New data has revealed the five states with suburbs that have achieved gross rental yields above 10 per cent.
NSW, Western Australia, South Australia, Queensland and Tasmania are all home to one or more of the 18 suburbs achieving 10 per cent-plus gross rental yields, according to new figures from CoreLogic RP Data.
Tasmania was the front runner, with suburb Zeehan achieving gross rental yields of 14.44 per cent. Rosebery, with rental yields of 13.42 per cent, was another Tasmanian suburb to make the list, along with Queenstown and Bicheno.
Queensland had six suburbs above the 10 per cent mark; Tara led the way for the sunshine state with gross rental yields of 13.68 per cent. Collinsville achieved yields of 12.24 per cent, with Charters Towers City, Kooralbyn, Dysart and Richmond Hill not far behind.
South Australia saw five of its own make the list, with Coober Pedy out in front for gross rental yields of 13.39 per cent. Port Pirie West recorded rental yields of 10.92 per cent, closely followed by Peterborough, Port Augusta and McCracken.
NSW is home to two suburbs that made the list. Moree, in northern NSW, reached rental yields of 10.74 per cent, while Broken Hill in the far west of the state achieved gross rental yields of 10.12 per cent.
The final state on the list is Western Australia, with just one suburb recording gross rental yields above 10 per cent – Broome, with 10.45 per cent.
Victoria, the Northern Territory and the ACT didn’t quite make the cut.
Victoria’s frontrunner was Murtoa, with rental yields of 9.39, while NT’s top position was taken out by Tennant Creek at 9.01 per cent.
ACT was several percentage points behind, with its top spot awarded to Wright for gross rental yields of 6.05 per cent.