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Capital city suburbs produce yields over 8pc

14 May 2015 Elyse Perrau

Investors from around Australia are earning strong yields, whether for houses to the south of Darwin or units in the west of Sydney.

According to CoreLogic RP Data statistics for April, all capital cities made an appearance in the top 10 suburbs bar Canberra, which just missed out at number 11.

Darwin claimed the two highest rent-yielding suburbs for April, with Zuccoli houses producing a rental yield of 14.18 per cent and Johnston houses 12.91 per cent.

No data was available for Zuccoli in April 2014, but Johnston’s rental yield decreased from 13.57 per cent. 

Next was Winston Hills in Sydney, where units recorded a gross rental yield of 10.23 per cent. No data was available for the previous year.

Gagebrook in Tasmania produced a gross rental yield of 9.08 per cent for houses, which was a marginal decrease from 9.29 per cent.

In Brisbane’s first appearance, the suburb of Boronia Heights recorded a gross rental yield of 8.57 per cent for units, up from 5.54 in April 2014.

Clarendon in Tasmania produced a gross rental yield of 8.84 per cent for houses, which was an increase from 7.91 per cent.

In Melbourne, the suburb of Doreen recorded a gross rental yield of 8.67 per cent for units. No data was available for the previous year.

Loganlea in Brisbane produced a gross rental yield of 8.60 per cent for units, which was a significant rise from 5.19 in April last year. 

Elizabeth Downs in Adelaide recorded a gross rental yield of 8.4 per cent for units, up from 7.82 per cent.

Also in Adelaide, the suburb of Elizabeth Grove produced a gross rental yield of 8.35 per cent for units. This was up from 6.42 per cent the previous year.

Just missing out on the top 10, the suburb of Scullin in Canberra recorded a gross rental yield of 8.30 per cent, which was an increase from 5.13 per cent.

[Related: Brisbane dominates highest-yielding suburbs]

 

Capital city suburbs produce yields over 8pc
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