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Best Suburbs in Australia to Get the Highest Rent

If you’re planning to invest in real estate, you’ll need to know about rental yield in order to receive a high return on your money.

The annual revenue earned through rent expressed as a proportion of the property’s value is known as rental yield. A higher rental yield suggests stronger income flow, which may be advantageous when deciding on property investment.

The amount of rental return you may expect is governed by a variety of factors, including the property’s location, kind, and condition, as well as market supply and demand.

Best Suburbs in Australia to Get the Highest Rent

In each state and area of Australia, we’ve prepared a list of the top suburbs with the greatest gross rental yield. Take a peek at the list to see which suburbs came out on top.

Highest rental yield suburbs Australia-wide

Australia’s highest gross rental (houses) – suburb, state, median value, median weekly rent, gross rental yield include:

S.NoSuburbMedian Sale PriceMedian Weekly RentRental Yield
1.Dysart  $148,500$29011.5%
2.Broken Hill$139,500$26010.80%
3.South Hedland$360,000$5758.73%
4.Townview$300,000$37010.9%
5.Newman$360,000$57510.3%
6.Mount Morgan$125,000$25010.57%
7.Merredin$150,000$3509.71%
8.Rangeway$118,500$2509.9%
9.Nhill$180,000$2309.7%
10.Monto$132,000$2209.3%

New South Wales, Top 10 suburbs for gross rental yields (Houses)

S.NoSuburbMedian Sale PriceMedian Weekly PriceRental Yield
1.Broken Hill$139,500$26010.80%
2.Wellington$202,500$3308.8%
3.Cobar$185,000$2608.7%
4.Condobolin$210,000$2508.3%
5.Moree$295,000$3008.0%
6.Narrandera$230,000$2937.6%
7.Finely$220,000$2637.6%
8.Narromine$277,500$3257.3%
9.Quirindi$265,000$3006.9%
10.Denilquin$270,000$2906.9%

Victoria, Top 10 suburbs for gross rental yields (Houses)

S.NoSuburbMedian Sale PriceMedian Weekly RentRental Yield
1.Nhill$180,000$2309.7%
2.Stawell$270,000$3007.5%
3.Kerang$242,000$2607.3%
4.Morwell$262,000$2907.2%
5.Ventnor$862,000$8557.2%
6.Ararat$295,000$3007.1%
7.Hamilton$330,000$3307.0%
8.Churchill$295,000$3056.8%
9.Moe$295,000$3006.8%
10.Portland$360,000$3606.5%

ACT, Top 10 suburbs for gross rental yields (Houses)

S.NoSuburbMedian Sale PriceMedian Weekly PriceRental Yield
1.Macgregor$750,000$5605%
2.Holt$720,000$5605%
3.Wanniassa$805,000$5904.9%
4.Calwell$759,500$6004.9%
5.Dunlop$756,000$6004.9%
6.Moncrieff$852,500$7004.9%
7.Isabella Plains$710,000$5504.9%
8.Ngunnawal$705,000$5504.8%
9.Melba$797,500$6004.8%
10.Gordon$765,500$5584.8%

Queensland, Top 10 suburbs for gross rental yields (Houses)

S.NoSuburbMedian Sale PriceMedian Weekly PriceRental Yield
1.Dysart$148,500$29011.5%
2.Townview$300,000$37010.9%
3.Mount Morgan$125,000$25010.57%
4.Monto$132,000$2209.3%
5.Sunset$290,000$3709.2%
6.Blackwater$149,250$3008.9%
7.Charleville$115,000$2208.7%
8.Cloncurry$205,000$3208.4%
9.Moranbah$299,500$4408.2%
10.Homehill$140,000$2657.7%

Tasmania, Top 10 suburbs for gross rental yields (Houses)

S.NoSuburbMedian Sale PriceMedian Weekly PriceRental Yield
1.Smithton$289,500$3007.1%
2.George Town$295,000$3107.0%
3.Bridgewater$362,500$3887.0%
4.Ravenswood$270,000$3106.7%
5.East Devonport$345,000$3086.4%
6.Risdon Vale$399,500$4206.3%
7.New Norfolk$420,000$4006.1%
8.Mowbray$395,000$3506.0%
9.Rokeby$498,000$4485.8%
10.Newnham$414,000$3805.8%

Western Australia, Top 10 suburbs for gross rental yields (Houses)

S.NoSuburbMedian Sale PriceMedian Weekly PriceRental Yield
1.South Hedland$360,500$57510.9%
2.Newman$336,000$57510.6%
3.Merredin$150,000$30010.0%
4.Rangeway$118,500$2509.9%
5.Boulder$244,500$3739.0%
6.Narrogin$185,000$2808.3%
7.Collie$210,000$3108.2%
8.Port Hedland$600,000$8507.9%
9.Baynton$600,000$9507.7%
10.Katanning$200,000$2507.6%

Northern Territory, Top 10 suburbs for gross rental yields (Houses)

S.NoSuburbMedian Sale PriceMedian Weekly PriceRental Yield
1.Zuccoli$501,000$6007.3%
2.Gillen$465,000$5506.6%
3.Braitling$475,000$5806.6%
4.Karama$435,000$5005.8%
5.Woodroffe$420,000$5005.7%
6.Humpty Doo$320,000$5505.4%
7.Gunn$490,000$5505.4%
8.Rosebery$550,000$5805.4%
9.Muirhead$594,000$6805.3%
10.Lyons$650,000$7505.3%

South Australia, Top 10 suburbs for gross rental yields (Houses)

S.NoSuburbMedian Sale PriceMedian Weekly PriceRental Yield
1.Port Pirie West$115,000$2409.1%
2.Bordertown$185,000$1908.7%
3.Risdon Park$185,000$2608.1%
4.Elizabeth North$208,000$2808.0%
5.Elizabeth South$210,000$2807.9%
6.Elizabeth Downs$197,000$2637.9%
7.Davoren Park$170,000$2607.8%
8.Port Augusta$160,500$2907.8%
9.Jamestown$145,000$2407.6%
10.Whyalla Norrie$163,000$2507.5%

Some of the figures above may surprise you. The barriers for entry into the Australian Real Estate Market may not be as high as you think. If you have a lower budget but wanting a house, think about potentially buying one of the above properties to renovate and rent out while you build your portfolio to live in the area you desire!

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