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So far, 2023 has been a tough time to be a renter in Australia. Rental rates have risen more than 10% in the past year, and with vacancy rates still low and record migration levels expected in the next financial year, most analysts see little chance of respite.
The other side of the coin is rental income is increasing for investment property owners. While some landlords face restrictions that limit their earning potential, rental yield, the percentage of a property’s value it can earn in rent each year, has increased. According to Your Investment Property Magazine data, two Australian suburbs have even cracked 15% in annual rental yield.
The number one suburb for gross rental yield for houses as of April 2023 was Lightning Ridge in New South Wales. Lightning Ridge is in rural New South Wales, near the Queensland border, and the average rental yield was 15.29%. As you might expect, property in Lightning Ridge is among the cheapest in Australia, with a median price of just $85,000 and $250 median rent.
For units, it was Newman in Western Australia that took the crown, with a median price of $250,000 and median rent of $440, meaning the annual rental yield is 15.25%.
How important are rental yields to property investors?
For investors, rental yield is a useful way to assess annual income, but there are plenty of other things to take into account as well, like vacancy rates, planned investment and other factors that could suggest strong capital gains.
Simon Pressley of Propertyology says basing property investments primarily on rental yields is a “flawed strategy”.
“At the end of the day, a few thousand dollars of income per year is nowhere near enough to retire on,” Mr Pressley told Savings.com.au.
“But a property that produces strong capital growth means hundreds of thousands of dollars' equity, enabling the investor to repeat the process, plus the option of converting equity into cash during the retirement years.”
He said the most important consideration should be selecting an area with good economic fundamentals as this is what drives capital growth.
“The next most important priority is buying a conventional asset - a standard house - in a central part of town. When it comes to sell, the conventional nature will attract a larger resale audience than other assets,” Mr Pressley said.
“Apartments produce higher rental yields than a conventional house in the same location, but Propertyology’s studies confirm that investing in asset types other than detached houses is surrendering half, or more, of your capital growth potential.”
What gives a suburb a strong rental yield?
Rental yield is how much income a property generates relative to its value. It’s calculated by dividing the annual rental income a property generates by its market value.
When the value of a property increases dramatically, the rental yield can decrease, because the rental income is smaller relative to the property value, but that doesn’t mean the property is earning any less.
Therefore, rental yields tend to be higher in areas where the demand for rent is higher than the demand for owner occupied property. Take Lightning Ridge, where the average rental yield for houses was 15.29% in April 2023. Lightning Ridge is famous for opal mining, and therefore has a more transient population, as miners come and go. Likewise, Newman, Tom Price, South Headland and Port Headland - all in the Pilbara region of Western Australia known for huge petroleum, natural gas and iron ore deposits - made the top ten suburbs for houses, Newman also leading the way for units.
The majority of the suburbs in the top 100 lists lie outside of the capital cities of the respective states. For houses, just Point Lookout (Brisbane, placed 10th) and Kwinana Town Centre (Perth, placed 98th) made the cut. Units had slightly stronger representation from Australia’s big cities, with 15 suburbs from Greater Perth, 10 from Darwin, and one each from Brisbane and Adelaide
What will happen to rental yields in 2023?
Rental rates are high at the time of writing (July 2023), and all indicators suggest it’s unlikely there will be respite for beleaguered tenants anytime soon.
In June 2023, Australia’s four largest cities recorded double digit annual rent growth, according to CoreLogic.
|
Median rent (June '23) |
Quarterly growth |
Annual growth |
|
|---|---|---|---|
|
Sydney |
$733 |
3.2% |
12.9% |
|
Melbourne |
$551 |
3.9% |
12.6% |
|
Brisbane |
$614 |
2.1% |
10.3% |
|
Perth |
$599 |
3.4% |
13.4% |
|
Adelaide |
$549 |
2.5% |
9.6% |
|
Hobart |
$552 |
-1.0% |
1.3% |
|
Darwin |
$600 |
0.7% |
3.5% |
|
Canberra |
$669 |
-1.0% |
-1.0% |
The overall growth rate for June was 2.5%, down from 2.8% in May, but experts including Dr Nicola Powell, Domain's Chief of Research and Economics, don’t expect rental pressures to ease anytime soon.
“Our research shows that more than double the rental listings are needed today to create a balanced rental market," Ms Powell said.
