30 suburbs with yields of more than 10%

30 suburbs with yields of more than 10%

by 0 comments

Massive rental yields can be found in five states and territories – with two suburbs recording a yield figure in excess of 20 per cent.

Australia’s highest-yielding suburbs can be found in NSW, Victoria, South Australia, Tasmania and the Northern Territory, according to the latest CoreLogic RP Data statistics.

NSW led the charge, with Thurgoona, a suburb in the regional city of Albury, recording a gross rental yield of 23.11 per cent for units during the 12 months ending October 2015.

The rest of the state’s top performers were located in coastal towns, where holiday lets appeared to drive up yields.

Among the highlights were Broulee and Killcare, on the south and central coasts of NSW respectively.

Broulee recorded a gross rental yield of 21.63 per cent for units and Killcare 17.49 per cent on houses.

The coastal theme wasn’t just restricted to NSW, with popular holiday destinations in two other states recording impressive returns.

Tasmania’s Bicheno, a popular seaside destination on the east coast, recorded a yield figure of 18.11 per cent for houses.

On the Apple Isle’s west coast, Zeehan recorded a gross rental yield of 12.8 per cent for houses.

In South Australia, houses in Port Vincent recorded a gross rental yield of 13.93 per cent.

In the Northern Territory, the newly established suburb of Zuccoli – an exception to the coastal theme – recorded a yield of 15.78 per cent.

The only states and territories without a suburb recording more than of 10 per cent were Victoria, Western Australia and the ACT.

Western Australia came the closest, with units in Broome recording a yield of 9.9 per cent.

Victoria’s top performer was Murtoa, where houses recorded a yield of 8.99 per cent.

Crace was the ACT’s highest yielding suburb, with units recording a figure of 6.04 per cent.

[Related: 31 suburbs growing at more than 40%]

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

With a combined sales volume of over $14 billion in 2017, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
How this agent grew his database by 50% in five years

In this episode of Secrets of the Top 100 Agents, Robert Pignataro joins host Tim Neary to explain how he increased his personal database by...

View all podcasts

Does the benefit of being part of a branded group outweigh the cost?

Depends on the group
Do you have an industry update?