Last Updated: Oct. 07, 2022
MELBOURNE - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Melbourne City - Greater Region
Studio	$259,000	$1,387	6.42%
1-Bedroom	$389,000	$1,863	5.75%
2-Bedroom	$630,000	$2,604	4.96%
3-Bedroom	$1,395,000	$4,117	3.54%
4+Bedroom	$3,200,000	$6,500	2.44%
Inner East Melbourne
Studio	$229,500	$1,107	5.79%
1-Bedroom	$393,500	$1,582	4.82%
2-Bedroom	$630,000	$2,803	3.97%
3-Bedroom	$1,345,000	$2,687	2.40%
4+Bedroom	$3,200,000	$3,250	1.22%
South-East Melbourne
1-Bedroom	$255,000	$1,296	6.10%
2-Bedroom	$430,000	$1,603	4.47%
3-Bedroom	$575,000	$1,820	3.80%
South-East Melbourne
1-Bedroom	$370,000	$1,172	3.80%
2-Bedroom	$480,000	$1,736	4.34%
3-Bedroom	$665,000	$1,863	3.36%
Eastern Melbourne
1-Bedroom	$360,000	$1,606	5.35%
2-Bedroom	$525,000	$1,736	3.97%
3-Bedroom	$775,000	$2,062	3.19%
Melbourne avg. Rental Yields			4.19%
BRISBANE - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Inner City Region
Studio	$208,000	$1,541	8.89%
1-Bedroom	$389,000	$1,950	6.02%
2-Bedroom	$620,000	$2,730	5.28%
3-Bedroom	$1,460,000	$4,117	3.38%
4+Bedroom	$2,487,500	$5,200	2.51%
Northern Region
1-Bedroom	$375,000	$1,505	4.82%
2-Bedroom	$485,000	$1,978	4.89%
3-Bedroom	$675,000	$2,719	4.83%
Southern Region
1-Bedroom	$349,000	$1,430	4.92%
2-Bedroom	$440,000	$1,972	5.38%
3-Bedroom	$504,500	$2,210	5.26%
4+Bedroom	$1,400,000	$2,600	2.23%
Western Region
Studio	$322,500	$1,213	4.51%
1-Bedroom	$337,000	$1,354	4.82%
2-Bedroom	$497,000	$2,058	4.97%
3-Bedroom	$799,000	$2,210	3.32%
4+Bedroom	$2,622,500	$2,557	1.17%
Brisbane avg. Rental Yields			4.54%
PERTH - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
City Center
Studio	$350,000	$1,647	5.65%
1-Bedroom	$334,000	$1,820	6.54%
2-Bedroom	$520,000	$2,383	5.50%
3-Bedroom	$925,000	$3,683	4.78%
4+Bedroom	$2,970,000	$5,850	2.36%
Perth (all locations)
Studio	$345,000	$1,343	4.67%
1-Bedroom	$315,000	$1,712	6.52%
2-Bedroom	$449,000	$2,058	5.50%
3-Bedroom	$595,000	$3,077	6.21%
4+Bedroom	$2,200,000	$5,092	2.78%
Perth avg. Rental Yields			5.05%
SYDNEY - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Western Sydney
Studio	$400,000	$1,473	4.42%
1-Bedroom	$479,000	$1,647	4.13%
2-Bedroom	$513,000	$1,820	4.26%
3-Bedroom	$650,000	$1,993	3.68%
Sydney
1-Bedroom	$574,000	$2,167	4.53%
2-Bedroom	$680,000	$2,817	4.97%
3-Bedroom	$865,000	$3,120	4.33%
NSW 2000
Studio	$404,000	$1,712	5.09%
1-Bedroom	$650,000	$2,448	4.52%
2-Bedroom	$1,100,000	$3,467	4.78%
3-Bedroom	$1,580,000	$4,117	3.13%
4+Bedroom	$3,775,000	$10,833	3.44%
Sydney CBD
Studio	$750,000	$2,678	4.30%
1-Bedroom	$875,000	$3,120	4.28%
2-Bedroom	$1,575,000	$4,767	3.63%
3-Bedroom	$3,300,000	$8,667	3.15%
Sydney avg. Rental Yields			4.10%
ADELAIDE - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
City Center
1-Bedroom	$390,000	$1,972	6.07%
2-Bedroom	$602,500	$3,250	6.47%
3-Bedroom	$1,300,000	$2,817	2.60%
Adelaide (all locations)
Studio	$75,500	$1,300	20.66%
1-Bedroom	$285,000	$1,430	6.02%
2-Bedroom	$420,000	$1,733	4.95%
3-Bedroom	$695,000	$2,817	4.86%
Adelaide avg. Rental Yields			7.38%
DARWIN - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
City Center
1-Bedroom	$420,000	$2,080	5.94%
2-Bedroom	$650,000	$3,033	5.60%
3-Bedroom	$749,000	$3,683	5.40%
Darwin (all locations)
Studio	$217,500	$1,276	7.04%
1-Bedroom	$270,000	$1,820	8.09%
2-Bedroom	$395,000	$2,145	6.52%
3-Bedroom	$499,000	$2,817	6.77%
4+Bedroom	$1,074,500	$2,817	3.15%
Darwin avg. Rental Yields			6.13%
GOLD COAST - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Gold Coast (all locations)
Studio	$320,000	$1,777	6.66%
1-Bedroom	$449,500	$1,950	5.21%
2-Bedroom	$659,000	$2,687	4.89%
3-Bedroom	$1,139,000	$3,683	3.88%
4+Bedroom	$3,712,500	$7,692	2.49%
Gold Coast avg. Rental Yields			4.63%
CANBERRA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Canberra (all locations)
Studio	$245,000	$1,582	7.75%
1-Bedroom	$418,750	$2,037	5.84%
2-Bedroom	$579,900	$2,492	5.16%
3-Bedroom	$833,900	$3,142	4.52%
Canberra avg. Rental Yields			5.82%
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 Definitions: Data FAQ See also: Update Schedule

Get updated rental yields data for 75 countries

As we would expect, there are huge differences in the cost of apartments in Sydney depending on the area. What doesn´t differ much are the relatively low gross rental yields on Sydney properties (the rental yield is the percent return on the purchase cost of a property). Sydney´s average rental yield is 4.10% with it ranging between 3.13% to 5.09%.

It is rare in Sydney to be able to earn more than 4.5%, and most apartments return less. Bear in mind that usually, costs of various kinds will absorb at least 2% of those returns, so net returns will be a lot lower than the gross figures.

Other Australian cities and areas have slightly better returns.

• Melbourne apartments have a rental yield of 1.22% to 6.42% with a city average of 4.19%.
• Brisbane apartments earn a rental yield between 1.17% and 8.89% with an average of 4.54%
• Perth apartments yield between 2.36% to 6.54% with an average of 5.05%.
• Adelaide apartments can yield you between 2.60% to 20.66% with an average of 7.38%.
• Darwin apartments yield stay between 3.15% to 8.09% with an average of 6.13%.
• Canberra apartments earn a yield between 4.52% to 7.75% with an average of 5.82%.
• Gold Coast apartments have a yield between 2.49% to 6.66% with an average of 4.63%.

Round trip transaction costs can be high for foreigners buying residential property in Russia. See our Australia transaction cost analysis and our Australia property transaction costs compared to other countries.