Record migration and undersupply is expected to keep rental rates high, while there is more uncertainty about how property values will change in the coming months.
Recent CoreLogic data found Australian property has appreciated over the past three months, defying popular sentiment that 2023 would see prices continue to drop dramatically as high rates curbed borrowing power.
However, economists maintain the downside risks to property prices from high rates and a slowing economy remain high. Property prices dropping while rental rates increase means rental yield goes up, but this isn’t necessarily good news for investors who are chasing strong capital gains.
Top 100 rental yield suburbs in Australia for houses
|
Suburb |
Postcode |
State |
Median property Price |
Median weekly rent |
Annual rental yield |
|
|---|---|---|---|---|---|---|
|
1 |
Lightning Ridge |
2834 |
NSW |
$ 85,000.00 |
$ 250.00 |
15.29% |
|
2 |
Tom Price |
6751 |
WA |
$ 652,500.00 |
$ 1,775.00 |
14.15% |
|
3 |
South Boulder |
6432 |
WA |
$ 220,000.00 |
$ 480.00 |
11.35% |
|
4 |
Coolgardie |
6429 |
WA |
$ 166,000.00 |
$ 350.00 |
10.96% |
|
5 |
Newman |
6753 |
WA |
$ 330,000.00 |
$ 675.00 |
10.64% |
|
6 |
South Hedland |
6722 |
WA |
$ 398,000.00 |
$ 800.00 |
10.45% |
|
7 |
Pioneer |
4825 |
QLD |
$ 215,000.00 |
$ 420.00 |
10.16% |
|
8 |
Blackwater |
4717 |
QLD |
$ 180,000.00 |
$ 340.00 |
9.82% |
|
9 |
Port Hedland |
6721 |
WA |
$ 700,000.00 |
$ 1,300.00 |
9.66% |
|
10 |
Point Lookout |
4183 |
QLD |
$ 1,350,000.00 |
$ 2,500.00 |
9.63% |
|
11 |
Broken Hill |
2880 |
NSW |
$ 175,000.00 |
$ 320.00 |
9.51% |
|
12 |
Port Pirie West |
5540 |
SA |
$ 164,500.00 |
$ 300.00 |
9.48% |
|
13 |
Solomontown |
5540 |
SA |
$ 165,000.00 |
$ 300.00 |
9.45% |
|
14 |
Exmouth |
6707 |
WA |
$ 660,000.00 |
$ 1,200.00 |
9.45% |
|
15 |
Merredin |
6415 |
WA |
$ 190,000.00 |
$ 345.00 |
9.44% |
|
16 |
Millars Well |
6714 |
WA |
$ 470,000.00 |
$ 850.00 |
9.40% |
|
17 |
Ravensthorpe |
6346 |
WA |
$ 177,500.00 |
$ 320.00 |
9.37% |
|
18 |
Mount Morgan |
4714 |
QLD |
$ 170,000.00 |
$ 300.00 |
9.18% |
|
19 |
Zeehan |
7469 |
TAS |
$ 198,500.00 |
$ 350.00 |
9.17% |
|
20 |
West Lamington |
6430 |
WA |
$ 380,000.00 |
$ 670.00 |
9.17% |
|
21 |
Depot Hill |
4700 |
QLD |
$ 198,750.00 |
$ 350.00 |
9.16% |
|
22 |
Dysart |
4745 |
QLD |
$ 200,000.00 |
$ 350.00 |
9.10% |
|
23 |
Quorn |
5433 |
SA |
$ 180,000.00 |
$ 315.00 |
9.10% |
|
24 |
Rangeway |
6530 |
WA |
$ 177,750.00 |
