Ensure you never miss an issue of the
real estate business bulletin
Australia's 6 highest-yielding suburbs unveiled

Australia's 6 highest-yielding suburbs unveiled

by Reporter 4 comments

The best-performing suburbs in Australia have been revealed by new data, with suburbs spanning four states and one territory returning rental yields in excess of 15 per cent.

There are six suburbs in Australia returning a yield of 15 per cent or more, according to the latest CoreLogic RP Data – the majority from coastal areas reliant on holiday tourism.

Mission Beach in Queensland gives back the most, with a rental yield of 37.27 per cent for units.

That figure is calculated on a median unit price of $60,000 and a weekly rent of $430 in the popular tourist village.

Far away from the coastline is Thurgoona, an outer suburb of Albury in NSW.

With a median price of $70,500 and a weekly rent of $287.50, units there return a yield of 21.21 per cent – making it one of the two non-coastal suburbs to feature on the list.

Tasmania’s Bicheno, on the east coast, recorded a yield of 18.39 per cent for houses, based on a median value of $280,000 and rent of $990 per week.

Zuccoli, in the Northern Territory, ranks fourth with a yield of 16.07 per cent for houses – and is the only other non-coastal exception to the list.

That figure is calculated on a median price of $233,000, likely influenced by a recent land release in the outer-Darwin suburb, and a weekly rent of $720.

With a weekly rent of $2,690 and a median price of $903,500, houses in Killcare (on the NSW central coast) return a rental yield of 15.48 per cent.

The sixth highest-yielding suburb, and the last of those yielding in excess of 15 per cent, is found in South Australia.

Houses in the coastal town of Carrickalinga recorded a rental yield of 15.1 per cent, based on a median price of $413,250 and an advertised rent of $1,200. 

That means that neither the ACT, Western Australia nor Victoria feature a suburb with yields above 15 per cent.

However, Victoria comes the closest, with its highest yielding suburb, Ouyen, returning a yield of 10.86 per cent.

WA isn't far behind, with the mining town of Kambalda West returning 9.29 per cent.

The ACT has the lowest entry into the count: Phillip is its best performer, with a yield of just 6.06 per cent.

[Related: Rents growing at slowest pace on record]

Read More:

Agency counts the dollars after moving off the main street

Friday Funnies: The toilet blockage from hell

Instagram: Plating up in style

Blog: The art of procrastination

 

Australia's 6 highest-yielding suburbs unveiled
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?