2026 | Suburbs with the highest rental yield in Australia revealed
If you’re looking to invest in property in 2026, it’s important to understand rental yield to ensure you get a good return on your investment.
Rental yield is the annual income generated from rent as a percentage of the property’s value. Higher rental yield indicates better cash flow, which can be useful when making property investment decisions.
The level of rental return you can expect is determined by factors such as the location of the property, the type of property, the condition of the property, as well as supply and demand in the market.
We’ve compiled a list of the top 10 suburbs with the highest gross rental yield in each state and region in Australia. Take a look at which suburbs topped the list.
Helpful resource: Get a suburb profile for any suburb in Australia
Suburbs with the best rental yield in Sydney and Regional NSW
Top 10 suburbs with the best rental yield in Sydney
Suburb State Property type Median sale price Median weekly rent Rental yield Werrington NSW House $830,000 $670 4.20% Bow Bowing NSW House $930,000 $750 4.20% Claymore NSW House $970,000 $750 4.00% Vineyard NSW House $1,075,000 $828 4.00% Mcgraths Hill NSW House $1,062,500 $800 3.90% Blacktown NSW Apartment $448,500 $550 6.40% Harris Park NSW Apartment $493,000 $600 6.30% Haymarket NSW Apartment $987,833 $1,190 6.30% Granville NSW Apartment $518,250 $620 6.20% Chippendale NSW Apartment $745,000 $880 6.10% Sydney's rental market remains incredibly tight, particularly in the city's western corridor and inner-city unit precincts.
Blacktown and Harris Park apartments are delivering strong results for investors, with yields exceeding 6.3 per cent and median sale prices remaining relatively affordable for the Sydney market at under $500,000.
For those looking at houses, Werrington and Bow Bowing are the top picks, though the entry price is significantly higher at over $830,000 for a median yield of 4.2 per cent.
High-end units in Haymarket also perform well; despite a median price of nearly $1 million, a weekly rent of $1,190 keeps the yield at a robust 6.3 per cent.
Top 10 suburbs with the best rental yield in regional NSW
Suburb State Property type Median sale price Median weekly rent Rental yield Warren NSW House $212,000 $350 8.60% Coonamble NSW House $180,000 $295 8.50% Broken Hill NSW House $220,000 $360 8.50% Nyngan NSW House $260,000 $410 8.20% West Wyalong NSW House $387,500 $550 7.40% Lismore NSW Apartment $278,000 $420 7.90% Bilambil Heights NSW Apartment $390,000 $525 7.00% Queanbeyan NSW Apartment $350,000 $440 6.50% Moama NSW Apartment $327,500 $400 6.40% South Albury NSW Apartment $290,000 $350 6.30% In regional NSW, the investment story is defined by exceptionally low entry prices leading to spectacular returns.
Inland towns like Warren and Coonamble are seeing house yields of 8.5 per cent and higher, with median property prices sitting well below $220,000. These markets offer a unique opportunity for cash-flow-positive investment that is virtually non-existent in the metropolitan areas.
Regional apartment markets are also showing strength, particularly in Lismore, where a $278,000 median price is returning a yield of 7.9 per cent as the local rental market continues to recover and tighten.
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Suburbs with the best rental yield in Melbourne and Regional VIC
Top 10 suburbs with the best rental yield in Melbourne
Suburb State Property type Median sale price Median weekly rent Rental yield Dallas VIC House $580,000 $500 4.50% Norlane VIC House $479,000 $410 4.50% Doveton VIC House $626,000 $530 4.40% Coronet Bay VIC House $540,000 $450 4.30% Clyde VIC House $701,000 $583 4.30% Carlton VIC Apartment $330,000 $550 8.70% Travancore VIC Apartment $360,000 $525 7.60% Caulfield East VIC Apartment $320,000 $425 6.90% Albion VIC Apartment $281,000 $370 6.80% Notting Hill VIC Apartment $395,000 $520 6.80% Melbourne's unit market continues to offer the best yield prospects for city-based investors, with Carlton delivering an impressive 8.7 per cent.
