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
