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2022 | Brisbane & Regional Queenland Suburbs with the highest rental yields revealed

by | Apr 13, 2022 | Property, Rental Income, Rental Properties

If you’re looking to invest in property in 2022, it’s important to understand rental yield to ensure you get a good return on your investment.  

Rental yield is the annual income generated from rent as a percentage of the property’s value. A higher rental yield indicates better cash flow, which can be useful when making property investment decisions.

The level of rental return you can expect is determined by factors such as the location of the property, the type of property, the condition of the property, as well as supply and demand in the market. 

We’ve compiled a list of the top 10 suburbs with the highest gross rental yield in Brisbane and regional Queensland. Take a look at which suburbs topped the list.

Top 10 suburbs with the best rental yield in Brisbane

SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
Russell IslandQLDHouse$279,000$3106.1%
Macleay IslandQLDHouse$300,000$3305.9%
Logan CentralQLDHouse$368,000$3605.6%
Slacks CreekQLDUnit$215,000$2908.0%
Waterford WestQLDUnit$220,000$3057.8%

Located in the City of Redland, Russell Island is a 15-minute water taxi ride from Redland Bay. With a median sale price at $279,000 and median weekly rent of $310, Russell Island has the highest house rental yield at 6.1%. 

For units, Woodridge in Logan takes the title with a rental yield of 8.3%. The median sale price of a unit is $195,000 with median weekly rent of $275.

Top 10 suburbs with the best rental yield in regional QLD 

SuburbStateProperty typeMedian sale priceMedian weekly rentRental yield
Mount MorganQLDHouse$151,250$26012.0%

The small rural town of Collinsville in the Whitsunday Region, where the median sale price of a house is $143,500 and the median weekly rent is $280, is at the top of the list with a strong double-digit yield of 15.6%.

Woree, a suburb of Cairns has the highest yield for units at 10.7%. Units in Woree have a median sale price of $175,500 and median weekly rent of $285.

To view the top 10 in other states, please see the link below.

Information supplied courtesy of Open Agent Emily Ng

If you would like to assess your current or proposed rental property ROI, associated tax and ownership considerations, please book a meeting online.

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