Highest rental yield suburbs in Queensland
The top 25 suburbs in Queensland 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 Queensland: houses
Gross yield on the median house price and median weekly house rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | DysartQLD 4745 | 9.4% | $250,000 | $450/wk |
| 2 | CooktownQLD 4895 | 9.0% | $460,000 | $800/wk |
| 3 | MorningtonQLD 4825 | 8.8% | $305,000 | $510/wk |
| 4 | Soldiers HillQLD 4825 | 8.7% | $295,000 | $520/wk |
| 5 | SunsetQLD 4825 | 8.6% | $295,000 | $480/wk |
| 6 | MoranbahQLD 4744 | 8.2% | $420,000 | $650/wk |
| 7 | CharlevilleQLD 4470 | 8.2% | $235,000 | $365/wk |
| 8 | HealyQLD 4825 | 7.9% | $390,000 | $600/wk |
| 9 | BlackallQLD 4472 | 7.7% | $255,000 | $350/wk |
| 10 | ClermontQLD 4721 | 7.6% | $320,000 | $470/wk |
| 11 | MiddlemountQLD 4746 | 7.6% | $250,000 | $420/wk |
| 12 | CollinsvilleQLD 4804 | 7.6% | $255,000 | $435/wk |
| 13 | MouraQLD 4718 | 7.2% | $290,000 | $420/wk |
| 14 | Bowen HillsQLD 4006 | 6.3% | $750,000 | $915/wk |
| 15 | TullyQLD 4854 | 6.3% | $390,000 | - |
| 16 | Charters Towers CityQLD 4820 | 6.2% | $380,000 | $405/wk |
| 17 | Rockhampton CityQLD 4700 | 6.2% | $420,000 | $500/wk |
| 18 | QueentonQLD 4820 | 6.2% | $345,000 | $465/wk |
| 19 | Innisfail EstateQLD 4860 | 6.1% | $510,000 | $600/wk |
| 20 | BiloelaQLD 4715 | 6.1% | $430,000 | - |
| 21 | Mount MorganQLD 4714 | 5.9% | $370,000 | $440/wk |
| 22 | LongreachQLD 4730 | 5.9% | $350,000 | $400/wk |
| 23 | RomaQLD 4455 | 5.9% | $460,000 | $515/wk |
| 24 | St GeorgeQLD 4487 | 5.7% | $360,000 | $375/wk |
| 25 | MossmanQLD 4873 | 5.7% | $555,000 | $640/wk |
Highest rental yield suburbs in Queensland: units
Gross yield on the median unit price and median weekly unit rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | ClermontQLD 4721 | 8.8% | $225,000 | $380/wk |
| 2 | MoranbahQLD 4744 | 8.0% | $390,000 | $620/wk |
| 3 | Port DouglasQLD 4877 | 7.8% | $385,000 | $600/wk |
| 4 | Jubilee PocketQLD 4802 | 6.8% | $460,000 | $605/wk |
| 5 | BungalowQLD 4870 | 6.8% | $395,000 | $480/wk |
| 6 | EmeraldQLD 4720 | 6.8% | $350,000 | $450/wk |
| 7 | East MackayQLD 4740 | 6.6% | $365,000 | $480/wk |
| 8 | MackayQLD 4740 | 6.5% | $420,000 | $500/wk |
| 9 | ManundaQLD 4870 | 6.4% | $355,000 | $450/wk |
| 10 | Cairns NorthQLD 4870 | 6.3% | $445,000 | $550/wk |
| 11 | EarlvilleQLD 4870 | 6.3% | $380,000 | $490/wk |
| 12 | South GladstoneQLD 4680 | 6.3% | $315,000 | $380/wk |
| 13 | New AucklandQLD 4680 | 6.3% | $355,000 | $440/wk |
| 14 | Gladstone CentralQLD 4680 | 6.2% | $375,000 | $440/wk |
| 15 | ManooraQLD 4870 | 6.2% | $390,000 | $465/wk |
| 16 | DouglasQLD 4814 | 6.2% | $445,000 | $520/wk |
| 17 | CranbrookQLD 4814 | 6.1% | $380,000 | $450/wk |
| 18 | Barney PointQLD 4680 | 6.1% | $375,000 | $445/wk |
| 19 | CardwellQLD 4849 | 6.1% | $330,000 | $385/wk |
| 20 | Clifton BeachQLD 4879 | 6.1% | $520,000 | $610/wk |
| 21 | DeagonQLD 4017 | 6.0% | $340,000 | $395/wk |
| 22 | IdaliaQLD 4811 | 6.0% | $450,000 | $520/wk |
| 23 | Yorkeys KnobQLD 4878 | 5.9% | $480,000 | $550/wk |
| 24 | AndergroveQLD 4740 | 5.9% | $465,000 | $520/wk |
| 25 | South MackayQLD 4740 | 5.8% | $445,000 | $500/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
Queensland suburbs by 12-month outlook
Where prices are expected to rise or ease, ranked within each state.
Investment guide
Where to invest in Queensland
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 Queensland: frequently asked questions
Which Queensland suburbs have the highest rental yield for houses?
On current figures the highest gross yields for houses in Queensland are in Dysart QLD 4745, Cooktown QLD 4895 and Mornington QLD 4825. Dysart QLD 4745 leads at 9.4%, with a median house price of $250,000.
Which Queensland suburbs have the highest rental yield for units?
For units, the highest gross yields in Queensland are in Clermont QLD 4721, Moranbah QLD 4744 and Port Douglas QLD 4877. Clermont QLD 4721 leads at 8.8%, on a median rent of $380/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.