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Top 10 Aussie suburbs for rent returns
New analysis has revealed the top 10 areas for rental yield and performance across Australia, with a Queensland country town taking out the top spot.

Top 10 Aussie suburbs for rent returns
New analysis has revealed the top 10 areas for rental yield and performance across Australia, with a Queensland country town taking out the top spot.

Blackwater has taken out the top spot in the latest CoreLogic Top 100 rental performance analysis. Located 190km west of Rockhampton, Blackwater has a population of around 4,700 and has been described as a significant coal mining area in Central Queensland.
According to CoreLogic, data to July confirmed that a typical house in the town has a rental yield of 11.7 per cent, and a median value of $122,165.
The CoreLogic Top Rental Performers Report reveals 100 suburbs where houses or units have an estimated gross rental yield of 5 per cent or more per annum. Median house values in the report ranged from $89,483 to $521,597 and for units between $133,205 and $395,577.
According to CoreLogic research analyst Cameron Kusher, the areas to make the grade as the "best for rents" demonstrated solid rental yields, consistent rental growth and vacancy rates of less than three per cent.
Top 10
1. Blackwater, QLD
Average rental yield: 11.7 per cent
Median house value: $122,165
2. Broken Hill, NSW
Average rental yield: 11.7 per cent
Median house value: $89,483
3. Woree, QLD
Average rental yield: 10.8 per cent
Median house value: $133,205
4. Manunda, QLD
Average rental yield: 9.5 per cent
Median house value: $149,745
5. Katanning, WA
Average rental yield: 9.1 per cent
Median house value: $150,043
6. Cobar, NSW
Average rental yield: 8.8 per cent
Median house value: $152,916
7. Bordertown, SA
Average rental yield: 8.8 per cent
Median house value: $152,570
8. Bungalow, QLD
Average rental yield: 8.7 per cent
Median house value: $175,050
9. Moranbah, QLD
Average rental yield: 8.7 per cent
Median house value: $203,060
10. Port Augusta, SA
Average rental yield: 8.4 per cent
Median house value: $145,475

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Australia's housing market is entering a ‘broad-based correction phase’
Westpac believes the housing market downturn is now underway. ...Read more

Property
ANZ now expects house prices will end the year lower
With higher interest rates on the horizon, the bank is forecasting larger house price declines than previously expected. ...Read more

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A new survey has suggested that investor attention is shifting away from Australia’s two largest capital cities. ...Read more

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Renters in regional areas are spending nearly as much on rent as home owners are spending on mortgage repayments. ...Read more

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Since early 2020, the time needed to save for a deposit has increased by more than two years. ...Read more

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