High rental yields can increase an investor’s chances of having a positively geared property. This means the property generates more income (i.e. rent) each year than it costs in interest payments and other expenses. According to the data, these suburbs are where you can expect to find the Australian properties with the highest rental yields at the moment.
How important are rental yields to property investors?
For investors, rental yield is a useful way to assess annual income, but there are plenty of other things to take into account as well, like vacancy rates, planned investment and other factors that could suggest strong capital gains.
Simon Pressley of Propertyology says basing property investments primarily on rental yields is a “flawed strategy”.
“At the end of the day, a few thousand dollars of income per year is nowhere near enough to retire on,” Mr Pressley told Savings.com.au.
“But a property that produces strong capital growth means hundreds of thousands of dollars' equity, enabling the investor to repeat the process, plus the option of converting equity into cash during the retirement years.”
He said the most important consideration should be selecting an area with good economic fundamentals as this is what drives capital growth.
“The next most important priority is buying a conventional asset - a standard house - in a central part of town. When it comes to sell, the conventional nature will attract a larger resale audience than other assets,” Mr Pressley said.
“Apartments produce higher rental yields than a conventional house in the same location, but our studies confirm that investing in asset types other than detached houses is surrendering half, or more, of your capital growth potential.”
What gives a suburb a strong rental yield?
Rental yield is how much income a property generates relative to its value. It’s calculated by dividing the annual rental income a property generates by its market value.
If the value of a property increases dramatically but the rental yield stays the same, the rental yield decreases. This doesn’t mean the property is generating any less income, just that the income is smaller relative to the property value.
Rental yields tend to be higher in areas where the demand for rent is higher than the demand for owner-occupied property.
For example, in August ‘24, the Karratha suburb of Baynton had the highest average rental yields for units in the nation. The median price was only $456,000, but the average weekly advertised rent was $1,325 which means an average rental yield of 15.1%. Karratha is the biggest urban centre in the Pilbara region of Western Australia. If you’ve heard of Pilbara, it was likely in relation to mining - the region sits atop one of the biggest iron ore deposits in the world. Demand for property can therefore be more transient, as miners come and go. This region of WA figures prominently at the top of these rankings, along with other mining centres like Mount Isa in Queensland.
The majority of the suburbs in the top 100 lists are outside of the capital cities of the respective states. For houses, only Darwin City (800), Melbourne City (3000) and four Perth suburbs crack the top 100.
Perhaps unsurprisingly, the capitals fare a little better for units. There were 22 suburbs from Perth, 17 from Darwin, three from Melbourne and two from Brisbane - but that still leaves more than 50% of the top suburbs for rental yield outside of the major cities.
Australia rental yields in 2024
Rental yields increase when the cost of renting becomes greater relative to property values. The latest data on rental yields (up to August) suggests the highest rental yields in Australia are to be found in regional Western Australia. The average house in country WA has a rental yield of 6.7%, while investors could expect a 8.3% annual return on units. For cities, Darwin had the highest average yield for both houses (5.9%) and units (7.3%).
