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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.
The number one suburb for gross rental yield for houses was Tom Price in Western Australia. Tom Price is in Western Australia’s Pilbara region, known for its vast natural resources and as one of the mining capitals of Australia. As of the end of November '23, the median house price in Tom Price was $655,000 with a median advertised rent of $1,950, putting average rental yields at 15%.
For units, it was Bucasia in Mackay, Queensland. The median unit price in Bucasia was just $110,000, but with a median avertised rent of $355, putting rental yields at 17%.
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, where the average rental yield for houses was 15% in December 2023. The Pilbara region 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 to November 2023, the median house price in Tom Price went from $652,500 to $655,000, a 0.003% increase. Over the same period, median rents went from $1,775 to $1,950, up 9.8%.
Likewise, Newman, South Headland and Nicol are other suburbs in or nearby to Pilbara that all feature in the top ten for houses, with South Hedland also appearing for units.
The majority of the suburbs in the top 100 lists lie outside of the capital cities of the respective states. For houses, only Brisbane City (96th), Moulden (Darwin, 98th) and Darwin City (72nd) made the cut from capital city statistical divisions. For units, as you’d probably expect, the capitals made a slightly better showing. There were 15 Greater Perth Suburbs, 12 from Darwin, three from Melbourne and one each from Brisbane and Adelaide that made the list, but that’s still well over half of the top rental yield suburbs coming 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 November '23:
State |
Area |
Property Type |
Median Price |
Weekly Median Advertised Rent |
Gross Rental Yield |
ACT |
Metro |
Houses |
$957,000 |
$675 |
3.7% |
ACT |
Metro |
Units |
$600,000 |
$555 |
4.9% |
NSW |
Metro |
Houses |
$1,420,000 |
$700 |
2.7% |
NSW |
Metro |
Units |
$780,000 |
$650 |
4.4% |
NT |
Metro |
Houses |
$585,500 |
$650 |
5.8% |
NT |
Metro |
Units |
$381,500 |
$520 |
7.0% |
QLD |
Metro |
Houses |
$815,000 |
$580 |
3.9% |
QLD |
Metro |
Units |
$535,000 |
$525 |
5.4% |
SA |
Metro |
Houses |
$735,000 |
$540 |
4.0% |
SA |
Metro |
Units |
$485,000 |
$450 |
5.1% |
TAS |
Metro |
Houses |
$710,000 |
$540 |
4.0% |
TAS |
Metro |
Units |
$550,000 |
$460 |
4.4% |
VIC |
Metro |
Houses |
$902,500 |
$520 |
3.1% |
VIC |
Metro |
Units |
$635,000 |
$500 |
4.3% |
WA |
Metro |
Houses |
$630,000 |
$580 |
5.1% |
WA |
Metro |
Units |
$430,000 |
$525 |
6.6% |
NSW |
Country |
Houses |
$715,000 |
$550 |
4.0% |
NSW |
Country |
Units |
$600,500 |
$450 |
3.9% |
NT |
Country |
Houses |
$470,000 |
$550 |
6.1% |
NT |
Country |
Units |
$297,000 |
$410 |
6.9% |
QLD |
Country |
Houses |
$595,000 |
$570 |
5.2% |
QLD |
Country |
Units |
$550,000 |
$490 |
4.8% |
SA |
Country |
Houses |
$400,000 |
$375 |
5.1% |
SA |
Country |
Units |
$315,000 |
$280 |
4.9% |
TAS |
Country |
Houses |
$535,000 |
$440 |
4.3% |
TAS |
Country |
Units |
$410,000 |
$380 |
4.8% |
VIC |
Country |
Houses |
$580,000 |
$450 |
4.1% |
VIC |
Country |
Units |
$410,000 |
$370 |
4.7% |
WA |
Country |
Houses |
$462,750 |
$550 |
6.4% |
WA |
Country |
Units |
$320,000 |
$500 |
8.4% |
Data from CoreLogic
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 (as of February ‘24) 4.35%, and many are also predicting cuts around Q3. 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.
