Best Places to Buy Property in Australia with Highest Rental Yield - 10 Best Rental Yield Suburbs





Best Places to Buy Property in Australia with Highest Rental Yield - 10 Best Rental Yield Suburbs.

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10 Suburbs with Highest Rental Return in Australia

10. Broken Hill, New South Wales
9. South Hedland, Western Australia
8. Dysart, Queensland
7. Charleville, Queensland
6. Blackwater, Queensland
5. Mount Morgan, Queensland
4. Merredin, Western Australia
3. Kambalda, Western Australia
2. Derby, Western Australia
1. Collinsville, Queensland

If you’re looking to invest in property in Australia, it’s important to find out which property can give you highest rental yield to ensure you get a good return on your investment.

The suburbs carry a price advantage as compared to the cities without compromising on the quality of the property. We’ve compiled a list of top 10 suburbs with the highest gross rental yield in Australia. Let’s have a look at which suburbs topped the list.

10. Broken Hill, NSW

Broken Hill in New South Wales, Australia’s oldest mining town, is nearly 500 kms far from Adelaide. This is a great place to live with all the necessary services available. House prices are cheap enough that most people can afford to buy their own home. Town is safe, civilised and quiet. This dry and dusty town is very cheap to live and probably the most affordable for majority of people these days but it's a dead town & the quality of life is very basic. The median house price is $180,000 with nearly 10.30% rental yield.

9. South Hedland, WA

Port Hedland is famous for its massive resource industry, long trains, big ships and salt piles. South Hedland is a residential area of Port Hedland, very popular with residents. South Hedland is cheap and people are very friendly. There are housing options to suit most budgets and lifestyles, and town has excellent shopping centre. Crime and anti social behavior is bit worrying. The median house price is $400,000 with nearly 10.50% rental yield.

8. Dysart, QLD

Dysart is a coal mining town and services centre for the nearby Saraji coal mine and Norwich Park. Dysart is a friendly community with modern facilities, including an Olympic-sized pool and nine-hole golf course. Amenities and services include good schools, sporting facilities, parks, public swimming pool, grocery store, restaurants and cafes. The median house price is $150,000 with nearly 10.90% rental yield.

7. Charleville, QLD

Charleville, a rural town in south-central Queensland, is 660 km west of Brisbane. With a population of over 3,000, it is the largest town in South West Queensland. Surrounded by rich pastoral land, it grew to prominence as an important transportation stopover between the vast properties of western Queensland and the vital railhead at Roma. Living here is a lot cheaper than living in the city. The median house price is $175,000 with nearly 11.20% rental yield.

6. Blackwater, QLD

Blackwater is known as the Coal Capital of Queensland and a small mining town in the Central Highlands Region of Queensland. Everyone is very friendly and there is still a strong sense of community. Facilities are good, Emerald town is only a short drive away for shopping. The town also boasts one of the finest Japanese gardens in the state. The median house price is $155,000 with nearly 11.4% rental yield.

5. Mount Morgan, QLD

Mount Morgan, a former gold and copper mining town, is 40 km south-west of Rockhampton on the Dee River. With population of 3000, Mt Morgan is Queensland's well kept secret and is an ideal quiet peaceful little town enjoyed by many retirees. The crime rate is also low. It is the most friendly and polite community. There are shops, hospital, schools and all the other modern conveniences that you will find in a much larger town without the traffic and noise of a big city. The median house price is $150,000 with nearly 12% rental yield.

4. Merredin, WA

Located 285 kms east of Perth, Merredin is the largest town in the central wheat belt area and has everything for the local and tourist alike. The town has a good rail and road transport system with regular services to Perth. Today it is an important town on the Golden Pipeline Heritage Trail. The median house price is $185,000 with nearly 12.7% rental yield.

3. Kambalda West, WA

Kambalda is a small mining town about 60 km from the mining city of Kalgoorlie in Western Australia. It has lots to offer to family, great work opportunities, friendly people, shopping centre, banks, supermarkets, great facilities including the new recreation centre, sports fields and swimming pool. Town is the gateway to the Goldfields and has some excellent camping and picnic spots in very close proximity. The median house price is $160,000 with nearly 13.8% rental yield.

2. Derby, WA

Derby is town and port in Western Australia, located 222 km north-east of Broome. Town offers its residents a unique, outdoor lifestyle surrounded by spectacular and untouched wilderness. It is the gateway to the natural beauty of the Kimberley; its national parks, ranges, gorges and rivers provide memorable recreational camping, fantastic fishing, walking and touring opportunities. However, the nights are noisy and abuse of drugs and alcohol is bit troublesome. The median house price is $260,000 with nearly 14.2% rental yield.

1. Collinsville, QLD

Collinsville is a mining town, once so radical it was nicknamed "Little Moscow" now known as the Pit Pony Capital of Australia. Town is safe, very friendly, close to coast and promise easy going country living. Bowen is only one hour away, two hour drive to Airlie Beach, three hours to Mackay or Townsville and Proserpine airport is a about a 90 minute drive. The bird life is extraordinary and town is like a breath of fresh air compared to city life. The median house price is $143,000 with nearly 15.6% rental yield, making it the best place to invest in Australia.

 

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