse$246,000$3309.60%
    Peak HillNSWHouse$243,000$3009.00%
    CondobolinNSWHouse$240,000$3008.90%
    SconeNSWUnit$307,000$4106.90%
    ThurgoonaNSWUnit$323,750$4106.60%
    MuswellbrookNSWUnit$300,000$3806.50%
    South GraftonNSWUnit$257,500$3506.20%
    AberdeenNSWUnit$335,000$2506.10%

    The far west town of Broken Hill tops the list for best rental yield for houses in regional NSW, sitting at 11.0 per cent. The median sale price for a house in Broken Hill is $201,000 and the median weekly rent is $340.

    For units, Scone in the northern Hunter region has the highest yield at 6.9 per cent. The median sale price for a unit is $307,000 and the median weekly rent is $410.

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  • Suburbs with the best rental yield in Brisbane and regional QLD

    Top 10 suburbs with the best rental yield in Brisbane

    SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
    NewsteadQLDHouse$865,250$7506.70%
    Russell IslandQLDHouse$399,500$4205.40%
    Macleay IslandQLDHouse$435,000$4585.30%
    EaglebyQLDHouse$645,000$5204.90%
    Coochiemudlo IslandQLDHouse$575,000$5004.90%
    MeadowbrookQLDUnit$415,000$2456.40%
    Spring HillQLDUnit$550,000$6006.30%
    Logan CentralQLDUnit$367,500$4006.20%
    WoodridgeQLDUnit$384,300$4006.20%
    CabooltureQLDUnit$350,000$4206.10%

    Located in the Brisbane CBD, Newstead has the highest rental yield of 6.7 per cent for houses with a median sale price of $865,250 and a median weekly rent of $750.

    Meadowbrook in Logan tops the list for units with a rental yield of 4.9 per cent. The median sale price of a unit is $575,000 with a median weekly rent of $245.

    Top 10 suburbs with the best rental yield in regional QLD 

    SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
    ScottvilleQLDHouse$169,500$32012.70%
    CollinsvilleQLDHouse$176,000$39012.30%
    CharlevilleQLDHouse$185,000$28511.30%
    BarcaldineQLDHouse$300,000$32010.50%
    DysartQLDHouse$222,500$40010.40%
    MiddlemountQLDUnit$160,000$35013.00%
    DysartQLDUnit$210,000$38512.10%
    Dolphin HeadsQLDUnit$155,000$37511.20%
    ClermontQLDUnit$185,000$30010.80%
    BucasiaQLDUnit$115,000$38010.50%

    Scottville, a small rural town in the Whitsunday Region heads the list for highest rental yield in regional Queensland at 12.7 per cent. The median sale price of a house is $169,500 and the median weekly rent is $320.

    Middlemount is another rural town in the Isaac Region of central Queensland. Middlemount has the highest rental yield for units at 13.0 per cent with a median sale price of $160,000 and median weekly rent of $350. 

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  • Suburbs with the best rental yield in Adelaide and regional SA

    Top 10 suburbs with the best rental yield in Adelaide 

    SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
    Elizabeth DownsSAHouse$502,500$4555.60%
    Elizabeth NorthSAHouse$485,000$4505.60%
    ElizabethSAHouse$545,000$3905.40%
    Davoren ParkSAHouse$495,000$4805.40%
    SmithfieldSAHouse$517,500$4805.30%
    Elizabeth ValeSAUnit$300,000$3506.60%
    SalisburySAUnit$361,000$4006.30%
    AdelaideSAUnit$500,000$5806.10%
    Munno ParaSAUnit$490,000$4605.90%
    BlakeviewSAUnit$455,000$4805.80%

    A northern suburb of Adelaide, Elizabeth Downs has the highest rental yield for houses with a yield of 5.6 per cent. The median sale price for a house is $502,500 and the median weekly rent is $455.

    The nearby Elizabeth Vale, has the highest rental yield for units at 6.6 per cent. The median sale price for a unit in Elizabeth Vale is $300,000 with a median weekly rent of $350.

    Top 10 suburbs with the best rental yield in regional SA

    SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
    Port Pirie WestSAHouse$232,500$3459.20%
    PeterboroughSAHouse$178,000$2508.90%
    SolomontownSAHouse$257,500$3508.60%
    Port AugustaSAHouse$235,000$3307.70%
    Roxby DownsSAHouse$270,000$3787.70%
    Roxby DownsSAUnit$113,750$3009.90%
    Port AugustaSAUnit$200,000$2559.20%
    Port Augusta WestSAUnit$341,000$2858.20%
    Whyalla PlayfordSAUnit$160,000$2706.80%
    Port LincolnSAUnit$320,000$3636.60%

    Port Pirie West is a suburb in the state's Mid North region, south of Port Augusta. At 9.2 per cent, Port Pirie West tops the list for the highest rental yield for houses with a median sale price of $232,500 and median weekly rent of $345.

