Which capital cities have the highest (and lowest) rental yields?
Darwin investors are earning higher rental yields than landlords in any other Australian capital city, according to RP Data.
The Northern Territory city stands apart from most other capitals, where home values have outperformed rental growth, says RP Data head of research Tim Lawless.
"With rents being substantially outpaced by dwelling values, the rental yield scenario is slimmest Melbourne where the typical house is achieving gross yield of just 3.3% while Sydney's average yields
aren't a great deal higher at 3.7%," Lawless says.
"Darwin and Hobart are showing a much healthier yield profile with the typical dwelling providing gross yield of 5.4% and 5.9% respectively."
House rental yields by capital city:
- Darwin: 5.9%
Median price: $570,000 - Hobart: 5.4%
Median price: $330,000 - Brisbane: 4.5%
Median price: $470,000 - Canberra: 4.2%
Median price: $566,000 - Adelaide: 4.2%
Median price: $415,000 - Perth: 4.1%
Median price: $540,000 - Sydney: 3.6%
Median price: $792,000 - Melbourne: 3.2%
Median price: $615,000
Rental yields for units are on the next page. Please click below.
Unit rental yields by capital city:
- Darwin: 6.0%
Median price: $536,200 - Hobart: 5.4%
Median price: $250,000 - Brisbane: 5.4%
Median price: $380,000 - Canberra: 4.9%
Median price: $398,500 - Adelaide: 4.7%
Median price: $333,000 - Perth: 4.7%
Median price: $450,000 - Sydney: 4.5%
Median price: $590,000 - Melbourne: 4.1%
Median price: $472,000