Buying an investment property or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for investors.
| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | LVR | Lump Sum Repayment | Additional Repayments | Split Loan Option | Tags | Features | Link | Compare |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6.19% p.a. | 6.58% p.a. | $2,589 | Principal & Interest | Variable | $0 | $530 | 90% | Featured 90% LVR |
| |||||||||
6.29% p.a. | 6.20% p.a. | $2,473 | Principal & Interest | Variable | $0 | $0 | 80% | Featured Apply In Minutes |
| |||||||||
6.34% p.a. | 6.36% p.a. | $2,486 | Principal & Interest | Variable | $0 | $350 | 60% |
|
Unfortunately for Australian renters who struggled to stay afloat last time around, 2024 is shaping up to be another difficult year. December 2023 saw a record low number of rental listings, while the opening weeks of 2024 saw median rent exceed $600 for the first time. While some analysts say moderating migration numbers and more stable interest rates could soften rental growth this year, rental stress is a reality facing a significant portion of Aussie tenants. According to CoreLogic, median rent is now 31% of the average income, above the typical threshold for rental stress.
The other side of the coin, 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, some Australian suburbs have even cracked 15% in annual rental yield.
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 Tom Price in the Pilbara region of WA, where the average rental yield for houses was 15.2% in January '24. In November and December of 2023, Tom Price had the highest yields for houses in the nation, dropping to third in January.
Pilbara is one of Australia’s biggest mining regions, with huge deposits of minerals like iron ore. Demand for property is therefore more transient, as miners come and go. From April '23 to January '24, the median house price in Tom Price went from $652,500 to $640,000, decreasing 1.9%. Over the same period, median rents went from $1,775 to $1,875, up 5.6%.
Likewise, Coolgardie, Kambalda East and Kambalda West all feature in the top ten for January, all in the Coolgardie LGA. Coolgardie is renowned for its gold reserves, with more than 320,000 ounces of gold mined between 1885 and 1961. Today, it’s often called a ghost town, with the population an order of magnitude smaller than at the height of the gold rush, making property is extremely cheap. The area still attracts optimistic contemporary prospectors though, which might partially explain the comparatively higher demand for temporary housing. The area is also a popular tourist attraction because of this history, which can push up rent with more properties turned into AirBnbs and other places for tourists to stay.
In 2022. the old Burbanks mine was reopened by Greenstone Resources. The Kalgoorlie Mine is also still in operation, the third largest gold mine in Australia, so there are still mining projects that might be attracting workers to Coolgardie.
The majority of the suburbs in the top 100 lists lie outside of the capital cities of the respective states. For houses, only Anketell (Perth, 17th), Brisbane City (69th), Darwin City (76th), Gray (Darwin, 91st) and Moulden (Darwin, 94th) made the cut from capital city statistical divisions. For units, as you’d probably expect, the capitals made a slightly better showing. There were 14 Greater Perth Suburbs, 11 from Darwin, three from Melbourne and two from Brisbane, with one each from Canberra and Adelaide that made the list. That still means well over half of the top rental yield suburbs came from regional markets.
What will happen to rental yields in 2024?