This is largely driven by the high demand for student accommodation, where a relatively low median price of $330,000 meets a high weekly rent.
House yields in the capital are more modest and generally require a higher entry price; northern suburbs like Dallas and Norlane top the list with yields of 4.5 per cent and median prices under $580,000.
For investors in Melbourne, the data clearly points toward smaller, well-located dwellings near education and transport hubs as the most effective way to maximise yield.
Top 10 suburbs with the best rental yield in regional VIC
Suburb State Property type Median sale price Median weekly rent Rental yield St Arnaud VIC House $275,000 $450 8.50% Warracknabeal VIC House $240,000 $340 7.40% East Bairnsdale VIC House $340,000 $480 7.30% Ouyen VIC House $245,000 $340 7.20% Mortlake VIC House $325,000 $450 7.20% Ararat VIC Apartment $270,000 $340 6.50% Newborough VIC Apartment $240,000 $290 6.30% Sale VIC Apartment $330,000 $380 6.00% Portland VIC Apartment $315,000 $360 5.90% Benalla VIC Apartment $335,000 $380 5.90% Regional Victoria offers a compelling alternative for investors, with the grain and pastoral belts providing some of the state's best returns.
St Arnaud and Warracknabeal are the standout house markets, providing yields above 7.4 per cent with entry prices remaining very low at $240,000 to $275,000. Regional apartment yields are also proving steady in hubs like Ararat, where a $270,000 median price returns a 6.5 per cent yield.
These markets are attracting investors who are priced out of Melbourne but still want exposure to the Victorian market with the added benefit of higher immediate cash flow.
Suburbs with the best rental yield in Brisbane and Regional QLD
Top 10 suburbs with the best rental yield in Brisbane
Suburb State Property type Median sale price Median weekly rent Rental yield Stapylton QLD House $420,000 $450 5.60% Springbrook QLD House $800,000 $790 5.10% Russell Island QLD House $450,000 $440 5.10% Belivah QLD House $830,000 $780 4.90% Richlands QLD House $700,000 $640 4.80% Bowen Hills QLD Apartment $590,000 $650 5.70% South Brisbane QLD Apartment $725,000 $790 5.70% Fortitude Valley QLD Apartment $600,000 $650 5.60% Brisbane City QLD Apartment $737,000 $775 5.50% Bundall QLD Apartment $690,000 $720 5.40% The Brisbane market has seen a surge in demand for well-located apartments, with Bowen Hills and South Brisbane leading the way with yields of 5.7 per cent.
These inner-city unit markets require a median investment of between $590,000 and $725,000, but they offer consistent rental demand from a growing professional population.
The house market also shows pockets of high performance in the outer suburbs; Stapylton is a clear standout with a yield of 5.6 per cent and a very accessible median sale price of $420,000.
This makes it one of the few metropolitan areas where investors can still find high yields without a massive upfront capital requirement.
Top 10 suburbs with the best rental yield in regional QLD
Suburb State Property type Median sale price Median weekly rent Rental yield Middlemount QLD House $225,000 $495 11.40% Collinsville QLD House $205,000 $435 11.00% Dysart QLD House $239,500 $450 9.80% Soldiers Hill QLD House $275,000 $495 9.40% Moranbah QLD House $394,944 $680 9.00% Laguna Quays QLD Apartment $195,000 $375 10.00% Moranbah QLD Apartment $384,000 $650 8.80% Middlemount QLD Apartment $225,000 $370 8.60% Woree QLD Apartment $270,000 $430 8.30% Edmonton QLD Apartment $320,000 $480 7.80% Regional Queensland continues to be dominated by mining and industrial hubs, which are delivering the highest yields in the country.
