Property prices in the Australian Capital Territory have been stagnant of late. House prices in Canberra grew just 0.3% over the twelve months to June 2025 - Brisbane houses are now more expensive than the capital’s for the first time since the 90s.
Nevertheless, it remains one of Australia’s premier markets, and with the population expected to nearly double over the next 30 years or so, demand for property in Canberra probably isn’t going anywhere.
If you’re looking to invest and are prioritising high rental yields, these suburbs are where to look in the ACT at the moment.
Canberra rental yields in 2025
Houses in Canberra have an average yield of 3.6%. That’s higher than Melbourne and Sydney, level with Brisbane and lower than the other four capital cities. For units, Canberra has an average rental yield of 5%, above Sydney, Melbourne, Brisbane, Adelaide, Hobart and below Perth and Darwin.
| Median price | Median weekly rent | Gross rental yield | |
|---|---|---|---|
| Houses | $942,000 | $650 | 3.6% |
| Units | $580,000 | $565 | 5.0% |
Source: CoreLogic. Data reported to the period ending April 2025. Median values account for sales transactions over three months.
Obviously the ACT is different to other states and territories in that it’s essentially just a city. The highest rental yields elsewhere tend to be rural localities - often mining or agricultural towns. The top yields in the ACT are fairly modest in comparison. No Canberra suburbs crack the top 100 nationally for rental yields for either houses or units.
Top rental yields in Canberra
The suburb with the highest rental yields for houses in Canberra was Belconnen as of April, with an average yield of 4.4%. Hawker took the top spot for units at an average yield of 7.1%.
Houses
| Rank | Suburb (Postcode) | Median Price | Median Rent | Rental Yield |
|---|---|---|---|---|
| 1st | Belconnen (2617) | $643,750 | $549 | 4.4% |
| 2nd | Gilmore (2905) | $840,000 | $700 | 4.3% |
| 3rd | Charnwood (2615) | $699,000 | $580 | 4.3% |
| 4th | Banks (2906) | $750,000 | $620 | 4.3% |
| 5th | Strathnairn (2615) | $873,000 | $720 | 4.3% |
| 6th | Latham (2615) | $792,000 | $645 | 4.2% |
| 7th | Ngunnawal (2913) | $751,000 | $610 | 4.2% |
| 8th | Isaacs (2607) | $1,000,000 | $805 | 4.2% |
| 9th | Calwell (2905) | $840,000 | $670 | 4.1% |
| 10th | Holder (2611) | $900,000 | $715 | 4.1% |
| 11th | Macgregor (2615) | $775,000 | $610 | 4.1% |
| 12th | Richardson (2905) | $770,000 | $600 | 4.1% |
| 13th | Duffy (2611) | $967,000 | $750 | 4.0% |
| 14th | Isabella Plains (2905) | $846,000 | $650 | 4.0% |
| 15th | Chisholm (2905) | $847,500 | $650 | 4.0% |
| 16th | Waramanga (2611) | $905,000 | $693 | 4.0% |
| 17th | Dunlop (2615) | $850,000 | $650 | 4.0% |
| 18th | Wanniassa (2903) | $855,000 | $650 | 4.0% |
| 19th | Holt (2615) | $829,500 | $630 | 3.9% |
| 20th | Bruce (2617) | $830,000 | $630 | 3.9% |
| 21st | Kambah (2902) | $860,000 | $650 | 3.9% |
| 22nd | Melba (2615) | $900,000 | $680 | 3.9% |
| 23rd | Mckellar (2617) | $1,025,000 | $770 | 3.9% |
| 24th | Higgins (2615) | $835,000 | $620 | 3.9% |
| 25th | Gowrie (2904) | $960,000 | $710 | 3.8% |
Source: CoreLogic. Data reported to the period ending April 2025. Median values account for sales transactions over one year.
There aren’t really any standout suburbs in this list. The spread from Belconnen to Gowrie in 25th is just 60 percentage points which probably isn’t enough to influence many investors' decisions.
These yields are pretty comparable to the equivalent list for Sydney.
Units
Yields for units in the ACT trend higher than for houses, which is generally the case - higher property values usually translates to lower rental yields. Again though, there aren’t too many standouts, although the 2606 postcode does pop up again a couple of times.
| Rank | Suburb (Postcode) | Median Price | Median Rent | Rental Yield |
|---|---|---|---|---|
| 1st | Hawker (2614) | $365,000 | $498 | 7.1% |
| 2nd | Lyons (2606) | $365,200 | $495 | 7.0% |
| 3rd | Crace (2911) | $420,000 | $550 | 6.8% |
| 4th | City (2601) | $532,500 | $650 | 6.3% |
| 5th | Red Hill (2603) | $722,500 | $870 | 6.3% |
| 6th | Curtin (2605) | $395,000 | $470 | 6.2% |
| 7th | Gungahlin (2912) | $440,000 | $520 | 6.1% |
| 8th | Belconnen (2617) | $466,250 | $550 | 6.1% |
| 9th | Chifley (2606) | $490,000 | $578 | 6.1% |
| 10th | Mawson (2607) | $442,500 | $505 | 5.9% |
| 11th | Wright (2611) | $495,000 | $550 | 5.8% |
| 12th | Franklin (2913) | $507,000 | $560 | 5.7% |
| 13th | Harrison (2914) | $510,000 | $550 | 5.6% |
| 14th | Reid (2612) | $550,500 | $590 | 5.6% |
| 15th | Greenway (2900) | $495,000 | $530 | 5.6% |
| 16th | Braddon (2612) | $575,000 | $613 | 5.5% |
| 17th | Lawson (2617) | $625,000 | $650 | 5.4% |
| 18th | Phillip (2606) | $547,000 | $565 | 5.4% |
| 19th | Lyneham (2602) | $524,000 | $530 | 5.3% |
| 20th | Dickson (2602) | $601,000 | $600 | 5.2% |
| 21st | Macquarie (2614) | $577,000 | $575 | 5.2% |
| 22nd | Garran (2605) | $732,500 | $710 | 5.0% |
| 23rd | Casey (2913) | $625,000 | $600 | 5.0% |
| 24th | Griffith (2603) | $590,000 | $565 | 5.0% |
| 25th | Watson (2602) | $572,500 | $540 | 4.9% |
Source: CoreLogic. Data reported to the period ending April 2025. Median values account for sales transactions over one year.