High rental yields can increase an investor's chances of having a positively geared property. This means the property generates more income (i.e. rent) each year than it costs in interest payments and other expenses. According to the data, these suburbs are where you can expect to find the Australian properties with the highest rental yields at the moment.

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 our 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.

If the value of a property increases dramatically but the rental yield stays the same, the rental yield decreases. This doesn't mean the property is generating any less income, just that the income is smaller relative to the property value.

Rental yields tend to be higher in areas where the demand for rent is higher than the demand for owner-occupied property.

For example, in April 2025, twelve of the top twenty suburbs by rental yield for houses were in rural Western Australia. If you’ve heard of areas like the Coolgardie or Pilbara regions, it was likely in relation to mining. Pilbara sits on top of one of the biggest iron ore deposits in the world, while towns like Kambalda in Coolgardie are also mining hotspots for minerals like gold and nickel.

Demand for property can therefore be more transient, as miners come and go. Other mining centres like Mount Isa in Queensland feature prominently in both lists.

The vast majority of the suburbs in the top 100 lists are outside of the capital cities of the respective states. In the list for houses there isn't a single suburb within the Statistical Division of any of the eight capital cities.

Perhaps unsurprisingly, the capitals fare a little better for units. There were 20 suburbs from Darwin, 10 from Perth, five from Melbourne, two from Canberra and one from Brisbane - but that still leaves more than 50% of the top suburbs for rental yield outside of the major cities.

Australia rental yields in 2025

Rental yields increase when the cost of renting becomes greater relative to property values. Here's how we were sitting as of April 2025:

State Area Property Type Median Price Weekly Median Advertised Rent Gross Rental Yield
ACT Metro Houses $941,667 $650 3.6%
ACT Metro Units $580,000 $565 5.0%
NSW Metro Houses $1,486,000 $750 2.7%
NSW Metro Units $810,000 $700 4.6%
NT Metro Houses $585,000 $650 5.9%
NT Metro Units $374,000 $550 7.9%
QLD Metro Houses $930,000 $630 3.6%
QLD Metro Units $685,000 $600 4.8%
SA Metro Houses $845,000 $595 3.8%
SA Metro Units $597,000 $530 4.7%
TAS Metro Houses $695,000 $550 4.1%
TAS Metro Units $535,268 $480 4.7%
VIC Metro Houses $860,000 $575 3.5%
VIC Metro Units $610,000 $555 4.7%
WA Metro Houses $800,000 $670 4.5%
WA Metro Units $571,000 $640 6.1%
NSW Country Houses $760,000 $575 4.0%
NSW Country Units $645,000 $500 4.1%
NT Country Houses $450,000 $550 6.6%
NT Country Units $287,500 $420 7.7%
QLD Country Houses $720,000 $635 4.8%
QLD Country Units $661,500 $575 4.7%
SA Country Houses $490,000 $420 4.7%
SA Country Units $350,000 $300 4.7%
TAS Country Houses $535,000 $450 4.4%
TAS Country Units $420,000 $395 4.8%
VIC Country Houses $567,000 $480 4.5%
VIC Country Units $425,000 $400 5.0%
WA Country Houses $540,000 $630 6.4%
WA Country Units $400,000 $580 8.3%

Source: CoreLogic. Data reported to the period ending April 2025. Median values account for sales transactions over three months.

After a record breaking period of rental growth, things appear to be easing up at the beginning of 2025. The Domain Rent Report for the March 2025 quarter found although rents remain at record highs, growth through the year was the slowest since 2021.

"Increasing supply is slowing price growth and while it's still not enough to fully meet demand we can see that it's helping to rebalance some of the tightest rental markets," Domain Head of Research Dr Nicola Powell said.

House price growth also slowed around the turn of the year, with a small downturn in the early months of 2025. By March though, the CoreLogic Home Value Index had turned around, once again taking the national median dwelling price to all time highs. As of June, the national median dwelling price was about $838,000, an all time peak. Prices in Sydney, Brisbane, Adelaide, Perth and Darwin were also at all time highs, as were those in regional New South Wales, Queensland, South Australia and Western Australia.

The latest data on rental yields (up to January) suggests the highest rental yields in Australia are to be found in regional Western Australia and the Northern Territory. The average house in country NT has a rental yield of 6.6%, while investors could expect a 8.3% annual return on units in rural WA.

For cities, Darwin had the highest average yield for both houses (5.9%) and units (7.9%).