Middlemount and Collinsville are the standout performers, with house yields sitting at a phenomenal 11 per cent or higher. These markets are incredibly affordable to enter, with median prices around $205,000 to $225,000, though investors should always be mindful of the cyclical nature of resource-based economies.
Regional apartment markets in places like Laguna Quays are also delivering double-digit returns, highlighting a broader trend of industrial regional growth significantly outperforming capital city returns.
Suburbs with the best rental yield in Adelaide and Regional SA
Top 10 suburbs with the best rental yield in Adelaide
Suburb State Property type Median sale price Median weekly rent Rental yield Woodville Gardens SA House $540,000 $598 5.80% Munno Para SA House $508,000 $550 5.60% Andrews Farm SA House $575,000 $550 5.00% Bowden SA House $840,000 $795 4.90% Elizabeth North SA House $490,000 $460 4.90% Walkerville SA Apartment $515,000 $595 6.00% Adelaide SA Apartment $537,000 $600 5.80% Kurralta Park SA Apartment $420,500 $435 5.40% Mawson Lakes SA Apartment $494,000 $510 5.40% St Marys SA Apartment $451,000 $460 5.30% Adelaide's rental yields are showing strong consistency, particularly in the northern suburbs.
Woodville Gardens and Munno Para are standout performers for houses, with yields of 5.6 per cent and higher and median prices sitting comfortably between $500,000 and $540,000.
For unit investors, the city fringe offers the best prospects; Walkerville leads the list with a 6.0 per cent yield and a median price of $515,000.
The data shows that Adelaide remains one of the most balanced markets for investors, offering a combination of steady capital growth and reliable rental returns across a variety of price points.
Top 10 suburbs with the best rental yield in regional SA
Suburb State Property type Median sale price Median weekly rent Rental yield Coober Pedy SA House $85,000 $270 16.50% Peterborough SA House $195,000 $320 8.50% Port Pirie West SA House $240,000 $378 8.20% Quorn SA House $222,500 $340 7.90% Ceduna SA House $285,000 $423 7.70% Cleve SA House $245,000 $350 7.40% Solomontown SA House $282,500 $400 7.40% Roxby Downs SA House $265,000 $375 7.40% Bordertown SA House $320,000 $415 6.70% Port Augusta SA House $287,500 $350 6.30% In the regions, Coober Pedy remains a national outlier with an incredible 16.5 per cent yield and a median house price of just $85,000.
While this market is unique, other regional centres like Peterborough and Port Pirie West also offer robust returns above 8 per cent with entry prices well below $250,000. These towns are driven by low stock levels and steady local demand, providing investors with high-yield opportunities that require very little capital.
Even in more established regional hubs like Port Augusta, yields remain strong at 6.3 per cent, significantly higher than the Adelaide house average.
Suburbs with the best rental yield in Perth and Regional WA
Top 10 suburbs with the best rental yield in Perth
Suburb State Property type Median sale price Median weekly rent Rental yield Cannington WA House $650,000 $700 5.60% Stratton WA House $617,500 $650 5.50% Midvale WA House $630,000 $655 5.40% Hilbert WA House $661,000 $670 5.30% Dayton WA House $740,000 $750 5.30% Swan View WA Apartment $442,500 $595 7.00% Perth WA Apartment $550,000 $730 6.90% Orelia WA Apartment $340,000 $450 6.90% Redcliffe WA Apartment $479,000 $620 6.70% Northbridge WA Apartment $555,000 $700 6.60% Perth remains a high-growth, high-yield environment, with a chronic shortage of rental stock pushing yields higher across the metropolitan area.
Cannington houses are a prime example, yielding 5.6 per cent on a median price of $650,000. Apartment markets are even more lucrative for investors; Swan View and the Perth CBD are reaching yields of up to 7.0 per cent, with units often available for significantly less than the median house price.
This tight rental market is rewarding those who can secure stock in established corridors, as weekly rents continue to rise faster than property values in many pockets.
