2026 | Suburbs with the highest rental yield in Australia revealed
If you are looking to invest in property in 2026, it is worth understanding rental yield before you weigh up a purchase.
Rental yield is the annual income generated from rent as a percentage of the property's value. A higher yield means more rental income relative to what the property costs to buy.
The return you can expect is shaped by the location of the property, the type of property, the condition of the property, and supply and demand in the local market.
We have compiled the suburbs with the highest gross rental yield in each capital city and each state's regional areas, five houses and five apartments for each region where the data supports both, on Domain data for the 12 months to June 2026.
For context, the national gross rental yield sat at 3.8 per cent in August 2026, ranging from 3.3 per cent in Sydney to 6.3 per cent in Darwin, according to Cotality.
Helpful resource: Get a suburb profile for any suburb in Australia
Suburbs with the best rental yield in Sydney and Regional NSW
Top 10 suburbs with the best rental yield in Sydney
Sydney's highest rental yields are in the apartment market, where Haymarket leads at 6.6 per cent on a median sale price of $980,000 and a median weekly rent of $1,250.
Four of the five apartment markets have medians at or below $652,500, and Pendle Hill is the cheapest entry in the table at $500,000.
Houses cost more and return less. Pyrmont tops the house list at 4.1 per cent, and the two highest medians in the table, $1,659,000 in Woronora Heights and $1,608,000 in Pyrmont, are both house markets.
The two lists do not overlap: every apartment market here yields more than every house market.
Suburb State Property type Median sale price Median weekly rent Rental yield Pyrmont NSW House $1,608,000 $1,283 4.1% Macquarie Links NSW House $1,288,000 $1,000 4.0% Werrington NSW House $865,000 $650 3.9% Oxley Park NSW House $845,000 $625 3.8% Woronora Heights NSW House $1,659,000 $1,200 3.8% Haymarket NSW Apartment $980,000 $1,250 6.6% Sydney Olympic Park NSW Apartment $652,500 $810 6.5% Granville NSW Apartment $515,000 $630 6.4% Harris Park NSW Apartment $508,000 $600 6.1% Pendle Hill NSW Apartment $500,000 $590 6.1% Sydney's rental market remains incredibly tight, particularly in the city's western corridor and inner-city unit precincts.
Blacktown and Harris Park apartments are delivering strong results for investors, with yields exceeding 6.3 per cent and median sale prices remaining relatively affordable for the Sydney market at under $500,000.
For those looking at houses, Werrington and Bow Bowing are the top picks, though the entry price is significantly higher at over $830,000 for a median yield of 4.2 per cent.
High-end units in Haymarket also perform well; despite a median price of nearly $1 million, a weekly rent of $1,190 keeps the yield at a robust 6.3 per cent.
Top 10 suburbs with the best rental yield in regional NSW
House yields in regional NSW run well ahead of Sydney's, led by Coonamble at 9.4 per cent on a median sale price of $180,000, the lowest median in any table on this page.
All five house markets have medians at or below $308,000 and yields at or above 7.7 per cent, with weekly rents between $325 and $495.
The apartment list sits closer to metropolitan levels. Scone is highest at 6.7 per cent on a $367,500 median, and Singleton and Lismore both print 6.0 per cent, the lowest yields on the table.
