The 12 highest yielding unit suburbs in Victoria

When purchasing an investment apartment, it's not uncommon for rental yield and cash flow to be on the list of "top concerns" for the buyer.

Apartments can provide decent cash flow in some locations, usually at a lower price point than for a house in the same area.

Looking to the latest available list of RP Data's suburb statistics, Property Observer found Victoria's highest yielding suburbs and how far from Melbourne's CBD you have to go to find them.

These 12 suburbs range from 6% rental yield upwards from as close as 22 kilometres from the CBD.

Click on the suburb name to go to a more in depth data page:

• Meadow Heights

6.01%

22 kilometres from Melbourne CBD

• Truganina

6.10%

24 kilometres from Melbourne CBD

• Melton

6.29%

45 kilometres from Melbourne CBD

• Melton South

6.12%

46 kilometres from Melbourne CBD

• Cranbourne West

7.28%

50 kilometres from Melbourne CBD

• Alfredton

7.08%

120 kilometres from Melbourne CBD

• Inverloch

18.20%

147 kilometres from Melbourne CBD

Note: This statistical anomaly is due to the area’s high frequency of holiday home rentals. Many ask in excess of $2,500 per week for tightly held beach retreat units, while the apartment properties that hit the market regularly tend to be small two or three bedroom offering around the $180,000 to $350,000 mark. It’s unlikely this type of yield is realistically attainable.

• Yarrawonga

6.21%

275 kilometres from Melbourne CBD

• Horsham

6.43%

300 kilometres from Melbourne CBD

• West Wodonga

6.00%

321 kilometres from Melbourne CBD

• Wodonga

6.20%

322 kilometres from Melbourne CBD

• Mildura

6.23%

542 kilometres from Melbourne CBD