Gross rental yields in Australia: Sydney, Melbourne and 6 other cities
The average gross rental yield in Australia stands at 4.69% (Q1, 2026). Previously, in Q3 2025, the rental yield was 4.92%.
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 | $365,700 | $1,170 | 3.84% |
| 2-Bedroom | $431,900 | $1,670 | 4.64% |
| 3-Bedroom | $522,400 | $1,880 | 4.32% |
| Sydney | |||
| 1-Bedroom | $410,300 | $1,860 | 5.44% |
| 2-Bedroom | $528,500 | $2,170 | 4.93% |
| 3-Bedroom | $834,500 | $3,060 | 4.40% |
| NSW 2000 | |||
| Studio | $295,500 | $1,390 | 5.64% |
| 1-Bedroom | $465,900 | $2,090 | 5.38% |
| 2-Bedroom | $897,000 | $3,060 | 4.09% |
| 3-Bedroom | $1,460,300 | $6,400 | 5.26% |
| Sydney CBD | |||
| 1-Bedroom | $695,400 | $2,750 | 4.75% |
| 2-Bedroom | $1,251,700 | $4,180 | 4.01% |
| 3-Bedroom | $3,476,900 | $6,400 | 2.21% |
| Sydney avg. Rental Yields | 4.53% | ||
| MELBOURNE - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Melbourne City - Greater Region | |||
| 1-Bedroom | $272,000 | $1,590 | 7.01% |
| 2-Bedroom | $418,400 | $2,180 | 6.25% |
| 3-Bedroom | $1,092,700 | $3,400 | 3.73% |
| Inner East Melbourne | |||
| 1-Bedroom | $272,000 | $1,190 | 5.25% |
| 2-Bedroom | $439,300 | $1,870 | 5.11% |
| 3-Bedroom | $1,130,200 | $2,370 | 2.52% |
| South-East Melbourne | |||
| 2-Bedroom | $340,000 | $980 | 3.46% |
| 3-Bedroom | $435,800 | $1,450 | 3.99% |
| Western Melbourne | |||
| 1-Bedroom | $247,500 | $1,000 | 4.85% |
| 2-Bedroom | $348,700 | $1,590 | 5.47% |
| 3-Bedroom | $477,700 | $1,670 | 4.20% |
| Eastern Melbourne | |||
| 1-Bedroom | $242,700 | $1,200 | 5.93% |
| 2-Bedroom | $411,400 | $1,600 | 4.67% |
| 3-Bedroom | $557,900 | $1,780 | 3.83% |
| Melbourne (all locations) | |||
| 1-Bedroom | $271,800 | $1,590 | 7.02% |
| 2-Bedroom | $418,200 | $2,170 | 6.23% |
| 3-Bedroom | $1,108,300 | $3,400 | 3.68% |
| Melbourne avg. Rental Yields | 5.43% | ||
| BRISBANE - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Inner City Region | |||
| 1-Bedroom | $423,200 | $1,810 | 5.13% |
| 2-Bedroom | $651,400 | $2,310 | 4.26% |
| 3-Bedroom | $1,449,000 | $3,760 | 3.11% |
| Northern Region | |||
| 1-Bedroom | $418,000 | $1,250 | 3.59% |
| 2-Bedroom | $557,300 | $1,870 | 4.03% |
| 3-Bedroom | $919,600 | $2,090 | 2.73% |
| Southern Region | |||
| 1-Bedroom | $445,800 | $1,230 | 3.31% |
| 2-Bedroom | $539,900 | $1,800 | 4.00% |
| 3-Bedroom | $661,800 | $1,990 | 3.61% |
| Western Region | |||
| 1-Bedroom | $466,700 | $1,200 | 3.09% |
| 2-Bedroom | $588,700 | $1,950 | 3.97% |
| 3-Bedroom | $1,113,900 | $2,650 | 2.85% |
| Brisbane (all locations) | |||
| 1-Bedroom | $428,400 | $1,420 | 3.98% |
| 2-Bedroom | $592,100 | $2,080 | 4.22% |
| 3-Bedroom | $1,149,500 | $2,930 | 3.06% |
| Brisbane avg. Rental Yields | 3.75% | ||
| PERTH - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | $348,300 | $1,800 | 6.20% |
| 2-Bedroom | $521,800 | $2,230 | 5.13% |
| 3-Bedroom | $1,323,600 | $3,310 | 3.00% |
| Perth (all locations) | |||
| 1-Bedroom | $348,300 | $1,670 | 5.75% |
| 2-Bedroom | $487,600 | $2,100 | 5.17% |
| 3-Bedroom | $1,137,000 | $2,730 | 2.88% |
| Perth avg. Rental Yields | 4.60% | ||
| ADELAIDE - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | $416,800 | $1,530 | 4.40% |
| 2-Bedroom | $836,400 | $2,230 | 3.20% |
| Adelaide (all locations) | |||
| 1-Bedroom | $310,200 | $1,250 | 4.84% |
| 2-Bedroom | $439,100 | $1,500 | 4.10% |
| 3-Bedroom | $1,086,700 | $1,900 | 2.10% |
| Adelaide avg. Rental Yields | 3.68% | ||
| DARWIN - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | $226,400 | $1,670 | 8.85% |
| 2-Bedroom | $348,300 | $1,750 | 6.03% |
| 3-Bedroom | $564,300 | $2,650 | 5.64% |
| Darwin (all locations) | |||
| 1-Bedroom | $226,400 | $1,250 | 6.63% |
| 2-Bedroom | $341,400 | $1,670 | 5.87% |
| 3-Bedroom | $452,800 | $2,230 | 5.91% |
| Darwin avg. Rental Yields | 6.14% | ||
| GOLD COAST - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Gold Coast (all locations) | |||
| 1-Bedroom | $453,100 | $1,810 | 4.79% |
| 2-Bedroom | $766,700 | $2,480 | 3.88% |
| 3-Bedroom | $1,390,600 | $3,760 | 3.24% |
| Gold Coast avg. Rental Yields | 3.97% | ||
| CANBERRA - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Canberra (all locations) | |||
| 1-Bedroom | $290,100 | $1,450 | 6.00% |
| 2-Bedroom | $402,700 | $1,730 | 5.16% |
| 3-Bedroom | $592,100 | $2,230 | 4.52% |
| Canberra avg. Rental Yields | 5.22% | ||
| 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 |
|||
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.