$ 310.00 |
9.07% |
|
25 |
Moura |
4718 |
QLD |
$ 190,000.00 |
$ 330.00 |
9.03% |
|
26 |
Ouyen |
3490 |
VIC |
$ 180,500.00 |
$ 310.00 |
8.93% |
|
27 |
Hannans |
6430 |
WA |
$ 382,500.00 |
$ 650.00 |
8.84% |
|
28 |
Tennant Creek |
860 |
NT |
$ 265,000.00 |
$ 450.00 |
8.83% |
|
29 |
Boulder |
6432 |
WA |
$ 287,000.00 |
$ 480.00 |
8.70% |
|
30 |
Sunset |
4825 |
QLD |
$ 279,000.00 |
$ 465.00 |
8.67% |
|
31 |
Pegs Creek |
6714 |
WA |
$ 480,000.00 |
$ 800.00 |
8.67% |
|
32 |
Mornington |
4825 |
QLD |
$ 284,500.00 |
$ 470.00 |
8.59% |
|
33 |
Warren |
2824 |
NSW |
$ 200,000.00 |
$ 330.00 |
8.58% |
|
34 |
Baynton |
6714 |
WA |
$ 667,500.00 |
$ 1,100.00 |
8.57% |
|
35 |
Lamington |
6430 |
WA |
$ 380,000.00 |
$ 625.00 |
8.55% |
|
36 |
Rockhampton City |
4700 |
QLD |
$ 225,000.00 |
$ 370.00 |
8.55% |
|
37 |
Soldiers Hill |
4825 |
QLD |
$ 304,275.00 |
$ 500.00 |
8.54% |
|
38 |
Peterborough |
5422 |
SA |
$ 140,000.00 |
$ 230.00 |
8.54% |
|
39 |
Parkside |
4825 |
QLD |
$ 270,000.00 |
$ 440.00 |
8.47% |
|
40 |
Stapylton |
4207 |
QLD |
$ 252,500.00 |
$ 410.00 |
8.44% |
|
41 |
South Kalgoorlie |
6430 |
WA |
$ 300,000.00 |
$ 480.00 |
8.32% |
|
42 |
Berrigan |
2712 |
NSW |
$ 220,000.00 |
$ 350.00 |
8.27% |
|
43 |
Bulgarra |
6714 |
WA |
$ 490,000.00 |
$ 777.50 |
8.25% |
|
44 |
North Lismore |
2480 |
NSW |
$ 290,000.00 |
$ 460.00 |
8.25% |
|
45 |
Piccadilly |
6430 |
WA |
$ 347,000.00 |
$ 550.00 |
8.24% |
|
46 |
Winston |
4825 |
QLD |
$ 286,000.00 |
$ 450.00 |
8.18% |
|
47 |
Charleville |
4470 |
QLD |
$ 156,500.00 |
$ 245.00 |
8.14% |
|
48 |
Blackall |
4472 |
QLD |
$ 160,000.00 |
$ 250.00 |
8.13% |
|
49 |
Kalgoorlie |
6430 |
WA |
$ 307,500.00 |
$ 480.00 |
8.12% |
|
50 |
Barcaldine |
4725 |
QLD |
$ 215,000.00 |
$ 335.00 |
8.10% |
|
51 |
Nickol |
6714 |
WA |
$ 570,000.00 |
$ 887.50 |
8.10% |
|
52 |
Port Augusta |
5700 |
SA |
$ 200,000.00 |
$ 310.00 |
8.06% |
|
53 |
Broome |
6725 |
WA |
$ 522,500.00 |
$ 800.00 |
7.96% |
|
54 |
Tralee |
2620 |
NSW |
$ 457,500.00 |
$ 700.00 |
7.96% |
|
55 |
Ingham |
4850 |
QLD |
$ 212,500.00 |
$ 325.00 |
7.95% |
|
56 |
Woodburn |
2472 |
NSW |
$ 360,000.00 |
$ 550.00 |
7.94% |
|
57 |
Hillston |
2675 |
NSW |
$ 230,000.00 |
$ 350.00 |
7.91% |
|
58 |
Moranbah |
4744 |
QLD |
$ 330,000.00 |
$ 500.00 |
7.88% |
|
59 |
Port Augusta West |
5700 |
SA |
$ 225,000.00 |
$ 340.00 |
7.86% |
|
60 |
Katherine South |
850 |
NT |
$ 300,000.00 |
$ 450.00 |
7.80% |
|
61 |
East Innisfail |
4860 |
QLD |
