2021 | Suburbs with the highest rental yield in Australia revealed
If you’re looking to invest in property in 2021, 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.
Where is this data from?
The data is collected from CoreLogic. Data reflects January to December 2020 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.