news

Highest-yielding towns

By Staff Reporter
Property investment yields

Various locations across regional Victoria are providing solid rental dividends for investors.

New data from the Real Estate Institute of Victoria (REIV) shows rental yields in regional Victoria outperformed metropolitan Melbourne in the year to 30 June.

Two-bedroom houses experienced the largest difference in yields, with regional Victoria delivering a 5.1 per cent return for this property type — significantly higher than the 2.8 per cent recorded in metropolitan Melbourne.

With a median house price of $175,500 and a weekly median rent of $250, three-bedroom houses in Moe delivered regional Victoria’s highest yield in the year to 30 June at 7.4 per cent.

Other towns recording high yields for the same property type include Bairnsdale, at 6.4 per cent; Morwell, at 6.2 per cent; and Benalla and Echuca, both at 6 per cent.

Other high-yielding locations, according to the REIV data, include three-bedroom homes in Mildura (5.9 per cent), Corio (5.8 per cent), Warrnambool (5.8 per cent), HamiltonHamilton, QLD Hamilton, NSW Hamilton, VIC (5.7 per cent), Wodonga (5.7 per cent) and Sebastopol (5.6 per cent).

The REIV noted that yield was an important consideration for property investors, and often helps form their decisions about location — but cautioned high yields were “no guarantee a property in a particular area will continue to perform well, as movements in weekly median rents and property price have a bearing on the yield”.

“However, knowing the gross rental yield provides a useful guideline as to which areas and property types are seeing yield growth — and in turn this can assist investors when deciding where to buy,” the REIV said.

Highest-yielding towns
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%