Suburb State Property type Median sale price Median weekly rent Rental yield Coonamble NSW House $180,000 $325 9.4% Nyngan NSW House $225,000 $400 9.2% Wee Waa NSW House $308,000 $495 8.4% Dareton NSW House $260,000 $400 8.0% Broken Hill NSW House $250,000 $370 7.7% Scone NSW Apartment $367,500 $470 6.7% Crestwood NSW Apartment $347,500 $430 6.4% Wyong NSW Apartment $427,500 $515 6.3% Singleton NSW Apartment $430,000 $500 6.0% Lismore NSW Apartment $365,000 $420 6.0%  - https://sketch.com --%3e %3ctitle%3eicons / icon-chevron-down%3c/title%3e %3cdesc%3eCreated with Sketch.%3c/desc%3e %3cg id='icons-/-icon-chevron-down' stroke='none' stroke-width='1' fill='none' fill-rule='evenodd'%3e %3crect id='Icon-container' x='0' y='0' width='24' height='24'%3e%3c/rect%3e %3cpolygon id='Shape' fill='%2300AB55' points='12 14.3357864 5.20710678 7.54289322 3.79289322 8.95710678 12 17.1642136 20.2071068 8.95710678 18.7928932 7.54289322'%3e%3c/polygon%3e %3c/g%3e%3c/svg%3e)
Suburbs with the best rental yield in Melbourne and Regional VIC
Top 10 suburbs with the best rental yield in Melbourne
Melbourne carries the highest apartment yields of any capital city on this page.
The city centre suburb of Melbourne (postcode 3000) tops the list at 8.2 per cent, on a median sale price of $440,000 and a median weekly rent of $690. Caulfield East follows at 8.0 per cent on the lowest median in the table, $280,000.
Houses are a different proposition. Junction Village leads them at 4.5 per cent, and every house median in the table sits at or above $620,000.
Apartment yields here run from 6.8 to 8.2 per cent, with Southbank and Kensington both printing 6.8 per cent at the foot of the list.
Suburb State Property type Median sale price Median weekly rent Rental yield Junction Village VIC House $757,500 $650 4.5% Doveton VIC House $652,000 $550 4.4% Tyabb VIC House $815,000 $680 4.3% Jacana VIC House $630,000 $520 4.3% Dallas VIC House $620,000 $505 4.2% Melbourne VIC Apartment $440,000 $690 8.2% Caulfield East VIC Apartment $280,000 $430 8.0% Travancore VIC Apartment $370,000 $540 7.6% Southbank VIC Apartment $545,000 $710 6.8% Kensington VIC Apartment $480,000 $625 6.8% Top 10 suburbs with the best rental yield in regional VIC
Regional Victoria's house yields lead the state, with Warracknabeal highest at 7.4 per cent on a median sale price of $275,000 and a median weekly rent of $390.
Three of the five house markets have medians below $300,000: $275,000 in Warracknabeal, $262,000 in Nhill and $285,000 in Ouyen.
The apartment list is tightly grouped. Yields run from 5.6 to 5.8 per cent across all five, on medians between $297,500 and $361,000.
Hamilton carries both the highest apartment yield at 5.8 per cent and the lowest apartment median at $297,500.
Suburb State Property type Median sale price Median weekly rent Rental yield Warracknabeal VIC House $275,000 $390 7.4% Nhill VIC House $262,000 $340 6.7% East Bairnsdale VIC House $371,500 $475 6.6% Ouyen VIC House $285,000 $360 6.6% Kerang VIC House $325,000 $370 5.9% Hamilton VIC Apartment $297,500 $330 5.8% Cobram VIC Apartment $330,000 $360 5.7% Tatura VIC Apartment $340,000 $370 5.7% Maryborough VIC Apartment $330,000 $358 5.6% Sale VIC Apartment $361,000 $390 5.6% Suburbs with the best rental yield in Brisbane and Regional QLD
Top 10 suburbs with the best rental yield in Brisbane and the Gold Coast
This table covers Greater Brisbane and the Gold Coast together, because that is how the data is cut.
Jacobs Well tops the house list at 4.8 per cent, on a median sale price of $1,300,000 and a median weekly rent of $1,200. That median is the highest in the table.
The apartment list is more even. Four of the five print 5.3 per cent, in Ashmore, Brisbane City, South Brisbane and the Merrimac apartment market, with Fortitude Valley just behind on 5.2 per cent.
Merrimac appears on both lists: its houses return 4.5 per cent on a $997,500 median, and its apartments 5.3 per cent on $770,000.
