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Qld country town named best for rental yields

11 SEP 2019 • By Emma Ryan • 2 min read • Hotspots

A country town in Queensland’s Central Highlands region has been revealed as Australia’s top performer for rental yields.

Blackwater Queensland spi

Blackwater has taken out the top spot in the latest CoreLogic Top 100 rental performance analysis. Located 190 km west of Rockhampton, Blackwater has a population of around 4,700 and is described as a significant coal mining area in Central Queensland.

According to CoreLogic, data to July confirmed that a typical house in the town has a rental yield of 11.7 per cent and a median value of $122,165.

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The CoreLogic Top Rental Performers Report reveals 100 suburbs where houses or units have an estimated gross rental yield of 5 per cent or more per annum. Median house values in the report ranged from $89,483 to $521,597, and for units between $133,205 and $395,577.

According to CoreLogic research analyst Cameron Kusher, the areas to make the grade as the “best for rents” demonstrated solid rental yields, consistent rental growth and vacancy rates of less than 3 per cent.

Top 10 

1. Blackwater, QLD

Average rental yield: 11.7 per cent

Median house value: $122,165

2. Broken Hill, NSW

Average rental yield: 11.7 per cent

Median house value: $89,483

3. Woree, QLD

Average rental yield: 10.8 per cent

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Median house value: $133,205

4. Manunda, QLD 

Average rental yield: 9.5 per cent

Median house value: $149,745

5. Katanning, WA

Average rental yield: 9.1 per cent

Median house value: $150,043

6. Cobar, NSW

Average rental yield: 8.8 per cent

Median house value: $152,916

7. Bordertown, SA

Average rental yield: 8.8 per cent

Median house value: $152,570

8. Bungalow, QLD

Average rental yield: 8.7 per cent

Median house value: $175,050

9. Moranbah, QLD

Average rental yield: 8.7 per cent

Median house value: $203,060

10. Port Augusta, SA

Average rental yield: 8.4 per cent

Median house value: $145,475

 

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RELATED TERMS

Blackwater
Blackwater, also known as sewage, is wastewater mixed biological material that may contain dangerous substances and pose a health hazard.
Yield
Yield is defined as the earnings that were generated and realized on investment for a specified period.
Emma Ryan

Emma Ryan

AUTHOR

Emma Ryan is the deputy head of content at Momentum Media.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: Emma.Ryan@momentummedia.com.au

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