Here’s how we were sitting as of August '24:
| State | Area | Property Type | Median Price | Weekly Median Advertised Rent | Gross Rental Yield |
|---|---|---|---|---|---|
| ACT | Metro | Houses | $940,000 | $660 | 3.6% |
| ACT | Metro | Units | $580,000 | $565 | 5.0% |
| NSW | Metro | Houses | $1,400,000 | $750 | 2.8% |
| NSW | Metro | Units | $792,000 | $680 | 4.5% |
| NT | Metro | Houses | $566,000 | $650 | 5.9% |
| NT | Metro | Units | $360,000 | $530 | 7.3% |
| QLD | Metro | Houses | $870,000 | $610 | 3.7% |
| QLD | Metro | Units | $625,000 | $575 | 5.1% |
| SA | Metro | Houses | $800,000 | $570 | 3.9% |
| SA | Metro | Units | $570,000 | $490 | 4.8% |
| TAS | Metro | Houses | $690,000 | $535 | 4.0% |
| TAS | Metro | Units | $530,000 | $460 | 4.5% |
| VIC | Metro | Houses | $840,000 | $550 | 3.3% |
| VIC | Metro | Units | $615,000 | $550 | 4.6% |
| WA | Metro | Houses | $745,000 | $650 | 4.9% |
| WA | Metro | Units | $520,000 | $600 | 6.6% |
| NSW | Country | Houses | $725,000 | $550 | 3.9% |
| NSW | Country | Units | $620,000 | $460 | 3.9% |
| NT | Country | Houses | $418,500 | $550 | 6.5% |
| NT | Country | Units | $272,000 | $410 | 6.9% |
| QLD | Country | Houses | $645,000 | $600 | 5.0% |
| QLD | Country | Units | $620,000 | $550 | 4.8% |
| SA | Country | Houses | $430,000 | $400 | 4.9% |
| SA | Country | Units | $310,000 | $300 | 5.0% |
| TAS | Country | Houses | $510,000 | $445 | 4.4% |
| TAS | Country | Units | $430,000 | $380 | 4.7% |
| VIC | Country | Houses | $552,500 | $460 | 4.2% |
| VIC | Country | Units | $409,000 | $380 | 4.8% |
| WA | Country | Houses | $476,000 | $600 | 6.7% |
| WA | Country | Units | $350,000 | $550 | 8.3% |
Source: CoreLogic. Data reported to the period ending August 2024. Median values account for sales transactions over three months.
After a record breaking period of rental growth, things appear to be easing up as we close out 2024. Domain Research found quarterly growth from June to September was the softest since 2019 for houses and 2020 for units.
“Our latest Rent Report shows all capital cities have passed their peak in growth rates and are now decelerating rapidly with some cities already in decline,” Domain Head of Research Dr Nicola Powell said.
House price growth has also slowed in the back half of the year - although different markets are still at different speeds. Queensland, Western Australia and South Australia, the major growers over the past two years, are still at record high prices as of October according to CoreLogic.
Read more:
- Highest rental yields in NSW
- Highest rental yields in VIC
- Highest rental yields in QLD
- Highest rental yields in WA
- Highest rental yields in SA
Interested in an investment property? Here are some of the top options in Australia at the moment
| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | Max LVR | Lump Sum Repayment | Additional Repayments | Split Loan Option | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6.19% p.a. | 6.58% p.a. | $3,059 | Principal & Interest | Variable | $0 | $530 | 90% | 90% LVR |
| Disclosure | ||||||||||
6.24% p.a. | 6.26% p.a. | $3,075 | Principal & Interest | Variable | $0 | $250 | 60% |
| Disclosure | |||||||||||
6.29% p.a. | 6.20% p.a. | $3,092 | Principal & Interest | Variable | $0 | $0 | 80% | Apply in minutes |
| Promoted | Disclosure | |||||||||
6.34% p.a. | 6.36% p.a. | $3,108 | Principal & Interest | Variable | $0 | $530 | 90% |
| Promoted | Disclosure | ||||||||||
6.34% p.a. | 6.36% p.a. | $3,108 | Principal & Interest | Variable | $0 | $350 | 60% |
Top rental yield suburbs in Australia for houses
Coolgardie in WA had the highest rental yield for houses at 17.3%. Kambalda East and South Boulder, both also WA, were the next highest at 13.2% and 12.4% respectively. Collinsville in Queensland was the first non WA suburb (12.3% yield).