Read more:

Interested in an investment property? Here are some of the top options in Australia at the moment

Update resultsUpdate
LenderHome LoanInterest 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 TagsFeaturesLinkComparePromoted ProductDisclosure
5.69% p.a.
6.03% p.a.
$2,899
Principal & Interest
Variable
$0
$530
90%
  • Investor
  • Variable
  • Principal & Interest
  • 10% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
  • Discounted interest rate for 5 years for homes with an eligible solar system
  • Available for refinance or purchase
  • No monthly, annual or ongoing fees
Disclosure
5.74% p.a.
5.76% p.a.
$2,915
Principal & Interest
Variable
$0
$250
60%
  • Investor
  • Variable
  • Principal & Interest
  • 40% Min Deposit
  • Redraw
  • More details
Disclosure
5.69% p.a.
5.60% p.a.
$2,899
Principal & Interest
Variable
$0
$0
80%
  • Built and funded by CommBank
  • Investor
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • More details
  • A low-rate variable investment home loan from a 100% online lender.
  • Backed by the Commonwealth Bank.
Disclosure
5.84% p.a.
5.88% p.a.
$2,947
Principal & Interest
Variable
$0
$530
90%
  • Investor
  • Variable
  • Principal & Interest
  • 10% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
  • Minimum 10% deposit needed to qualify. Available for purchase or refinance
  • No application, ongoing monthly or annual fees.
  • Flexibility to split your loan with both fixed and variable rates
Disclosure
5.74% p.a.
5.76% p.a.
$2,915
Principal & Interest
Variable
$0
$350
60%
  • Investor
  • Variable
  • Principal & Interest
  • 40% Min Deposit
  • Redraw
  • More details
Important Information and Comparison Rate Warning
Important Information and Comparison Rate Warning