    Roxby Downs, a rural town in the centre of South Australia, has the highest rental yield for units at 9.9 per cent. Units in Roxby Downs have a median sale price of $113,750 and a median weekly rent of $255. 

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  • Suburbs with the best rental yield in Melbourne and regional VIC

    Top 10 suburbs with the best rental yield in Melbourne

    SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
    CoolarooVICHouse$545,000$4854.90%
    DallasVICHouse$545,000$5004.70%
    NorlaneVICHouse$470,000$3854.70%
    CampbellfieldVICHouse$612,500$5154.60%
    Meadow HeightsVICHouse$583,500$5004.60%
    CarltonVICUnit$447,500$5257.80%
    MelbourneVICUnit$490,000$6507.40%
    Notting HillVICUnit$392,500$5506.60%
    TravancoreVICUnit$383,000$5056.60%
    West MelbourneVICUnit$520,000$6006.20%

    Coolaroo, a suburb around 17 kilometres north of the CBD, has the highest rental yield for houses in Melbourne at 4.9 per cent. The median house sale price in Coolaroo is $545,000 and the median weekly rent is $485.

    In the bustling inner-city suburb of Carlton, units have the highest median rental yield with a return of 7.8 per cent. Units in Carlton have a median sale price of $447,500 and a median weekly rent of $525. 

    Top 10 suburbs with the best rental yield in regional VIC

    SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
    OuyenVICHouse$250,000$3208.80%
    WarracknabealVICHouse$320,000$3208.70%
    RochesterVICHouse$360,000$5007.80%
    DimboolaVICHouse$269,000$3357.60%
    NhillVICHouse$165,000$3107.40%
    EchucaVICUnit$481,250$1,3037.20%
    PortlandVICUnit$292,500$3856.50%
    NumurkahVICUnit$230,000$3006.20%
    HamiltonVICUnit$275,000$3306.10%
    MilduraVICUnit$316,500$3606.00%

    The rural town of Ouyen, about 100 kilometres south of Mildura, has the highest rental yield for houses in regional Victoria at 8.8 per cent. The median sale price for a house is $250,000 and the median weekly rent is $320.

    Northeast of Bendigo, Echuca has the best rental yields for units at 7.2%. The median sale price for units in Echuca is $481,250 and the median weekly rent is $1,303.

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  • Suburbs with the best rental yield in Perth and regional WA

    Top 10 suburbs with the best rental yield in Perth 

    SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
    KwinanaWAHouse$562,500$5506.50%
    MandogalupWAHouse$750,000$7206.30%
    MidvaleWAHouse$542,000$6506.10%
    CalistaWAHouse$523,000$5106.00%
    MedinaWAHouse$535,000$5006.00%
    ParmeliaWAUnit$260,000$4108.50%
    OreliaWAUnit$291,000$4208.50%
    BertramWAUnit$395,000$4507.90%
    ThornlieWAUnit$356,000$5507.30%
    WellardWAUnit$437,500$5307.20%

    The beachside suburb of Kwinana, south of Perth's city centre, has the highest house rental yield at 6.5 per cent. A house in Kwinana sells for a median of $562,500 and the median weekly rent is $550.

    The neighbouring suburb of Parmelia tops the list for the highest unit rental yield at 8.5 per cent. The median sale price for a unit in Parmelia is $260,000 and the median weekly rent is $410.

    Top 10 suburbs with the best rental yield in regional WA

    SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
    CoolgardieWAHouse$129,000$40013.50%
    Kambalda EastWAHouse$150,000$36013.40%
    DerbyWAHouse$210,000$43012.30%
    Kambalda WestWAHouse$176,000$38012.10%
    NewmanWAHouse$333,500$65012.00%
    NewmanWAUnit$188,000$45013.30%
    Pegs CreekWAUnit$405,000$97512.80%
    BayntonWAUnit$458,500$1,25012.70%
    BulgarraWAUnit$280,000$61511.50%
    Port HedlandWAUnit$512,500$81311.40%

    Located more than 500 kilometres east of Perth, the small town of Coolgardie has the highest rental yield for regional WA houses at 13.5 per cent. The median sale price for Coolgardie houses is $129,000 and the median weekly rent is $400.