$ 250,000.00 |
$ 375.00 |
7.80% |
|
62 |
Capella |
4723 |
QLD |
$ 225,000.00 |
$ 335.00 |
7.74% |
|
63 |
Katanning |
6317 |
WA |
$ 208,500.00 |
$ 310.00 |
7.73% |
|
64 |
Berserker |
4701 |
QLD |
$ 270,000.00 |
$ 400.00 |
7.70% |
|
65 |
Whyalla Norrie |
5608 |
SA |
$ 182,500.00 |
$ 270.00 |
7.69% |
|
66 |
Narrogin |
6312 |
WA |
$ 230,000.00 |
$ 340.00 |
7.69% |
|
67 |
Charters Towers City |
4820 |
QLD |
$ 225,000.00 |
$ 330.00 |
7.63% |
|
68 |
Healy |
4825 |
QLD |
$ 410,000.00 |
$ 600.00 |
7.61% |
|
69 |
Clermont |
4721 |
QLD |
$ 260,000.00 |
$ 380.00 |
7.60% |
|
70 |
Djugun |
6725 |
WA |
$ 650,000.00 |
$ 950.00 |
7.60% |
|
71 |
Spalding |
6530 |
WA |
$ 219,000.00 |
$ 320.00 |
7.60% |
|
72 |
Whyalla Stuart |
5608 |
SA |
$ 180,000.00 |
$ 260.00 |
7.51% |
|
73 |
West Rockhampton |
4700 |
QLD |
$ 319,000.00 |
$ 460.00 |
7.50% |
|
74 |
Nulsen |
6450 |
WA |
$ 215,000.00 |
$ 310.00 |
7.50% |
|
75 |
Withers |
6230 |
WA |
$ 285,000.00 |
$ 410.00 |
7.48% |
|
76 |
Home Hill |
4806 |
QLD |
$ 195,000.00 |
$ 280.00 |
7.47% |
|
77 |
Cable Beach |
6726 |
WA |
$ 595,000.00 |
$ 850.00 |
7.43% |
|
78 |
Somerville |
6430 |
WA |
$ 525,000.00 |
$ 750.00 |
7.43% |
|
79 |
Dunbogan |
2443 |
NSW |
$ 662,500.00 |
$ 945.00 |
7.42% |
|
80 |
Tully |
4854 |
QLD |
$ 242,500.00 |
$ 345.00 |
7.40% |
|
81 |
Longreach |
4730 |
QLD |
$ 225,000.00 |
$ 320.00 |
7.40% |
|
82 |
Boddington |
6390 |
WA |
$ 310,000.00 |
$ 440.00 |
7.38% |
|
83 |
Port Pirie South |
5540 |
SA |
$ 248,500.00 |
$ 350.00 |
7.32% |
|
84 |
Allenstown |
4700 |
QLD |
$ 285,000.00 |
$ 400.00 |
7.30% |
|
85 |
Cobar |
2835 |
NSW |
$ 200,000.00 |
$ 280.00 |
7.28% |
|
86 |
Lochinvar |
2321 |
NSW |
$ 449,000.00 |
$ 625.00 |
7.24% |
|
87 |
Warracknabeal |
3393 |
VIC |
$ 212,000.00 |
$ 295.00 |
7.24% |
|
88 |
Townview |
4825 |
QLD |
$ 325,000.00 |
$ 450.00 |
7.20% |
|
89 |
Cloncurry |
4824 |
QLD |
$ 255,000.00 |
$ 350.00 |
7.14% |
|
90 |
Ayr |
4807 |
QLD |
$ 235,000.00 |
$ 320.00 |
7.08% |
|
91 |
Park Avenue |
4701 |
QLD |
$ 305,500.00 |
$ 415.00 |
7.06% |
|
92 |
Roxby Downs |
5725 |
SA |
$ 280,000.00 |
$ 380.00 |
7.06% |
|
93 |
Collie |
6225 |
WA |
$ 280,000.00 |
$ 380.00 |
7.06% |
|
94 |
Katherine |
850 |
NT |
$ 407,500.00 |
$ 550.00 |
7.02% |
|
95 |
Happy Valley |
4825 |
QLD |
$ 356,000.00 |
$ 480.00 |
7.01% |
|
96 |
Katherine East |
850 |
NT |
$ 410,000.00 |
$ 550.00 |
6.98% |
|
97 |
Kwinana Town Centre |
6167 |
WA |
$ 340,000.00 |
$ 455.00 |
6.96% |
|
98 |
Chinchilla |
