Highest rental yield suburbs in Tasmania
The top 25 suburbs in Tasmania 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 Tasmania: houses
Gross yield on the median house price and median weekly house rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | GagebrookTAS 7030 | 5.3% | $455,000 | $470/wk |
| 2 | Herdsmans CoveTAS 7030 | 5.3% | $470,000 | $465/wk |
| 3 | New NorfolkTAS 7140 | 5.1% | $530,000 | $500/wk |
| 4 | BridgewaterTAS 7030 | 5.1% | $520,000 | $500/wk |
| 5 | Risdon ValeTAS 7016 | 5.1% | $550,000 | $560/wk |
| 6 | ActonTAS 7320 | 5.0% | $485,000 | $450/wk |
| 7 | ScottsdaleTAS 7260 | 4.9% | $480,000 | $450/wk |
| 8 | SmithtonTAS 7330 | 4.9% | $420,000 | $400/wk |
| 9 | ChigwellTAS 7011 | 4.9% | $620,000 | $560/wk |
| 10 | Clarendon ValeTAS 7019 | 4.9% | $545,000 | $540/wk |
| 11 | George TownTAS 7253 | 4.8% | $475,000 | $450/wk |
| 12 | East DevonportTAS 7310 | 4.8% | $550,000 | $520/wk |
| 13 | MowbrayTAS 7248 | 4.8% | $550,000 | $500/wk |
| 14 | Campbell TownTAS 7210 | 4.7% | $445,000 | $450/wk |
| 15 | RokebyTAS 7019 | 4.7% | $670,000 | $570/wk |
| 16 | MontroseTAS 7010 | 4.7% | $695,000 | $625/wk |
| 17 | HillcrestTAS 7320 | 4.7% | $460,000 | $450/wk |
| 18 | GoodwoodTAS 7010 | 4.7% | $640,000 | $580/wk |
| 19 | BeaconsfieldTAS 7270 | 4.7% | $505,000 | $445/wk |
| 20 | DevonportTAS 7310 | 4.7% | $600,000 | $530/wk |
| 21 | GlenorchyTAS 7010 | 4.7% | $660,000 | $580/wk |
| 22 | MoonahTAS 7009 | 4.7% | $700,000 | $620/wk |
| 23 | LutanaTAS 7009 | 4.6% | $690,000 | $615/wk |
| 24 | BerriedaleTAS 7011 | 4.6% | $675,000 | $585/wk |
| 25 | MontelloTAS 7320 | 4.6% | $510,000 | $440/wk |
Highest rental yield suburbs in Tasmania: units
Gross yield on the median unit price and median weekly unit rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | BridgewaterTAS 7030 | 5.5% | $455,000 | $475/wk |
| 2 | NewnhamTAS 7248 | 5.3% | $435,000 | $450/wk |
| 3 | Park GroveTAS 7320 | 5.3% | $450,000 | $490/wk |
| 4 | Upper BurnieTAS 7320 | 5.2% | $355,000 | $360/wk |
| 5 | New NorfolkTAS 7140 | 5.2% | $445,000 | $430/wk |
| 6 | GlenorchyTAS 7010 | 5.2% | $495,000 | $490/wk |
| 7 | ProspectTAS 7250 | 5.2% | $550,000 | $530/wk |
| 8 | MontroseTAS 7010 | 5.2% | $520,000 | $490/wk |
| 9 | ClaremontTAS 7011 | 5.1% | $490,000 | $500/wk |
| 10 | MoonahTAS 7009 | 5.1% | $485,000 | $500/wk |
| 11 | LeganaTAS 7277 | 5.1% | $560,000 | $550/wk |
| 12 | InvermayTAS 7248 | 5.1% | $465,000 | $430/wk |
| 13 | BrightonTAS 7030 | 5.0% | $530,000 | $495/wk |
| 14 | Old BeachTAS 7017 | 5.0% | $595,000 | $565/wk |
| 15 | West LauncestonTAS 7250 | 5.0% | $475,000 | $455/wk |
| 16 | SorellTAS 7172 | 5.0% | $575,000 | $525/wk |
| 17 | Lenah ValleyTAS 7008 | 4.9% | $540,000 | $525/wk |
| 18 | NewsteadTAS 7250 | 4.9% | $505,000 | $480/wk |
| 19 | RosettaTAS 7010 | 4.9% | $525,000 | $480/wk |
| 20 | YoungtownTAS 7249 | 4.9% | $560,000 | $475/wk |
| 21 | WarraneTAS 7018 | 4.9% | $570,000 | $550/wk |
| 22 | West MoonahTAS 7009 | 4.9% | $565,000 | $480/wk |
| 23 | LutanaTAS 7009 | 4.9% | $530,000 | $470/wk |
| 24 | ShearwaterTAS 7307 | 4.8% | $510,000 | $470/wk |
| 25 | PerthTAS 7300 | 4.8% | $560,000 | $530/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
Tasmania suburbs by 12-month outlook
Where prices are expected to rise or ease, ranked within each state.
Investment guide
Where to invest in Tasmania
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 Tasmania: frequently asked questions
Which Tasmania suburbs have the highest rental yield for houses?
On current figures the highest gross yields for houses in Tasmania are in Gagebrook TAS 7030, Herdsmans Cove TAS 7030 and New Norfolk TAS 7140. Gagebrook TAS 7030 leads at 5.3%, with a median house price of $455,000.
Which Tasmania suburbs have the highest rental yield for units?
For units, the highest gross yields in Tasmania are in Bridgewater TAS 7030, Newnham TAS 7248 and Park Grove TAS 7320. Bridgewater TAS 7030 leads at 5.5%, on a median rent of $475/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.