Gross rental yields in Australia: Sydney, Melbourne and 6 other cities
The average gross rental yield in Australia stands at 5.04% (Q1, 2025). Previously, in Q3 2024 the rental yield was 4.98%.
Prices are shown in US$.
Cities and areas compared
- Sydney
- Melbourne
- Brisbane
- Perth
- Adelaide
- Darwin
- Gold Coast
- Canberra
Historical rental yields in Australia
View the full rental yield dataset (2023 - Present)
| Last Updated: Feb 26, 2025 Next Update: July. 2025 |
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| SYDNEY - Apartments | COST (USD $) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Western Sydney | |||
| 1-Bedroom | $307,327 | $1,204 | 4.70% |
| 2-Bedroom | $363,775 | $1,430 | 4.72% |
| 3-Bedroom | $469,772 | $1,756 | 4.49% |
| Sydney | |||
| 1-Bedroom | $363,775 | $1,630 | 5.38% |
| 2-Bedroom | $467,263 | $1,956 | 5.02% |
| 3-Bedroom | $689,919 | $2,458 | 4.28% |
| NSW 2000 | |||
| Studio | $257,151 | $1,323 | 6.17% |
| 1-Bedroom | $401,407 | $1,881 | 5.62% |
| 2-Bedroom | $815,359 | $2,634 | 3.88% |
| 3-Bedroom | $1,175,999 | $5,381 | 5.49% |
| Sydney CBD | |||
| 1-Bedroom | $627,168 | $2,408 | 4.61% |
| 2-Bedroom | $1,160,319 | $3,713 | 3.84% |
| 3-Bedroom | $3,135,999 | $5,519 | 2.11% |
| Sydney avg. Rental Yields | 4.64% | ||
| MELBOURNE - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Melbourne City - Greater Region | |||
| Studio | $153,663 | $1,180 | 9.21% |
| 1-Bedroom | $238,335 | $1,380 | 6.95% |
| 2-Bedroom | $370,047 | $1,881 | 6.10% |
| 3-Bedroom | $972,159 | $3,010 | 3.72% |
| Inner East Melbourne | |||
| 1-Bedroom | $238,335 | $1,154 | 5.81% |
| 2-Bedroom | $375,692 | $1,580 | 5.05% |
| 3-Bedroom | $921,983 | $2,182 | 2.84% |
| South-East Melbourne | |||
| 2-Bedroom | $294,470 | $878 | 3.58% |
| 3-Bedroom | $357,503 | $1,242 | 4.17% |
| Western Melbourne | |||
| 1-Bedroom | $219,519 | $903 | 4.94% |
| 2-Bedroom | $294,783 | $1,292 | 5.26% |
| 3-Bedroom | $407,679 | $1,480 | 4.36% |
| Eastern Melbourne | |||
| 1-Bedroom | $206,975 | $1,128 | 6.54% |
| 2-Bedroom | $360,639 | $1,330 | 4.43% |
| 3-Bedroom | $489,215 | $1,543 | 3.78% |
| Melbourne (all locations) | |||
| 1-Bedroom | $238,335 | $1,380 | 6.95% |
| 2-Bedroom | $370,047 | $1,882 | 6.10% |
| 3-Bedroom | $967,142 | $3,010 | 3.73% |
| Melbourne avg. Rental Yields | 5.60% | ||
| BRISBANE - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Inner City Region | |||
| 1-Bedroom | $313,599 | $1,555 | 5.95% |
| 2-Bedroom | $486,079 | $2,007 | 4.95% |
| 3-Bedroom | $1,191,679 | $3,261 | 3.28% |
| Northern Region | |||
| 1-Bedroom | $313,599 | $1,066 | 4.08% |
| 2-Bedroom | $407,679 | $1,530 | 4.50% |
| 3-Bedroom | $470,399 | $1,881 | 4.80% |
| Southern Region | |||
| 1-Bedroom | $313,599 | $1,054 | 4.03% |
| 2-Bedroom | $388,863 | $1,505 | 4.64% |
| 3-Bedroom | $457,228 | $1,756 | 4.61% |
| Western Region | |||
| 1-Bedroom | $344,959 | $1,003 | 3.49% |
| 2-Bedroom | $439,039 | $1,630 | 4.46% |
| 3-Bedroom | $815,359 | $1,882 | 2.77% |
| Brisbane (all locations) | |||
| 1-Bedroom | $313,599 | $1,254 | 4.80% |
| 2-Bedroom | $439,039 | $1,756 | 4.80% |
| 3-Bedroom | $877,452 | $2,383 | 3.26% |
| Brisbane avg. Rental Yields | 4.29% | ||
| PERTH - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | $266,559 | $1,505 | 6.78% |
| 2-Bedroom | $363,148 | $1,882 | 6.22% |
| 3-Bedroom | $878,079 | $2,760 | 3.77% |
| Perth (all locations) | |||
| 1-Bedroom | $262,796 | $1,380 | 6.30% |
| 2-Bedroom | $338,060 | $1,655 | 5.87% |
| 3-Bedroom | $689,292 | $2,095 | 3.65% |
| Perth avg. Rental Yields | 5.27% | ||
| ADELAIDE - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | $268,441 | $1,630 | 7.29% |
| 2-Bedroom | $439,039 | $1,957 | 5.35% |
| Adelaide (all locations) | |||
| 1-Bedroom | $243,980 | $1,236 | 6.08% |
| 2-Bedroom | $326,143 | $1,280 | 4.71% |
| 3-Bedroom | $795,916 | $1,756 | 2.65% |
| Adelaide avg. Rental Yields | 4.48% | ||
| DARWIN - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| 1-Bedroom | $200,703 | $1,380 | 8.25% |
| 2-Bedroom | $302,623 | $2,132 | 8.45% |
| 3-Bedroom | $348,095 | $2,252 | 7.76% |
| Darwin (all locations) | |||
| 1-Bedroom | $180,006 | $1,204 | 8.03% |
| 2-Bedroom | $254,015 | $1,230 | 5.81% |
| 3-Bedroom | $326,143 | $1,831 | 6.74% |
| Darwin avg. Rental Yields | 6.86% | ||
| GOLD COAST - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Gold Coast (all locations) | |||
| 1-Bedroom | $363,775 | $1,505 | 4.96% |
| 2-Bedroom | $564,479 | $2,057 | 4.37% |
| 3-Bedroom | $1,191,679 | $3,136 | 3.16% |
| Gold Coast avg. Rental Yields | 4.17% | ||
| CANBERRA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Canberra (all locations) | |||
| 1-Bedroom | $262,169 | $1,254 | 5.74% |
| 2-Bedroom | $369,107 | $1,505 | 4.89% |
| 3-Bedroom | $499,878 | $1,882 | 4.52% |
| Canberra avg. Rental Yields | 5.05% | ||
| 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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Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, 3-bedroom 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.