Along with WA and Queensland, South Australia has recently been among the strongest performing property markets in Australia for capital growth. For an investor looking for a cash flow positive property, these are where the highest rental yields are currently to be found.
South Australia Rental Yields in 2025
As of January '25, these were the median sale prices, asking rents and rental yields in SA:
|
Median price |
Median asking rent |
Median rental yields |
|
|---|---|---|---|
|
Houses (Adelaide) |
$842,500 |
$590 |
3.8% |
|
Units (Adelaide) |
$590,500 |
$520 |
4.8% |
|
Houses (Rest of SA) |
$477,500 |
$415 |
4.8% |
|
Units (Rest of SA) |
$390,000 |
$300 |
4.8% |
Source: Cotality (formerly CoreLogic). Data reported to the period ending January '25. Median values account for sales transactions over three months.
Rental yields for houses in Adelaide are fairly unspectacular - above Sydney, Melbourne, Brisbane and Canberra, but behind Perth, Darwin and Hobart. At a median price of $842,500, houses in Adelaide are relatively expensive compared to Perth ($780,000) and Hobart ($695,000), which can make rental yields comparatively lower. For units, Adelaide's rental yields are above only those of Sydney, Hobart and Melbourne.
SA sits around the middle of the pack when it comes to regional areas, too. Rental yields for both houses and units are pretty similar to regional Queensland, and stronger than regional Victoria, NSW and Tasmania, but well behind WA and the NT.
Highest rental yields in South Australia
Port Pirie West, with an average yield of 10.1%, has the highest average yield for houses in South Australia.
Houses
| Rank | Suburb (Postcode) | LGA | Median Price | Median Rent | Rental Yield |
|---|---|---|---|---|---|
| 1st | Port Pirie West (5540) | Port Pirie | $180,000 | $350 | 10.1% |
| 2nd | Peterborough (5422) | Peterborough | $180,000 | $295 | 8.5% |
| 3rd | Solomontown (5540) | Port Pirie | $242,000 | $380 | 8.2% |
| 4th | Ceduna (5690) | Ceduna | $260,000 | $360 | 7.2% |
| 5th | Roxby Downs (5725) | Roxby Downs | $275,000 | $380 | 7.2% |
| 6th | Port Augusta (5700) | Port Augusta | $240,000 | $330 | 7.2% |
| 7th | Whyalla Norrie (5608) | Whyalla | $219,500 | $300 | 7.1% |
| 8th | Whyalla Stuart (5608) | Whyalla | $206,000 | $280 | 7.1% |
| 9th | Port Pirie South (5540) | Port Pirie | $296,000 | $380 | 6.7% |
| 10th | Risdon Park South (5540) | Port Pirie | $307,500 | $385 | 6.5% |
| 11th | Port Augusta West (5700) | Port Augusta | $285,000 | $355 | 6.5% |
| 12th | Bordertown (5268) | Tatiara | $311,000 | $380 | 6.4% |
| 13th | Risdon Park (5540) | Port Pirie | $260,000 | $300 | 6.0% |
| 14th | Tailem Bend (5260) | Coorong | $325,000 | $365 | 5.8% |
| 15th | Whyalla Jenkins (5609) | Whyalla | $375,000 | $420 | 5.8% |
| 16th | Stirling North (5710) | Port Augusta | $331,500 | $370 | 5.8% |
| 17th | Berri (5343) | Berri Barmera | $338,750 | $370 | 5.7% |
| 18th | Tumby Bay (5605) | Tumby Bay | $410,000 | $440 | 5.6% |
| 19th | Whyalla Playford (5600) | Whyalla | $360,000 | $380 | 5.5% |
| 20th | Mannum (5238) | Mid Murray | $410,000 | $430 | 5.5% |
| 21st | Renmark (5341) | Renmark Paringa | $410,000 | $410 | 5.2% |
| 22nd | Port Lincoln (5606) | Port Lincoln | $470,000 | $470 | 5.2% |
| 23rd | Smithfield Plains (5114) | Playford | $500,000 | $495 | 5.1% |
| 24th | Tonsley (5042) | Marion | $660,000 | $650 | 5.1% |
| 25th | Elizabeth North (5113) | Playford | $458,000 | $450 | 5.1% |
Source: Cotality (formerly CoreLogic). Data reported to the period ending January '25. Median values account for sales transactions over 12 months.