Suburb State Property type Median sale price Median weekly rent Rental yield Jacobs Well QLD House $1,300,000 $1,200 4.8% Springbrook QLD House $900,000 $800 4.6% Merrimac QLD House $997,500 $870 4.5% Labrador QLD House $907,500 $775 4.4% Coombabah QLD House $960,000 $795 4.3% Ashmore QLD Apartment $652,500 $670 5.3% Brisbane City QLD Apartment $780,000 $800 5.3% South Brisbane QLD Apartment $780,000 $800 5.3% Merrimac QLD Apartment $770,000 $780 5.3% Fortitude Valley QLD Apartment $685,000 $680 5.2% Top 10 suburbs with the best rental yield in regional QLD
Regional Queensland holds the state's highest house yields. Collinsville and Middlemount both print 9.7 per cent.
Entry prices are low across the list. Every house market has a median at or below $295,000, and the highest weekly rent among them is $520 in Soldiers Hill.
Apartment yields run from 8.0 to 9.2 per cent, with Bucasia the highest of them. Laguna Quays carries the lowest median in the table at $225,000.
Several of these markets are built around mining and resources, where rents and values move with the resource cycle.
Suburb State Property type Median sale price Median weekly rent Rental yield Collinsville QLD House $246,000 $460 9.7% Middlemount QLD House $267,500 $500 9.7% Dysart QLD House $246,500 $450 9.5% Soldiers Hill QLD House $295,000 $520 9.2% Cloncurry QLD House $282,500 $475 8.7% Bucasia QLD Apartment $230,000 $408 9.2% Laguna Quays QLD Apartment $225,000 $390 9.0% Clermont QLD Apartment $226,000 $350 8.1% Moranbah QLD Apartment $388,000 $600 8.0% Port Douglas QLD Apartment $377,000 $580 8.0% Suburbs with the best rental yield in Adelaide and Regional SA
Top 10 suburbs with the best rental yield in Adelaide
Adelaide's house yields are led by Andrews Farm at 4.9 per cent, on a median sale price of $595,000 and a median weekly rent of $560.
All five house markets sit between 4.5 and 4.9 per cent, on medians from $563,000 in Elizabeth North to $650,000 in Eyre, and all five are in the city's north.
Apartments return more. Walkerville tops the list at 5.7 per cent, on a median sale price of $545,000 and a median weekly rent of $600.
The five apartment markets are closely grouped, from 5.1 to 5.7 per cent, on medians between $506,750 and $595,000.
Lightsview and Everard Park both print 5.1 per cent, the lowest on the apartment list, while the city centre suburb of Adelaide (postcode 5000) returns 5.2 per cent on the highest median in the table, $595,000.
Suburb State Property type Median sale price Median weekly rent Rental yield Andrews Farm SA House $595,000 $560 4.9% Munno Para West SA House $607,500 $560 4.8% Smithfield Plains SA House $602,000 $530 4.6% Elizabeth North SA House $563,000 $490 4.5% Eyre SA House $650,000 $560 4.5% Walkerville SA Apartment $545,000 $600 5.7% New Port SA Apartment $528,000 $550 5.4% Adelaide SA Apartment $595,000 $600 5.2% Lightsview SA Apartment $587,000 $580 5.1% Everard Park SA Apartment $506,750 $500 5.1% Top 10 suburbs with the best rental yield in regional SA
Regional South Australia is the one region where no apartment market met the inclusion threshold, so the table lists ten houses.
Ceduna leads at 8.1 per cent, on a median sale price of $285,000 and a median weekly rent of $445.
Three of the ten entries sit in the Port Pirie area: Solomontown at 7.1 per cent, Port Pirie West at 6.8 and Port Pirie South at 6.2.
Yields across the ten run from 8.1 down to 5.7 per cent, on medians between $232,500 in Peterborough and $370,000 in Bordertown.