4413 |
QLD |
$ 300,000.00 |
$ 400.00 |
6.93% |
|
99 |
Coraki |
2471 |
NSW |
$ 340,000.00 |
$ 450.00 |
6.88% |
|
100 |
Moree |
2400 |
NSW |
$ 265,500.00 |
$ 350.00 |
6.85% |
Top 100 rental yield suburbs in Australia for units
|
Suburb |
Postcode |
State |
Median property price |
Median weekly rent |
Annual rental yield |
|
|---|---|---|---|---|---|---|
|
1 |
Newman |
6753 |
WA |
$ 150,000.00 |
$ 440.00 |
15.25% |
|
2 |
Rangeway |
6530 |
WA |
$ 102,900.00 |
$ 250.00 |
12.63% |
|
3 |
Bulgarra |
6714 |
WA |
$ 207,500.00 |
$ 500.00 |
12.53% |
|
4 |
South Hedland |
6722 |
WA |
$ 270,375.00 |
$ 650.00 |
12.50% |
|
5 |
Piccadilly |
6430 |
WA |
$ 214,750.00 |
$ 470.00 |
11.38% |
|
6 |
Kalgoorlie |
6430 |
WA |
$ 215,000.00 |
$ 450.00 |
10.88% |
|
7 |
Baynton |
6714 |
WA |
$ 395,000.00 |
$ 780.00 |
10.27% |
|
8 |
Pegs Creek |
6714 |
WA |
$ 365,000.00 |
$ 700.00 |
9.97% |
|
9 |
Beresford |
6530 |
WA |
$ 150,000.00 |
$ 285.00 |
9.88% |
|
10 |
Parmelia |
6167 |
WA |
$ 177,000.00 |
$ 330.00 |
9.69% |
|
11 |
Broome |
6725 |
WA |
$ 287,500.00 |
$ 525.00 |
9.50% |
|
12 |
Currajong |
4812 |
QLD |
$ 162,000.00 |
$ 295.00 |
9.47% |
|
13 |
Somerville |
6430 |
WA |
$ 275,000.00 |
$ 490.00 |
9.27% |
|
14 |
Orelia |
6167 |
WA |
$ 186,000.00 |
$ 330.00 |
9.23% |
|
15 |
Heatley |
4814 |
QLD |
$ 158,500.00 |
$ 280.00 |
9.19% |
|
16 |
Bayswater |
6053 |
WA |
$ 255,000.00 |
$ 449.50 |
9.17% |
|
17 |
Manunda |
4870 |
QLD |
$ 183,500.00 |
$ 320.00 |
9.07% |
|
18 |
Park Holme |
5043 |
SA |
$ 270,000.00 |
$ 470.00 |
9.05% |
|
19 |
Whyalla Playford |
5600 |
SA |
$ 138,000.00 |
$ 240.00 |
9.04% |
|
20 |
New Auckland |
4680 |
QLD |
$ 175,000.00 |
$ 302.50 |
8.99% |
|
21 |
Cranbrook |
4814 |
QLD |
$ 180,000.00 |
$ 310.00 |
8.96% |
|
22 |
Woree |
4868 |
QLD |
$ 187,000.00 |
$ 320.00 |
8.90% |
|
23 |
Bungalow |
4870 |
QLD |
$ 205,000.00 |
$ 350.00 |
8.88% |
|
24 |
Hyde Park |
4812 |
QLD |
$ 176,500.00 |
$ 300.00 |
8.84% |
|
25 |
Moree |
2400 |
NSW |
$ 150,000.00 |
$ 250.00 |
8.67% |
|
26 |
Bakewell |
832 |
NT |
$ 270,000.00 |
$ 450.00 |
8.67% |
|
27 |
Hermit Park |
4812 |
QLD |
$ 192,000.00 |
$ 320.00 |
8.67% |
|
28 |
Port Hedland |
6721 |
WA |
$ 421,000.00 |
$ 700.00 |
8.65% |
|
29 |
Gray |
830 |
NT |
$ 247,000.00 |
$ 410.00 |
8.63% |
|
30 |
Idalia |
4811 |
QLD |
$ 238,000.00 |
$ 390.00 |
8.52% |
|
31 |
Thuringowa Central |
4817 |
QLD |
$ 313,000.00 |
$ 510.00 |
8.47% |
|
32 |
Edmonton |
4869 |
QLD |
$ 196,000.00 |
$ 315.00 |
