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 | $1,870 | 4.35% |
| Sydney | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| NSW 2000 | |||
| Studio | Unlock | Unlock | Unlock |
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Sydney CBD | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Sydney avg. Rental Yields | Unlock | ||
| MELBOURNE - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Melbourne City - Greater Region | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Inner East Melbourne | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| South-East Melbourne | |||
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Western Melbourne | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Eastern Melbourne | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Melbourne (all locations) | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Melbourne avg. Rental Yields | Unlock | ||
| BRISBANE - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Inner City Region | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Northern Region | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Southern Region | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Western Region | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Brisbane (all locations) | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Brisbane avg. Rental Yields | Unlock | ||
| PERTH - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Perth (all locations) | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Perth avg. Rental Yields | Unlock | ||
| ADELAIDE - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| Adelaide (all locations) | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Adelaide avg. Rental Yields | Unlock | ||
| DARWIN - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Darwin (all locations) | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Darwin avg. Rental Yields | Unlock | ||
| GOLD COAST - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Gold Coast (all locations) | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Gold Coast avg. Rental Yields | Unlock | ||
| CANBERRA - Apartments | COST (US$) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Canberra (all locations) | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Canberra avg. Rental Yields | Unlock | ||
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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.
