Highest rental yield suburbs in Newcastle
The top 25 suburbs in Newcastle 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 Newcastle: houses
Gross yield on the median house price and median weekly house rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | Tingira HeightsNSW 2290 | 4.2% | $925,000 | $750/wk |
| 2 | Cameron ParkNSW 2285 | 4.2% | $1,005,000 | $790/wk |
| 3 | GlendaleNSW 2285 | 4.1% | $880,000 | $700/wk |
| 4 | Mount HuttonNSW 2290 | 4.1% | $905,000 | $710/wk |
| 5 | Macquarie HillsNSW 2285 | 4.0% | $1,005,000 | $780/wk |
| 6 | CardiffNSW 2285 | 4.0% | $900,000 | $680/wk |
| 7 | Rankin ParkNSW 2287 | 4.0% | $990,000 | $750/wk |
| 8 | TorontoNSW 2283 | 4.0% | $845,000 | $650/wk |
| 9 | ShortlandNSW 2307 | 4.0% | $845,000 | $650/wk |
| 10 | BoolarooNSW 2284 | 3.9% | $1,000,000 | $750/wk |
| 11 | WoodrisingNSW 2284 | 3.9% | $840,000 | $660/wk |
| 12 | GatesheadNSW 2290 | 3.9% | $845,000 | $630/wk |
| 13 | WallsendNSW 2287 | 3.9% | $900,000 | $675/wk |
| 14 | JewellsNSW 2280 | 3.9% | $1,100,000 | $795/wk |
| 15 | ArgentonNSW 2284 | 3.9% | $855,000 | $620/wk |
| 16 | WarabrookNSW 2304 | 3.9% | $970,000 | $720/wk |
| 17 | JesmondNSW 2299 | 3.8% | $850,000 | $635/wk |
| 18 | WaratahNSW 2298 | 3.8% | $975,000 | $725/wk |
| 19 | CarringtonNSW 2294 | 3.8% | $995,000 | $750/wk |
| 20 | IslingtonNSW 2296 | 3.8% | $1,005,000 | $750/wk |
| 21 | New Lambton HeightsNSW 2305 | 3.8% | $1,280,000 | - |
| 22 | Garden SuburbNSW 2289 | 3.8% | $1,130,000 | $800/wk |
| 23 | Birmingham GardensNSW 2287 | 3.7% | $910,000 | $650/wk |
| 24 | TeralbaNSW 2284 | 3.7% | $1,120,000 | $800/wk |
| 25 | Bolton PointNSW 2283 | 3.7% | $875,000 | $625/wk |
Highest rental yield suburbs in Newcastle: units
Gross yield on the median unit price and median weekly unit rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | JesmondNSW 2299 | 5.1% | $660,000 | $570/wk |
| 2 | ShortlandNSW 2307 | 5.0% | $720,000 | $690/wk |
| 3 | EdgeworthNSW 2285 | 5.0% | $685,000 | $595/wk |
| 4 | Blackalls ParkNSW 2283 | 5.0% | $625,000 | $625/wk |
| 5 | Mount HuttonNSW 2290 | 4.8% | $735,000 | $700/wk |
| 6 | FletcherNSW 2287 | 4.8% | $750,000 | $665/wk |
| 7 | WhitebridgeNSW 2290 | 4.6% | $845,000 | $800/wk |
| 8 | WickhamNSW 2293 | 4.6% | $790,000 | $750/wk |
| 9 | CharlestownNSW 2290 | 4.4% | $730,000 | $620/wk |
| 10 | WallsendNSW 2287 | 4.4% | $690,000 | $600/wk |
| 11 | IslingtonNSW 2296 | 4.4% | $810,000 | $685/wk |
| 12 | Waratah WestNSW 2298 | 4.4% | $685,000 | $600/wk |
| 13 | AdamstownNSW 2289 | 4.3% | $770,000 | $650/wk |
| 14 | BroadmeadowNSW 2292 | 4.3% | $745,000 | $650/wk |
| 15 | CardiffNSW 2285 | 4.3% | $760,000 | $560/wk |
| 16 | WaratahNSW 2298 | 4.3% | $735,000 | $550/wk |
| 17 | Marks PointNSW 2280 | 4.3% | $690,000 | $580/wk |
| 18 | ValentineNSW 2280 | 4.2% | $905,000 | $675/wk |
| 19 | New LambtonNSW 2305 | 4.1% | $775,000 | $600/wk |
| 20 | GeorgetownNSW 2298 | 4.1% | $710,000 | $575/wk |
| 21 | The HillNSW 2300 | 4.1% | $785,000 | $600/wk |
| 22 | BelmontNSW 2280 | 4.1% | $715,000 | $520/wk |
| 23 | CarringtonNSW 2294 | 4.1% | $850,000 | - |
| 24 | HamiltonNSW 2303 | 4.1% | $795,000 | $615/wk |
| 25 | KahibahNSW 2290 | 4.0% | $875,000 | - |
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
Newcastle suburbs by 12-month outlook
Where prices are expected to rise or ease, ranked within each state.
Investment guide
Where to invest in Newcastle
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 Newcastle: frequently asked questions
Which Newcastle suburbs have the highest rental yield for houses?
On current figures the highest gross yields for houses in Newcastle are in Tingira Heights NSW 2290, Cameron Park NSW 2285 and Glendale NSW 2285. Tingira Heights NSW 2290 leads at 4.2%, with a median house price of $925,000.
Which Newcastle suburbs have the highest rental yield for units?
For units, the highest gross yields in Newcastle are in Jesmond NSW 2299, Shortland NSW 2307 and Edgeworth NSW 2285. Jesmond NSW 2299 leads at 5.1%, 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.