Top 100 rental yield suburbs in Australia for houses
Suburb |
Postcode |
State |
Median property Price |
Median weekly advertised rent |
Annual rental yield |
|
---|---|---|---|---|---|---|
1 |
Tom Price |
6751 |
WA |
$655,000.00 |
$1,950.00 |
15% |
2 |
Kambalda East |
6442 |
WA |
$119,000.00 |
$320.00 |
14% |
3 |
Scottville |
4804 |
QLD |
$139,500.00 |
$350.00 |
13% |
4 |
Kambalda West |
6442 |
WA |
$160,000.00 |
$360.00 |
12% |
5 |
Nickol |
6714 |
WA |
$569,000.00 |
$1,250.00 |
11% |
6 |
Collinsville |
4804 |
QLD |
$160,000.00 |
$350.00 |
11% |
7 |
South Hedland |
6722 |
WA |
$425,000.00 |
$897.25 |
11% |
8 |
Newman |
6753 |
WA |
$322,500.00 |
$662.50 |
11% |
9 |
South Boulder |
6432 |
WA |
$246,250.00 |
$500.00 |
11% |
10 |
South Lismore |
2480 |
NSW |
$245,000.00 |
$482.50 |
10% |
11 |
Millars Well |
6714 |
WA |
$479,750.00 |
$942.50 |
10% |
12 |
Dysart |
4745 |
QLD |
$190,000.00 |
$370.00 |
10% |
13 |
Capella |
4723 |
QLD |
$187,500.00 |
$365.00 |
10% |
14 |
Baynton |
6714 |
WA |
$700,000.00 |
$1,350.00 |
10% |
15 |
Port Hedland |
6721 |
WA |
$715,500.00 |
$1,350.00 |
10% |
16 |
Mornington |
4825 |
QLD |
$260,000.00 |
$490.00 |
10% |
17 |
Pegs Creek |
6714 |
WA |
$480,000.00 |
$900.00 |
10% |
18 |
Ouyen |
3490 |
VIC |
$180,000.00 |
$335.00 |
10% |
19 |
Merredin |
6415 |
WA |
$190,000.00 |
$350.00 |
10% |
20 |
Boulder |
6432 |
WA |
$285,000.00 |
$520.00 |
9% |
21 |
Rangeway |
6530 |
WA |
$189,500.00 |
$340.00 |
9% |
22 |
Peterborough |
5422 |
SA |
$140,000.00 |
$250.00 |
9% |
23 |
Depot Hill |
4700 |
QLD |
$205,000.00 |
$365.00 |
9% |
24 |
Solomontown |
5540 |
SA |
$183,500.00 |
$325.00 |
9% |
25 |
Nagambie |
3608 |
VIC |
$650,000.00 |
$1,145.00 |
9% |
26 |
Moranbah |
4744 |
QLD |
$330,000.00 |
$580.00 |
9% |
27 |
Mount Morgan |
4714 |
QLD |
$205,000.00 |
$360.00 |
9% |
28 |
Townview |
4825 |
QLD |
$257,000.00 |
$450.00 |
9% |
29 |
Moora |
6510 |
WA |
$200,000.00 |
$350.00 |
9% |
30 |
Broken Hill |
2880 |
NSW |
$190,000.00 |
$330.00 |
9% |
31 |
Port Pirie West |
5540 |
SA |
$179,000.00 |
$310.00 |
9% |
32 |
Tennant Creek |
860 |
NT |
$260,000.00 |
$450.00 |
9% |
33 |
South Kalgoorlie |
6430 |
WA |
$315,000.00 |
$545.00 |
9% |
34 |
Cloncurry |
4824 |
QLD |
$215,500.00 |
$372.50 |
9% |
35 |
Piccadilly |
6430 |
WA |
$350,000.00 |
$600.00 |
9% |
36 |
North Lismore |
2480 |
NSW |
$285,000.00 |
$485.00 |
9% |
37 |
Soldiers Hill |
4825 |
QLD |
$297,000.00 |
$500.00 |
9% |
38 |
Blackwater |
4717 |
QLD |
$210,000.00 |