Rental yields increase when the cost of renting becomes greater relative to property values. Throughout 2023, property prices increased, but at a lesser rate than rents. Here’s how we were sitting as of January '24:
|
State |
Area |
Property Type |
Median Price |
Weekly Median Advertised Rent |
Gross Rental Yield |
|
ACT |
Metro |
Houses |
$940,000 |
$675 |
3.7% |
|
ACT |
Metro |
Units |
$598,000 |
$560 |
4.9% |
|
NSW |
Metro |
Houses |
$1,331,000 |
$700 |
2.7% |
|
NSW |
Metro |
Units |
$755,000 |
$650 |
4.4% |
|
NT |
Metro |
Houses |
$570,000 |
$650 |
5.9% |
|
NT |
Metro |
Units |
$390,000 |
$520 |
7.0% |
|
QLD |
Metro |
Houses |
$827,000 |
$595 |
3.9% |
|
QLD |
Metro |
Units |
$550,000 |
$550 |
5.5% |
|
SA |
Metro |
Houses |
$760,000 |
$550 |
4.0% |
|
SA |
Metro |
Units |
$500,000 |
$450 |
5.0% |
|
TAS |
Metro |
Houses |
$685,000 |
$540 |
4.0% |
|
TAS |
Metro |
Units |
$523,500 |
$460 |
4.5% |
|
VIC |
Metro |
Houses |
$853,000 |
$525 |
3.1% |
|
VIC |
Metro |
Units |
$615,000 |
$500 |
4.2% |
|
WA |
Metro |
Houses |
$650,000 |
$600 |
5.2% |
|
WA |
Metro |
Units |
$441,500 |
$550 |
6.8% |
|
NSW |
Country |
Houses |
$715,000 |
$550 |
4.0% |
|
NSW |
Country |
Units |
$618,000 |
$450 |
3.9% |
|
NT |
Country |
Houses |
$468,750 |
$550 |
6.1% |
|
NT |
Country |
Units |
$310,000 |
$410 |
6.9% |
|
QLD |
Country |
Houses |
$595,000 |
$575 |
5.2% |
|
QLD |
Country |
Units |
$561,000 |
$500 |
4.8% |
|
SA |
Country |
Houses |
$400,000 |
$380 |
5.1% |
|
SA |
Country |
Units |
$285,000 |
$290 |
5.0% |
|
TAS |
Country |
Houses |
$511,000 |
$440 |
4.4% |
|
TAS |
Country |
Units |
$425,000 |
$380 |
4.7% |
|
VIC |
Country |
Houses |
$570,000 |
$450 |
4.1% |
|
VIC |
Country |
Units |
$410,000 |
$370 |
4.7% |
|
WA |
Country |
Houses |
$452,250 |
$563 |
6.5% |
|
WA |
Country |
Units |
$324,062 |
$500 |
8.3% |
Source: CoreLogic. Data reported to the period ending January 2024. Median values account for sales transactions over 12 months.
A more stable cash rate is likely to be one of the defining features of the economic landscape in 2024. Most analysts agree it looks unlikely rates will go any higher than the current 4.35%, and many are also predicting cuts around Q3. This outlook however is highly uncertain - unexpected shocks like an escalation of the conflict in the Middle East or upside surprises to inflation could see cuts delayed, or even further hikes.
For renters, lower interest rates are likely to be positive: a lot of the huge growth to rents over the past eighteen months is likely due to landlords passing on the higher interest costs. As far as property prices go, conventional wisdom dictates that prices go up as rates go down (as buyers’ borrowing power improves), but 2023 saw prices go up even as rates increased, so ultimately any predictions might turn out to be futile.
