Queensland’s highest yielding apartment suburbs
With yields dropping across Sydney and Melbourne due to the recent rise in prices, it comes as little surprise that those who chase strong cash flow may be considering other areas.
In fact, RP Data recently suggested that investors look to the “smaller” capital cities for future growth and sustainable yields as well, meaning that investors may just be right to look interstate.
Property Observer looked at RP Data’s latest statistics to find suburbs across Queensland with strong gross yields – considering anything at 7% and above. This returned 28 suburbs, from a flat 7% to 10.99%.
Some of the areas are mining oriented, while some are small regional towns and many come with a substantial degree of risk (Moranbah, for instance, is an area that regularly gets labelled a hotspot but has suffered a huge downturn). Gladstone also makes the list, and has been under Terry Ryder's microscope in August, where he said the worst is yet to come.
Investors are encouraged to do their due diligence. We have listed the high yielding suburbs below, with their median prices.
Suburbs in and around Brisbane:
Source: Google Maps 2014
Suburbs in and around Cairns:
Source: Google Maps 2014
Here are the top yielding suburbs:
7%
$186,000
7%
$260,000
7.08%
$272,000
- Gladstone City
7.11%
$307,000
7.12%
$475,000
7.15%
$160,000
7.15%
7.17%
$181,000
7.28%
$375,000
7.28%
$357,000
7.28%
$200,000
7.29%
$164,000
7.29%
$189,000
7.42%
$498,000
7.5%
$215,000
7.56%
$172,000
7.66%
$146,000
7.75%
$191,000
7.87%
$175,000
8.11%
$212,000
8.12%
$218,000
8.14%
$166,000
8.31%
$144,000
8.46%
$185,000
8.71%
$131,000
9.53%
$255,000
10.78%
$240,000
10.99%
$144,000