Suburb State Property type Median sale price Median weekly rent Rental yield Ceduna SA House $285,000 $445 8.1% Peterborough SA House $232,500 $350 7.8% Roxby Downs SA House $260,000 $380 7.6% Solomontown SA House $292,000 $400 7.1% Port Pirie West SA House $305,000 $400 6.8% Jamestown SA House $315,000 $380 6.3% Port Pirie South SA House $350,000 $420 6.2% Whyalla Norrie SA House $295,000 $330 5.8% Bordertown SA House $370,000 $410 5.8% Port Augusta SA House $328,278 $360 5.7% Suburbs with the best rental yield in Perth and Regional WA
Top 10 suburbs with the best rental yield in Perth
Perth's house list is tightly grouped. Midvale leads it at 5.5 per cent, on a median sale price of $670,000 and a median weekly rent of $710.
All five house markets sit between 5.0 and 5.5 per cent, on medians from $642,000 to $782,888.
Apartments return more. Ascot tops the list at 6.4 per cent, and the Perth city centre (postcode 6000), Northbridge and Beckenham all print 6.3 per cent.
Glendalough is the cheapest entry in the table at $500,000, on a median weekly rent of $600 for a 6.2 per cent yield.
Suburb State Property type Median sale price Median weekly rent Rental yield Midvale WA House $670,000 $710 5.5% Koongamia WA House $642,000 $650 5.3% Hammond Park WA House $757,500 $755 5.2% Kwinana Town Centre WA House $656,000 $650 5.2% Cannington WA House $782,888 $750 5.0% Ascot WA Apartment $610,000 $755 6.4% Perth WA Apartment $620,000 $750 6.3% Northbridge WA Apartment $620,000 $750 6.3% Beckenham WA Apartment $540,000 $650 6.3% Glendalough WA Apartment $500,000 $600 6.2% Top 10 suburbs with the best rental yield in regional WA
The highest yields on this page are in the Pilbara. Newman and South Hedland apartments both print 14.1 per cent, Newman on a median sale price of $225,000 against a median weekly rent of $610, and South Hedland on $310,000 against $838.
The house list is led by three markets on 10.9 per cent, the highest house yields on this page: Baynton, Tom Price and Coolgardie. Their medians are very different, at $860,000, $765,000 and $225,000.
Pegs Creek appears on both lists, its houses at 10.4 per cent on a $650,000 median and its apartments at 10.2 per cent on $613,800.
These are resource-region markets, where rents and values move with the mining cycle.
Suburb State Property type Median sale price Median weekly rent Rental yield Baynton WA House $860,000 $1,800 10.9% Tom Price WA House $765,000 $1,600 10.9% Coolgardie WA House $225,000 $470 10.9% Kambalda East WA House $190,000 $380 10.4% Pegs Creek WA House $650,000 $1,300 10.4% Newman WA Apartment $225,000 $610 14.1% South Hedland WA Apartment $310,000 $838 14.1% Bulgarra WA Apartment $326,250 $750 12.0% Port Hedland WA Apartment $409,168 $800 10.2% Pegs Creek WA Apartment $613,800 $1,200 10.2% Suburbs with the best rental yield in TAS
Top 10 suburbs with the best rental yield in TAS
Tasmania's highest house yields are on the west coast, in Zeehan at 7.9 per cent and Queenstown at 7.4 per cent.
They are also the two cheapest entries in the table, at $234,000 and $220,000 respectively.
The apartment list is led by East Devonport at 6.3 per cent on a $343,000 median, with Longford and Legana both on 5.2 per cent.
The two lists are close together. House yields run from 5.3 to 7.9 per cent, apartments from 5.2 to 6.3 per cent.
Suburb State Property type Median sale price Median weekly rent Rental yield Zeehan TAS House $234,000 $355 7.9% Queenstown TAS House $220,000 $315 7.4% Railton TAS House $385,000 $435 5.9% Campbell Town TAS House $435,000 $450 5.4% Strahan TAS House $360,000 $370 5.3% East Devonport TAS Apartment $343,000 $415 6.3% South Launceston TAS Apartment $377,750 $440 6.1% New Town TAS Apartment $425,000 $488 6.0% Longford TAS Apartment $502,000 $500 5.2% Legana TAS Apartment $555,000 $550 5.2% Suburbs with the best rental yield in NT
Top 10 suburbs with the best rental yield in NT
The Northern Territory is not split between metropolitan and regional in this data, so Darwin, Katherine and Alice Springs suburbs sit in the same table.