Read more:
Top 100 rental yield suburbs in Australia for houses
|
Suburb |
LGA |
Postcode |
State |
Median property price |
Median weekly advertised rent |
Annual rental yield |
|
|---|---|---|---|---|---|---|---|
|
1 |
Mallacoota |
East Gippsland |
3892 |
VIC |
$555,000.00 |
$2,000.00 |
18.7% |
|
2 |
Coolgardie |
Coolgardie |
6429 |
WA |
$130,000.00 |
$400.00 |
16.0% |
|
3 |
Tom Price |
Ashburton |
6751 |
WA |
$640,000.00 |
$1,875.00 |
15.2% |
|
4 |
Kambalda East |
Coolgardie |
6442 |
WA |
$135,000.00 |
$320.00 |
12.3% |
|
5 |
Scottville |
Whitsunday |
4804 |
QLD |
$150,000.00 |
$350.00 |
12.1% |
|
6 |
Kambalda West |
Coolgardie |
6442 |
WA |
$165,000.00 |
$370.00 |
11.7% |
|
7 |
Collinsville |
Whitsunday |
4804 |
QLD |
$160,000.00 |
$350.00 |
11.4% |
|
8 |
Nickol |
Karratha |
6714 |
WA |
$565,000.00 |
$1,200.00 |
11.0% |
|
9 |
South Boulder |
Kalgoorlie-Boulder |
6432 |
WA |
$238,750.00 |
$500.00 |
10.9% |
|
10 |
Dysart |
Isaac |
4745 |
QLD |
$185,000.00 |
$377.50 |
10.6% |
|
11 |
Pegs Creek |
Karratha |
6714 |
WA |
$482,500.00 |
$975.00 |
10.5% |
|
12 |
Moora |
Moora |
6510 |
WA |
$200,000.00 |
$400.00 |
10.4% |
|
13 |
Newman |
East Pilbara |
6753 |
WA |
$325,000.00 |
$650.00 |
10.4% |
|
14 |
South Hedland |
Port Hedland |
6722 |
WA |
$450,000.00 |
$900.00 |
10.4% |
|
15 |
Millars Well |
Karratha |
6714 |
WA |
$479,750.00 |
$950.00 |
10.3% |
|
16 |
Baynton |
Karratha |
6714 |
WA |
$710,000.00 |
$1,400.00 |
10.3% |
|
17 |
Anketell |
Kwinana |
6167 |
WA |
$295,000.00 |
$580.00 |
10.2% |
|
18 |
Merredin |
Merredin |
6415 |
WA |
$180,000.00 |
$350.00 |
10.1% |
|
19 |
South Lismore |
Lismore |
2480 |
NSW |
$248,500.00 |
$480.00 |
10.0% |
|
20 |
Port Hedland |
Port Hedland |
6721 |
WA |
$712,000.00 |
$1,350.00 |
9.9% |
|
21 |
Ouyen |
Mildura |
3490 |
VIC |
$182,175.00 |
$345.00 |
9.8% |
|
22 |
Derby |
Derby-West Kimberley |
6728 |
WA |
$200,000.00 |
$375.00 |
9.8% |
|
23 |
Monto |
North Burnett |
4630 |
QLD |
$189,500.00 |
$350.00 |
9.6% |
|
24 |
Moranbah |
Isaac |
4744 |
QLD |
$325,000.00 |
$600.00 |
9.6% |
|
25 |
Mornington |
Mount Isa |
4825 |
QLD |
$260,000.00 |
$480.00 |
9.6% |
|
26 |
Rangeway |
Greater Geraldton |
6530 |
WA |
$190,000.00 |
$350.00 |
9.6% |
|
27 |
Piccadilly |
Kalgoorlie-Boulder |
6430 |
WA |
$342,500.00 |
$625.00 |
9.5% |
|
28 |
Boulder |
Kalgoorlie-Boulder |
6432 |
WA |
$285,000.00 |
$520.00 |
9.5% |
|
29 |
Depot Hill |
Rockhampton |
4700 |
QLD |
$205,000.00 |
$370.00 |
9.4% |
|
30 |
Cloncurry |
Cloncurry |
4824 |
QLD |
$210,500.00 |
$375.00 |
9.3% |
|
31 |
Bulgarra |
Karratha |
6714 |
WA |
$518,750.00 |
$912.50 |
9.1% |