Top 100 rental yield suburbs in Australia for houses

Rank Suburb (Postcode) State LGA Median Price Weekly Median Rent Gross Rental Yield
1st Tom Price (6751) WA Ashburton $685,000 $1,750 13.3%
2nd Collinsville (4804) QLD Whitsunday $175,000 $435 12.9%
3rd Pioneer (4825) QLD Mount Isa $189,500 $450 12.3%
4th Coolgardie (6429) WA Coolgardie $170,000 $400 12.2%
5th Millars Well (6714) WA Karratha $525,000 $1,150 11.4%
6th Brockman (6701) WA Carnarvon $287,500 $625 11.3%
7th Tennant Creek (860) NT Barkly $253,500 $550 11.3%
8th Menzies (4825) QLD Mount Isa $205,000 $440 11.2%
9th Kambalda West (6442) WA Coolgardie $180,000 $380 11.0%
10th Parkside (4825) QLD Mount Isa $240,000 $490 10.6%
11th South Hedland (6722) WA Port Hedland $455,500 $900 10.3%
12th Anambah (2320) NSW Maitland $357,000 $700 10.2%
13th Port Hedland (6721) WA Port Hedland $788,000 $1,525 10.1%
14th Newman (6753) WA East Pilbara $335,000 $650 10.1%
15th Port Pirie West (5540) SA Port Pirie $185,000 $350 9.8%
16th Baynton (6714) WA Karratha $740,000 $1,400 9.8%
17th Pegs Creek (6714) WA Karratha $530,000 $1,000 9.8%
18th Boulder (6432) WA Kalgoorlie-Boulder $299,500 $565 9.8%
19th Dysart (4745) QLD Isaac $225,000 $420 9.7%
20th Nickol (6714) WA Karratha $625,000 $1,150 9.6%
21st Moranbah (4744) QLD Isaac $370,000 $680 9.6%
22nd Happy Valley (4825) QLD Mount Isa $273,500 $500 9.5%
23rd Katherine South (850) NT Katherine $250,000 $455 9.5%
24th Moura (4718) QLD Banana $209,000 $380 9.5%
25th Hopetoun (6348) WA Ravensthorpe $250,111 $450 9.4%
26th Wandoan (4419) QLD Western Downs $200,000 $360 9.4%
27th Bulgarra (6714) WA Karratha $525,000 $950 9.4%
28th Sunset (4825) QLD Mount Isa $260,000 $470 9.4%
29th Broken Hill (2880) NSW Broken Hill $195,000 $350 9.3%
30th Dareton (2717) NSW Wentworth $197,500 $350 9.2%
31st Djugun (6725) WA Broome $711,500 $1,250 9.1%
32nd Kalgoorlie (6430) WA Kalgoorlie-Boulder $345,000 $600 9.0%
33rd South Boulder (6432) WA Kalgoorlie-Boulder $287,500 $500 9.0%
34th Queenstown (7467) TAS West Coast $172,750 $300 9.0%
35th Dongara (6525) WA Irwin $317,000 $550 9.0%
36th Blackwater (4717) QLD Central Highlands (Qld) $248,000 $430 9.0%
37th Townview (4825) QLD Mount Isa $260,000 $450 9.0%
38th Zeehan (7469) TAS West Coast $175,000 $300 8.9%
39th Coonamble (2829) NSW Coonamble $170,000 $288 8.8%
40th Derby (6728) WA Derby-West Kimberley $250,000 $420 8.7%
41st Piccadilly (6430) WA Kalgoorlie-Boulder $390,000 $650 8.7%
42nd Witchcliffe (6286) WA Augusta Margaret River $460,000 $765 8.6%
43rd Merredin (6415) WA Merredin $230,000 $380 8.6%
44th Healy (4825) QLD Mount Isa $375,000 $618 8.6%
45th South Kalgoorlie (6430) WA Kalgoorlie-Boulder $374,000 $600 8.3%
46th Charleville (4470) QLD Murweh $175,000 $280 8.3%
47th Warracknabeal (3393) VIC Yarriambiack $199,500 $315 8.2%
48th Somerville (6430) WA Kalgoorlie-Boulder $520,000 $820 8.2%
49th West Lamington (6430) WA Kalgoorlie-Boulder $405,000 $638 8.2%