| Rank | Suburb (Postcode) | State | LGA | Median Price | Weekly Median Advertised Rent | Gross Rental Yield |
|---|---|---|---|---|---|---|
| 1st | Coolgardie (6429) | WA | Coolgardie | $120,000 | $400 | 17.3% |
| 2nd | Kambalda East (6442) | WA | Coolgardie | $142,000 | $360 | 13.2% |
| 3rd | South Boulder (6432) | WA | Kalgoorlie-Boulder | $205,000 | $490 | 12.4% |
| 4th | Collinsville (4804) | QLD | Whitsunday | $161,250 | $380 | 12.3% |
| 5th | Moora (6510) | WA | Moora | $180,000 | $410 | 11.8% |
| 6th | Millars Well (6714) | WA | Karratha | $487,500 | $1,100 | 11.7% |
| 7th | Kambalda West (6442) | WA | Coolgardie | $175,000 | $380 | 11.3% |
| 8th | Pioneer (4825) | QLD | Mount Isa | $187,500 | $400 | 11.1% |
| 9th | Wandoan (4419) | QLD | Western Downs | $175,000 | $370 | 11.0% |
| 10th | Port Hedland (6721) | WA | Port Hedland | $719,000 | $1,500 | 10.8% |
| 11th | Derby (6728) | WA | Derby-West Kimberley | $202,500 | $420 | 10.8% |
| 12th | Nickol (6714) | WA | Karratha | $560,000 | $1,150 | 10.7% |
| 13th | Baynton (6714) | WA | Karratha | $685,000 | $1,400 | 10.6% |
| 14th | Parkside (4825) | QLD | Mount Isa | $221,000 | $450 | 10.6% |
| 15th | Boulder (6432) | WA | Kalgoorlie-Boulder | $275,000 | $550 | 10.4% |
| 16th | Pegs Creek (6714) | WA | Karratha | $507,500 | $1,000 | 10.2% |
| 17th | Merredin (6415) | WA | Merredin | $190,000 | $370 | 10.1% |
| 18th | Newman (6753) | WA | East Pilbara | $325,000 | $625 | 10.0% |
| 19th | South Hedland (6722) | WA | Port Hedland | $470,000 | $900 | 10.0% |
| 20th | Bulgarra (6714) | WA | Karratha | $510,000 | $950 | 9.7% |
| 21st | Moranbah (4744) | QLD | Isaac | $349,000 | $650 | 9.7% |
| 22nd | Dysart (4745) | QLD | Isaac | $217,500 | $395 | 9.4% |
| 23rd | Sunset (4825) | QLD | Mount Isa | $256,500 | $465 | 9.4% |
| 24th | Mornington (4825) | QLD | Mount Isa | $265,000 | $480 | 9.4% |
| 25th | Broken Hill (2880) | NSW | Broken Hill | $190,000 | $340 | 9.3% |
| 26th | Happy Valley (4825) | QLD | Mount Isa | $265,000 | $470 | 9.2% |
| 27th | Moura (4718) | QLD | Banana | $215,000 | $378 | 9.1% |
| 28th | Kalgoorlie (6430) | WA | Kalgoorlie-Boulder | $342,500 | $600 | 9.1% |
| 29th | Djugun (6725) | WA | Broome | $692,500 | $1,200 | 9.0% |
| 30th | Hopetoun (6348) | WA | Ravensthorpe | $260,000 | $450 | 9.0% |
| 31st | West Lamington (6430) | WA | Kalgoorlie-Boulder | $409,500 | $698 | 8.9% |
| 32nd | Ouyen (3490) | VIC | Mildura | $192,500 | $328 | 8.8% |
| 33rd | Cloncurry (4824) | QLD | Cloncurry | $225,000 | $380 | 8.8% |
| 34th | Blackwater (4717) | QLD | Central Highlands (Qld) | $227,000 | $380 | 8.7% |
| 35th | Port Pirie West (5540) | SA | Port Pirie | $197,500 | $330 | 8.7% |
| 36th | Solomontown (5540) | SA | Port Pirie | $204,000 | $340 | 8.7% |
| 37th | Mount Morgan (4714) | QLD | Rockhampton | $230,000 | $380 | 8.6% |
| 38th | Monto (4630) | QLD | North Burnett | $212,500 | $350 | 8.6% |
| 39th | Katherine South (850) | NT | Katherine | $280,000 | $460 | 8.5% |
| 40th | Rochester (3561) | VIC | Campaspe | $299,000 | $490 | 8.5% |