|
32 |
Townview |
Mount Isa |
4825 |
QLD |
$257,000.00 |
$450.00 |
9.1% |
|
33 |
Port Pirie West |
Port Pirie |
5540 |
SA |
$183,000.00 |
$320.00 |
9.1% |
|
34 |
South Kalgoorlie |
Kalgoorlie-Boulder |
6430 |
WA |
$315,000.00 |
$550.00 |
9.1% |
|
35 |
Broken Hill |
Broken Hill |
2880 |
NSW |
$185,000.00 |
$320.00 |
9.0% |
|
36 |
North Lismore |
Lismore |
2480 |
NSW |
$285,000.00 |
$492.50 |
9.0% |
|
37 |
Mount Morgan |
Rockhampton |
4714 |
QLD |
$210,000.00 |
$360.00 |
8.9% |
|
38 |
Pioneer |
Mount Isa |
4825 |
QLD |
$237,000.00 |
$405.00 |
8.9% |
|
39 |
Rockhampton City |
Rockhampton |
4700 |
QLD |
$235,000.00 |
$400.00 |
8.9% |
|
40 |
Peterborough |
Peterborough |
5422 |
SA |
$148,000.00 |
$250.00 |
8.8% |
|
41 |
Soldiers Hill |
Mount Isa |
4825 |
QLD |
$297,500.00 |
$500.00 |
8.7% |
|
42 |
Solomontown |
Port Pirie |
5540 |
SA |
$187,500.00 |
$315.00 |
8.7% |
|
43 |
Somerville |
Kalgoorlie-Boulder |
6430 |
WA |
$477,000.00 |
$800.00 |
8.7% |
|
44 |
South Carnarvon |
Carnarvon |
6701 |
WA |
$200,000.00 |
$335.00 |
8.7% |
|
45 |
Blackwater |
Central Highlands (Qld) |
4717 |
QLD |
$216,000.00 |
$360.00 |
8.7% |
|
46 |
Sunset |
Mount Isa |
4825 |
QLD |
$278,000.00 |
$460.00 |
8.6% |
|
47 |
Hannans |
Kalgoorlie-Boulder |
6430 |
WA |
$440,000.00 |
$725.00 |
8.6% |
|
48 |
West Lamington |
Kalgoorlie-Boulder |
6430 |
WA |
$382,500.00 |
$630.00 |
8.6% |
|
49 |
Tennant Creek |
Barkly |
860 |
NT |
$270,000.00 |
$440.00 |
8.5% |
|
50 |
Capella |
Central Highlands (Qld) |
4723 |
QLD |
$235,000.00 |
$380.00 |
8.4% |
|
51 |
Charters Towers City |
Charters Towers |
4820 |
QLD |
$208,500.00 |
$335.00 |
8.4% |
|
52 |
Cable Beach |
Broome |
6726 |
WA |
$622,500.00 |
$1,000.00 |
8.4% |
|
53 |
Girards Hill |
Lismore |
2480 |
NSW |
$325,000.00 |
$520.00 |
8.3% |
|
54 |
Charleville |
Murweh |
4470 |
QLD |
$160,000.00 |
$255.00 |
8.3% |
|
55 |
Bonalbo |
Kyogle |
2469 |
NSW |
$220,000.00 |
$350.00 |
8.3% |
|
56 |
Kalgoorlie |
Kalgoorlie-Boulder |
6430 |
WA |
$349,500.00 |
$550.00 |
8.2% |
|
57 |
Moura |
Banana |
4718 |
QLD |
$222,500.00 |
$350.00 |
8.2% |
|
58 |
Longreach |
Longreach |
4730 |
QLD |
$220,000.00 |
$345.00 |
8.2% |
|
59 |
Ingham |
Hinchinbrook |
4850 |
QLD |
$211,000.00 |
$330.00 |
8.1% |
|
60 |
Brandon |
Burdekin |
4808 |
QLD |
$200,000.00 |
$310.00 |
8.1% |
|
61 |
Happy Valley |
Mount Isa |
4825 |
QLD |
$310,000.00 |
$480.00 |
8.1% |
|
62 |
Lamington |
Kalgoorlie-Boulder |
6430 |
WA |
$420,000.00 |
$650.00 |
8.0% |
|
63 |
Healy |
Mount Isa |
4825 |
QLD |
$388,000.00 |
$600.00 |
8.0% |
|
64 |
Parkside |
Mount Isa |
4825 |
QLD |
$280,000.00 |
$430.00 |
8.0% |
|
65 |
Blackall |
Blackall Tambo |
4472 |
QLD |
$180,000.00 |
$275.00 |
7.9% |
|
66 |
Onslow |
Ashburton |