As with most states, the areas with the highest rental yields are regional. Only the final three of the above suburbs (Smithfield Plains, Tonsley and Elizabeth North) are in the Adelaide statistical division, despite the fact that more than 77% of the SA population live in the capital.
All but one of the 10 suburbs by rental yields for houses are in the Northern region, effectively outback South Australia. Like every other state, the population in regional SA is sparse, with little clusters around industry centres. This is generally why rental yields are higher - the demand for property is more transient, with workers coming to and from the area depending on projects.
A good example is Port Pirie, where several of the above suburbs are to be found, including Port Pirie West at number one. Port Pirie is about 230km north of Adelaide on the coast. The city’s economy is dominated by one of the world’s largest smelters, producing lead, silver and zinc. It employs over 1,100 people including contractors, while the port itself is also the second busiest in SA. These workers need somewhere to live, so there’s demand for housing, but this seemingly does not translate into demand to actually buy property, given the extremely low median prices. The typical house in Port Pirie West for example is worth just $197,500 - less than 50% of the median for regional South Australia.
Units
| Rank | Suburb (Postcode) | LGA | Median Price | Median Rent | Rental Yield |
|---|---|---|---|---|---|
| 1st | Roxby Downs (5725) | Roxby Downs | $135,000 | $300 | 11.6% |
| 2nd | Whyalla Playford (5600) | Whyalla | $160,000 | $280 | 9.1% |
| 3rd | Whyalla (5600) | Whyalla | $172,000 | $250 | 7.6% |
| 4th | Keswick (5035) | West Torrens | $340,000 | $450 | 6.9% |
| 5th | Walkerville (5081) | Walkerville | $452,000 | $550 | 6.3% |
| 6th | Adelaide (5000) | Adelaide | $500,000 | $600 | 6.2% |
| 7th | Salisbury (5108) | Salisbury | $350,000 | $400 | 5.9% |
| 8th | New Port (5015) | Port Adelaide Enfield | $439,000 | $500 | 5.9% |
| 9th | Lightsview (5085) | Port Adelaide Enfield | $537,500 | $595 | 5.8% |
| 10th | Tonsley (5042) | Marion | $524,000 | $570 | 5.7% |
| 11th | St Marys (5042) | Mitcham | $382,650 | $415 | 5.6% |
| 12th | Mawson Lakes (5095) | Salisbury | $481,500 | $520 | 5.6% |
| 13th | Woodville West (5011) | Charles Sturt | $485,000 | $520 | 5.6% |
| 14th | Kilburn (5084) | Port Adelaide Enfield | $418,000 | $445 | 5.5% |
| 15th | Port Adelaide (5015) | Port Adelaide Enfield | $575,000 | $600 | 5.4% |
| 16th | Brooklyn Park (5032) | West Torrens | $413,500 | $430 | 5.4% |
| 17th | Woodville North (5012) | Charles Sturt | $486,000 | $500 | 5.3% |
| 18th | Windsor Gardens (5087) | Port Adelaide Enfield | $445,000 | $455 | 5.3% |
| 19th | Andrews Farm (5114) | Playford | $412,500 | $420 | 5.3% |
| 20th | Port Lincoln (5606) | Port Lincoln | $355,000 | $360 | 5.3% |
| 21st | Plympton (5038) | West Torrens | $477,000 | $480 | 5.2% |
| 22nd | Bedford Park (5042) | Mitcham | $430,000 | $430 | 5.2% |
| 23rd | Kidman Park (5025) | Charles Sturt | $586,375 | $585 | 5.2% |
| 24th | Royal Park (5014) | Charles Sturt | $521,250 | $520 | 5.2% |
| 25th | Morphettville (5043) | Marion | $522,250 | $520 | 5.2% |
Source: Cotality (formerly CoreLogic). Data reported to the period ending January '25. Median values account for sales transactions over 12 months.
