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Most rewarding suburb generates massive 19.2pc yield

Most rewarding suburb generates massive 19.2pc yield

by Elyse Perrau 1 comments

One Australian suburb has such a high gross rental yield it has beaten its closest competitor by five percentage points. 

CoreLogic RP Data statistics for February show Darwin was the only capital city represented in the top 10 list, with the other suburbs coming from regional Australia.

Port Vincent in South Australia took first place with a gross rental yield of 19.2 per cent.

The result was a giant leap from the 4 per cent yield produced by the suburb in February last year.

Bicheno in Tasmania was next, recording a gross rental yield of 14.2 per cent – up from 4.9 per cent the previous year.

Zuccoli in the Northern Territory recorded a 14.2 gross rental yield. No data are available for the previous year.

Huskisson in NSW produced a 14.1 per cent gross rental yield, up from 7.5 per in February 2014.

Rosebery in Tasmania recorded a 13.8 gross rental yield, up from 10.4 per cent.

Nelly Bay in Queensland was not far behind on 13.7 per cent, a jump from 5.4 per cent last year.

Mount Morgan, also in Queensland, produced a 5.7 per cent rise in gross rental yield to hit 13.5 per cent.

Mossy Point in NSW recorded a 13.3 per cent gross rental yield (no data for the previous year).

Both Johnston in Darwin and Killcare in NSW recorded a drop in gross rental yield from the previous year. Johnston hit 13.1 per cent over February, down from 15.6 per cent, and Killcare recorded a 12.9 per cent gross rental yield, a drop of 3 per cent. 

[Related: Top 10 rental yields revealed]

Most rewarding suburb generates massive 19.2pc yield
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