2025 | Suburbs with the highest rental yield in Australia revealed
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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.
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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
Suburb State Property type Median sale price Median weekly rent Rental yield Greenway ACT House $621,000 $530 5.40% Belconnen ACT House $650,500 $550 4.80% Charnwood ACT House $715,000 $578 4.70% Holt ACT House $770,000 $615 4.50% Banks ACT House $743,000 $620 4.40% Gungahlin ACT Unit $450,000 $535 6.20% Curtin ACT Unit $385,000 $485 6.00% Hawker ACT Unit $402,500 $500 5.90% Belconnen ACT Unit $470,000 $540 5.80% Hughes ACT Unit $330,000 $400 5.80% 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
Suburb State Property type Median sale price Median weekly rent Rental yield Airds NSW House $752,500 $545 4.10% Mcgraths Hill NSW House $991,050 $750 4.10% South Windsor NSW House $840,000 $600 4.00% Mount Victoria NSW House $750,000 $560 4.00% Warragamba NSW House $795,000 $520 3.90% Rosehill NSW Unit $530,000 $548 6.20% Warwick Farm NSW Unit $435,000 $480 6.10% Ultimo NSW Unit $752,500 $750 6.10% Lakemba NSW Unit $446,000 $520 6.10% Mascot NSW Unit $900,000 $950 6.00% 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
Suburb State Property type Median sale price Median weekly rent Rental yield Broken Hill NSW House $201,000 $340 11.00% Lightning Ridge NSW House $335,000 $300 10.60% Cobar NSW House $246,000 $330 9.60% Peak Hill NSW House $243,000 $300 9.00% Condobolin NSW House $240,000 $300 8.90% Scone NSW Unit $307,000 $410 6.90% Thurgoona NSW Unit $323,750 $410 6.60% Muswellbrook NSW Unit $300,000 $380 6.50% South Grafton NSW Unit $257,500 $350 6.20% Aberdeen NSW Unit $335,000 $250 6.10% 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.
Suburbs with the best rental yield in Brisbane and regional QLD
Top 10 suburbs with the best rental yield in Brisbane
Suburb State Property type Median sale price Median weekly rent Rental yield Newstead QLD House $865,250 $750 6.70% Russell Island QLD House $399,500 $420 5.40% Macleay Island QLD House $435,000 $458 5.30% Eagleby QLD House $645,000 $520 4.90% Coochiemudlo Island QLD House $575,000 $500 4.90% Meadowbrook QLD Unit $415,000 $245 6.40% Spring Hill QLD Unit $550,000 $600 6.30% Logan Central QLD Unit $367,500 $400 6.20% Woodridge QLD Unit $384,300 $400 6.20% Caboolture QLD Unit $350,000 $420 6.10% 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
Suburb State Property type Median sale price Median weekly rent Rental yield Scottville QLD House $169,500 $320 12.70% Collinsville QLD House $176,000 $390 12.30% Charleville QLD House $185,000 $285 11.30% Barcaldine QLD House $300,000 $320 10.50% Dysart QLD House $222,500 $400 10.40% Middlemount QLD Unit $160,000 $350 13.00% Dysart QLD Unit $210,000 $385 12.10% Dolphin Heads QLD Unit $155,000 $375 11.20% Clermont QLD Unit $185,000 $300 10.80% Bucasia QLD Unit $115,000 $380 10.50% 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.
Suburbs with the best rental yield in Adelaide and regional SA
Top 10 suburbs with the best rental yield in Adelaide
Suburb State Property type Median sale price Median weekly rent Rental yield Elizabeth Downs SA House $502,500 $455 5.60% Elizabeth North SA House $485,000 $450 5.60% Elizabeth SA House $545,000 $390 5.40% Davoren Park SA House $495,000 $480 5.40% Smithfield SA House $517,500 $480 5.30% Elizabeth Vale SA Unit $300,000 $350 6.60% Salisbury SA Unit $361,000 $400 6.30% Adelaide SA Unit $500,000 $580 6.10% Munno Para SA Unit $490,000 $460 5.90% Blakeview SA Unit $455,000 $480 5.80% 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
Suburb State Property type Median sale price Median weekly rent Rental yield Port Pirie West SA House $232,500 $345 9.20% Peterborough SA House $178,000 $250 8.90% Solomontown SA House $257,500 $350 8.60% Port Augusta SA House $235,000 $330 7.70% Roxby Downs SA House $270,000 $378 7.70% Roxby Downs SA Unit $113,750 $300 9.90% Port Augusta SA Unit $200,000 $255 9.20% Port Augusta West SA Unit $341,000 $285 8.20% Whyalla Playford SA Unit $160,000 $270 6.80% Port Lincoln SA Unit $320,000 $363 6.60% 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.
