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Australia’s lowest rent yielding suburbs are split between four capital cities.
Six of the 10 capital city suburbs with the lowest rental yields are in Sydney, CoreLogic RP Data statistics for February show.
Potts Point fell from 4.85 per cent compared with February 2014. No figure for February 2014 was available for comparison for Austral, but in December 2014 the suburb boasted a slightly higher yield of 1.76 per cent .
Deepdene (City of Boroondara) in Melbourne was next, with a gross rental yield of 1.70 per cent for houses. No data were available for last year for comparison.
Glenorie (The Hills Shire) in Sydney recorded a gross rental yield of 1.73 per cent, down from 3.02 per cent.
In Adelaide, Walkerville's rental yield of 1.81 per cent was slightly down from 2.30 last year.
in Sydney recorded a rental yield of 1.84 per cent, a drop from 2.94 per cent last year.
Also in Sydney, Tennyson Point produced a rental yield of 1.91 per cent. This was a decrease from 2.44 per cent the previous year.
Eaglemont in Melbourne recorded a rental yield of 1.94 per cent, also a fall from 2.22 per cent.
The Perth suburb of Peppermint Grove rounded out the top 10 lowest rent-yielding suburbs in Australia.
It produced a gross figure of 1.95 per cent, down from the 2.28 per cent recorded in 2014.