Highest rental yield suburbs in Geelong
The top 25 suburbs in Geelong 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 Geelong: houses
Gross yield on the median house price and median weekly house rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | CharlemontVIC 3217 | 4.3% | $650,000 | $540/wk |
| 2 | WhittingtonVIC 3219 | 4.3% | $600,000 | $470/wk |
| 3 | Armstrong CreekVIC 3217 | 4.2% | $695,000 | $550/wk |
| 4 | LaraVIC 3212 | 4.2% | $730,000 | $580/wk |
| 5 | Mount DuneedVIC 3217 | 4.1% | $735,000 | $565/wk |
| 6 | MarshallVIC 3216 | 4.1% | $675,000 | $525/wk |
| 7 | ThomsonVIC 3219 | 4.1% | $610,000 | $470/wk |
| 8 | BreakwaterVIC 3219 | 4.0% | $590,000 | $470/wk |
| 9 | NewcombVIC 3219 | 4.0% | $650,000 | $485/wk |
| 10 | CorioVIC 3214 | 3.9% | $595,000 | $440/wk |
| 11 | NorlaneVIC 3214 | 3.9% | $550,000 | $420/wk |
| 12 | Lovely BanksVIC 3213 | 3.9% | $785,000 | $580/wk |
| 13 | St Albans ParkVIC 3219 | 3.9% | $700,000 | $520/wk |
| 14 | GrovedaleVIC 3216 | 3.9% | $740,000 | $550/wk |
| 15 | BelmontVIC 3216 | 3.7% | $750,000 | $530/wk |
| 16 | Hamlyn HeightsVIC 3215 | 3.7% | $750,000 | $535/wk |
| 17 | North GeelongVIC 3215 | 3.6% | $710,000 | $490/wk |
| 18 | Herne HillVIC 3218 | 3.5% | $810,000 | $550/wk |
| 19 | HightonVIC 3216 | 3.5% | $900,000 | $600/wk |
| 20 | Geelong WestVIC 3218 | 3.3% | $865,000 | $550/wk |
| 21 | GeelongVIC 3220 | 3.3% | $1,000,000 | $590/wk |
| 22 | East GeelongVIC 3219 | 3.2% | $875,000 | $530/wk |
| 23 | NewtownVIC 3220 | 3.0% | $1,135,000 | $600/wk |
Highest rental yield suburbs in Geelong: units
Gross yield on the median unit price and median weekly unit rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | WhittingtonVIC 3219 | 5.2% | $425,000 | $420/wk |
| 2 | LaraVIC 3212 | 4.7% | $540,000 | $500/wk |
| 3 | East GeelongVIC 3219 | 4.6% | $430,000 | $440/wk |
| 4 | South GeelongVIC 3220 | 4.6% | $575,000 | $455/wk |
| 5 | Bell Post HillVIC 3215 | 4.5% | $480,000 | $430/wk |
| 6 | NorlaneVIC 3214 | 4.5% | $445,000 | $410/wk |
| 7 | NewcombVIC 3219 | 4.5% | $520,000 | $415/wk |
| 8 | CorioVIC 3214 | 4.5% | $455,000 | $380/wk |
| 9 | HightonVIC 3216 | 4.4% | $530,000 | $450/wk |
| 10 | ThomsonVIC 3219 | 4.4% | $530,000 | $450/wk |
| 11 | BelmontVIC 3216 | 4.4% | $570,000 | $455/wk |
| 12 | St Albans ParkVIC 3219 | 4.4% | $475,000 | $460/wk |
| 13 | GrovedaleVIC 3216 | 4.3% | $545,000 | $450/wk |
| 14 | Bell ParkVIC 3215 | 4.3% | $565,000 | $450/wk |
| 15 | NewtownVIC 3220 | 4.2% | $580,000 | $470/wk |
| 16 | Hamlyn HeightsVIC 3215 | 4.0% | $580,000 | $450/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
Geelong suburbs by 12-month outlook
Where prices are expected to rise or ease, ranked within each state.
Investment guide
Where to invest in Geelong
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 Geelong: frequently asked questions
Which Geelong suburbs have the highest rental yield for houses?
On current figures the highest gross yields for houses in Geelong are in Charlemont VIC 3217, Whittington VIC 3219 and Armstrong Creek VIC 3217. Charlemont VIC 3217 leads at 4.3%, with a median house price of $650,000.
Which Geelong suburbs have the highest rental yield for units?
For units, the highest gross yields in Geelong are in Whittington VIC 3219, Lara VIC 3212 and East Geelong VIC 3219. Whittington VIC 3219 leads at 5.2%, on a median rent of $420/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.