50th Soldiers Hill (4825) QLD Mount Isa $315,000 $490 8.1%
51st Crangan Bay (2259) NSW Central Coast (NSW) $554,650 $860 8.1%
52nd Mornington (4825) QLD Mount Isa $249,000 $390 8.1%
53rd Clermont (4721) QLD Isaac $270,000 $420 8.1%
54th Mount Morgan (4714) QLD Rockhampton $260,000 $405 8.1%
55th Lamington (6430) WA Kalgoorlie-Boulder $420,000 $650 8.0%
56th Jurien Bay (6516) WA Dandaragan $330,000 $510 8.0%
57th Katanning (6317) WA Katanning $261,250 $400 8.0%
58th Cable Beach (6726) WA Broome $695,000 $1,050 7.9%
59th Boggabri (2382) NSW Narrabri $265,000 $400 7.8%
60th Depot Hill (4700) QLD Rockhampton $265,000 $400 7.8%
61st Dampier (6713) WA Karratha $765,000 $1,150 7.8%
62nd Hannans (6430) WA Kalgoorlie-Boulder $500,000 $750 7.8%
63rd Kununurra (6743) WA Wyndham-East Kimberley $439,000 $650 7.7%
64th Bilingurr (6725) WA Broome $752,500 $1,100 7.6%
65th Charters Towers City (4820) QLD Charters Towers $255,000 $370 7.5%
66th Rosebery (7470) TAS West Coast $172,500 $250 7.5%
67th Manjimup (6258) WA Manjimup $381,000 $550 7.5%
68th Finley (2713) NSW Berrigan $315,000 $450 7.4%
69th South Lismore (2480) NSW Lismore $347,500 $495 7.4%
70th The Gap (4825) QLD Mount Isa $270,000 $380 7.3%
71st Moree (2400) NSW Moree Plains $285,500 $400 7.3%
72nd Cobar (2835) NSW Cobar $250,000 $350 7.3%
73rd East Innisfail (4860) QLD Cassowary Coast $301,500 $425 7.3%
74th East Bairnsdale (3875) VIC East Gippsland $340,000 $480 7.3%
75th Longreach (4730) QLD Longreach $241,000 $340 7.3%
76th Roxby Downs (5725) SA Roxby Downs $260,000 $360 7.2%
77th The Gap (0870) NT Alice Springs $352,500 $488 7.2%
78th St George (4487) QLD Balonne $275,000 $380 7.2%
79th Katherine East (0850) NT Katherine $384,000 $530 7.2%
80th Solomontown (5540) SA Port Pirie $295,000 $405 7.1%
81st Nebo (4742) QLD Isaac $307,500 $420 7.1%
82nd Whyalla Stuart (5608) SA Whyalla $205,000 $280 7.1%
83rd Dimboola (3414) VIC Hindmarsh $257,500 $350 7.1%
84th Ravensthorpe (6346) WA Ravensthorpe $265,000 $360 7.1%
85th Port Augusta (5700) SA Port Augusta $251,500 $340 7.0%
86th Wellington (2820) NSW Dubbo $287,500 $385 7.0%
87th Cairns City (4870) QLD Cairns $491,250 $660 7.0%
88th Gillen (0870) NT Alice Springs $431,250 $580 7.0%
89th Richmond Hill (4820) QLD Charters Towers $290,000 $393 7.0%
90th Farley (2320) NSW Maitland $429,000 $580 7.0%
91st Utakarra (6530) WA Greater Geraldton $340,000 $460 7.0%
92nd Capella (4723) QLD Central Highlands (Qld) $303,000 $410 7.0%
93rd Innisfail (4860) QLD Cassowary Coast $300,000 $400 6.9%
94th Whyalla Norrie (5608) SA Whyalla $225,000 $300 6.9%
95th Katherine (0850) NT Katherine $360,000 $478 6.9%
96th Collie (6225) WA Collie $395,000 $520 6.8%
97th Ingham (4850) QLD Hinchinbrook $280,000 $368 6.8%
98th Gray (0830) NT Palmerston $420,000 $550 6.8%
99th Emerald (4720) QLD Central Highlands $420,000 $550 6.8%
100th Larapinta (0875) NT Alice Springs $393,500 $515 6.8%