    The data puts Newman, a town in the Pilbara region of Western Australia, at the top of the list for unit yields at 13.3 per cent. The median unit sale price is $188,000 and the median weekly rent is $450.

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  • Suburbs with the best rental yield in NT

    Top 10 suburbs with the best rental yield in NT 

    SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
    Tennant CreekNTHouse$270,000$44010.90%
    BerrimahNTHouse$645,000$8808.90%
    KatherineNTHouse$365,000$5008.40%
    Katherine EastNTHouse$190,000$5508.30%
    GillenNTHouse$470,000$5737.60%
    AlawaNTUnit$272,000$40810.00%
    KaramaNTUnit$272,500$4509.70%
    KatherineNTUnit$227,500$3909.00%
    BakewellNTUnit$282,500$4508.80%
    MalakNTUnit$265,000$4108.60%

    Sitting right in the middle of the Northern Territory, the town of Tennant Creek has the NT’s highest rental yield for houses at 10.9 per cent. Houses in Tennant Creek have a median sale price of $270,000 and a median weekly rent of $440.

    Up in Darwin's north, Alawa tops the list for best unit rental yields at 10.0 per cent. Units in Alawa sell for a median price of $272,000 and the median weekly rent is $408.

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  • Suburbs with the best rental yield in TAS

    Top 10 suburbs with the best rental yield in TAS

    SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
    RoseberyTASHouse$180,000$2509.90%
    ZeehanTASHouse$195,000$3008.90%
    QueenstownTASHouse$175,000$3008.90%
    RavenswoodTASHouse$361,500$4006.40%
    MayfieldTASHouse$340,000$3905.90%
    HadspenTASUnit$490,000$3506.10%
    NewnhamTASUnit$440,000$3805.80%
    BridgewaterTASUnit$390,000$4005.70%
    South LauncestonTASUnit$492,500$4005.60%
    MowbrayTASUnit$412,000$4105.50%

    Rosebery, located in the West Coast region, has Tasmania’s highest rental yield for houses at 9.9 per cent. The median sale price for a house in Rosebery is $180,000 and the median weekly rent is $250.

    The Launceston-adjacent town of Hadspen tops the list for the highest unit rental yield at 6.1 per cent. Hadspen units have a median sale price of $490,000 and a median weekly rent of $350.

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Want to know more about the Sydney property market?

Get the latest data, insights, trends and forecasts for the Sydney property market.

sydney property market trends

Where is this data from? 

The data is collected from CoreLogic. Data reflects December 2023 to November 2024 period and suburbs must have at least 30 sales and 30 rental listings in the last 12 months to be included in the list. 

Median sale price: The median sale price of all transactions recorded during the last 3-month period.

Median rent: The middle value of advertised weekly rents captured by CoreLogic during the 12 month period

Rental yield: The CoreLogic AVM rental yield is calculated at the geography and is based on the annualised rent (Median Asking Rent x 52 (weeks)), divided by the median AVM of those properties advertised for rent.

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Frequently asked questions about rental yield and property investment

  • What is a good rental yield?

    What is considered good net rental yield really depends on your strategy and where you plan to buy. A good rental yield in a capital city can be anywhere between 3-10%, but again, it depends on the city you’re buying in. Read our article to find out more.


     

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  • What is a good rental yield in Sydney?

    The average gross rental yield in Sydney for houses is around 2.6% and 3.9% for units, so any yield above 4% is considered very good.


     

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  • What is a good rental yield in Melbourne?

    Melbourne has an average gross rental yield of 2.95% for houses and 4.38% for units, so a yield of 5% or above is considered good.


     

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  • What are the highest yielding properties?

    This depends on a range of factors, including the location of your property and whether there is a high demand for similar properties in the area. Properties in great school zones, close to amenities, or even in regional locations that experienced a positive uplift in migration due to covid will generally yield higher returns.


     

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  • What does yield mean in real estate?

    Real estate yield refers to the measurement of the future income of a property. It is usually calculated as an annual percentage, based on the property’s cost or market value. There are two types of yield: gross rental yield, which is income on an investment prior to any expenses being deducted, and net rental yield, which is after expenses have been deducted.


     

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  • What is a good rental yield in Brisbane?

    With an average gross rental yield of 4.02%, any rental yield above 5% is considered good in Brisbane.


     

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