Top Tasmania rental yield suburbs October 2015

Four of Tasmania’s highest-yielding suburbs for units and one of the state’s highest yielding suburbs for houses were located within the city of Launceston, according to gross rental yield figures from CoreLogic RP Data.

With yields of 9.4 per cent, Launceston suburb Waverley is the only suburb on the list for houses that is situated within a major city.

South Launceston, Youngtown, Summerhill and Newnham, all situated within the city of Launceston, make up four of the five suburbs in the top-yielding suburbs for units. South Launceston saw yields of 7.8 per cent, Youngtown 7.2 per cent, Summerhill 7.1 per cent, and Newnham 7.0 per cent.

Topping off the list for units is suburb Claremont, with a rental yield of 7.0 per cent.

Positioned toward the west coast of Tasmania, suburbs Zeehan, Queenstown, and Rosebery made the list for houses, with yields of 12.8, 12.3 and 12.2 respectively.

East coast suburb Bicheno saw the highest yields across the state, topping the list for houses with 18.1 per cent rental yields.

The town’s population of less than 1,000 permanent residents however, indicates that this figure may not reflect actual investment returns in the region. Bicheno is known as a fishing port and beach resort town, so holiday rentals are likely skewing the gross rental yield being reported.

Top 5 Tasmania rental yield suburbs (houses)

Bicheno: 18.1%
Zeehan: 12.8%
Queenstown: 12.3%
Rosebery: 12.2%
Waverley: 9.4%
Source: CoreLogic RP Data

Top 5 Tasmania rental yield suburbs (units)

South Launceston: 7.8%
Youngtown: 7.2%
Summerhill: 7.1%
Newnham: 7.0%
Claremont: 7.0%
Source: CoreLogic RP Data

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