From Ultimo to Yorkeys Knob: where can you find 10%-plus rental yields?
South Hedland has the highest rental yield in Australia, according to the latest Investar suburb performance report.
The report suggests its median unit rent sits at $295 a week, with 23% yield.
This is followed by Moe with 13% and Kambalda East with 12%.
Yorkeys Knob ranked as the best rental yield in Queensland, with 12% yield.
The valuation firm notes that a total of 16 localities across the country have seen over 10% rental yields over the past year.
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Source: Investar
A new listing in South Hedland is a fully furnished two bedroom apartment priced at $57,000.
Located in the Lawson apartment complex, the apartment at 403/17-21 Welsh Street (pictured above) include two bedrooms, open plan lounge area kitchen with ample storage and undercover car space.
Other features include separate laundry area, air conditioning, and access to ground pool within the complex.
A partly furnished two bedroom apartment in South Hedland has been listed for rent with a price of $250 per week.
Located on five minutes' walk from South Hedland CBD, the apartment at 9/2 Scadden Road (pictured above) comes with two bedrooms, functional kitchen, living areas, and front veranda area.
Additional features include wood look vinyl, linen cupboard for storage and single car space.
A 45 square metre self-contained apartment in Ultimo was sold for $280,000 earlier this year.
Located opposite Broadway Shopping Centre, the furnished apartment at 2102/185 Broadway (pictured above) features indoor spa, gym, and swimming pool.
Within footsteps to four popular universities, the Unilodge apartment is strata titled and managed by specialist student Accommodation Company.
An Ultimo one bedroom apartment has recently been listed for rent with a price guide of $560 per week.
Situated in a heritage listed building, the open plan apartment at 99 Jone Street (pictured above) comprises one bedroom, modern kitchen, full bathroom and internal laundry.
It is within walking distance to the CBD, Darling Harbour, Chinatown, the Fish Market, UTS and Broadway Shopping Centre.