Highest rental yield suburbs in Australia
The top 25 suburbs in Australia by gross rental yield, ranked separately for houses and units. Gross yield is a year's median rent as a share of the median price. A suburb is ranked only when it has at least 10 sales of that dwelling type in the past year and a median price and rent that independent evidence agrees on, so a figure built from a handful of listings cannot top the table.
Highest rental yield suburbs in Australia: houses
Gross yield on the median house price and median weekly house rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | Pegs CreekWA 6714 | 9.4% | $655,000 | $1,400/wk |
| 2 | DysartQLD 4745 | 9.4% | $250,000 | $450/wk |
| 3 | Kambalda WestWA 6442 | 9.2% | $245,000 | $400/wk |
| 4 | BulgarraWA 6714 | 9.2% | $730,000 | $1,200/wk |
| 5 | MallacootaVIC 3892 | 9.1% | $540,000 | $1,870/wk |
| 6 | CooktownQLD 4895 | 9.0% | $460,000 | $800/wk |
| 7 | MorningtonQLD 4825 | 8.8% | $305,000 | $510/wk |
| 8 | Soldiers HillQLD 4825 | 8.7% | $295,000 | $520/wk |
| 9 | SunsetQLD 4825 | 8.6% | $295,000 | $480/wk |
| 10 | BoulderWA 6432 | 8.3% | $400,000 | $655/wk |
| 11 | KalgoorlieWA 6430 | 8.3% | $470,000 | $750/wk |
| 12 | DampierWA 6713 | 8.2% | $945,000 | - |
| 13 | KatherineNT 0850 | 8.2% | $370,000 | $590/wk |
| 14 | MoranbahQLD 4744 | 8.2% | $420,000 | $650/wk |
| 15 | CharlevilleQLD 4470 | 8.2% | $235,000 | $365/wk |
| 16 | Katherine SouthNT 0850 | 8.1% | $320,000 | $525/wk |
| 17 | Katherine EastNT 0850 | 7.9% | $405,000 | $610/wk |
| 18 | Wee WaaNSW 2388 | 7.9% | $315,000 | $490/wk |
| 19 | Broken HillNSW 2880 | 7.9% | $250,000 | $370/wk |
| 20 | HealyQLD 4825 | 7.9% | $390,000 | $600/wk |
| 21 | SadadeenNT 0870 | 7.8% | $440,000 | $635/wk |
| 22 | BlackallQLD 4472 | 7.7% | $255,000 | $350/wk |
| 23 | ClermontQLD 4721 | 7.6% | $320,000 | $470/wk |
| 24 | MiddlemountQLD 4746 | 7.6% | $250,000 | $420/wk |
| 25 | CollinsvilleQLD 4804 | 7.6% | $255,000 | $435/wk |
Highest rental yield suburbs in Australia: units
Gross yield on the median unit price and median weekly unit rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | BoulderWA 6432 | 8.8% | $320,000 | $570/wk |
| 2 | ClermontQLD 4721 | 8.8% | $225,000 | $380/wk |
| 3 | SomervilleWA 6430 | 8.7% | $390,000 | $650/wk |
| 4 | PiccadillyWA 6430 | 8.3% | $380,000 | $555/wk |
| 5 | WoodroffeNT 0830 | 8.1% | $345,000 | $525/wk |
| 6 | GrayNT 0830 | 8.1% | $355,000 | $540/wk |
| 7 | MoranbahQLD 4744 | 8.0% | $390,000 | $620/wk |
| 8 | South KalgoorlieWA 6430 | 7.9% | $345,000 | $520/wk |
| 9 | Port DouglasQLD 4877 | 7.8% | $385,000 | $600/wk |
| 10 | KaramaNT 0812 | 7.8% | $355,000 | $525/wk |
| 11 | MalakNT 0812 | 7.8% | $365,000 | $545/wk |
| 12 | LarrakeyahNT 0820 | 7.8% | $460,000 | $685/wk |
| 13 | DriverNT 0830 | 7.5% | $380,000 | $550/wk |
| 14 | MarraraNT 0812 | 7.5% | $425,000 | $600/wk |
| 15 | GillenNT 0870 | 7.5% | $320,000 | $455/wk |
| 16 | TravancoreVIC 3032 | 7.4% | $370,000 | $530/wk |
| 17 | ParapNT 0820 | 7.4% | $450,000 | $650/wk |
| 18 | MouldenNT 0830 | 7.3% | $370,000 | $535/wk |
| 19 | BakewellNT 0832 | 7.2% | $400,000 | $550/wk |
| 20 | AraluenNT 0870 | 7.2% | $365,000 | $510/wk |
| 21 | RoseberyNT 0832 | 7.2% | $425,000 | $600/wk |
| 22 | BayviewNT 0820 | 7.2% | $590,000 | $820/wk |
| 23 | NightcliffNT 0810 | 7.1% | $405,000 | $600/wk |
| 24 | East SideNT 0870 | 7.1% | $360,000 | $500/wk |
| 25 | Stuart ParkNT 0820 | 7.0% | $490,000 | $650/wk |
How this ranking works
- Gross yield is the median weekly rent x 52, divided by the median sale price, for each dwelling type.
- A suburb is ranked only with at least 10 sales of that dwelling type in the past 12 months, at least 1,000 residents, and a median price that independent evidence agrees on.
- Yields outside 3% to 9.5% are left out: figures beyond that range usually describe a wider area than the suburb, not the suburb itself.
- Where several suburbs share one postcode's figures, only the largest is listed. A rent shown as a dash is not yet well enough supported to publish.
- Suburb figures are refreshed as new market data arrives, at most about once a fortnight. Gross yield is before costs; use the rental yield calculator for net yield and cashflow on a specific property.
Rental yields in other states and cities
Growth outlook
Australia suburbs by 12-month outlook
Where prices are expected to rise or ease, ranked within each state.
Investment guide
Where to invest in Australia
Yield, growth, affordability and tight rental markets in one guide.
Calculator
Rental yield calculator
Gross and net yield, cashflow after interest and DSCR for one property.
Rental yield in Australia: frequently asked questions
Which Australian suburbs have the highest rental yield for houses?
On current figures the highest gross yields for houses in Australia are in Pegs Creek WA 6714, Dysart QLD 4745 and Kambalda West WA 6442. Pegs Creek WA 6714 leads at 9.4%, with a median house price of $655,000.
Which Australian suburbs have the highest rental yield for units?
For units, the highest gross yields in Australia are in Boulder WA 6432, Clermont QLD 4721 and Somerville WA 6430. Boulder WA 6432 leads at 8.8%, on a median rent of $570/wk.
How is gross rental yield calculated?
Gross rental yield = weekly rent x 52 / price x 100. A suburb's figure uses its median weekly rent and median sale price for that dwelling type. It is before costs: rates, insurance, management, maintenance, strata and vacancy usually take 1.5 to 2 percentage points off, which is the net yield.
Is the highest-yield suburb the best investment?
Not on its own. High yields often come with lower expected growth, a thinner buyer pool or more vacancy risk, and a high figure can reflect a fall in prices rather than a rise in rents. Use the ranking to find suburbs to research, then check each suburb's vacancy, growth outlook and recent sales.
How often are these rankings updated?
Suburb medians are refreshed as new market data arrives, at most about once a fortnight, and this page picks the changes up within a day.
General information only, not personal financial advice. Check a suburb's own page and recent sales before relying on any figure.