The highest yielding suburbs in Australia have been revealed by new data, with four states home to gross rental yields in excess of 10 per cent.
Tasmania, South Australia, Queensland and Western Australia all feature suburbs recording a gross rental yield above 10 per cent, according to the latest data by CoreLogic RP Data.
Tasmania led the charge, with houses in the village of Zeehan recording a figure of 14.44 per cent based on an advertised rent of $150.
Queenstown, with 12.58 per cent, and Rosebery, on 11.64 per cent, also made the cut.
South Australia was home to the next highest result, with the opal mining town of Coober Pedy recording a result of 14.26 per cent, based on an advertised rent of $170 for houses.
Port Pirie West, Peterborough and Quorn also made the list for South Australia, recording figures of 11.03 per cent, 10.4 per cent and 10.03 per cent respectively.
Queensland’s top result was Charters Towers, near Townsville.
The town recorded a gross rental yield of 11.41 per cent, calculated on an advertised rent of $340 for houses.
Queensland was home to the largest number of suburbs recording a gross rental yield in excess of 10 per cent, with six suburbs making the cut.
Along with Charters Towers, they included Dysart, on 11.27 per cent, Ayr, on 10.9 per cent, Kooralbyn, on 10.88 per cent, Collinsville on 10.4 per cent, and Barcaldine on 10.13 per cent.
Western Australia’s Broome was that state’s only suburb to record a yield in excess of 10 per cent, returning a figure of 10.71 per cent based on an advertised rent of $535 for houses.
NSW, Victoria, the Northern Territory and the ACT all failed to deliver a yield above 10 per cent.
The best result in NSW was in Broken Hill, which recorded a yield of 9.66 per cent.
The NT’s best result was Tennant Creek, with a yield of 9.11 per cent.
Murtoa, in Victoria, was that state’s best performing suburb – recording a yield of 8.99 per cent.
Wright was the ACT’s highest result, returning a figure of 5.91 per cent.
To see more of Australia’s highest yielding suburbs, click here.
