Gross rental yields in Australia: Sydney, Melbourne and 6 other cities
The average gross rental yield in Australia stands at 4.94% (Q3, 2026). Previously, in Q1 2026, the rental yield was 4.69%.
Prices are shown in US$.
Cities and areas compared
- Sydney
- Melbourne
- Brisbane
- Perth
- Adelaide
- Darwin
- Gold Coast
- Canberra
Historical rental yields in Australia
| SYDNEY - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Western Sydney | |||
| 1-Bedroom | $354,000 | $1,420 | 4.81% |
| 2-Bedroom | $419,600 | $1,700 | 4.86% |
| 3-Bedroom | $515,700 | $1,870 | 4.35% |
| Sydney | |||
| 1-Bedroom | $417,700 | $1,880 | 5.40% |
| 2-Bedroom | $534,100 | $2,440 | 5.48% |
| 3-Bedroom | $823,000 | $2,970 | 4.33% |
| NSW 2000 | |||
| Studio | $296,600 | $1,560 | 6.31% |
| 1-Bedroom | $460,100 | $2,100 | 5.48% |
| 2-Bedroom | $884,900 | $2,970 | 4.03% |
| 3-Bedroom | $1,345,000 | $6,230 | 5.56% |
| Sydney CBD | |||
| 1-Bedroom | $707,900 | $2,550 | 4.32% |
| 2-Bedroom | $1,238,900 | $4,100 | 3.97% |
| 3-Bedroom | $3,008,700 | $6,230 | 2.48% |
| Sydney avg. Rental Yields | 4.72% | ||
| MELBOURNE - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Melbourne City - Greater Region | |||
| 1-Bedroom | $276,100 | $1,680 | 7.30% |
| 2-Bedroom | $424,800 | $2,180 | 6.16% |
| 3-Bedroom | $1,061,900 | $3,400 | 3.84% |
| Inner East Melbourne | |||
| 1-Bedroom | $276,100 | $1,470 | 6.39% |
| 2-Bedroom | $431,800 | $1,910 | 5.31% |
| 3-Bedroom | $1,203,500 | $2,550 | 2.54% |
| South-East Melbourne | |||
| 2-Bedroom | $346,900 | $1,020 | 3.53% |
| 3-Bedroom | $456,600 | $1,470 | 3.86% |
| Western Melbourne | |||
| 1-Bedroom | $247,800 | $1,220 | 5.91% |
| 2-Bedroom | $350,400 | $1,610 | 5.51% |
| 3-Bedroom | $506,200 | $1,880 | 4.46% |
| Eastern Melbourne | |||
| 1-Bedroom | $289,200 | $1,290 | 5.35% |
| 2-Bedroom | $419,400 | $1,630 | 4.66% |
| 3-Bedroom | $552,200 | $1,840 | 4.00% |
| Melbourne (all locations) | |||
| 1-Bedroom | $276,100 | $1,690 | 7.35% |
| 2-Bedroom | $424,800 | $2,180 | 6.16% |
| 3-Bedroom | $1,064,000 | $3,400 | 3.83% |
| Melbourne avg. Rental Yields | 5.78% | ||
| BRISBANE - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Inner City Region | |||
| 1-Bedroom | $411,600 | $1,900 | 5.54% |
| 2-Bedroom | $637,100 | $2,980 | 5.61% |
| 3-Bedroom | $1,401,700 | $3,960 | 3.39% |
| Northern Region | |||
| 1-Bedroom | $481,400 | $1,270 | 3.17% |
| 2-Bedroom | $565,600 | $1,920 | 4.07% |
| 3-Bedroom | $920,300 | $2,200 | 2.87% |
| Southern Region | |||
| 1-Bedroom | $424,800 | $1,270 | 3.59% |
| 2-Bedroom | $522,500 | $1,870 | 4.29% |
| 3-Bedroom | $601,700 | $1,870 | 3.73% |
| Western Region | |||
| 1-Bedroom | $442,500 | $1,190 | 3.23% |
| 2-Bedroom | $575,200 | $2,000 | 4.17% |
| 3-Bedroom | $991,100 | $2,600 | 3.15% |
| Brisbane (all locations) | |||
| 1-Bedroom | $460,100 | $1,420 | 3.70% |
| 2-Bedroom | $601,000 | $2,170 | 4.33% |
| 3-Bedroom | $1,132,700 | $2,970 | 3.15% |
| Brisbane avg. Rental Yields | 3.73% | ||
| PERTH - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | $367,400 | $1,920 | 6.27% |
| 2-Bedroom | $494,800 | $2,270 | 5.51% |
| 3-Bedroom | $1,054,800 | $3,330 | 3.79% |
| Perth (all locations) | |||
| 1-Bedroom | $381,600 | $1,840 | 5.79% |
| 2-Bedroom | $477,800 | $2,120 | 5.32% |
| 3-Bedroom | $919,600 | $2,690 | 3.51% |
| Perth avg. Rental Yields | 4.87% | ||
| ADELAIDE - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | $354,000 | $1,640 | 5.56% |
| 2-Bedroom | $651,300 | $2,180 | 4.02% |
| Adelaide (all locations) | |||
| 1-Bedroom | $332,700 | $1,370 | 4.94% |
| 2-Bedroom | $424,800 | $1,560 | 4.41% |
| 3-Bedroom | $859,600 | $2,040 | 2.85% |
| Adelaide avg. Rental Yields | 4.07% | ||
| DARWIN - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | $273,600 | $1,600 | 7.02% |
| 2-Bedroom | $384,400 | $1,700 | 5.31% |
| 3-Bedroom | $541,600 | $2,550 | 5.65% |
| Darwin (all locations) | |||
| 1-Bedroom | $254,900 | $1,470 | 6.92% |
| 2-Bedroom | $350,400 | $1,910 | 6.54% |
| 3-Bedroom | $459,400 | $2,270 | 5.93% |
| Darwin avg. Rental Yields | 6.46% | ||
| GOLD COAST - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Gold Coast (all locations) | |||
| 1-Bedroom | $479,300 | $1,840 | 4.61% |
| 2-Bedroom | $704,400 | $2,460 | 4.19% |
| 3-Bedroom | $1,058,300 | $3,750 | 4.25% |
| Gold Coast avg. Rental Yields | 4.35% | ||
| CANBERRA - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Canberra (all locations) | |||
| 1-Bedroom | $290,200 | $1,470 | 6.08% |
| 2-Bedroom | $402,800 | $1,840 | 5.48% |
| 3-Bedroom | $538,000 | $2,270 | 5.06% |
| Canberra avg. Rental Yields | 5.54% | ||
| 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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View the full rental yield dataset (2023 - Present)
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.