| 41st | Townview (4825) | QLD | Mount Isa | $260,000 | $425 | 8.5% |
| 42nd | Karloo (6530) | WA | Greater Geraldton | $260,100 | $425 | 8.5% |
| 43rd | Piccadilly (6430) | WA | Kalgoorlie-Boulder | $368,000 | $600 | 8.5% |
| 44th | Bilingurr (6725) | WA | Broome | $675,000 | $1,075 | 8.3% |
| 45th | Katanning (6317) | WA | Lower Great Southern | $252,000 | $400 | 8.3% |
| 46th | South Lismore (2480) | NSW | Lismore | $285,000 | $450 | 8.2% |
| 47th | Somerville (6430) | WA | Kalgoorlie-Boulder | $523,500 | $825 | 8.2% |
| 48th | South Kalgoorlie (6430) | WA | Kalgoorlie-Boulder | $349,000 | $550 | 8.2% |
| 49th | Queenstown (7467) | TAS | West Coast | $187,500 | $295 | 8.2% |
| 50th | Tennant Creek (860) | NT | Barkly | $280,000 | $440 | 8.2% |
| 51st | Hannans (6430) | WA | Kalgoorlie-Boulder | $477,500 | $750 | 8.2% |
| 52nd | Depot Hill (4700) | QLD | Rockhampton | $250,000 | $392.50 | 8.2% |
| 53rd | Charleville (4470) | QLD | Murweh | $175,000 | $272.50 | 8.1% |
| 54th | Katherine East (850) | NT | Katherine | $355,000 | $550 | 8.1% |
| 55th | Soldiers Hill (4825) | QLD | Mount Isa | $310,000 | $480 | 8.1% |
| 56th | Cable Beach (6726) | WA | Broome | $647,000 | $1,000 | 8.0% |
| 57th | East Innisfail (4860) | QLD | Cassowary Coast | $269,000 | $415 | 8.0% |
| 58th | Charters Towers City (4820) | QLD | Charters Towers | $240,000 | $370 | 8.0% |
| 59th | Warracknabeal (3393) | VIC | Yarriambiack | $212,000 | $325 | 8.0% |
| 60th | Home Hill (4806) | QLD | Burdekin | $232,500 | $350 | 7.8% |
| 61st | Zeehan (7469) | TAS | West Coast | $200,000 | $300 | 7.8% |
| 62nd | Winston (4825) | QLD | Mount Isa | $270,000 | $400 | 7.7% |
| 63rd | Rangeway (6530) | WA | Greater Geraldton | $250,000 | $370 | 7.7% |
| 64th | Onslow (6710) | WA | Ashburton | $545,000 | $800 | 7.6% |
| 65th | Capella (4723) | QLD | Central Highlands (Qld) | $259,000 | $380 | 7.6% |
| 66th | East Bairnsdale (3875) | VIC | East Gippsland | $332,500 | $480 | 7.5% |
| 67th | Collie (6225) | WA | Collie | $340,000 | $490 | 7.5% |
| 68th | Utakarra (6530) | WA | Greater Geraldton | $275,000 | $395 | 7.5% |
| 69th | Peak Hill (2869) | NSW | Parkes | $202,500 | $290 | 7.4% |
| 70th | Jurien Bay (6516) | WA | Dandaragan | $315,000 | $450 | 7.4% |
| 71st | Port Augusta (5700) | SA | Port Augusta | $224,135 | $320 | 7.4% |
| 72nd | Healy (4825) | QLD | Mount Isa | $395,000 | $563 | 7.4% |
| 73rd | Narrogin (6312) | WA | Narrogin | $260,000 | $370 | 7.4% |
| 74th | Blackall (4472) | QLD | Blackall Tambo | $188,000 | $268 | 7.4% |
| 75th | Ingham (4850) | QLD | Hinchinbrook | $250,000 | $355 | 7.4% |
| 76th | Cobar (2835) | NSW | Cobar | $225,602.50 | $320 | 7.4% |
| 77th | Roxby Downs (5725) | SA | Roxby Downs | $280,000 | $395 | 7.3% |
| 78th | Bordertown (5268) | SA | Tatiara | $270,000 | $380 | 7.3% |
| 79th | Port Pirie South (5540) | SA | Port Pirie | $270,000 | $380 | 7.3% |
| 80th | Dampier (6713) | WA | Karratha | $782,500 | $1,100 | 7.3% |
| 81st | Lamington (6430) | WA | Kalgoorlie-Boulder | $441,500 | $620 | 7.3% |