Roxby Downs at the summit of this list catches the eye. With a median price of $135,000 and a median rent of $300, that means typical rental yields in Roxby Downs are 11.6%. Again, this is likely a by-product of the local industry. Roxby Downs is a township that was built in 1986 to support the Olympic Dam mine. It’s remote, about 511km from Adelaide, and the population tends to be transient as mining employees come and go.
As for the rest of the list, the capital reigns supreme. Only Roxby Downs, the two Whyalla suburbs and Port Lincoln are outside of the Adelaide statistical division, although this probably says more about the lack of units in regional SA than about strong yields in the city itself. Many of the areas with the highest yields are in the industrial or inner-city areas, where property prices are lower but rental demand is steady.
Highest rental yields in Adelaide
The highest rental yields for houses in the Adelaide Statistical Division as of January 2025 were in Smithfield Plains in Playford (5.1%). For units it was Keswick with a 6.9% average yield.
Houses
| Rank | Suburb (Postcode) | LGA | Median Price | Median Rent | Rental Yield |
|---|---|---|---|---|---|
| 1st | Smithfield Plains (5114) | Playford | $500,000 | $495 | 5.1% |
| 2nd | Tonsley (5042) | Marion | $660,000 | $650 | 5.1% |
| 3rd | Elizabeth North (5113) | Playford | $458,000 | $450 | 5.1% |
| 4th | Eyre (5121) | Playford | $530,500 | $520 | 5.1% |
| 5th | Davoren Park (5113) | Playford | $491,500 | $480 | 5.1% |
| 6th | Evanston Gardens (5116) | Gawler | $565,000 | $550 | 5.1% |
| 7th | Elizabeth South (5112) | Playford | $479,500 | $455 | 4.9% |
| 8th | Elizabeth Park (5113) | Playford | $510,000 | $480 | 4.9% |
| 9th | Elizabeth (5112) | Playford | $531,000 | $495 | 4.8% |
| 10th | Munno Para (5115) | Playford | $580,000 | $540 | 4.8% |
| 11th | Smithfield (5114) | Playford | $517,000 | $480 | 4.8% |
| 12th | Andrews Farm (5114) | Playford | $585,000 | $540 | 4.8% |
| 13th | Elizabeth Grove (5112) | Playford | $488,000 | $450 | 4.8% |
| 14th | Elizabeth Downs (5113) | Playford | $500,000 | $460 | 4.8% |
| 15th | Blakeview (5114) | Playford | $600,000 | $550 | 4.8% |
| 16th | Evanston (5116) | Gawler | $545,000 | $498 | 4.7% |
| 17th | Evanston South (5116) | Gawler | $645,000 | $585 | 4.7% |
| 18th | Salisbury Park (5109) | Salisbury | $607,950 | $550 | 4.7% |
| 19th | Brahma Lodge (5109) | Salisbury | $611,000 | $550 | 4.7% |
| 20th | Elizabeth East (5112) | Playford | $530,000 | $475 | 4.7% |
| 21st | Salisbury North (5108) | Salisbury | $570,000 | $510 | 4.7% |
| 22nd | Munno Para West (5115) | Playford | $605,000 | $540 | 4.6% |
| 23rd | Burton (5110) | Salisbury | $642,000 | $573 | 4.6% |
| 24th | Craigmore (5114) | Playford | $612,000 | $540 | 4.6% |
| 25th | Willaston (5118) | Gawler | $592,249.50 | $520 | 4.6% |
Source: Cotality (formerly CoreLogic). Data reported to the period ending January '25. Median values account for sales transactions over 12 months.
