The highest yielding suburbs in SPI’s FAST 50 report

While the report is brimming with insights into some of the most promising Australian suburbs for investors, in this series SPI breaks the FAST 50 report down based on each utilised data point.

So far, we’ve covered the five most affordable suburbs contained in the report.

Today, we return to Australia’s west coast, where it appears the rental yields exceed those of any other state as we explore the five FAST 50 suburbs with the highest rental yields.

Armadale (WA) 6.5 per cent:

Intensifying its position as the most affordable suburb in the FAST 50 report, the region is boosted by its claim to first place in the rental yield standings as well. Not only are Armadale’s housing prospects mouth-watering, but a host of billion-dollar industrial infrastructure projects mean jobs, and potentially demand, are far from drying.

Greenfields (WA) 6.4 per cent:

A scenic, quaint coastal region near the ever-popular Mandurah, Greenfields is anything but what its name suggests. Several esteemed waterways, including the Peel-Harvey estuary and Peel Inlet, allow permanent residents and tourists, of which there are many, to benefit from the suburb’s seaside standing.

Camillo (WA) and Maryborough (QLD) 6.3 per cent:

Sharing the podium in this list are two suburbs on completely opposite ends of the country, Perth’s Camillo and central Queensland’s Maryborough.

Located south of the Western Australian capital’s central business district, Camillo is home to the cheapest home sale in the state this year and has been billed as the ideal community for families, first home buyers, and investors alike.

On Australia’s opposite coast, Maryborough has seamlessly transitioned from a sturdy industrial region into an underrated tourist hotspot which benefits from its proximity to Hervey Bay.

Orelia (WA) 6.1 per cent:

Falling just short of the podium, this suburb within Perth’s City of Kwinana is bracing for a population boom in the coming decades, with 80,000 residents expected to call Orelia home by 2050.

Mandurah (WA), Bertram (WA), and Maddington (WA) – 5.9 per cent:

Rounding out the top five, and the first suburbs in the list where yields dip below 6 per cent, this trio of Western Australian suburbs are far from similar.

Mandurah, a popular coastal tourist hotbed, leveraged the significant lifestyle shifts born throughout the COVID-19 pandemic to elevate its standing in the eyes of prospective long-term residents.

Meanwhile, closer to the state capital, Perth’s Bertram is one of the city’s youngest suburbs, having only been around since 1998. On the capital’s eastern fringe, Maddington has been described by the Real Estate Institute of Western Australia (REIWA) as a “suburb spoiled with opportunity.”

To find out which other suburbs made Smart Property Investment’s FAST 50 report, download it here.