6710 |
WA |
$497,500.00 |
$750.00 |
7.8% |
|
67 |
Broome |
Broome |
6725 |
WA |
$600,000.00 |
$900.00 |
7.8% |
|
68 |
Boddington |
Boddington |
6390 |
WA |
$301,250.00 |
$450.00 |
7.8% |
|
69 |
Brisbane City |
Brisbane |
4000 |
QLD |
$418,500.00 |
$625.00 |
7.8% |
|
70 |
Queenstown |
West Coast |
7467 |
TAS |
$187,500.00 |
$280.00 |
7.8% |
|
71 |
Lismore |
Lismore |
2480 |
NSW |
$335,000.00 |
$500.00 |
7.8% |
|
72 |
Port Augusta |
Port Augusta |
5700 |
SA |
$215,000.00 |
$320.00 |
7.7% |
|
73 |
Risdon Park |
Port Pirie |
5540 |
SA |
$250,000.00 |
$370.00 |
7.7% |
|
74 |
Katanning |
Katanning |
6317 |
WA |
$240,000.00 |
$355.00 |
7.7% |
|
75 |
Darwin City |
Darwin |
800 |
NT |
$433,750.00 |
$640.00 |
7.7% |
|
76 |
Collie |
Collie |
6225 |
WA |
$295,000.00 |
$435.00 |
7.7% |
|
77 |
Cobar |
Cobar |
2835 |
NSW |
$204,000.00 |
$300.00 |
7.6% |
|
78 |
Nebo |
Isaac |
4742 |
QLD |
$252,500.00 |
$370.00 |
7.6% |
|
79 |
Whyalla Norrie |
Whyalla |
5608 |
SA |
$205,000.00 |
$300.00 |
7.6% |
|
80 |
Djugun |
Broome |
6725 |
WA |
$670,000.00 |
$980.00 |
7.6% |
|
81 |
Home Hill |
Burdekin |
4806 |
QLD |
$210,000.00 |
$305.00 |
7.6% |
|
82 |
East Innisfail |
Cassowary Coast |
4860 |
QLD |
$256,255.00 |
$370.00 |
7.5% |
|
83 |
Utakarra |
Greater Geraldton |
6530 |
WA |
$265,000.00 |
$380.00 |
7.5% |
|
84 |
Berrigan |
Berrigan |
2712 |
NSW |
$248,000.00 |
$355.00 |
7.4% |
|
85 |
Lochinvar |
Maitland |
2321 |
NSW |
$480,000.00 |
$680.00 |
7.4% |
|
86 |
Whyalla Stuart |
Whyalla |
5608 |
SA |
$198,000.00 |
$280.00 |
7.4% |
|
87 |
Cooktown |
Cook |
4895 |
QLD |
$347,500.00 |
$490.00 |
7.3% |
|
88 |
Barney Point |
Gladstone |
4680 |
QLD |
$270,000.00 |
$380.00 |
7.3% |
|
89 |
Hopetoun |
Ravensthorpe |
6348 |
WA |
$320,000.00 |
$450.00 |
7.3% |
|
90 |
Stapylton |
Gold Coast |
4207 |
QLD |
$285,000.00 |
$400.00 |
7.3% |
|
91 |
Gray |
Palmerston |
830 |
NT |
$360,000.00 |
$505.00 |
7.3% |
|
92 |
Berserker |
Rockhampton |
4701 |
QLD |
$300,000.00 |
$420.00 |
7.3% |
|
93 |
Narrogin |
Narrogin |
6312 |
WA |
$250,000.00 |
$350.00 |
7.3% |
|
94 |
Moulden |
Palmerston |
830 |
NT |
$365,000.00 |
$500.00 |
7.1% |
|
95 |
Curlewis |
Gunnedah |
2381 |
NSW |
$285,000.00 |
$390.00 |
7.1% |
|
96 |
Larapinta |
Alice Springs |
875 |
NT |
$425,000.00 |
$580.00 |
7.1% |
|
97 |
Garbutt |
Townsville |
4814 |
QLD |
$330,000.00 |
$450.00 |
7.1% |
|
98 |
Innisfail |
Cassowary Coast |
4860 |
QLD |
$235,000.00 |
$320.00 |
7.1% |
|
99 |
Clermont |
Isaac |
4721 |
QLD |
$280,000.00 |
$380.00 |
7.1% |
|
100 |
Boggabri |
Narrabri |
2382 |
NSW |
$315,000.00 |
$425.00 |
7.0% |
Source: CoreLogic. Data reported to the period ending January 2024. Median values account for sales transactions over 12 months.
