Brisbane suburbs with the highest rental yields

November 04, 2015
Melinda Halloran

As the end of the year approaches, it’s likely you’ve begun thinking about your financial goals for 2016. If purchasing an investment property is on your to-do list, you’ll need to know which suburbs in Brisbane attract the highest rental yields.

Over the last 12 months, Brisbane has seen a positive 3.9% growth in dwelling prices and rental demand has been consistently high.

Average rental yield in Brisbane

CoreLogic RP Data shows that rental yield for houses across Brisbane is 4.4% and 5.1% for units. In Sydney, these figures are 3.3% for houses and 4.2% for units, while Melbourne attracts 3.6% for houses and 4.1% for units.

There are many pundits who believe that the Brisbane property market isn’t growing as fast as it should be, but these numbers should come as welcome news for investors looking to purchase property in Brisbane.

An important point to note for investors is that many of the highest performing suburbs for rental yield are not in the inner city, but rather in the Logan and Ipswich regions.

Brisbane’s top performing suburbs for rental yield

Houses

Ellen Grove

  • Yield: 6.9%
  • Median sale price: $255,000
  • Percentage of stock on the market: 6.6%

Eagleby

  • Yield: 6.1%
  • Median sale price: $271,000
  • Percentage of stock on the market: 6.3%

Archerfield

  • Yield: 6.1%
  • Median sale price: $325,000
  • Percentage of stock on the market: 5%

Woodridge

  • Yield: 6.1%
  • Median sale price: $275,000
  • Percentage of stock on the market: 6.6%

Kallangur

  • Yield: 5.6%
  • Median sale price: $352,000
  • Percentage of stock on the market: 7.4% 

Units

Loganlea

  • Yield: 8.5%
  • Median sale price: $195,000
  • Percentage of stock on the market: 7.7%

Hillcrest

  • Yield: 7.9%
  • Median sale price: $230,000
  • Percentage of stock on the market: 8.4% 

Bellbird Park

  • Yield: 7.6%
  • Median sale price: $185,750
  • Percentage of stock on the market: 11.9%

Warner

  • Yield: 7%
  • Median sale price: $245,000
  • Percentage of stock on the market: 11.9%

Caboolture

  • Yield: 6.8%%
  • Median sale price: $210,000
  • Percentage of stock on the market: 9.5% 

When analysing the data, we found that suburbs surrounding those presented in the list also had similar yields. In compiling this list, we have tried to select the highest suburbs outside of these clusters. 

Other high performers for units include Salisbury at 6.5%, Taigum at 6.2%, Graceville at 6.1%, Woolloongabba at 6.1% and Forest Lake at 6%. High performers for houses include Mount Ommaney at 5.7%, Sumner at 5.3%, Bald Hills at 5.2%, Wynnum West at 5%, Taigum at 4.8% and Petrie Terrace at 4.5%.

Related stories
Brisbane: A look at how the city is changing
What is negative gearing?
How to identify Brisbane’s growth suburbs

Follow on Facebook | Back to blog 

Posted in: Property investment

Contact us today.


Additional Comments? * :