Units
| Rank | Suburb (Postcode) | LGA | Median Price | Median Rent | Rental Yield |
|---|---|---|---|---|---|
| 1st | Keswick (5035) | West Torrens | $340,000 | $450 | 6.9% |
| 2nd | Walkerville (5081) | Walkerville | $452,000 | $550 | 6.3% |
| 3rd | Adelaide (5000) | Adelaide | $500,000 | $600 | 6.2% |
| 4th | Salisbury (5108) | Salisbury | $350,000 | $400 | 5.9% |
| 5th | New Port (5015) | Port Adelaide Enfield | $439,000 | $500 | 5.9% |
| 6th | Lightsview (5085) | Port Adelaide Enfield | $537,500 | $595 | 5.8% |
| 7th | Tonsley (5042) | Marion | $524,000 | $570 | 5.7% |
| 8th | St Marys (5042) | Mitcham | $382,650 | $415 | 5.6% |
| 9th | Mawson Lakes (5095) | Salisbury | $481,500 | $520 | 5.6% |
| 10th | Woodville West (5011) | Charles Sturt | $485,000 | $520 | 5.6% |
| 11th | Kilburn (5084) | Port Adelaide Enfield | $418,000 | $445 | 5.5% |
| 12th | Port Adelaide (5015) | Port Adelaide Enfield | $575,000 | $600 | 5.4% |
| 13th | Brooklyn Park (5032) | West Torrens | $413,500 | $430 | 5.4% |
| 14th | Woodville North (5012) | Charles Sturt | $486,000 | $500 | 5.3% |
| 15th | Windsor Gardens (5087) | Port Adelaide Enfield | $445,000 | $455 | 5.3% |
| 16th | Andrews Farm (5114) | Playford | $412,500 | $420 | 5.3% |
| 17th | Plympton (5038) | West Torrens | $477,000 | $480 | 5.2% |
| 18th | Bedford Park (5042) | Mitcham | $430,000 | $430 | 5.2% |
| 19th | Kidman Park (5025) | Charles Sturt | $586,375 | $585 | 5.2% |
| 20th | Royal Park (5014) | Charles Sturt | $521,250 | $520 | 5.2% |
| 21st | Morphettville (5043) | Marion | $522,250 | $520 | 5.2% |
| 22nd | Blair Athol (5084) | Port Adelaide Enfield | $574,000 | $570 | 5.2% |
| 23rd | Campbelltown (5074) | Campbelltown (SA) | $570,000 | $565 | 5.2% |
| 24th | Port Noarlunga (5167) | Onkaparinga | $567,500 | $560 | 5.1% |
| 25th | Woodforde (5072) | Adelaide Hills | $620,000 | $610 | 5.1% |
Source: Cotality (formerly CoreLogic). Data reported to the period ending January '25. Median values account for sales transactions over 12 months.
Looking for an investment property? Here are some of the top investment home loans available on the Australian market right now
| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | Max LVR | Lump Sum Repayment | Extra Repayments | Split Loan Option | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.69% p.a. | 6.03% p.a. | $2,899 | Principal & Interest | Variable | $0 | $530 | 90% |
| Disclosure | |||||||||||
5.74% p.a. | 5.76% p.a. | $2,915 | Principal & Interest | Variable | $0 | $250 | 60% | Disclosure | ||||||||||||
5.69% p.a. | 5.60% p.a. | $2,899 | Principal & Interest | Variable | $0 | $0 | 80% |
| Promoted | Disclosure | ||||||||||
5.84% p.a. | 5.88% p.a. | $2,947 | Principal & Interest | Variable | $0 | $530 | 90% |
| Promoted | Disclosure | ||||||||||
5.74% p.a. | 5.76% p.a. | $2,915 | Principal & Interest | Variable | $0 | $350 | 60% |
| Disclosure |
First published on July 2024
Picture by Syed Hadi Naqvi
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!
Jacob Cocciolone
Harrison Astbury