$350.00 |
9% |
39 |
Somerville |
6430 |
WA |
$480,000.00 |
$800.00 |
9% |
40 |
Ravensthorpe |
6346 |
WA |
$210,000.00 |
$350.00 |
9% |
41 |
Sunset |
4825 |
QLD |
$276,500.00 |
$460.00 |
9% |
42 |
Quorn |
5433 |
SA |
$175,000.00 |
$290.00 |
9% |
43 |
Rockhampton City |
4700 |
QLD |
$230,000.00 |
$380.00 |
9% |
44 |
West Lamington |
6430 |
WA |
$387,500.00 |
$640.00 |
9% |
45 |
Bulgarra |
6714 |
WA |
$515,000.00 |
$850.00 |
9% |
46 |
Charleville |
4470 |
QLD |
$155,000.00 |
$255.00 |
9% |
47 |
Derby |
6728 |
WA |
$225,000.00 |
$370.00 |
9% |
48 |
Pioneer |
4825 |
QLD |
$250,000.00 |
$410.00 |
9% |
49 |
Cable Beach |
6726 |
WA |
$620,000.00 |
$1,000.00 |
8% |
50 |
Moura |
4718 |
QLD |
$219,000.00 |
$350.00 |
8% |
51 |
Kalgoorlie |
6430 |
WA |
$345,000.00 |
$550.00 |
8% |
52 |
Broome |
6725 |
WA |
$565,000.00 |
$900.00 |
8% |
53 |
Hannans |
6430 |
WA |
$440,000.00 |
$700.00 |
8% |
54 |
Katherine South |
850 |
NT |
$272,000.00 |
$430.00 |
8% |
55 |
Ingham |
4850 |
QLD |
$210,000.00 |
$330.00 |
8% |
56 |
Happy Valley |
4825 |
QLD |
$306,000.00 |
$480.00 |
8% |
57 |
Parkside |
4825 |
QLD |
$276,000.00 |
$430.00 |
8% |
58 |
Charters Towers City |
4820 |
QLD |
$212,250.00 |
$330.00 |
8% |
59 |
Healy |
4825 |
QLD |
$386,000.00 |
$600.00 |
8% |
60 |
Longreach |
4730 |
QLD |
$218,750.00 |
$340.00 |
8% |
61 |
Stapylton |
4207 |
QLD |
$274,250.00 |
$425.00 |
8% |
62 |
Lismore |
2480 |
NSW |
$320,000.00 |
$495.00 |
8% |
63 |
Blackall |
4472 |
QLD |
$180,000.00 |
$277.50 |
8% |
64 |
Boddington |
6390 |
WA |
$295,000.00 |
$450.00 |
8% |
65 |
Lamington |
6430 |
WA |
$395,000.00 |
$600.00 |
8% |
66 |
Nebo |
4742 |
QLD |
$246,000.00 |
$370.00 |
8% |
67 |
Home Hill |
4806 |
QLD |
$200,000.00 |
$300.00 |
8% |
68 |
Wee Waa |
2388 |
NSW |
$237,500.00 |
$355.00 |
8% |
69 |
Port Augusta |
5700 |
SA |
$215,000.00 |
$320.00 |
8% |
70 |
Wagin |
6315 |
WA |
$185,000.00 |
$275.00 |
8% |
71 |
Cobar |
2835 |
NSW |
$203,000.00 |
$300.00 |
8% |
72 |
Darwin City |
800 |
NT |
$433,750.00 |
$640.00 |
8% |
73 |
Whyalla Stuart |
5608 |
SA |
$190,000.00 |
$280.00 |
8% |
74 |
Queenstown |
7467 |
TAS |
$190,000.00 |
$280.00 |
8% |
75 |
Woodburn |
2472 |
NSW |
$375,000.00 |
$550.00 |
8% |
76 |
Narrogin |
6312 |
WA |
$230,000.00 |
$335.00 |
8% |
77 |
Allenstown |
4700 |
QLD |
$310,000.00 |
$450.00 |
8% |
78 |
East Innisfail |
4860 |
QLD |
$255,000.00 |
$370.00 |
8% |
79 |
Djugun |
6725 |
WA |
$655,000.00 |
$950.00 |
8% |
80 |
Whyalla Norrie |
5608 |
SA |