| 82nd | Rockhampton City (4700) | QLD | Rockhampton | $300,000 | $420 | 7.3% |
| 83rd | Proserpine (4800) | QLD | Whitsunday | $428,750 | $600 | 7.3% |
| 84th | Richmond Hill (4820) | QLD | Charters Towers | $280,000 | $388 | 7.2% |
| 85th | Broome (6725) | WA | Broome | $615,000 | $850 | 7.2% |
| 86th | Whyalla Norrie (5608) | SA | Whyalla | $217,080 | $300 | 7.2% |
| 87th | Spalding (6530) | WA | Greater Geraldton | $290,000 | $400 | 7.2% |
| 88th | Longreach (4730) | QLD | Longreach | $250,000 | $340 | 7.1% |
| 89th | Sadadeen (870) | NT | Alice Springs | $410,000 | $558 | 7.1% |
| 90th | Northam (6401) | WA | Northam | $320,000 | $430 | 7.0% |
| 91st | Mahomets Flats (6530) | WA | Greater Geraldton | $380,000 | $510 | 7.0% |
| 92nd | Girards Hill (2480) | NSW | Lismore | $410,000 | $550 | 7.0% |
| 93rd | Larapinta (875) | NT | Alice Springs | $432,500 | $580 | 7.0% |
| 94th | Sarina (4737) | QLD | Mackay | $395,000 | $527.50 | 6.9% |
| 95th | Emerald (4720) | QLD | Central Highlands | $375,000 | $500 | 6.9% |
| 96th | Boggabri (2382) | NSW | Narrabri | $315,000 | $420 | 6.9% |
| 97th | Whyalla Stuart (5608) | SA | Whyalla | $210,000 | $280 | 6.9% |
| 98th | Araluen (870) | NT | Alice Springs | $530,000 | $705 | 6.9% |
| 99th | Ceduna (5690) | SA | Ceduna | $275,000 | $365 | 6.9% |
| 100th | Dongara (6525) | WA | Irwin | $370,000 | $490 | 6.9% |
Source: CoreLogic. Data reported to the period ending August 2024. Median values account for sales transactions over twelve months.
Top rental yields in Australia for units
Western Australia also swept the podium for units with Bayton (15.1% yield), Broome (12.9%) and South Hedland (12.8%).
| Rank | Suburb (Postcode) | State | LGA | Median Price | Weekly Median Advertised Rent ($) | Rental Yield |
|---|---|---|---|---|---|---|
| 1 | Baynton (6714) | WA | Karratha | $456,000 | $1,325 | 15.1% |
| 2 | Broome (6725) | WA | Broome | $262,500 | $650 | 12.9% |
| 3 | South Hedland (6722) | WA | Port Hedland | $294,500 | $725 | 12.8% |
| 4 | Moranbah (4744) | QLD | Isaac | $295,000 | $700 | 12.3% |
| 5 | Pegs Creek (6714) | WA | Karratha | $413,500 | $950 | 11.9% |
| 6 | Somerville (6430) | WA | Kalgoorlie-Boulder | $273,500 | $600 | 11.4% |
| 7 | Newman (6753) | WA | East Pilbara | $195,000 | $427.50 | 11.4% |
| 8 | Bulgarra (6714) | WA | Karratha | $282,000 | $600 | 11.1% |
| 9 | Roxby Downs (5725) | SA | Roxby Downs | $142,000 | $300 | 11.0% |
| 10 | Cable Beach (6726) | WA | Broome | $355,000 | $750 | 11.0% |
| 11 | Beresford (6530) | WA | Greater Geraldton | $222,500 | $450 | 10.5% |
| 12 | Koongal (4701) | QLD | Rockhampton | $175,000 | $345 | 10.3% |
| 13 | Port Hedland (6721) | WA | Port Hedland | $426,413 | $812.50 | 9.9% |
| 14 | Dysart (4745) | QLD | Isaac | $206,000 | $385 | 9.7% |
| 15 | Jubilee Pocket (4802) | QLD | Whitsunday | $288,750 | $515 | 9.3% |
| 16 | Karama (812) | NT | Darwin | $252,500 | $450 | 9.3% |
| 17 | Brassall (4305) | QLD | Ipswich | $240,000 | $427.50 | 9.3% |