Katherine South tops the house list at 9.0 per cent, on a median sale price of $290,000 and a median weekly rent of $500. It is the only house market here above 8 per cent.
Apartment yields are more even. Gray and The Gap both print 8.3 per cent, and none of the five falls below 7.7 per cent.
Larapinta appears on both lists, its houses at 7.9 per cent on a $402,000 median and its apartments at 8.1 per cent on $310,000.
Suburb State Property type Median sale price Median weekly rent Rental yield Katherine South NT House $290,000 $500 9.0% Larapinta NT House $402,000 $610 7.9% Katherine NT House $402,000 $600 7.8% Katherine East NT House $411,250 $610 7.7% Sadadeen NT House $420,000 $620 7.7% Gray NT Apartment $337,000 $540 8.3% The Gap NT Apartment $247,000 $395 8.3% Larapinta NT Apartment $310,000 $480 8.1% Larrakeyah NT Apartment $450,000 $690 8.0% Karama NT Apartment $347,500 $515 7.7% Suburbs with the best rental yield in Canberra
Top 10 suburbs with the best rental yield in Canberra
Canberra's apartment yields sit well above its houses. Curtin leads at 7.0 per cent, on a median sale price of $366,000 and a median weekly rent of $493.
All five apartment markets print 6.5 per cent or more, on medians between $360,000 and $416,500.
The house list is flat by comparison. Belconnen, Greenway and Coombs all return 4.8 per cent, with Wright and Moncrieff on 4.7 per cent.
House medians run from $644,000 in Belconnen to $830,000 in Wright, against apartment medians that stay below $420,000 across the board.
Suburb State Property type Median sale price Median weekly rent Rental yield Belconnen ACT House $644,000 $600 4.8% Greenway ACT House $725,000 $675 4.8% Coombs ACT House $753,000 $700 4.8% Wright ACT House $830,000 $750 4.7% Moncrieff ACT House $764,000 $690 4.7% Curtin ACT Apartment $366,000 $493 7.0% Franklin ACT Apartment $416,500 $550 6.9% Hawker ACT Apartment $375,000 $495 6.9% Lyons ACT Apartment $360,000 $470 6.8% Holt ACT Apartment $413,000 $520 6.5%
Where is this data from?
The data is collected from Domain and covers the 12 months from 1 July 2025 to 30 June 2026. Suburbs are included only if they recorded at least 10 sales and at least 10 weekly rent records in that period, and a small number of suburbs were excluded where the median sale price appeared to be in error.
Median sale price: The median of all sales recorded during the 12-month period.
Median rent: The middle value of advertised weekly rents captured by Domain during the 12-month period.
Rental yield: Calculated as median asking rent multiplied by 52 weeks, divided by median sale price.
Frequently asked questions about rental yield and property investment
What is a good rental yield?
What counts as a good rental yield depends on your strategy and where you are buying. Gross rental yields on capital city dwellings ranged from 3.3 per cent in Sydney to 6.3 per cent in Darwin in August 2026, according to Cotality, so a figure that looks strong in one city is average in another. Read our article to find out more.
What is a good rental yield in Sydney?
The average gross rental yield in Sydney is 2.9 per cent for houses and 4.4 per cent for units, so any yield above 5 per cent is considered very good.
What is a good rental yield in Melbourne?
Melbourne has an average gross rental yield of 3.5 per cent for houses and 5.1 per cent for units, so a yield of 6 per cent or above is considered good.
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 in regional locations will generally yield higher returns.
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.
What is a good rental yield in Brisbane?
Brisbane's average gross rental yield is 3.4 per cent across dwellings, 3.3 per cent for houses and 4.1 per cent for units, so any rental yield above 5 per cent is considered good.