Suburbs with the best rental yield in Melbourne and regional VIC
Top 10 suburbs with the best rental yield in Melbourne
Suburb State Property type Median sale price Median weekly rent Rental yield Coolaroo VIC House $545,000 $485 4.90% Dallas VIC House $545,000 $500 4.70% Norlane VIC House $470,000 $385 4.70% Campbellfield VIC House $612,500 $515 4.60% Meadow Heights VIC House $583,500 $500 4.60% Carlton VIC Unit $447,500 $525 7.80% Melbourne VIC Unit $490,000 $650 7.40% Notting Hill VIC Unit $392,500 $550 6.60% Travancore VIC Unit $383,000 $505 6.60% West Melbourne VIC Unit $520,000 $600 6.20% 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
Suburb State Property type Median sale price Median weekly rent Rental yield Ouyen VIC House $250,000 $320 8.80% Warracknabeal VIC House $320,000 $320 8.70% Rochester VIC House $360,000 $500 7.80% Dimboola VIC House $269,000 $335 7.60% Nhill VIC House $165,000 $310 7.40% Echuca VIC Unit $481,250 $1,303 7.20% Portland VIC Unit $292,500 $385 6.50% Numurkah VIC Unit $230,000 $300 6.20% Hamilton VIC Unit $275,000 $330 6.10% Mildura VIC Unit $316,500 $360 6.00% 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.
Suburbs with the best rental yield in Perth and regional WA
Top 10 suburbs with the best rental yield in Perth
Suburb State Property type Median sale price Median weekly rent Rental yield Kwinana WA House $562,500 $550 6.50% Mandogalup WA House $750,000 $720 6.30% Midvale WA House $542,000 $650 6.10% Calista WA House $523,000 $510 6.00% Medina WA House $535,000 $500 6.00% Parmelia WA Unit $260,000 $410 8.50% Orelia WA Unit $291,000 $420 8.50% Bertram WA Unit $395,000 $450 7.90% Thornlie WA Unit $356,000 $550 7.30% Wellard WA Unit $437,500 $530 7.20% 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
Suburb State Property type Median sale price Median weekly rent Rental yield Coolgardie WA House $129,000 $400 13.50% Kambalda East WA House $150,000 $360 13.40% Derby WA House $210,000 $430 12.30% Kambalda West WA House $176,000 $380 12.10% Newman WA House $333,500 $650 12.00% Newman WA Unit $188,000 $450 13.30% Pegs Creek WA Unit $405,000 $975 12.80% Baynton WA Unit $458,500 $1,250 12.70% Bulgarra WA Unit $280,000 $615 11.50% Port Hedland WA Unit $512,500 $813 11.40% 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.
Suburbs with the best rental yield in NT
Top 10 suburbs with the best rental yield in NT
Suburb State Property type Median sale price Median weekly rent Rental yield Tennant Creek NT House $270,000 $440 10.90% Berrimah NT House $645,000 $880 8.90% Katherine NT House $365,000 $500 8.40% Katherine East NT House $190,000 $550 8.30% Gillen NT House $470,000 $573 7.60% Alawa NT Unit $272,000 $408 10.00% Karama NT Unit $272,500 $450 9.70% Katherine NT Unit $227,500 $390 9.00% Bakewell NT Unit $282,500 $450 8.80% Malak NT Unit $265,000 $410 8.60% 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.
Suburbs with the best rental yield in TAS
Top 10 suburbs with the best rental yield in TAS
Suburb State Property type Median sale price Median weekly rent Rental yield Rosebery TAS House $180,000 $250 9.90% Zeehan TAS House $195,000 $300 8.90% Queenstown TAS House $175,000 $300 8.90% Ravenswood TAS House $361,500 $400 6.40% Mayfield TAS House $340,000 $390 5.90% Hadspen TAS Unit $490,000 $350 6.10% Newnham TAS Unit $440,000 $380 5.80% Bridgewater TAS Unit $390,000 $400 5.70% South Launceston TAS Unit $492,500 $400 5.60% Mowbray TAS Unit $412,000 $410 5.50% 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.
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.
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.
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.
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.
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.
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?
With an average gross rental yield of 4.02%, any rental yield above 5% is considered good in Brisbane.