| 18 | Piccadilly (6430) | WA | Kalgoorlie-Boulder | $270,000 | $480 | 9.2% |
| 19 | Gray (830) | NT | Palmerston | $250,000 | $440 | 9.2% |
| 20 | Sadadeen (870) | NT | Alice Springs | $255,000 | $445 | 9.1% |
| 21 | Cardwell (4849) | QLD | Cassowary Coast | $217,500 | $375 | 9.0% |
| 22 | Emerald (4720) | QLD | Central Highlands (Qld) | $220,000 | $377.50 | 8.9% |
| 23 | Boulder (6432) | WA | Kalgoorlie-Boulder | $265,000 | $450 | 8.8% |
| 24 | Rosebery (832) | NT | Palmerston | $310,000 | $520 | 8.7% |
| 25 | Deagon (4017) | QLD | Brisbane | $230,000 | $385 | 8.7% |
| 26 | Sorrento (6020) | WA | Joondalup | $335,000 | $560 | 8.7% |
| 27 | Orelia (6167) | WA | Kwinana | $240,000 | $400 | 8.7% |
| 28 | Edmonton (4869) | QLD | Cairns | $260,000 | $430 | 8.6% |
| 29 | Yangebup (6164) | WA | Cockburn | $366,000 | $600 | 8.5% |
| 30 | Cranbrook (4814) | QLD | Townsville | $215,000 | $350 | 8.5% |
| 31 | Bakewell (832) | NT | Palmerston | $280,000 | $455 | 8.5% |
| 32 | Bungalow (4870) | QLD | Cairns | $240,000 | $390 | 8.5% |
| 33 | Marrara (812) | NT | Darwin | $302,000 | $490 | 8.4% |
| 34 | Hyde Park (4812) | QLD | Townsville | $216,500 | $350 | 8.4% |
| 35 | Idalia (4811) | QLD | Townsville | $279,000 | $450 | 8.4% |
| 36 | Whyalla (5600) | SA | Whyalla | $165,000 | $265 | 8.4% |
| 37 | Manunda (4870) | QLD | Cairns | $237,500 | $380 | 8.3% |
| 38 | Kalgoorlie (6430) | WA | Kalgoorlie-Boulder | $313,000 | $500 | 8.3% |
| 39 | Currajong (4812) | QLD | Townsville | $198,000 | $315 | 8.3% |
| 40 | Bayswater (6053) | WA | Bayswater | $374,500 | $590 | 8.2% |
| 41 | Parap (820) | NT | Darwin | $362,500 | $570 | 8.2% |
| 42 | Withers (6230) | WA | Bunbury | $210,000 | $330 | 8.2% |
| 43 | South Gladstone (4680) | QLD | Gladstone | $205,000 | $320 | 8.1% |
| 44 | Woree (4868) | QLD | Cairns | $231,000 | $360 | 8.1% |
| 45 | Malak (812) | NT | Darwin | $270,000 | $420 | 8.1% |
| 46 | Thornlie (6108) | WA | Gosnells | $335,000 | $520 | 8.1% |
| 47 | Melbourne (3000) | VIC | Melbourne | $413,000 | $640 | 8.1% |
| 48 | Driver (830) | NT | Palmerston | $287,500 | $445 | 8.0% |
| 49 | Wembley Downs (6019) | WA | Stirling | $420,000 | $650 | 8.0% |
| 50 | Bluff Point (6530) | WA | Greater Geraldton | $233,000 | $360 | 8.0% |
| 51 | Larapinta (875) | NT | Alice Springs | $277,500 | $425 | 8.0% |
| 52 | Bilingurr (6725) | WA | Broome | $411,000 | $628.50 | 8.0% |
| 53 | Bellamack (832) | NT | Palmerston | $347,500 | $530 | 7.9% |
| 54 | Wongaling Beach (4852) | QLD | Cassowary Coast | $240,000 | $360 | 7.8% |
| 55 | South Mackay (4740) | QLD | Mackay | $300,000 | $450 | 7.8% |
| 56 | Hermit Park (4812) | QLD | Townsville | $234,000 | $350 | 7.8% |
| 57 | Bucasia (4750) | QLD | Mackay | $262,500 | $390 | 7.7% |
| 58 | Millner (810) | NT | Darwin | $310,000 | $460 | 7.7% |
| 59 | Bowen (4805) | QLD | Whitsunday | $270,000 | $400 | 7.7% |
| 60 | Mundingburra (4812) | QLD | Townsville | $250,000 | $370 | 7.7% |
| 61 | Coolalinga (839) | NT | Litchfield | $311,000 | $460 | 7.7% |
| 62 | Johnston (832) | NT | Palmerston | $345,000 | $510 | 7.7% |
