CoreLogic’s Top Rental Performers Report has reported 42 out of 100 of the top-rated suburbs in all of Australia are located in Queensland.
The country town Blackwater topped this list, with an average property rental yield of 11.7 per cent, against a median value of $122,165. Suburbs in Cairns, Manunda and Woree, were also high on the list, with rental yields of 10.8 and 9.5 per cent.
REIQ CEO Antonia Mercorella said the report demonstrates the resilience and steady growth of the Queensland rental market: “Queensland continues to offer investors the ample opportunities in terms of strong rental yields and consistent rental growth.”
“[The strong return on investment], combined with increasing rental population thanks to rapid local migration, makes Queensland an appealing option for investors. So, it’s not surprising that Queensland dominated the list,” Ms Mercorella said.