Top 10 suburbs with the best rental yield in regional WA
Suburb State Property type Median sale price Median weekly rent Rental yield Southern Cross WA House $155,000 $338 11.30% Millars Well WA House $555,000 $1,175 11.00% Kambalda East WA House $167,000 $345 10.70% Baynton WA House $775,000 $1,600 10.70% Onslow WA House $592,500 $1,200 10.50% Newman WA Apartment $203,500 $500 12.80% South Hedland WA Apartment $280,000 $675 12.50% Pegs Creek WA Apartment $500,000 $1,100 11.40% Broome WA Apartment $383,500 $825 11.20% Cable Beach WA Apartment $370,000 $780 11.00% Some of the most explosive rental data in the country continues to come from regional WA, specifically the Pilbara mining region.
Newman and South Hedland are seeing unit yields above 12.5 per cent, with median prices still relatively accessible at under $300,000. For house investors, Southern Cross and Millars Well are delivering returns of 11 per cent or higher, though median prices in these industrial hubs can range from $155,000 all the way to $555,000.
These areas continue to be dominated by massive corporate and worker demand, making them the premier choice for investors focused purely on high-yield outcomes.
Suburbs with the best rental yield in TAS
Top 10 suburbs with the best rental yield in TAS
Suburb State Property type Median sale price Median weekly rent Rental yield Queenstown TAS House $184,300 $295 8.30% Zeehan TAS House $205,000 $290 7.40% Gagebrook TAS House $390,000 $450 6.00% Mayfield TAS House $363,500 $410 5.90% Risdon Vale TAS House $475,000 $500 5.50% East Devonport TAS Apartment $279,000 $400 7.50% West Moonah TAS Apartment $382,500 $450 6.10% Newstead TAS Apartment $375,000 $430 6.00% Longford TAS Apartment $475,000 $500 5.50% Lutana TAS Apartment $460,000 $480 5.40% Tasmania’s yield landscape is increasingly defined by regional value as Hobart’s market matures.
On the West Coast, Queenstown and Zeehan are seeing house yields above 7.4 per cent, with median prices remarkably low at under $205,000. In the unit market, East Devonport is the standout, yielding 7.5 per cent on a median price of $279,000.
While Hobart yields are generally more moderate, the regions provide a strong prospect for investors looking for affordable entry points and steady returns in a market with very limited new housing supply
Suburbs with the best rental yield in NT
Top 10 suburbs with the best rental yield in NT
Suburb State Property type Median sale price Median weekly rent Rental yield Tennant Creek NT House $246,000 $560 11.80% The Gap NT House $345,000 $545 8.20% Katherine South NT House $290,000 $450 8.10% Katherine East NT House $380,000 $570 7.80% Desert Springs NT House $730,000 $1,050 7.50% Malak NT Apartment $288,500 $490 8.80% Larapinta NT Apartment $265,000 $450 8.80% Bellamack NT Apartment $332,250 $550 8.60% Karama NT Apartment $300,000 $490 8.50% Gray NT Apartment $312,500 $490 8.20% The Northern Territory remains the highest-yielding jurisdiction in Australia, with returns that dwarf the southern capitals.
In Darwin, apartment yields in Malak and Larapinta are exceptionally strong at 8.8 per cent, with median prices sitting under $290,000.
Regionally, the numbers are even more stark; Tennant Creek houses are delivering a massive 11.8 per cent yield on a median price of $246,000.
The NT market is heavily geared toward cash flow, and for investors willing to look beyond the major coastal cities, the combination of low entry prices and high rental demand offers an unmatched yield profile.