8.36% |
|
33 |
Sorrento |
6020 |
WA |
$ 265,000.00 |
$ 425.00 |
8.34% |
|
34 |
Railway Estate |
4810 |
QLD |
$ 206,000.00 |
$ 330.00 |
8.33% |
|
35 |
Kingaroy |
4610 |
QLD |
$ 197,000.00 |
$ 315.00 |
8.31% |
|
36 |
South Gladstone |
4680 |
QLD |
$ 169,000.00 |
$ 270.00 |
8.31% |
|
37 |
Karama |
812 |
NT |
$ 270,000.00 |
$ 427.50 |
8.23% |
|
38 |
Rosslea |
4812 |
QLD |
$ 209,000.00 |
$ 330.00 |
8.21% |
|
39 |
Emerald |
4720 |
QLD |
$ 207,500.00 |
$ 325.00 |
8.14% |
|
40 |
Gladstone Central |
4680 |
QLD |
$ 225,000.00 |
$ 350.00 |
8.09% |
|
41 |
Southside |
4570 |
QLD |
$ 180,000.00 |
$ 280.00 |
8.09% |
|
42 |
Condon |
4815 |
QLD |
$ 245,000.00 |
$ 380.00 |
8.07% |
|
43 |
Douglas |
4814 |
QLD |
$ 260,000.00 |
$ 400.00 |
8.00% |
|
44 |
Garbutt |
4814 |
QLD |
$ 215,500.00 |
$ 330.00 |
7.96% |
|
45 |
Kununurra |
6743 |
WA |
$ 295,000.00 |
$ 450.00 |
7.93% |
|
46 |
Narrabri |
2390 |
NSW |
$ 184,000.00 |
$ 280.00 |
7.91% |
|
47 |
Glendalough |
6016 |
WA |
$ 278,000.00 |
$ 420.00 |
7.86% |
|
48 |
the Gap |
870 |
NT |
$ 280,000.00 |
$ 422.50 |
7.85% |
|
49 |
Manoora |
4870 |
QLD |
$ 236,500.00 |
$ 350.00 |
7.70% |
|
50 |
West End |
4810 |
QLD |
$ 216,500.00 |
$ 320.00 |
7.69% |
|
51 |
Millner |
810 |
NT |
$ 305,000.00 |
$ 450.00 |
7.67% |
|
52 |
East Side |
870 |
NT |
$ 301,000.00 |
$ 440.00 |
7.60% |
|
53 |
Darwin |
800 |
NT |
$ 445,000.00 |
$ 650.00 |
7.60% |
|
54 |
Cannonvale |
4802 |
QLD |
$ 310,000.00 |
$ 450.00 |
7.55% |
|
55 |
Blacks Beach |
4740 |
QLD |
$ 310,000.00 |
$ 450.00 |
7.55% |
|
56 |
Chinchilla |
4413 |
QLD |
$ 221,250.00 |
$ 320.00 |
7.52% |
|
57 |
Parap |
820 |
NT |
$ 371,000.00 |
$ 535.00 |
7.50% |
|
58 |
Mooroobool |
4870 |
QLD |
$ 265,000.00 |
$ 380.00 |
7.46% |
|
59 |
Mackay |
4740 |
QLD |
$ 265,000.00 |
$ 380.00 |
7.46% |
|
60 |
Collingwood Park |
4301 |
QLD |
$ 279,500.00 |
$ 400.00 |
7.44% |
|
61 |
Driver |
830 |
NT |
$ 301,000.00 |
$ 430.00 |
7.43% |
|
62 |
Pimlico |
4812 |
QLD |
$ 210,000.00 |
$ 300.00 |
7.43% |
|
63 |
South Yunderup |
6208 |
WA |
$ 252,500.00 |
$ 360.00 |
7.41% |
|
64 |
Earlville |
4870 |
QLD |
$ 268,000.00 |
$ 380.00 |
7.37% |
|
65 |
Leanyer |
812 |
NT |
$ 340,000.00 |
$ 480.00 |
7.34% |
|
66 |
Shoalwater |
6169 |
WA |
$ 235,000.00 |
$ 330.00 |
7.30% |
|
67 |
Thornlie |
6108 |
WA |
$ 285,000.00 |
$ 400.00 |
7.30% |
|
68 |
Edge Hill |
4870 |
QLD |
$ 271,000.00 |
$ 380.00 |
7.29% |
|
69 |
North Mackay |
4740 |
QLD |
$ 250,000.00 |
$ 350.00 |
7.28% |
|
