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Best Cities To Buy Rental Property In Australia

Last updated on May 9th, 2024

Best places to buy Rental Property in the Australia

Best places to buy
Rental Property in the Australia

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Last updated on: 1st May, 2024

Australia
84% of Australians responded that they only looked into one city before buying their first rental property. However, by exploring multiple places, you can gain a broader understanding of the real estate landscape, potentially leading to more informed and profitable investment decisions.

We have gathered up all the important real estate market indicators for you, so you don’t have to spend hours.

Our Methodologies …Read More

Appreciation Factors

We assume that the population, income growth, and property price trend are the most important factors. We are aware that there are a few other factors, mainly the crime rate and planned development projects. However, it is hard to quantify planned developments, so we did not include them here.
We assume that population and income growth will eventually catch up with property prices. So, if a city has had a rapid increase in investment property prices but population and income are growing slowly, then we assume that the property price will not grow as rapidly in the next five years.
  • 5 years of population growth
  • 5 years of income growth
  • 5 years of property price changes

Rental Yields

  • Rental Yield: Ratio between the average monthly rent as a single-family rental and the average property sold price for a 2-bedroom house.
  • Short-term rental Yield: Ratio between the average monthly short-term rental income and the average property sold price of a 2-bedroom house.
  • * Average Rental Yield in the Australia is 8.5%
  • * Average Short Term Rental Yield in the Australia is 14.5%

Top AU Markets to Invest

Whitsunday Islands, QLD, Australia-market-image

Whitsunday islands, qld, australia

5.3x
AU$184K
Yearly
Revenue
24.7%
Net Rental
Yield
9.4%
Annual Appreciation
Devonport-market-image

Devonport

3.2x
AU$34K
Yearly
Revenue
8.3%
Net Rental
Yield
9.7%
Annual Appreciation
Adelaide SA-market-image

Adelaide sa

3.1x
AU$49K
Yearly
Revenue
5.6%
Net Rental
Yield
11.1%
Annual Appreciation
Griffith, Canberra ACT-market-image

Griffith, canberra act

3x
AU$43K
Yearly
Revenue
7.1%
Net Rental
Yield
9.5%
Annual Appreciation
Port Lincoln-market-image

Port lincoln

2.9x
AU$48K
Yearly
Revenue
10.8%
Net Rental
Yield
6.3%
Annual Appreciation
Cairns, Queensland-market-image

Cairns, queensland

2.8x
AU$49K
Yearly
Revenue
9.6%
Net Rental
Yield
6.6%
Annual Appreciation
Toowoomba QLD-market-image

Toowoomba qld

2.8x
AU$34K
Yearly
Revenue
6.5%
Net Rental
Yield
9%
Annual Appreciation
Brisbane, QLD-market-image

Brisbane, qld

2.8x
AU$50K
Yearly
Revenue
5.7%
Net Rental
Yield
9.4%
Annual Appreciation
Gold Coast QLD, Australia-market-image

Gold coast qld, australia

2.8x
AU$58K
Yearly
Revenue
5.1%
Net Rental
Yield
9.7%
Annual Appreciation
Noosa Heads QLD, Australia-market-image

Noosa heads qld, australia

2.8x
AU$89K
Yearly
Revenue
5.4%
Net Rental
Yield
9.5%
Annual Appreciation
Sunshine Coast QLD-market-image

Sunshine coast qld

2.7x
AU$56K
Yearly
Revenue
5%
Net Rental
Yield
9.6%
Annual Appreciation
Byron Bay-market-image

Byron bay

2.7x
AU$69K
Yearly
Revenue
3.4%
Net Rental
Yield
10.7%
Annual Appreciation
Ballarat VIC-market-image

Ballarat vic

2.7x
AU$37K
Yearly
Revenue
6%
Net Rental
Yield
8.7%
Annual Appreciation
Dunsborough WA-market-image

Dunsborough wa

2.7x
AU$59K
Yearly
Revenue
6.7%
Net Rental
Yield
7.8%
Annual Appreciation
Greater Bendigo-market-image

Greater bendigo

2.6x
AU$35K
Yearly
Revenue
4.3%
Net Rental
Yield
9.1%
Annual Appreciation
Greater Hobart TAS-market-image

Greater hobart tas

2.6x
AU$46K
Yearly
Revenue
4.4%
Net Rental
Yield
9.1%
Annual Appreciation
Port Macquarie NSW-market-image

Port macquarie nsw

2.6x
AU$42K
Yearly
Revenue
4.5%
Net Rental
Yield
9%
Annual Appreciation
Yamba NSW, Australia-market-image

Yamba nsw, australia

2.5x
AU$49K
Yearly
Revenue
3.4%
Net Rental
Yield
9.5%
Annual Appreciation
Wollongong, NSW, Australia-market-image

Wollongong, nsw, australia

2.5x
AU$50K
Yearly
Revenue
3.9%
Net Rental
Yield
8.7%
Annual Appreciation
Canberra ACT, Australia-market-image

Canberra act, australia

2.5x
AU$46K
Yearly
Revenue
4.3%
Net Rental
Yield
8.4%
Annual Appreciation
Greater Geelong-market-image

Greater geelong

2.5x
AU$40K
Yearly
Revenue
5%
Net Rental
Yield
8.3%
Annual Appreciation
Perth, WA-market-image

Perth, wa

2.4x
AU$50K
Yearly
Revenue
6.1%
Net Rental
Yield
7%
Annual Appreciation
Melbourne VIC-market-image

Melbourne vic

2.4x
AU$48K
Yearly
Revenue
5.4%
Net Rental
Yield
7.4%
Annual Appreciation
Central Coast NSW, Australia-market-image

Central coast nsw, australia

2.3x
AU$39K
Yearly
Revenue
2.9%
Net Rental
Yield
8.8%
Annual Appreciation
Eden NSW, Australia-market-image

Eden nsw, australia

2.2x
AU$29K
Yearly
Revenue
2.4%
Net Rental
Yield
8.4%
Annual Appreciation
Sydney NSW-market-image

Sydney nsw

2.2x
AU$64K
Yearly
Revenue
3.1%
Net Rental
Yield
7.6%
Annual Appreciation
Townsville QLD, Australia-market-image

Townsville qld, australia

2.1x
AU$37K
Yearly
Revenue
6.7%
Net Rental
Yield
4%
Annual Appreciation
Darwin NT, Australia-market-image

Darwin nt, australia

2x
AU$42K
Yearly
Revenue
6.5%
Net Rental
Yield
3.3%
Annual Appreciation
Alice Springs NT, Australia-market-image

Alice springs nt, australia

1.9x
AU$35K
Yearly
Revenue
5.4%
Net Rental
Yield
3.3%
Annual Appreciation

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