Suburbs with the best rental yield in Canberra
Top 10 suburbs with the best rental yield in Sydney
Suburb State Property type Median sale price Median weekly rent Rental yield Werrington NSW House $830,000 $670 4.20% Bow Bowing NSW House $930,000 $750 4.20% Claymore NSW House $970,000 $750 4.00% Vineyard NSW House $1,075,000 $828 4.00% Mcgraths Hill NSW House $1,062,500 $800 3.90% Blacktown NSW Apartment $448,500 $550 6.40% Harris Park NSW Apartment $493,000 $600 6.30% Haymarket NSW Apartment $987,833 $1,190 6.30% Granville NSW Apartment $518,250 $620 6.20% Chippendale NSW Apartment $745,000 $880 6.10% Sydney's rental market remains incredibly tight, particularly in the city's western corridor and inner-city unit precincts.
Blacktown and Harris Park apartments are delivering strong results for investors, with yields exceeding 6.3 per cent and median sale prices remaining relatively affordable for the Sydney market at under $500,000.
For those looking at houses, Werrington and Bow Bowing are the top picks, though the entry price is significantly higher at over $830,000 for a median yield of 4.2 per cent.
High-end units in Haymarket also perform well; despite a median price of nearly $1 million, a weekly rent of $1,190 keeps the yield at a robust 6.3 per cent.
Top 10 suburbs with the best rental yield in regional NSW
Suburb State Property type Median sale price Median weekly rent Rental yield Warren NSW House $212,000 $350 8.60% Coonamble NSW House $180,000 $295 8.50% Broken Hill NSW House $220,000 $360 8.50% Nyngan NSW House $260,000 $410 8.20% West Wyalong NSW House $387,500 $550 7.40% Lismore NSW Apartment $278,000 $420 7.90% Bilambil Heights NSW Apartment $390,000 $525 7.00% Queanbeyan NSW Apartment $350,000 $440 6.50% Moama NSW Apartment $327,500 $400 6.40% South Albury NSW Apartment $290,000 $350 6.30% In regional NSW, the investment story is defined by exceptionally low entry prices leading to spectacular returns.
Inland towns like Warren and Coonamble are seeing house yields of 8.5 per cent and higher, with median property prices sitting well below $220,000. These markets offer a unique opportunity for cash-flow-positive investment that is virtually non-existent in the metropolitan areas.
Regional apartment markets are also showing strength, particularly in Lismore, where a $278,000 median price is returning a yield of 7.9 per cent as the local rental market continues to recover and tighten.
Where is this data from?
The data is collected from Domain. Data reflects December 2024 to November 2025 period and suburbs must have at least 10 sales and 10 rental listings in the last 12 months to be included in the list.
Median sale price: The median sale price of all transactions recorded during the last 3-month period.
Median rent: The middle value of advertised weekly rents captured by Domain during the 12 month period
Rental yield: Calculated as (Median Asking Rent * 52 (weeks)), divided by Median Sale Price.
Frequently asked questions about rental yield and property investment
What is a good rental yield?
What is considered good net rental yield really depends on your strategy and where you plan to buy. A good rental yield in a capital city can be anywhere between 3-10%, but again, it depends on the city you’re buying in. Read our article to find out more.
What is a good rental yield in Sydney?
The average gross rental yield in Sydney for houses is around 2.6% and 3.9% for units, so any yield above 4% is considered very good.
What is a good rental yield in Melbourne?
Melbourne has an average gross rental yield of 2.95% for houses and 4.38% for units, so a yield of 5% or above is considered good.
What are the highest yielding properties?
This depends on a range of factors, including the location of your property and whether there is a high demand for similar properties in the area. Properties in great school zones, close to amenities, or even in regional locations that experienced a positive uplift in migration due to covid will generally yield higher returns.
What does yield mean in real estate?
Real estate yield refers to the measurement of the future income of a property. It is usually calculated as an annual percentage, based on the property’s cost or market value. There are two types of yield: gross rental yield, which is income on an investment prior to any expenses being deducted, and net rental yield, which is after expenses have been deducted.
What is a good rental yield in Brisbane?
With an average gross rental yield of 4.02%, any rental yield above 5% is considered good in Brisbane.