Top 100 rental yield suburbs in Australia for units
|
Suburb |
LGA |
Postcode |
State |
Median property price |
Median weekly rent |
Annual rental yield |
|
|---|---|---|---|---|---|---|---|
|
1 |
Bucasia |
Mackay |
4750 |
QLD |
$110,000.00 |
$365.00 |
17.3% |
|
2 |
Baynton |
Karratha |
6714 |
WA |
$410,000.00 |
$1,250.00 |
15.9% |
|
3 |
Middlemount |
Isaac |
4746 |
QLD |
$130,000.00 |
$320.00 |
12.8% |
|
4 |
Koongal |
Rockhampton |
4701 |
QLD |
$143,500.00 |
$340.00 |
12.3% |
|
5 |
South Kalgoorlie |
Kalgoorlie-Boulder |
6430 |
WA |
$195,000.00 |
$450.00 |
12.0% |
|
6 |
Moranbah |
Isaac |
4744 |
QLD |
$262,500.00 |
$600.00 |
11.9% |
|
7 |
Newman |
East Pilbara |
6753 |
WA |
$192,000.00 |
$437.50 |
11.8% |
|
8 |
South Hedland |
Port Hedland |
6722 |
WA |
$320,000.00 |
$700.00 |
11.4% |
|
9 |
Bulgarra |
Karratha |
6714 |
WA |
$275,000.00 |
$595.00 |
11.3% |
|
10 |
Boulder |
Kalgoorlie-Boulder |
6432 |
WA |
$214,150.00 |
$450.00 |
10.9% |
|
11 |
Sadadeen |
Alice Springs |
870 |
NT |
$210,000.00 |
$430.00 |
10.6% |
|
12 |
Piccadilly |
Kalgoorlie-Boulder |
6430 |
WA |
$235,000.00 |
$480.00 |
10.6% |
|
13 |
Roxby Downs |
Roxby Downs |
5725 |
SA |
$155,500.00 |
$310.00 |
10.4% |
|
14 |
Somerville |
Kalgoorlie-Boulder |
6430 |
WA |
$286,000.00 |
$550.00 |
10.0% |
|
15 |
Wembley Downs |
Stirling |
6019 |
WA |
$358,000.00 |
$685.00 |
9.9% |
|
16 |
Cable Beach |
Broome |
6726 |
WA |
$336,000.00 |
$630.00 |
9.8% |
|
17 |
Deagon |
Brisbane |
4017 |
QLD |
$200,000.00 |
$372.50 |
9.7% |
|
18 |
Pegs Creek |
Karratha |
6714 |
WA |
$415,000.00 |
$765.00 |
9.6% |
|
19 |
Kalgoorlie |
Kalgoorlie-Boulder |
6430 |
WA |
$277,000.00 |
$500.00 |
9.4% |
|
20 |
Orelia |
Kwinana |
6167 |
WA |
$210,000.00 |
$377.50 |
9.3% |
|
21 |
Currajong |
Townsville |
4812 |
QLD |
$175,000.00 |
$312.50 |
9.3% |
|
22 |
Port Hedland |
Port Hedland |
6721 |
WA |
$430,361.50 |
$767.50 |
9.3% |
|
23 |
Cranbrook |
Townsville |
4814 |
QLD |
$180,000.00 |
$320.00 |
9.2% |
|
24 |
Darwin |
Darwin |
800 |
NT |
$360,000.00 |
$637.50 |
9.2% |
|
25 |
Emerald |
Central Highlands (Qld) |
4720 |
QLD |
$199,500.00 |
$350.00 |
9.1% |
|
26 |
Bungalow |
Cairns |
4870 |
QLD |
$205,500.00 |
$360.00 |
9.1% |
|
27 |
Karama |
Darwin |
812 |
NT |
$257,000.00 |
$450.00 |
9.1% |
|
28 |
Manunda |
Cairns |
4870 |
QLD |
$205,000.00 |
$350.00 |
8.9% |
|
29 |
Gray |
Palmerston |
830 |
NT |
$252,500.00 |
$430.00 |
8.9% |
|
30 |
Withers |
Bunbury |
6230 |
WA |
$188,000.00 |
$320.00 |
8.9% |
|
31 |
Driver |
Palmerston |
830 |
NT |
$260,500.00 |
$440.00 |
8.8% |
|
32 |
Bayswater |
Bayswater |
6053 |
WA |
$310,000.00 |
$520.00 |
8.7% |
|
33 |
Glendalough |
Stirling |
6016 |
WA |