Source: CoreLogic. Data reported to the period ending April 2025. Median values account for sales transactions over 12 months.

Top 100 rental yield suburbs in Australia for units

Rank Suburb (Postcode) State LGA Median Price Weekly Median Rent Gross Rental Yield
1st Pegs Creek (6714) WA Karratha $410,000 $1,000 12.7%
2nd Baynton (6714) WA Karratha $545,000 $1,250 11.9%
3rd Cable Beach (6726) WA Broome $330,000 $750 11.8%
4th Bulgarra (6714) WA Karratha $280,000 $620 11.5%
5th Port Augusta (5700) SA Port Augusta $116,930 $250 11.1%
6th Moranbah (4744) QLD Isaac $352,500 $750 11.1%
7th South Hedland (6722) WA Port Hedland $339,000 $700 10.7%
8th Boulder (6432) WA Kalgoorlie-Boulder $250,000 $500 10.4%
9th Kalgoorlie (6430) WA Kalgoorlie-Boulder $270,000 $530 10.2%
10th Somerville (6430) WA Kalgoorlie-Boulder $307,500 $600 10.1%
11th Newman (6753) WA East Pilbara $235,000 $450 10.0%
12th Bellamack (0832) NT Palmerston $289,000 $550 9.9%
13th Broome (6725) WA Broome $392,000 $750 9.9%
14th Brassall (4305) QLD Ipswich $235,000 $448 9.9%
15th Dysart (4745) QLD Isaac $220,000 $398 9.4%
16th Larapinta (0875) NT Alice Springs $255,000 $460 9.4%
17th Port Hedland (6721) WA Port Hedland $430,471 $775 9.4%
18th Beresford (6530) WA Greater Geraldton $252,500 $450 9.3%
19th Sadadeen (0870) NT Alice Springs $260,000 $460 9.2%
20th Karama (0812) NT Darwin $272,500 $480 9.2%
21st Driver (0830) NT Palmerston $262,000 $460 9.1%
22nd Ludmilla (0820) NT Darwin $280,000 $480 8.9%
23rd Bakewell (0832) NT Palmerston $285,000 $480 8.8%
24th Gray (0830) NT Palmerston $275,000 $460 8.7%
25th Melbourne (3000) VIC Melbourne $395,000 $650 8.6%
26th Kununurra (6743) WA Wyndham-East Kimberley $342,500 $562 8.5%
27th Moulden (0830) NT Palmerston $262,500 $428 8.5%
28th Djugun (6725) WA Broome $429,500 $700 8.5%
29th Sorrento (6020) WA Joondalup $399,900 $650 8.5%
30th Whyalla Playford (5600) SA Whyalla $160,000 $260 8.5%
31st Leanyer (0812) NT Darwin $340,000 $535 8.2%
32nd Rosebery (0832) NT Palmerston $335,000 $525 8.1%
33rd Cardwell (4849) QLD Cassowary Coast $237,000 $370 8.1%
34th Millner (0810) NT Darwin $315,000 $490 8.1%
35th Southside (4570) QLD Gympie $234,000 $363 8.1%
36th Coolalinga (0839) NT Litchfield $300,000 $460 8.0%
37th Emerald (4720) QLD Central Highlands (Qld) $261,700 $400 7.9%
38th Cranbrook (4814) QLD Townsville $249,000 $380 7.9%
39th Manunda (4870) QLD Cairns $256,000 $390 7.9%
40th Gillen (0870) NT Alice Springs $267,500 $405 7.9%
41st Earlville (4870) QLD Cairns $294,500 $445 7.9%
42nd Edmonton (4869) QLD Cairns $279,000 $420 7.8%
43rd Geraldton (6530) WA Greater Geraldton $252,500 $380 7.8%
44th South Kalgoorlie (6430) WA Kalgoorlie-Boulder $350,000 $525 7.8%
45th Bayswater (6053) WA Bayswater $416,000 $620 7.8%
46th Derby (6728) WA Derby-West Kimberley $262,500 $390 7.7%
47th Woolner (0820) NT Darwin $405,000 $600 7.7%
48th Darwin City (0800) NT Darwin $406,000 $600 7.7%
49th Johnston (0832) NT Palmerston $370,000 $550 7.7%
50th Piccadilly (6430) WA Kalgoorlie-Boulder $342,500 $510 7.7%
51st Larrakeyah (0820) NT Darwin $392,500 $575 7.6%
52nd West Mackay (4740) QLD Mackay $330,000 $480 7.6%
53rd Travancore (3032) VIC Moonee Valley $357,500 $520 7.6%
54th Marrara (0812) NT Darwin $340,000 $495 7.6%
55th Carlton (3053) VIC Melbourne $380,000 $550 7.5%
56th Whyalla (5600) SA Whyalla $173,000 $250 7.5%
57th Araluen (0870) NT Alice Springs $320,000 $460 7.5%
58th Parap (0820) NT Darwin $417,500 $600 7.5%
59th Perth (6000) WA Perth $490,000 $700 7.4%
60th Douglas (4814) QLD Townsville $330,000 $470 7.4%
61st Withers (6230) WA Bunbury $266,250 $373 7.3%
62nd South Gladstone (4680) QLD Gladstone $250,000 $350 7.3%
63rd Port Douglas (4877) QLD Douglas $400,000 $560 7.3%
64th Coconut Grove (0810) NT Darwin $355,000 $500 7.3%
65th Cannonvale (4802) QLD Whitsunday $382,500 $540 7.3%
66th Notting Hill (3168) VIC Monash $390,000 $550 7.3%
67th Holloways Beach (4878) QLD Cairns $330,200 $460 7.2%
68th Orelia (6167) WA Kwinana $315,000 $435 7.2%
69th Wembley (6014) WA Cambridge $400,000 $550 7.2%
70th Glendalough (6016) WA Stirling $400,000 $550 7.2%
71st Hawker (2614) ACT Unincorporated ACT $365,000 $498 7.1%
72nd The Gap (0870) NT Alice Springs $314,750 $428 7.1%
73rd Southbank (3006) VIC Melbourne $495,000 $675 7.1%
74th Bayview (0820) NT Darwin $530,000 $723 7.1%
75th Wembley Downs (6019) WA Stirling $512,500 $700 7.1%
76th Koongal (4701) QLD Rockhampton $256,000 $350 7.1%
77th Erskine (6210) WA Mandurah $365,000 $500 7.1%
78th Brinkin (0810) NT Darwin $351,000 $480 7.1%
79th Lyons (2606) ACT Unincorporated ACT $365,200 $495 7.0%
80th Ingham (4850) QLD Hinchinbrook $232,500 $315 7.0%
81st Seymour (3660) VIC Mitchell $258,500 $350 7.0%
82nd Numurkah (3636) VIC Moira $235,000 $318 7.0%
83rd Lockridge (6054) WA Swan $440,000 $595 7.0%
84th Rapid Creek (0810) NT Darwin $363,000 $490 7.0%
85th Freshwater (4870) QLD Cairns $410,000 $550 7.0%
86th Nightcliff (0810) NT Darwin $351,000 $470 7.0%
87th Wongaling Beach (4852) QLD Cassowary Coast $302,500 $400 6.9%
88th East Perth (6004) WA Perth $530,000 $700 6.9%
89th Clifton Beach (4879) QLD Cairns $416,250 $550 6.9%
90th Mackay (4740) QLD Mackay $337,500 $450 6.9%
91st Thornlie (6108) WA Gosnells $422,500 $560 6.9%
92nd Lismore (2480) NSW Lismore $290,000 $385 6.9%
93rd Stuart Park (0820) NT Darwin $420,000 $560 6.9%
94th Albion (3020) VIC Brimbank $281,000 $370 6.8%
95th Blacks Beach (4740) QLD Mackay $380,000 $500 6.8%
96th Gladstone Central (4680) QLD Gladstone $327,063 $430 6.8%
97th Bunbury (6230) WA Bunbury $457,500 $600 6.8%
98th Jubilee Pocket (4802) QLD Whitsunday $393,000 $515 6.8%
99th Hermit Park (4812) QLD Townsville $290,000 $380 6.8%
100th Ascot (6104) WA Belmont $500,000 $655 6.8%

Source: CoreLogic. Data reported to the period ending April 2025. Median values account for sales transactions over 12 months.

Image by Jorge Láscar on Flickr

First published in January 2022

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