Highest rental yield suburbs in Victoria
The top 25 suburbs in Victoria 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 Victoria: houses
Gross yield on the median house price and median weekly house rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | MallacootaVIC 3892 | 9.1% | $540,000 | $1,870/wk |
| 2 | CharltonVIC 3525 | 7.5% | $335,000 | $520/wk |
| 3 | WarracknabealVIC 3393 | 6.5% | $300,000 | $375/wk |
| 4 | ColeraineVIC 3315 | 6.2% | $310,000 | $355/wk |
| 5 | OuyenVIC 3490 | 6.2% | $290,000 | $350/wk |
| 6 | OrbostVIC 3888 | 6.0% | $360,000 | $410/wk |
| 7 | DimboolaVIC 3414 | 6.0% | $320,000 | $345/wk |
| 8 | CobramVIC 3644 | 5.7% | $440,000 | $480/wk |
| 9 | CorryongVIC 3707 | 5.7% | $350,000 | $380/wk |
| 10 | DonaldVIC 3480 | 5.5% | $310,000 | $350/wk |
| 11 | Yallourn NorthVIC 3825 | 5.5% | $385,000 | $405/wk |
| 12 | Swan HillVIC 3585 | 5.5% | $535,000 | $510/wk |
| 13 | TerangVIC 3264 | 5.3% | $405,000 | $400/wk |
| 14 | RushworthVIC 3612 | 5.2% | $385,000 | $390/wk |
| 15 | ColacVIC 3250 | 5.2% | $510,000 | $500/wk |
| 16 | RochesterVIC 3561 | 5.1% | $460,000 | $450/wk |
| 17 | East BairnsdaleVIC 3875 | 5.1% | $450,000 | $460/wk |
| 18 | HeyfieldVIC 3858 | 5.1% | $420,000 | - |
| 19 | DenningtonVIC 3280 | 5.1% | $680,000 | $640/wk |
| 20 | BenallaVIC 3672 | 5.1% | $510,000 | $500/wk |
| 21 | CamperdownVIC 3260 | 5.1% | $500,000 | $480/wk |
| 22 | MerbeinVIC 3505 | 5.1% | $450,000 | $450/wk |
| 23 | MoeVIC 3825 | 5.1% | $450,000 | $440/wk |
| 24 | ChurchillVIC 3842 | 5.0% | $460,000 | $430/wk |
| 25 | AraratVIC 3377 | 5.0% | $445,000 | $420/wk |
Highest rental yield suburbs in Victoria: units
Gross yield on the median unit price and median weekly unit rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | TravancoreVIC 3032 | 7.4% | $370,000 | $530/wk |
| 2 | ParkvilleVIC 3052 | 6.3% | $470,000 | $570/wk |
| 3 | DocklandsVIC 3008 | 6.3% | $580,000 | $720/wk |
| 4 | FootscrayVIC 3011 | 6.1% | $475,000 | $550/wk |
| 5 | SaleVIC 3850 | 6.0% | $360,000 | $390/wk |
| 6 | TaturaVIC 3616 | 5.9% | $330,000 | $380/wk |
| 7 | North MelbourneVIC 3051 | 5.9% | $530,000 | $600/wk |
| 8 | CollingwoodVIC 3066 | 5.8% | $625,000 | $700/wk |
| 9 | MoeVIC 3825 | 5.8% | $305,000 | $320/wk |
| 10 | MooroopnaVIC 3629 | 5.8% | $320,000 | $360/wk |
| 11 | CairnleaVIC 3023 | 5.8% | $415,000 | $500/wk |
| 12 | AbbotsfordVIC 3067 | 5.8% | $530,000 | $610/wk |
| 13 | South MelbourneVIC 3205 | 5.8% | $615,000 | $680/wk |
| 14 | RipponleaVIC 3185 | 5.7% | $470,000 | $540/wk |
| 15 | Brunswick EastVIC 3057 | 5.7% | $535,000 | $600/wk |
| 16 | DandenongVIC 3175 | 5.7% | $470,000 | $485/wk |
| 17 | OakleighVIC 3166 | 5.7% | $580,000 | $630/wk |
| 18 | MaribyrnongVIC 3032 | 5.6% | $500,000 | $535/wk |
| 19 | TraralgonVIC 3844 | 5.6% | $360,000 | $385/wk |
| 20 | CremorneVIC 3121 | 5.6% | $620,000 | $690/wk |
| 21 | HamiltonVIC 3300 | 5.6% | $315,000 | $345/wk |
| 22 | St KildaVIC 3182 | 5.6% | $520,000 | $550/wk |
| 23 | BenallaVIC 3672 | 5.6% | $350,000 | $380/wk |
| 24 | West FootscrayVIC 3012 | 5.6% | $430,000 | $480/wk |
| 25 | NewboroughVIC 3825 | 5.5% | $310,000 | $300/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
Victoria suburbs by 12-month outlook
Where prices are expected to rise or ease, ranked within each state.
Investment guide
Where to invest in Victoria
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 Victoria: frequently asked questions
Which Victoria suburbs have the highest rental yield for houses?
On current figures the highest gross yields for houses in Victoria are in Mallacoota VIC 3892, Charlton VIC 3525 and Warracknabeal VIC 3393. Mallacoota VIC 3892 leads at 9.1%, with a median house price of $540,000.
Which Victoria suburbs have the highest rental yield for units?
For units, the highest gross yields in Victoria are in Travancore VIC 3032, Parkville VIC 3052 and Docklands VIC 3008. Travancore VIC 3032 leads at 7.4%, on a median rent of $530/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.