| 63 | Darwin (800) | NT | Darwin | $420,000 | $620 | 7.7% |
| 64 | Mackay (4740) | QLD | Mackay | $305,000 | $450 | 7.7% |
| 65 | New Auckland (4680) | QLD | Gladstone | $238,000 | $350 | 7.6% |
| 66 | Notting Hill (3168) | VIC | Monash | $340,000 | $500 | 7.6% |
| 67 | West Mackay (4740) | QLD | Mackay | $327,000 | $480 | 7.6% |
| 68 | Pimlico (4812) | QLD | Townsville | $238,500 | $350 | 7.6% |
| 69 | Wembley (6014) | WA | Cambridge | $356,250 | $520 | 7.6% |
| 70 | East Cannington (6107) | WA | Canning | $395,000 | $575 | 7.6% |
| 71 | Hamilton Hill (6163) | WA | Cockburn | $380,000 | $550 | 7.5% |
| 72 | Araluen (870) | NT | Alice Springs | $312,500 | $450 | 7.5% |
| 73 | Chinchilla (4413) | QLD | Western Downs | $250,000 | $360 | 7.5% |
| 74 | Glendalough (6016) | WA | Stirling | $365,000 | $525 | 7.5% |
| 75 | Holloways Beach (4878) | QLD | Cairns | $296,000 | $425 | 7.5% |
| 76 | Darwin City (800) | NT | Darwin | $415,000 | $595 | 7.5% |
| 77 | Douglas (4814) | QLD | Townsville | $300,000 | $430 | 7.5% |
| 78 | Glen Eden (4680) | QLD | Gladstone | $285,000 | $407.50 | 7.4% |
| 79 | Carlton (3053) | VIC | Melbourne | $350,000 | $500 | 7.4% |
| 80 | Redcliffe (6104) | WA | Belmont | $397,750 | $565 | 7.4% |
| 81 | Nightcliff (810) | NT | Darwin | $352,000 | $500 | 7.4% |
| 82 | Wellard (6170) | WA | Kwinana | $375,250 | $530 | 7.3% |
| 83 | Southside (4570) | QLD | Gympie | $234,000 | $330 | 7.3% |
| 84 | Northbridge (6003) | WA | Perth | $462,500 | $650 | 7.3% |
| 85 | Ascot (6104) | WA | Belmont | $420,000 | $590 | 7.3% |
| 86 | Morley (6062) | WA | Bayswater | $441,500 | $620 | 7.3% |
| 87 | Bayview (820) | NT | Darwin | $520,000 | $730 | 7.3% |
| 88 | Manoora (4870) | QLD | Cairns | $285,000 | $400 | 7.3% |
| 89 | Kenwick (6107) | WA | Gosnells | $427,500 | $600 | 7.3% |
| 90 | Seymour (3660) | VIC | Mitchell | $250,000 | $350 | 7.3% |
| 91 | East Mackay (4740) | QLD | Mackay | $315,000 | $440 | 7.3% |
| 92 | Perth (6000) | WA | Perth | $466,000 | $650 | 7.3% |
| 93 | Spearwood (6163) | WA | Cockburn | $395,000 | $550 | 7.2% |
| 94 | Queens Park (6107) | WA | Canning | $431,050 | $600 | 7.2% |
| 95 | Cannonvale (4802) | QLD | Whitsunday | $360,000 | $500 | 7.2% |
| 96 | East Victoria Park (6101) | WA | Victoria Park | $446,500 | $620 | 7.2% |
| 97 | Bentley (6102) | WA | Canning | $425,000 | $590 | 7.2% |
| 98 | Coconut Grove (810) | NT | Darwin | $355,000 | $492.50 | 7.2% |
| 99 | Blacks Beach (4740) | QLD | Mackay | $355,250 | $490 | 7.2% |
| 100 | Cloverdale (6105) | WA | Belmont | $400,000 | $550 | 7.2% |
Source: CoreLogic. Data reported to the period ending August 2024. Median values account for sales transactions over twelve months.
First published on January 2022
Image by Jorge Láscar on Flickr
Ready, Set, Buy!
Learn everything you need to know about buying property – from choosing the right property and home loan, to the purchasing process, tips to save money and more!
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Rachel Horan
Alex Brewster
