Highest rental yield for units in Melbourne
Gross rental yield is a year of median rent divided by the median unit price. These are the 40 highest for a 2-bedroom unit 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 unit price | Gross yield |
|---|---|---|---|---|---|
| 1 | Carlton | $670 | +3.1% | $377,000 | 10.3% |
| 2 | Murrumbeena | $570 | +4.8% | $502,500 | 8.6% |
| 3 | Docklands | $763 | +5.2% | $566,500 | 7.5% |
| 4 | Abbotsford | $695 | +3.0% | $530,000 | 7.1% |
| 5 | Footscray | $560 | -1.8% | $487,000 | 7.1% |
| 6 | Prahran | $650 | +8.3% | $535,500 | 7.0% |
| 7 | Burnley | $700 | +2.9% | $478,800 | 7.0% |
| 8 | Melbourne | $735 | +2.1% | $490,000 | 7.0% |
| 9 | Parkville | $670 | +3.1% | $440,000 | 6.8% |
| 10 | Kensington | $560 | +7.7% | $500,000 | 6.6% |
| 11 | St Kilda | $630 | +5.0% | $525,000 | 6.6% |
| 12 | South Yarra | $700 | +2.9% | $533,000 | 6.4% |
| 13 | Southbank | $720 | +2.9% | $590,000 | 6.3% |
| 14 | Windsor | $650 | +8.3% | $587,000 | 6.3% |
| 15 | West Melbourne | $660 | +1.5% | $580,000 | 6.2% |
| 16 | Box Hill | $610 | +1.7% | $537,500 | 6.1% |
| 17 | North Melbourne | $660 | +1.5% | $570,000 | 6.0% |
| 18 | Flemington | $560 | +7.7% | $490,000 | 5.8% |
| 19 | Fairfield | $575 | +5.5% | $490,000 | 5.8% |
| 20 | Richmond | $700 | +2.9% | $557,500 | 5.8% |
| 21 | Brunswick East | $625 | +4.2% | $548,500 | 5.7% |
| 22 | Collingwood | $695 | +3.0% | $579,800 | 5.7% |
| 23 | South Melbourne | $700 | +2.9% | $587,000 | 5.4% |
| 24 | Hawthorn | $600 | +3.4% | $600,000 | 5.4% |
| 25 | St Kilda East | $575 | +4.5% | $585,000 | 5.4% |
| 26 | Ascot Vale | $550 | +5.8% | $635,000 | 5.3% |
| 27 | Moonee Ponds | $550 | +5.8% | $621,500 | 5.2% |
| 28 | Fitzroy | $750 | +3.4% | $750,000 | 5.2% |
| 29 | Roxburgh Park | $470 | +4.4% | $512,500 | 5.2% |
| 30 | Carnegie | $595 | +3.5% | $450,000 | 5.2% |
| 31 | Port Melbourne | $745 | +7.2% | $729,000 | 5.2% |
| 32 | Doncaster | $595 | +3.5% | $651,000 | 5.2% |
| 33 | St Kilda West | $643 | +4.6% | $575,000 | 5.2% |
| 34 | West Footscray | $475 | +2.2% | $392,500 | 5.2% |
| 35 | Brunswick | $600 | +4.3% | $618,000 | 5.1% |
| 36 | Fitzroy North | $690 | +10.4% | $601,500 | 5.0% |
| 37 | Malvern East | $600 | +3.4% | $657,500 | 5.0% |
| 38 | Sydenham | $450 | +4.7% | $549,000 | 5.0% |
| 39 | Brunswick West | $500 | -1.2% | $475,000 | 5.0% |
| 40 | Hawthorn East | $610 | +3.4% | $618,000 | 5.0% |