news

Best rental yields revealed

By Staff Reporter
14

The 10 suburbs attracting the highest rental yields in the country in 2013 have been uncovered in a new report.

RP Data's Best of the Best 2013 report revealed that Johnston in the Northern Territory led the pack, attracting an average gross rental yield of 15.7 per cent for houses. The median sale price in the suburb for the 12 months to September 2013 was $249,000, and the median weekly rent sat at $750.

Second place for houses went to Bellamack, also in the Palmerston Local Government Area (LGA) in the Northern Territory. The suburb's rental yield for 2013 was 14.4 per cent, with a median sale price of $270,375 and a median weekly rent of $750.

Western Australia was the most heavily represented state on the list for houses, accounting for four of the 10 suburbs. New South Wales, Victoria, South Australia and the ACT did not make the top 10 for houses.

Ultimo in Sydney topped the list for units, with a gross rental yield of 11.2 per cent.

The full list for units and houses can be seen below.

Houses

Suburb

LGA

State

Median sale price

Median rent

Gross rental yield

Johnston

Palmerston

NT

$249,000

$750

15.7%

Bellamack

Palmerston

NT

$270,375

$750

14.4%

Newman

East Pilbara

WA

$838,000

$2,165

13.4%

Kambalda East

Coolgardie

WA

$105,500

$260

12.8%

Rosebery

West Coast

TAS

$70,000

$150

11.1%

Zeehan

West Coast

TAS

$72,000

$150

10.8%

Miles

Dalby

QLD

$396,000

$800

10.5%

Kambalda West

Coolgardie

WA

$161,500

$325

10.5%

Queenstown

West Coast

TAS

$71,000

$140

10.3%

South Hedland

Port Hedland

WA

$830,000

$1,600

10.0%

 Units

Suburb

LGA

State

Median sale price

Median rent

Gross rental yield

Ultimo

Sydney

NSW

$255,000

$550

11.2%

South Hedland

Port Hedland

WA

$565,000

$1,100

10.1%

Millicent

Wattle Range

SA

$68,000

$130

9.9%

Risdon Park South

Port Pirie City

SA

$86,500

$160

9.6%

Boyne Island

Gladstone

QLD

$309,500

$550

9.2%

Whyalla Stuart

Whyalla

SA

$130,000

$230

9.2%

Boulder

Kalgoorlie/Boulder

WA

$175,250

$300

8.9%

North Albury

Albury

NSW

$108,000

$180

8.7%

Elizabeth Downs

Playford

SA

$120,000

$200

8.7%

Whyalla

Whyalla

SA

$157,000

$260

8.6%

promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
FAIRLIGHT 46.02%
2.
CASUARINA 44.36%
3.
THE ENTRANCE NORTH 41.09%
4.
ULTIMO 40.67%
5.
LAVENDER BAY 40.2%