Gross rental yields in Australia: Sydney, Melbourne and 6 other cities
The average gross rental yield in Australia stands at 4.92% (Q3, 2025). Previously, in Q1 2025, the rental yield was 5.03%.
Prices are shown in US$.
Cities and areas compared
- Sydney
- Melbourne
- Brisbane
- Perth
- Adelaide
- Darwin
- Gold Coast
- Canberra
Historical rental yields in Australia
View the full rental yield dataset (2023 - Present)
| Last Updated: August 07, 2025 Next Update: February 2026 |
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| SYDNEY - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Western Sydney | |||
| 1-Bedroom | $324,500 | $1,170 | 4.33% |
| 2-Bedroom | $382,900 | $1,430 | 4.48% |
| 3-Bedroom | $493,200 | $1,820 | 4.43% |
| Sydney | |||
| 1-Bedroom | $373,100 | $1,690 | 5.44% |
| 2-Bedroom | $486,100 | $2,030 | 5.01% |
| 3-Bedroom | $746,300 | $2,540 | 4.08% |
| NSW 2000 | |||
| Studio | $305,000 | $1,370 | 5.39% |
| 1-Bedroom | $406,900 | $1,820 | 5.37% |
| 2-Bedroom | $713,800 | $2,480 | 4.17% |
| 3-Bedroom | $1,168,100 | $5,710 | 5.87% |
| Sydney CBD | |||
| 1-Bedroom | $608,400 | $2,380 | 4.69% |
| 2-Bedroom | $1,168,100 | $3,740 | 3.84% |
| 3-Bedroom | $2,530,800 | $5,710 | 2.71% |
| Sydney avg. Rental Yields | 4.60% | ||
| MELBOURNE - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Melbourne City - Greater Region | |||
| Studio | $140,300 | $1,170 | 10.01% |
| 1-Bedroom | $253,100 | $1,450 | 6.87% |
| 2-Bedroom | $376,400 | $1,890 | 6.03% |
| 3-Bedroom | $1,002,600 | $2,860 | 3.42% |
| Inner East Melbourne | |||
| 1-Bedroom | $243,300 | $1,270 | 6.26% |
| 2-Bedroom | $389,400 | $1,690 | 5.21% |
| 3-Bedroom | $973,400 | $2,270 | 2.80% |
| South-East Melbourne | |||
| 2-Bedroom | $311,500 | $1,040 | 4.01% |
| 3-Bedroom | $389,400 | $1,300 | 4.01% |
| Western Melbourne | |||
| 1-Bedroom | $227,100 | $990 | 5.23% |
| 2-Bedroom | $311,500 | $1,430 | 5.51% |
| 3-Bedroom | $498,100 | $1,820 | 4.38% |
| Eastern Melbourne | |||
| 1-Bedroom | $220,600 | $1,100 | 5.98% |
| 2-Bedroom | $373,100 | $1,430 | 4.60% |
| 3-Bedroom | $489,900 | $1,610 | 3.94% |
| Melbourne (all locations) | |||
| 1-Bedroom | $252,400 | $1,450 | 6.89% |
| 2-Bedroom | $379,600 | $1,890 | 5.97% |
| 3-Bedroom | $1,004,200 | $2,860 | 3.42% |
| Melbourne avg. Rental Yields | 5.43% | ||
| BRISBANE - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Inner City Region | |||
| 1-Bedroom | $356,900 | $1,690 | 5.68% |
| 2-Bedroom | $551,600 | $2,140 | 4.66% |
| 3-Bedroom | $1,297,900 | $3,240 | 3.00% |
| Northern Region | |||
| 1-Bedroom | $324,500 | $1,170 | 4.33% |
| 2-Bedroom | $453,600 | $1,650 | 4.37% |
| 3-Bedroom | $717,100 | $1,910 | 3.20% |
| Southern Region | |||
| 1-Bedroom | $376,400 | $1,140 | 3.63% |
| 2-Bedroom | $447,800 | $1,770 | 4.74% |
| 3-Bedroom | $512,700 | $1,950 | 4.56% |
| Western Region | |||
| 1-Bedroom | $318,000 | $1,040 | 3.92% |
| 2-Bedroom | $473,700 | $1,730 | 4.38% |
| 3-Bedroom | $824,100 | $1,950 | 2.84% |
| Brisbane (all locations) | |||
| 1-Bedroom | $362,800 | $1,380 | 4.56% |
| 2-Bedroom | $486,700 | $1,920 | 4.73% |
| 3-Bedroom | $973,400 | $2,520 | 3.11% |
| Brisbane avg. Rental Yields | 4.14% | ||
| PERTH - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | $292,000 | $1,560 | 6.41% |
| 2-Bedroom | $438,000 | $1,950 | 5.34% |
| 3-Bedroom | $902,000 | $2,730 | 3.63% |
| Perth (all locations) | |||
| 1-Bedroom | $292,000 | $1,510 | 6.21% |
| 2-Bedroom | $389,400 | $1,790 | 5.52% |
| 3-Bedroom | $827,400 | $2,450 | 3.55% |
| Perth avg. Rental Yields | 5.09% | ||
| ADELAIDE - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | $287,200 | $1,530 | 6.39% |
| 2-Bedroom | $616,500 | $1,690 | 3.29% |
| Adelaide (all locations) | |||
| 1-Bedroom | $277,400 | $1,200 | 5.19% |
| 2-Bedroom | $356,300 | $1,380 | 4.65% |
| 3-Bedroom | $823,500 | $1,690 | 2.46% |
| Adelaide avg. Rental Yields | 4.10% | ||
| DARWIN - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | $201,200 | $1,560 | 9.30% |
| 2-Bedroom | $316,700 | $1,660 | 6.29% |
| 3-Bedroom | $438,000 | $2,120 | 5.81% |
| Darwin (all locations) | |||
| 1-Bedroom | $194,000 | $1,280 | 7.92% |
| 2-Bedroom | $284,900 | $1,510 | 6.36% |
| 3-Bedroom | $381,500 | $1,920 | 6.04% |
| Darwin avg. Rental Yields | 6.77% | ||
| GOLD COAST - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Gold Coast (all locations) | |||
| 1-Bedroom | $389,400 | $1,620 | 4.99% |
| 2-Bedroom | $616,500 | $2,080 | 4.05% |
| 3-Bedroom | $1,231,300 | $3,240 | 3.16% |
| Gold Coast avg. Rental Yields | 4.07% | ||
| CANBERRA - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Canberra (all locations) | |||
| 1-Bedroom | $266,100 | $1,300 | 5.86% |
| 2-Bedroom | $373,100 | $1,600 | 5.15% |
| 3-Bedroom | $502,600 | $1,920 | 4.58% |
| Canberra avg. Rental Yields | 5.20% | ||
| All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents' fees, and any other costs. Net yields (what you'll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide and Realestate.com.au |
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Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the largest cities in Australia, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is $500 and the median purchase price is $100,000, the yield is calculated as:
($500 × 12) ÷ $100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.
