Top 10 Suburbs in Australia with the Highest Rental Yields in 2024
Understanding Rental Yields
Factors Influencing High Rental Yields
Economic and Market Trends in 2024
Benefits of Investing in High-Yield Suburbs
Choosing to invest in suburbs with high rental yields comes with plenty of advantages. For starters, investors can enjoy higher rental incomes, which means better cash flow and faster returns on their investments. These areas typically see steady rental demand, which helps keep vacancy rates low and ensures a consistent income stream. Moreover, properties in these suburbs often appreciate value over time, adding to their long-term investment appeal. So, let’s go ahead and check out the best suburbs that you can invest in.
CHAT TO US
BOOK A CALL WITH OUR EXPERTS! ALL YOU NEED IS $65,000
With $65,000 in savings or equity, you can begin or grow your investment portfolio with high-growth properties in Australia's strongest property markets.
Top 10 Suburbs with the Highest Rental Yields in 2024
Mallacoota, Victoria
Median House Price: $580,000
Median Rent: $1,923 per week
Rental Yield: 17.9%
Dolphin Heads, Queensland
Median House Price: $550,000
Median Rent: $1,808 per week
Rental Yield: 17%
Bucasia, Queensland
Median House Price: $530,000
Median Rent: $1,681 per week
Rental Yield: 16.5%
Baynton, Western Australia
Median House Price: $600,000
Median Rent: $1,875 per week
Rental Yield: 16.3%
Coolgardie, Western Australia
Median House Price: $400,000
Median Rent: $1,250 per week
Rental Yield: 16.2%
Bellbird Park, Queensland
Median House Price: $450,000
Median Rent: $1,442 per week
Rental Yield: 16%
Ashfield, New South Wales
Median House Price: $2,000,000
Median Rent: $6,923 per week
Rental Yield: 16%
Charlestown, New South Wales
Median House Price: $650,000
Median Rent: $2,192 per week
Rental Yield: 16%
Bargara, Queensland
Median House Price: $580,000
Median Rent: $1,856 per week
Rental Yield: 16%
Balcatta, Western Australia
Median House Price: $450,000
Median Rent: $1,442 per week
Rental Yield: 16%
Conclusion
Investing in real estate means you need to look at several things carefully, like rental yields, market trends, and the overall economy. The suburbs we’ve talked about stand out because of their high rental yields, which makes them great options for investors in 2024. Whether you’re into the beach, city life, or places with economic growth, these suburbs offer many chances to make the most of your investment.
By focusing on these areas with high rental yields, investors can enjoy strong rental income and also see the potential for their property’s value to grow. As with any investment, doing your homework and planning strategically is key to success. Here’s to a fruitful 2024 with wise investments and solid returns.
FAQs
What is a rental yield?
Why is rental yield important?
How can investors maximize returns in high rental yield suburbs?
What makes a suburb attractive for property investment?
How do economic conditions affect rental yields?
WHAT OUR CLIENTS THINK OF US
Gemma Kim2024-04-04We worked with TIA to purchase our first investment property. We were a bit nervous to take the leap initially. However, the team were so helpful and supportive throughout the whole process. The process was clear and informative at every step. The team were readily available to answer questions. Thanks to the team and their expertise we have walked away with an incredible investment property which is already showing signs of return and growth after a very short period of time. We have full confidence in TIA and we look forward to working with them again for the next investment opportunity.
Yechan Kim2024-04-04Amazing service and attention to detail from the entire team. We managed to secure a fantastic investment property as a great price. The research, information, communication is levels above other buyer's agents. Will be coming back for 2nd and 3rd properties.
Noah Chen2024-04-04Absolutely elated to choose The Investors Agency as my buyers agent. I have bought 2 properties with The Investors Agency, first one with Bobby in 2020 and second time with Mitch & Mike in 2024. I came back because of the strong results with my first property and also the service the team provided. TIA always made me feel comfortable with decisions and always informed and work hard to get the best deal which suit our investment needs. Their process and technology is top-notch and makes the investment property purchasing journey very stress free all the way to post-settlement. I found the value of TIA as my buyers agent through off market deals, time-savings, a deep understanding of growing markets and the detail of property inspections/information for an interstate property. I will definitely recommend building your investment property portfolio with TIA as it’s been a great journey for me.
Eric Marchant2024-03-26The Agency gives solid financial advice and backs it up with the support needed to implement it
Noa Lamm2024-03-16We're thrilled to share our positive experience with The Investors Agency. When we were searching for an investment property in Perth, they proved to be the perfect partner for us. From the outset, The Investors Agency demonstrated professionalism, attentiveness, and a deep understanding of the real estate market. They listened carefully to our investment goals and worked tirelessly to find us a property that aligned perfectly with our objectives. Throughout the process, The Investors Agency was incredibly responsive and organized, making the entire purchasing experience smooth and efficient. Their attention to detail and commitment to excellence were evident every step of the way, making us feel confident and supported throughout the journey. Thanks to The Investors Agency's expertise and dedication, we were able to secure a beautiful property that has already shown promising signs of appreciation in value. Their insight into market trends and investment opportunities was invaluable, and we couldn't be happier with the outcome. We highly recommend The Investors Agency to anyone looking to invest in real estate. Their professionalism, integrity, and exceptional service make them a standout choice in the industry. Thank you, The Investors Agency, for helping us achieve our investment goals in Perth.
Tiyanah Doyle2024-03-16I had such a great experience working with the investors agency, Mitch made my first investment property purchase so easy. Mitch had really great communication and was always available via text/call/email. As it was my first property purchase I felt supported and guided by their expertise and everything is presented in a user friendly way. I would definitely recommend the investors agency and would use them again. They also mortgage broker who is excellent.
Natasa Igrac2024-03-11We had a great experience working with the TIA team in helping us secure our 1st investment property. It was a very smooth process! The team was always there to answer all questions that we had along the way. We are definitely looking forward for our next investment property with them and we can't recommend them highly enough to anyone looking for a knowledgeable and supportive buyers agency.
Greg Kite2024-02-29We have just settled our first property with the guidance of The Investors Agency. The process was smooth and transparent from our initial enquiry to final handover. The Investors Agency made recommendations when required and everyone involved was professional and valuable. A big thanks to James and the whole TIA team..... Where are buying the next one guys?
Eva den Haan2024-02-28The Investors Agency has been super helpful with the purchase of my first investment property. They did all the hard work and communicated with all relevant parties on my behalf, while still making sure I was constantly up to date with the latest developments. The whole process felt very personal and I would highly recommend the team to anyone looking to buy an investment property.
Vicki Milekovic2024-02-26We’ve had such a great experience! From start to finish the investors agency has been so helpful and responsive. They have gotten us exactly where we want to be and made the process so easy. We look forward to our ongoing investing journey with them!Google rating score: 5.0 of 5, based on 115 reviews
WANT TO KNOW MORE
ABOUT US ?
QUICK ENQUIRY FORM