Highest rental yield suburbs in Canberra
The top 25 suburbs in Canberra 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 Canberra: houses
Gross yield on the median house price and median weekly house rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | BelconnenACT 2617 | 4.7% | $630,000 | $600/wk |
| 2 | CharnwoodACT 2615 | 4.3% | $750,000 | $615/wk |
| 3 | HoltACT 2615 | 4.2% | $820,000 | $660/wk |
| 4 | MacgregorACT 2615 | 4.1% | $830,000 | $670/wk |
| 5 | HolderACT 2611 | 4.1% | $935,000 | $725/wk |
| 6 | DuffyACT 2611 | 4.0% | $990,000 | $770/wk |
| 7 | SpenceACT 2615 | 3.9% | $940,000 | $710/wk |
| 8 | ScullinACT 2614 | 3.9% | $855,000 | $640/wk |
| 9 | ChapmanACT 2611 | 3.9% | $1,320,000 | - |
| 10 | FraserACT 2615 | 3.9% | $1,030,000 | $740/wk |
| 11 | GiralangACT 2617 | 3.8% | $970,000 | $680/wk |
| 12 | RivettACT 2611 | 3.8% | $930,000 | $665/wk |
| 13 | HigginsACT 2615 | 3.8% | $880,000 | $650/wk |
| 14 | McKellarACT 2617 | 3.8% | $1,130,000 | $780/wk |
| 15 | KaleenACT 2617 | 3.6% | $1,020,000 | $700/wk |
| 16 | WestonACT 2611 | 3.5% | $1,070,000 | $735/wk |
| 17 | WaramangaACT 2611 | 3.5% | $955,000 | $650/wk |
| 18 | FloreyACT 2615 | 3.5% | $975,000 | $650/wk |
| 19 | DicksonACT 2602 | 3.5% | $1,120,000 | $750/wk |
| 20 | ChifleyACT 2606 | 3.5% | $1,150,000 | $775/wk |
| 21 | StirlingACT 2611 | 3.5% | $1,115,000 | $750/wk |
| 22 | DownerACT 2602 | 3.3% | $1,210,000 | $720/wk |
| 23 | WrightACT 2611 | 3.3% | $1,275,000 | $950/wk |
| 24 | MacquarieACT 2614 | 3.3% | $1,045,000 | $670/wk |
| 25 | LyonsACT 2606 | 3.3% | $1,215,000 | $790/wk |
Highest rental yield suburbs in Canberra: units
Gross yield on the median unit price and median weekly unit rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | LyonsACT 2606 | 6.8% | $360,000 | $480/wk |
| 2 | ReidACT 2612 | 6.3% | $495,000 | $620/wk |
| 3 | BelconnenACT 2617 | 6.2% | $485,000 | $565/wk |
| 4 | DicksonACT 2602 | 5.9% | $570,000 | $650/wk |
| 5 | BraddonACT 2612 | 5.9% | $540,000 | $605/wk |
| 6 | BruceACT 2617 | 5.8% | $510,000 | $580/wk |
| 7 | LynehamACT 2602 | 5.8% | $510,000 | $570/wk |
| 8 | WatsonACT 2602 | 5.8% | $535,000 | $550/wk |
| 9 | WrightACT 2611 | 5.8% | $530,000 | $580/wk |
| 10 | LawsonACT 2617 | 5.5% | $660,000 | $670/wk |
| 11 | CampbellACT 2612 | 5.5% | $670,000 | $695/wk |
| 12 | TurnerACT 2612 | 5.3% | $640,000 | $590/wk |
| 13 | PageACT 2614 | 5.2% | $600,000 | $590/wk |
| 14 | NarrabundahACT 2604 | 5.1% | $600,000 | $615/wk |
| 15 | KaleenACT 2617 | 5.0% | $560,000 | $600/wk |
| 16 | KingstonACT 2604 | 4.7% | $690,000 | $630/wk |
| 17 | MacquarieACT 2614 | 4.6% | $620,000 | $550/wk |
| 18 | HoltACT 2615 | 4.2% | $700,000 | $570/wk |
| 19 | PearceACT 2607 | 4.1% | $775,000 | $595/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
Canberra suburbs by 12-month outlook
Where prices are expected to rise or ease, ranked within each state.
Investment guide
Where to invest in Canberra
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 Canberra: frequently asked questions
Which Canberra suburbs have the highest rental yield for houses?
On current figures the highest gross yields for houses in Canberra are in Belconnen ACT 2617, Charnwood ACT 2615 and Holt ACT 2615. Belconnen ACT 2617 leads at 4.7%, with a median house price of $630,000.
Which Canberra suburbs have the highest rental yield for units?
For units, the highest gross yields in Canberra are in Lyons ACT 2606, Reid ACT 2612 and Belconnen ACT 2617. Lyons ACT 2606 leads at 6.8%, on a median rent of $480/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.