Property data and analytics firm CoreLogic has today revealed where Australia’s top 100 suburbs for property investments are located based on a combination of rental yields and rental growth.
The latest ‘Top Rental Performers’ report identifies the number one rental performer as houses in Queensland’s humble Blackwater, where investors can achieve a rental yield of 11.8% and a median value of $119,816. Renters there are paying median rents of $255/week, a 15.9% lift on the previous year.
CoreLogic Research Analyst, Cameron Kusher comments: “Purchasing property for investment still makes up a significant proportion of Australia’s housing market, but to make the grade as a ‘top renter’ for this report a suburb needed to have a solid gross rental yield of least 5% for units or houses, plus consistent rental growth.”
“Against that criteria, 62 suburbs were identified as offering good rental opportunities for houses and a further 38 suburbs where units offered the best rental value.”
“Queensland totally dominates the top 100 rental performers list, with 43 suburbs represented from the Sunshine State: a significant lead ahead New South Wales (19), Victoria (13) and South Australia (12). Tasmania accounted for just 9 suburbs on the list, Western Australia had 2 and only 1 suburb in each of NT and ACT made the cut.”
Houses took out 8 of the top 10 places on the top 100 list:
Median property values in the report ranged from $93,094 to $519,095 for houses and between $144,626 and $427,927 for units.