$300,000.00 |
$500.00 |
8.7% |
|
34 |
Hyde Park |
Townsville |
4812 |
QLD |
$195,500.00 |
$320.00 |
8.5% |
|
35 |
New Auckland |
Gladstone |
4680 |
QLD |
$191,000.00 |
$310.00 |
8.4% |
|
36 |
Earlville |
Cairns |
4870 |
QLD |
$259,000.00 |
$420.00 |
8.4% |
|
37 |
South Gladstone |
Gladstone |
4680 |
QLD |
$185,000.00 |
$300.00 |
8.4% |
|
38 |
Cardwell |
Cassowary Coast |
4849 |
QLD |
$210,000.00 |
$340.00 |
8.4% |
|
39 |
Aitkenvale |
Townsville |
4814 |
QLD |
$210,000.00 |
$340.00 |
8.4% |
|
40 |
Geraldton |
Greater Geraldton |
6530 |
WA |
$185,000.00 |
$299.00 |
8.4% |
|
41 |
Idalia |
Townsville |
4811 |
QLD |
$270,000.00 |
$430.00 |
8.3% |
|
42 |
Rosslea |
Townsville |
4812 |
QLD |
$224,500.00 |
$355.00 |
8.2% |
|
43 |
Sorrento |
Joondalup |
6020 |
WA |
$305,000.00 |
$480.00 |
8.2% |
|
44 |
Millner |
Darwin |
810 |
NT |
$299,500.00 |
$467.50 |
8.1% |
|
45 |
Warabrook |
Newcastle |
2304 |
NSW |
$321,475.00 |
$500.00 |
8.1% |
|
46 |
Red Hill |
Unincorporated ACT |
2603 |
ACT |
$499,975.00 |
$777.50 |
8.1% |
|
47 |
Bakewell |
Palmerston |
832 |
NT |
$290,000.00 |
$450.00 |
8.1% |
|
48 |
Hermit Park |
Townsville |
4812 |
QLD |
$213,000.00 |
$330.00 |
8.1% |
|
49 |
Broome |
Broome |
6725 |
WA |
$387,500.00 |
$600.00 |
8.1% |
|
50 |
Blacks Beach |
Mackay |
4740 |
QLD |
$297,500.00 |
$460.00 |
8.0% |
|
51 |
Lockridge |
Swan |
6054 |
WA |
$275,000.00 |
$425.00 |
8.0% |
|
52 |
Moree |
Moree Plains |
2400 |
NSW |
$175,000.00 |
$270.00 |
8.0% |
|
53 |
Mira Mar |
Albany |
6330 |
WA |
$250,000.00 |
$385.00 |
8.0% |
|
54 |
West Gladstone |
Gladstone |
4680 |
QLD |
$195,000.00 |
$300.00 |
8.0% |
|
55 |
South Mackay |
Mackay |
4740 |
QLD |
$260,000.00 |
$400.00 |
8.0% |
|
56 |
Renown Park |
Charles Sturt |
5008 |
SA |
$355,000.00 |
$545.00 |
8.0% |
|
57 |
Kununurra |
Wyndham-East Kimberley |
6743 |
WA |
$272,000.00 |
$417.50 |
8.0% |
|
58 |
Pimlico |
Townsville |
4812 |
QLD |
$219,000.00 |
$335.00 |
8.0% |
|
59 |
Railway Estate |
Townsville |
4810 |
QLD |
$230,000.00 |
$350.00 |
7.9% |
|
60 |
Douglas |
Townsville |
4814 |
QLD |
$270,000.00 |
$410.00 |
7.9% |
|
61 |
Araluen |
Alice Springs |
870 |
NT |
$301,000.00 |
$455.00 |
7.9% |
|
62 |
Garbutt |
Townsville |
4814 |
QLD |
$232,500.00 |
$350.00 |
7.8% |
|
63 |
Beresford |
Greater Geraldton |
6530 |
WA |
$215,000.00 |
$320.00 |
7.7% |
|
64 |
Johnston |
Palmerston |
832 |
NT |
$350,000.00 |
$520.00 |
7.7% |
|
65 |
Melbourne |
Melbourne |
3000 |
VIC |
$410,750.00 |
$610.00 |
7.7% |
|
66 |
Parap |
Darwin |
820 |
NT |
$371,000.00 |
$550.00 |
7.7% |
|
67 |
Holloways Beach |
Cairns |
4878 |
QLD |
$270,000.00 |
$400.00 |
7.7% |
|
68 |
Condon |
Townsville |
4815 |
QLD |
