Corio tops list of 15 rural Victorian localities with highest unit yields

Corio in Geelong has the strongest yields for units for all regional postcodes in Victoria, according to RP Data figures.

With a median price of $155,000 and median rental figure of $240 per week, RP Data suggests the suburb has a yield of 8.05% for units.

Looking at what’s currently available it seems the yields aren’t quite as high as RP Data figures suggest though.

Unit 7 at 51-53 Merlin Crescent is listed for sale at $165,000-$175,000. The last asking rent for the property was $220 per week in February this year, giving a yield of 6.54% if it sells for the upper bracket.

And unit 1 at 82 Hendy Street has been listed for sale at $189,000 to $199,000. Its last asking rent was $240 per week in July this year giving a yield of 6.27% if it sells for the upper bracket.

The suburb is followed by Ballarat Central, with yields of 6.88%, according to RP Data. It has a median price of $170,000 for units and a median rent of $225 per week.

Third is Mildura in north western Victoria, with unit yields of 6.66%. The median unit price is $148,000 and the median rent is $190 per week.

The top 15 rural postcodes with the highest yields for units are as follows.