Holiday lettings puts Broulee atop NSW's top 10 regional rental yield locations

Holiday lettings puts Broulee atop NSW's top 10 regional rental yield locations
Holiday lettings puts Broulee atop NSW's top 10 regional rental yield locations

Regional localities in New South Wales are returning property investors with the highest gross rental yields across the state.

Figures show investors at the entry level of the market can still anticipate a gross rental yield of between 7 percent to 14 percent.

Broulee on the New South Wales south coast topped the list, with a gross rental yield of 14 percent, clearly buoyed by holiday lettings often at $1,200.

It comes with a median house price of $456,250.

There are some mining towns on the list too.

 

New South Wales highest-yield localities

Locality Median Price Quarterly growth 12-month growth Weekly median advertised rent Gross rental yield
Broulee $456,250 3% 4% $1,200 14%
Bawley Point $562,750 1% 16% $1,395 13%
Broken Hill $106,000 6% -4% $230 11%
Malua Bay $470,000 6% 7% $1,000 11%
Sussex Inlet $420,000 2% 14% $875 11%
Warialda $142,500 3% -3% $240 9%
Wellington $141,000 -3% 4% $228 8%
Tomakin $409,000 4% 14% $650 8%
South Kempsey $163,750 1% -17% $260 8%
Tuross Head $405,000 7% 17% $635 8%

A three bedroom home in Broulee (above) is on the market for $540,000.

It last traded for $59,000 in 1993.

A three bedroom villa in Broulee (below) sold for $430,000 in March.

Holiday lettings puts Broulee atop NSW's top 10 regional rental yield locations

A three bedroom home (below) that last sold for $357,000 in 2015 is up for lease at $380 a week, offering a five percent yield.

Holiday lettings puts Broulee atop NSW's top 10 regional rental yield locations

A three bedroom holiday home in Broulee can rent up to $1,800 a week during peak holiday season.

It last traded for $175,000 in 2011.

For the median price at Broken Hill a two bedroom home such as the one at 140 Bromide Street (below) that was sold for $107,000.

Holiday lettings puts Broulee atop NSW's top 10 regional rental yield locations

 

 

Tags: 
New South Wales Rental Yield

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