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Brisbane dominates highest-yielding suburbs

Brisbane dominates highest-yielding suburbs

by Elyse Perrau 0 comments

Only one Australian capital city has failed to make an appearance in the top 50 suburbs producing big returns. 

According to CoreLogic RP Data statistics for March, Sydney was the only capital city not represented in the top 50 suburbs returning the largest rewards to investors.

Brisbane suburbs dominated the highest rent-yielding list, with 18 producing top returns. Adelaide was not far behind, with 15 suburbs also making the cut. 

Hobart had eight suburbs in the top 50, Melbourne and Darwin three apiece, Perth two and Canberra one. 

Darwin claimed the highest two rent-yielding suburbs for March, with Zuccoli producing a rental yield of 14.55 per cent and Johnston 13.27 per cent.

No data was available for Zuccoli in March 2014, but Johnston’s rental yield decreased from 15.38 per cent. 

Next was Gagebrook in Tasmania, which recorded a gross rental yield of 9.15 per cent compared to 9.4 per cent the previous year.

Clarendon in Tasmania produced a gross rental yield of 8.87 per cent, which was a marginal increase from 8.09 per cent.

In Adelaide, Elizabeth Park’s rental yield of 8.80 per cent was up from 6.70 per cent last year.

Doreen in Melbourne produced a gross rental yield of 8.67 per cent, which was an increase from 4.57 per cent.

In Brisbane’s first appearance, the suburb of Bellara recorded a rental yield of 8.57 per cent, up from 5.53 in March 2014.

Hillcrest in Brisbane produced a rental yield of 8.35 per cent, a rise from 5.74 per cent last year.

Risdon Vale in Hobart recorded a gross rental yield of 8.26 per cent, up from 7.74 per cent.

The Adelaide suburb of Elizabeth South rounded out the top 10 highest rent-yielding suburbs in Australia.

It produced a gross rental yield figure of 8.09 per cent, up from the 7.03 per cent recorded in 2014.

[Related: Rental yields fall below 2pc in some suburbs]

 

Brisbane dominates highest-yielding suburbs
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