Highest rental yield for houses in Melbourne
Gross rental yield is a year of median rent divided by the median house price. These are the 40 highest for a 3-bedroom house in Melbourne. A high yield can mean lower prices or thin data, so check the number of sales and leases before reading much into it.
| # | Suburb | Rent a week | Change over a year | Median house price | Gross yield |
|---|---|---|---|---|---|
| 1 | Collingwood | $950 | +6.7% | $1,270,000 | 4.3% |
| 2 | Broadmeadows | $506 | +4.3% | $675,000 | 4.1% |
| 3 | Cranbourne | $550 | +5.8% | $737,500 | 4.0% |
| 4 | Melton | $420 | +2.4% | $565,000 | 4.0% |
| 5 | Hampton Park | $550 | +5.8% | $730,000 | 4.0% |
| 6 | Pakenham | $530 | +6.0% | $725,000 | 3.9% |
| 7 | Heidelberg West | $600 | 0.0% | $811,000 | 3.9% |
| 8 | Hastings | $595 | +8.2% | $780,000 | 3.8% |
| 9 | Dandenong | $560 | +1.8% | $780,000 | 3.7% |
| 10 | Epping | $530 | +6.0% | $750,000 | 3.7% |
| 11 | Richmond | $990 | +4.2% | $1,373,000 | 3.7% |
| 12 | Roxburgh Park | $506 | +4.3% | $741,000 | 3.7% |
| 13 | Werribee | $460 | 0.0% | $682,800 | 3.7% |
| 14 | West Melbourne | $853 | +0.4% | $1,440,000 | 3.7% |
| 15 | Carlton | $950 | +6.1% | $1,502,500 | 3.7% |
| 16 | Windsor | $975 | -0.5% | $1,485,000 | 3.6% |
| 17 | Sunbury | $490 | +6.5% | $737,800 | 3.6% |
| 18 | Craigieburn | $500 | +4.2% | $730,000 | 3.6% |
| 19 | Carrum Downs | $560 | +7.7% | $840,000 | 3.6% |
| 20 | Deer Park | $470 | +6.8% | $714,000 | 3.6% |
| 21 | Fitzroy | $1,100 | +10.0% | $1,760,000 | 3.6% |
| 22 | Narre Warren | $550 | +5.8% | $800,000 | 3.6% |
| 23 | Abbotsford | $950 | +6.7% | $1,510,000 | 3.6% |
| 24 | Whittlesea | $510 | +2.0% | $799,000 | 3.5% |
| 25 | Dandenong North | $530 | +6.0% | $840,000 | 3.5% |
| 26 | Hoppers Crossing | $460 | 0.0% | $720,000 | 3.5% |
| 27 | Sydenham | $480 | +4.3% | $755,000 | 3.5% |
| 28 | Frankston | $570 | +3.6% | $881,000 | 3.5% |
| 29 | Fawkner | $551 | +4.0% | $880,000 | 3.5% |
| 30 | Brunswick East | $880 | +3.5% | $1,433,000 | 3.5% |
| 31 | Gladstone Park | $530 | +6.0% | $800,000 | 3.5% |
| 32 | South Melbourne | $950 | -4.5% | $1,650,000 | 3.5% |
| 33 | Noble Park | $550 | +3.8% | $830,000 | 3.4% |
| 34 | St Kilda | $950 | 0.0% | $1,600,000 | 3.4% |
| 35 | Lalor | $510 | +4.1% | $775,000 | 3.4% |
| 36 | Footscray | $640 | -1.5% | $890,000 | 3.4% |
| 37 | St Albans | $470 | +6.8% | $743,300 | 3.4% |
| 38 | Boronia | $590 | +9.3% | $884,000 | 3.4% |
| 39 | Brunswick | $850 | +3.0% | $1,350,000 | 3.4% |
| 40 | Glenroy | $551 | +4.0% | $950,000 | 3.4% |