$200,000.00 |
$290.00 |
8% |
81 |
Katanning |
6317 |
WA |
$235,000.00 |
$340.00 |
8% |
82 |
Cooktown |
4895 |
QLD |
$350,000.00 |
$500.00 |
7% |
83 |
Brandon |
4808 |
QLD |
$210,000.00 |
$300.00 |
7% |
84 |
Lochinvar |
2321 |
NSW |
$478,500.00 |
$680.00 |
7% |
85 |
Barney Point |
4680 |
QLD |
$275,000.00 |
$390.00 |
7% |
86 |
Larapinta |
875 |
NT |
$425,000.00 |
$600.00 |
7% |
87 |
Exmouth |
6707 |
WA |
$675,000.00 |
$950.00 |
7% |
88 |
Berrigan |
2712 |
NSW |
$249,000.00 |
$350.00 |
7% |
89 |
Berserker |
4701 |
QLD |
$297,500.00 |
$417.50 |
7% |
90 |
Hillston |
2675 |
NSW |
$250,000.00 |
$350.00 |
7% |
91 |
Gilgandra |
2827 |
NSW |
$250,000.00 |
$350.00 |
7% |
92 |
Queenton |
4820 |
QLD |
$250,000.00 |
$350.00 |
7% |
93 |
Bicheno |
7215 |
TAS |
$683,000.00 |
$955.00 |
7% |
94 |
Nulsen |
6450 |
WA |
$240,000.00 |
$335.00 |
7% |
95 |
Clermont |
4721 |
QLD |
$272,500.00 |
$380.00 |
7% |
96 |
Brisbane City |
4000 |
QLD |
$445,000.00 |
$620.00 |
7% |
97 |
Utakarra |
6530 |
WA |
$270,000.00 |
$370.00 |
7% |
98 |
Moulden |
830 |
NT |
$365,000.00 |
$500.00 |
7% |
99 |
Park Avenue |
4701 |
QLD |
$321,500.00 |
$440.00 |
7% |
100 |
Collie |
6225 |
WA |
$292,500.00 |
$400.00 |
7% |
Top 100 rental yield suburbs in Australia for units (October '23)
Suburb |
Postcode |
State |
Median property price |
Median weekly rent |
Annual rental yield |
|
---|---|---|---|---|---|---|
1 |
Bucasia |
4750 |
QLD |
$110,000.00 |
$355.00 |
17% |
2 |
Baynton |
6714 |
WA |
$400,000.00 |
$1,200.00 |
16% |
3 |
Middlemount |
4746 |
QLD |
$135,000.00 |
$320.00 |
12% |
4 |
Koongal |
4701 |
QLD |
$140,000.00 |
$330.00 |
12% |
5 |
Bulgarra |
6714 |
WA |
$250,000.00 |
$587.50 |
12% |
6 |
Newman |
6753 |
WA |
$192,000.00 |
$450.00 |
12% |
7 |
Moranbah |
4744 |
QLD |
$255,000.00 |
$580.00 |
12% |
8 |
Boulder |
6432 |
WA |
$201,750.00 |
$450.00 |
12% |
9 |
Cable Beach |
6726 |
WA |
$307,000.00 |
$640.00 |
11% |
10 |
South Hedland |
6722 |
WA |
$315,000.00 |
$650.00 |
11% |
11 |
Piccadilly |
6430 |
WA |
$235,000.00 |
$475.00 |
11% |
12 |
Flinders View |
4305 |
QLD |
$150,000.00 |
$300.00 |
10% |
13 |
New Auckland |
4680 |
QLD |
$181,500.00 |
$350.00 |
10% |
14 |
Pegs Creek |
6714 |
WA |
$425,000.00 |
$800.00 |
10% |
15 |
Roxby Downs |
5725 |
SA |
$160,250.00 |
$300.00 |
10% |
16 |
Kalgoorlie |
6430 |
WA |
$259,000.00 |
$480.00 |
10% |
17 |
Somerville |
6430 |
WA |
$297,500.00 |
$550.00 |
10% |
18 |
Cranbrook |
4814 |
QLD |
$177,500.00 |
$320.00 |
9% |
19 |
Bungalow |
