2024 | Suburbs with the highest rental yield in Australia revealed
If you’re looking to invest in property in 2024, 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, condition of the property, as well as supply and demand in the market.
We’ve compiled a list of 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
Suburbs with the best rental yield in Sydney and Regional NSW
Suburbs with the best rental yield in Brisbane and regional QLD
Suburbs with the best rental yield in Adelaide and regional SA
Suburbs with the best rental yield in Melbourne and regional VIC
Suburbs with the best rental yield in Perth and regional WA
Suburbs with the best rental yield in NT
Suburbs with the best rental yield in TAS
Where is this data from?
The data is collected from CoreLogic. Data reflects October 2022 to October 2023 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.
What is a good rental yield in Australia?
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.
What is a good rental yield in Sydney?
What is a good rental yield in Melbourne?
Frequently asked questions about rental yield and property investment
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