70 |
West Mackay |
4740 |
QLD |
$ 270,000.00 |
$ 377.50 |
7.27% |
|
71 |
Halls Head |
6210 |
WA |
$ 340,000.00 |
$ 475.00 |
7.26% |
|
72 |
Kingsley |
6026 |
WA |
$ 355,000.00 |
$ 495.00 |
7.25% |
|
73 |
East Cannington |
6107 |
WA |
$ 323,000.00 |
$ 450.00 |
7.24% |
|
74 |
Maddington |
6109 |
WA |
$ 287,500.00 |
$ 400.00 |
7.23% |
|
75 |
Margaret River |
6285 |
WA |
$ 360,000.00 |
$ 500.00 |
7.22% |
|
76 |
Greenfields |
6210 |
WA |
$ 288,000.00 |
$ 400.00 |
7.22% |
|
77 |
Coconut Grove |
810 |
NT |
$ 350,000.00 |
$ 485.00 |
7.21% |
|
78 |
Cockburn Central |
6164 |
WA |
$ 325,000.00 |
$ 450.00 |
7.20% |
|
79 |
Clarkson |
6030 |
WA |
$ 325,500.00 |
$ 450.00 |
7.19% |
|
80 |
Dudley Park |
6210 |
WA |
$ 275,000.00 |
$ 380.00 |
7.19% |
|
81 |
Mahomets Flats |
6530 |
WA |
$ 218,000.00 |
$ 300.00 |
7.16% |
|
82 |
Lockridge |
6054 |
WA |
$ 269,000.00 |
$ 370.00 |
7.15% |
|
83 |
Whyalla |
5600 |
SA |
$ 171,000.00 |
$ 235.00 |
7.15% |
|
84 |
Rosebery |
832 |
NT |
$ 350,000.00 |
$ 480.00 |
7.13% |
|
85 |
Holloways Beach |
4878 |
QLD |
$ 255,500.00 |
$ 350.00 |
7.12% |
|
86 |
Jubilee Pocket |
4802 |
QLD |
$ 307,000.00 |
$ 420.00 |
7.11% |
|
87 |
Mundingburra |
4812 |
QLD |
$ 242,500.00 |
$ 330.00 |
7.08% |
|
88 |
Deniliquin |
2710 |
NSW |
$ 155,000.00 |
$ 210.00 |
7.05% |
|
89 |
Ascot |
6104 |
WA |
$ 370,000.00 |
$ 500.00 |
7.03% |
|
90 |
Aitkenvale |
4814 |
QLD |
$ 225,750.00 |
$ 305.00 |
7.03% |
|
91 |
West Gladstone |
4680 |
QLD |
$ 207,500.00 |
$ 280.00 |
7.02% |
|
92 |
Freshwater |
4870 |
QLD |
$ 310,000.00 |
$ 417.50 |
7.00% |
|
93 |
East Mackay |
4740 |
QLD |
$ 260,000.00 |
$ 350.00 |
7.00% |
|
94 |
Cooee Bay |
4703 |
QLD |
$ 312,000.00 |
$ 420.00 |
7.00% |
|
95 |
Glen Eden |
4680 |
QLD |
$ 260,000.00 |
$ 350.00 |
7.00% |
|
96 |
Cairns North |
4870 |
QLD |
$ 306,250.00 |
$ 410.00 |
6.96% |
|
97 |
Kin Kora |
4680 |
QLD |
$ 247,250.00 |
$ 330.00 |
6.94% |
|
98 |
Port Douglas |
4877 |
QLD |
$ 360,000.00 |
$ 480.00 |
6.93% |
|
99 |
Redlynch |
4870 |
QLD |
$ 315,000.00 |
$ 420.00 |
6.93% |
|
100 |
Rockingham |
6168 |
WA |
$ 315,000.00 |
$ 420.00 |
6.93% |
Source: Your Investment Property Magazine, data from April 2023
Image by Jorge Láscar on Flickr
Ready, Set, Buy!
Learn everything you need to know about buying property – from choosing the right property and home loan, to the purchasing process, tips to save money and more!
With bonus Q&A sheet and Crossword!
Harry O'Sullivan
Emma Duffy
Rachel Horan