4870 |
QLD |
$206,000.00 |
$365.00 |
9% |
20 |
Currajong |
4812 |
QLD |
$175,000.00 |
$310.00 |
9% |
21 |
Manunda |
4870 |
QLD |
$198,000.00 |
$350.00 |
9% |
22 |
Darwin |
800 |
NT |
$380,000.00 |
$670.00 |
9% |
23 |
Karama |
812 |
NT |
$256,000.00 |
$450.00 |
9% |
24 |
Kununurra |
6743 |
WA |
$267,500.00 |
$470.00 |
9% |
25 |
Orelia |
6167 |
WA |
$208,000.00 |
$360.00 |
9% |
26 |
Bayswater |
6053 |
WA |
$290,000.00 |
$500.00 |
9% |
27 |
Withers |
6230 |
WA |
$183,000.00 |
$315.00 |
9% |
28 |
Hyde Park |
4812 |
QLD |
$187,500.00 |
$315.00 |
9% |
29 |
Port Hedland |
6721 |
WA |
$450,103.00 |
$750.00 |
9% |
30 |
Jubilee Pocket |
4802 |
QLD |
$300,000.00 |
$497.50 |
9% |
31 |
Glendalough |
6016 |
WA |
$292,750.00 |
$480.00 |
9% |
32 |
Driver |
830 |
NT |
$275,000.00 |
$450.00 |
9% |
33 |
Gray |
830 |
NT |
$257,500.00 |
$420.00 |
8% |
34 |
Broome |
6725 |
WA |
$371,500.00 |
$600.00 |
8% |
35 |
Rosslea |
4812 |
QLD |
$219,000.00 |
$350.00 |
8% |
36 |
Leanyer |
812 |
NT |
$322,500.00 |
$510.00 |
8% |
37 |
Lockridge |
6054 |
WA |
$269,500.00 |
$425.00 |
8% |
38 |
Whyalla Playford |
5600 |
SA |
$165,000.00 |
$260.00 |
8% |
39 |
Cardwell |
4849 |
QLD |
$210,000.00 |
$330.00 |
8% |
40 |
Millner |
810 |
NT |
$302,500.00 |
$475.00 |
8% |
41 |
Condon |
4815 |
QLD |
$255,000.00 |
$400.00 |
8% |
42 |
Blacks Beach |
4740 |
QLD |
$287,500.00 |
$450.00 |
8% |
43 |
South Gladstone |
4680 |
QLD |
$180,000.00 |
$280.00 |
8% |
44 |
Hermit Park |
4812 |
QLD |
$206,000.00 |
$320.00 |
8% |
45 |
Bakewell |
832 |
NT |
$290,000.00 |
$450.00 |
8% |
46 |
Earlville |
4870 |
QLD |
$255,000.00 |
$395.00 |
8% |
47 |
Emerald |
4720 |
QLD |
$220,000.00 |
$340.00 |
8% |
48 |
Moree |
2400 |
NSW |
$175,000.00 |
$270.00 |
8% |
49 |
Mira Mar |
6330 |
WA |
$250,000.00 |
$385.00 |
8% |
50 |
West Gladstone |
4680 |
QLD |
$195,000.00 |
$300.00 |
8% |
51 |
Sadadeen |
870 |
NT |
$247,500.00 |
$380.00 |
8% |
52 |
Pimlico |
4812 |
QLD |
$215,000.00 |
$330.00 |
8% |
53 |
Coolalinga |
839 |
NT |
$ 290,000.00 |
$445.00 |
8% |
54 |
Idalia |
4811 |
QLD |
$267,500.00 |
$410.00 |
8% |
55 |
Douglas |
4814 |
QLD |
$263,500.00 |
$400.00 |
8% |
56 |
Araluen |
870 |
NT |
$310,000.00 |
$470.00 |
8% |
57 |
Aitkenvale |
4814 |
QLD |
$223,000.00 |
$335.00 |
8% |
58 |
Cannonvale |
4802 |
QLD |
$335,000.00 |
$500.00 |
8% |
59 |
East Mackay |
4740 |
QLD |
$250,000.00 |
$372.50 |
8% |
60 |
Beresford |
6530 |
WA |
$215,000.00 |
$320.00 |
8% |
61 |
Heatley |
4814 |
QLD |
$190,000.00 |