$270,000.00 |
$400.00 |
7.7% |
|
69 |
Bedford |
Bayswater |
6052 |
WA |
$405,000.00 |
$600.00 |
7.7% |
|
70 |
Cannonvale |
Whitsunday |
4802 |
QLD |
$338,000.00 |
$500.00 |
7.7% |
|
71 |
Wellard |
Kwinana |
6170 |
WA |
$325,000.00 |
$480.00 |
7.7% |
|
72 |
Hamilton Hill |
Cockburn |
6163 |
WA |
$340,000.00 |
$500.00 |
7.6% |
|
73 |
Wongaling Beach |
Cassowary Coast |
4852 |
QLD |
$245,000.00 |
$360.00 |
7.6% |
|
74 |
Coolalinga |
Litchfield |
839 |
NT |
$300,000.00 |
$440.00 |
7.6% |
|
75 |
Leanyer |
Darwin |
812 |
NT |
$330,000.00 |
$482.50 |
7.6% |
|
76 |
the Gap |
Alice Springs |
870 |
NT |
$260,000.00 |
$380.00 |
7.6% |
|
77 |
Mundingburra |
Townsville |
4812 |
QLD |
$240,000.00 |
$350.00 |
7.6% |
|
78 |
Langford |
Gosnells |
6147 |
WA |
$322,500.00 |
$470.00 |
7.6% |
|
79 |
Goodna |
Ipswich |
4300 |
QLD |
$275,000.00 |
$400.00 |
7.6% |
|
80 |
Carlton |
Melbourne |
3053 |
VIC |
$337,500.00 |
$490.00 |
7.5% |
|
81 |
Wembley |
Cambridge |
6014 |
WA |
$310,000.00 |
$450.00 |
7.5% |
|
82 |
Kin Kora |
Gladstone |
4680 |
QLD |
$255,000.00 |
$370.00 |
7.5% |
|
83 |
Heatley |
Townsville |
4814 |
QLD |
$200,000.00 |
$290.00 |
7.5% |
|
84 |
Girrawheen |
Wanneroo |
6064 |
WA |
$330,000.00 |
$475.00 |
7.5% |
|
85 |
Glen Eden |
Gladstone |
4680 |
QLD |
$272,000.00 |
$390.00 |
7.5% |
|
86 |
West End |
Townsville |
4810 |
QLD |
$237,500.00 |
$340.00 |
7.4% |
|
87 |
Gracemere |
Rockhampton |
4702 |
QLD |
$290,000.00 |
$415.00 |
7.4% |
|
88 |
Rosebery |
Palmerston |
832 |
NT |
$350,000.00 |
$500.00 |
7.4% |
|
89 |
Edmonton |
Cairns |
4869 |
QLD |
$262,500.00 |
$375.00 |
7.4% |
|
90 |
Kewarra Beach |
Cairns |
4879 |
QLD |
$367,500.00 |
$525.00 |
7.4% |
|
91 |
Manoora |
Cairns |
4870 |
QLD |
$260,000.00 |
$370.00 |
7.4% |
|
92 |
Chinchilla |
Western Downs |
4413 |
QLD |
$240,000.00 |
$340.00 |
7.4% |
|
93 |
Kingaroy |
South Burnett |
4610 |
QLD |
$240,000.00 |
$340.00 |
7.4% |
|
94 |
East Bunbury |
Bunbury |
6230 |
WA |
$332,500.00 |
$470.00 |
7.4% |
|
95 |
Cannington |
Canning |
6107 |
WA |
$360,000.00 |
$508.75 |
7.3% |
|
96 |
Travancore |
Moonee Valley |
3032 |
VIC |
$340,000.00 |
$480.00 |
7.3% |
|
97 |
Halls Head |
Mandurah |
6210 |
WA |
$365,000.00 |
$515.00 |
7.3% |
|
98 |
Bowen |
Whitsunday |
4805 |
QLD |
$280,000.00 |
$395.00 |
7.3% |
|
99 |
Kelmscott |
Armadale |
6111 |
WA |
$319,000.00 |
$450.00 |
7.3% |
|
100 |
East Mackay |
Mackay |
4740 |
QLD |
$270,000.00 |
$380.00 |
7.3% |
Source: CoreLogic. Data reported to the period ending January 2024. Median values account for sales transactions over 12 months.
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
Denise Raward
Brooke Cooper
Jacob Cocciolone
