Rental returns on apartments in Australia are low to moderate
Last Updated: July 13, 2023 | |||
MELBOURNE - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Melbourne City - Greater Region | |||
Studio | $168,294 | $1,175 | 8.38% |
1-Bedroom | $269,972 | $1,346 | 5.98% |
2-Bedroom | $431,253 | $1,879 | 5.23% |
3-Bedroom | $911,593 | $3,085 | 4.06% |
Inner East Melbourne | |||
Studio | $147,257 | $877 | 7.15% |
1-Bedroom | $266,466 | $982 | 4.42% |
2-Bedroom | $462,809 | $1,543 | 4.00% |
3-Bedroom | $953,666 | $2,034 | 2.56% |
South-East Melbourne | |||
2-Bedroom | $301,509 | $785 | 3.12% |
3-Bedroom | $382,168 | $1,101 | 3.46% |
Western Melbourne | |||
1-Bedroom | $255,947 | $757 | 3.55% |
2-Bedroom | $308,539 | $1,150 | 4.47% |
3-Bedroom | $469,821 | $1,220 | 3.12% |
Eastern Melbourne | |||
1-Bedroom | $245,429 | $1,010 | 4.94% |
2-Bedroom | $366,390 | $1,192 | 3.90% |
3-Bedroom | $490,858 | $1,402 | 3.43% |
Melbourne avg. Rental Yields | 4.49% | ||
BRISBANE - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Inner City Region | |||
1-Bedroom | $245,429 | $1,402 | 6.85% |
2-Bedroom | $434,760 | $1,879 | 5.19% |
3-Bedroom | $1,085,146 | $3,085 | 3.41% |
Northern Region | |||
1-Bedroom | $262,959 | $982 | 4.48% |
2-Bedroom | $328,875 | $1,402 | 5.12% |
3-Bedroom | $487,351 | $1,683 | 4.14% |
Southern Region | |||
1-Bedroom | $231,404 | $954 | 4.95% |
2-Bedroom | $301,527 | $1,346 | 5.36% |
3-Bedroom | $378,662 | $1,402 | 4.44% |
Western Region | |||
1-Bedroom | $245,429 | $954 | 4.66% |
2-Bedroom | $315,551 | $1,515 | 5.76% |
3-Bedroom | $518,907 | $1,823 | 4.22% |
Brisbane avg. Rental Yields | 4.88% | ||
PERTH - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
City Center | |||
1-Bedroom | $241,923 | $1,255 | 6.23% |
2-Bedroom | $347,106 | $1,613 | 5.58% |
3-Bedroom | $693,512 | $2,805 | 4.85% |
Perth (all locations) | |||
1-Bedroom | $227,898 | $1,178 | 6.20% |
2-Bedroom | $287,502 | $1,459 | 6.09% |
3-Bedroom | $487,351 | $2,412 | 5.94% |
Perth avg. Rental Yields | 6.08% | ||
SYDNEY - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Western Sydney | |||
1-Bedroom | $307,137 | $1,122 | 4.38% |
2-Bedroom | $375,155 | $1,262 | 4.04% |
3-Bedroom | $462,809 | $1,585 | 4.11% |
Sydney | |||
1-Bedroom | $385,674 | $1,641 | 5.11% |
2-Bedroom | $504,882 | $1,767 | 4.20% |
3-Bedroom | $627,596 | $2,244 | 4.29% |
NSW 2000 | |||
Studio | $245,429 | $1,262 | 6.17% |
1-Bedroom | $420,735 | $1,851 | 5.28% |
2-Bedroom | $711,743 | $2,384 | 4.02% |
3-Bedroom | $1,051,838 | $5,610 | 6.40% |
Sydney CBD | |||
1-Bedroom | $694,213 | $2,104 | 3.64% |
2-Bedroom | $1,192,083 | $3,436 | 3.46% |
3-Bedroom | $1,963,430 | $5,610 | 3.43% |
Sydney avg. Rental Yields | 4.50% | ||
ADELAIDE - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
City Center | |||
1-Bedroom | $260,505 | $1,290 | 5.94% |
2-Bedroom | $385,674 | $1,851 | 5.76% |
Adelaide (all locations) | |||
1-Bedroom | $182,319 | $1,115 | 7.34% |
2-Bedroom | $276,984 | $1,206 | 5.22% |
3-Bedroom | $550,462 | $1,543 | 3.36% |
Adelaide avg. Rental Yields | 5.31% | ||
DARWIN - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
City Center | |||
1-Bedroom | $252,441 | $1,402 | 6.66% |
2-Bedroom | $322,564 | $1,963 | 7.30% |
3-Bedroom | $499,623 | $2,314 | 5.56% |
Darwin (all locations) | |||
1-Bedroom | $192,837 | $1,164 | 7.24% |
2-Bedroom | $248,935 | $1,473 | 7.10% |
3-Bedroom | $349,911 | $1,879 | 6.44% |
Darwin avg. Rental Yields | 6.93% | ||
GOLD COAST - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Gold Coast (all locations) | |||
1-Bedroom | $322,213 | $1,459 | 5.43% |
2-Bedroom | $525,218 | $1,963 | 4.48% |
3-Bedroom | $999,246 | $2,805 | 3.37% |
Gold Coast avg. Rental Yields | 4.43% | ||
CANBERRA - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Canberra (all locations) | |||
1-Bedroom | $298,021 | $1,346 | 5.42% |
2-Bedroom | $406,009 | $1,683 | 4.97% |
3-Bedroom | $595,340 | $2,146 | 4.33% |
Canberra avg. Rental Yields | 4.91% | ||
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 |