$282.50 |
8% |
62 |
Carlton |
3053 |
VIC |
$320,000.00 |
$475.00 |
8% |
63 |
Holloways Beach |
4878 |
QLD |
$270,500.00 |
$400.00 |
8% |
64 |
Railway Estate |
4810 |
QLD |
$237,500.00 |
$350.00 |
8% |
65 |
Renown Park |
5008 |
SA |
$355,000.00 |
$522.50 |
8% |
66 |
Halls Head |
6210 |
WA |
$350,000.00 |
$515.00 |
8% |
67 |
Kingaroy |
4610 |
QLD |
$225,000.00 |
$330.00 |
8% |
68 |
Gracemere |
4702 |
QLD |
$280,000.00 |
$410.00 |
8% |
69 |
Melbourne |
3000 |
VIC |
$410,000.00 |
$600.00 |
8% |
70 |
the Gap |
870 |
NT |
$260,000.00 |
$380.00 |
8% |
71 |
Kin Kora |
4680 |
QLD |
$255,000.00 |
$372.50 |
8% |
72 |
Geraldton |
6530 |
WA |
$185,000.00 |
$270.00 |
8% |
73 |
Kelmscott |
6111 |
WA |
$310,000.00 |
$450.00 |
8% |
74 |
Parap |
820 |
NT |
$380,000.00 |
$550.00 |
8% |
75 |
Chinchilla |
4413 |
QLD |
$235,000.00 |
$340.00 |
8% |
76 |
Hamilton Hill |
6163 |
WA |
$333,000.00 |
$480.00 |
7% |
77 |
Edmonton |
4869 |
QLD |
$260,000.00 |
$372.50 |
7% |
78 |
Rosebery |
832 |
NT |
$350,000.00 |
$500.00 |
7% |
79 |
Cairns North |
4870 |
QLD |
$315,000.00 |
$450.00 |
7% |
80 |
Mackay |
4740 |
QLD |
$280,000.00 |
$400.00 |
7% |
81 |
Garbutt |
4814 |
QLD |
$231,000.00 |
$330.00 |
7% |
82 |
Forrestfield |
6058 |
WA |
$350,000.00 |
$500.00 |
7% |
83 |
West End |
4810 |
QLD |
$235,000.00 |
$335.00 |
7% |
84 |
Brinkin |
810 |
NT |
$330,000.00 |
$470.00 |
7% |
85 |
Manoora |
4870 |
QLD |
$253,000.00 |
$360.00 |
7% |
86 |
Wellard |
6170 |
WA |
$325,250.00 |
$462.50 |
7% |
87 |
Mahomets Flats |
6530 |
WA |
$247,500.00 |
$350.00 |
7% |
88 |
Langford |
6147 |
WA |
$319,000.00 |
$450.00 |
7% |
89 |
Wembley |
6014 |
WA |
$305,000.00 |
$430.00 |
7% |
90 |
Cannington |
6107 |
WA |
$355,000.00 |
$500.00 |
7% |
91 |
South Mackay |
4740 |
QLD |
$270,000.00 |
$380.00 |
7% |
92 |
Harristown |
4350 |
QLD |
$256,000.00 |
$360.00 |
7% |
93 |
East Perth |
6004 |
WA |
$427,000.00 |
$600.00 |
7% |
94 |
Osborne Park |
6017 |
WA |
$321,000.00 |
$450.00 |
7% |
95 |
Travancore |
3032 |
VIC |
$339,500.00 |
$475.00 |
7% |
96 |
Glen Eden |
4680 |
QLD |
$272,000.00 |
$380.00 |
7% |
97 |
Perth |
6000 |
WA |
$430,000.00 |
$600.00 |
7% |
98 |
The Gardens |
820 |
NT |
$395,000.00 |
$550.00 |
7% |
99 |
Kewarra Beach |
4879 |
QLD |
$360,000.00 |
$500.00 |
7% |
100 |
Thornlie |
6108 |
WA |
$310,000.00 |
$430.00 |
7% |
Source: Your Investment Property Magazine, data from November 2023
Image by Jorge Láscar on Flickr
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