Best Ways to Invest $500k in Australian Companies for Passive Income

Best Way to Invest $500k for Passive Income

So, you’ve landed a cool $500,000 and you’re looking to turn it into a reliable stream of passive income. Brilliant! With some savvy investment strategies and a diversified approach, you can set yourself up for a financially secure future. Let’s explore how to best allocate your funds across various asset classes.

Stock Market (40%-50% Allocation)

The stock market is a fertile ground for wealth creation, offering both growth and dividends. By investing in top Australian companies, you can maximize your returns and build a steady income stream. Let’s dive into some prime opportunities.

Commonwealth Bank of Australia (CBA)

The Commonwealth Bank of Australia (CBA) stands as a titan in the financial sector. Historically, CBA has provided returns ranging from 10% to 15% per annum. Assuming an average return of 12.5%, a $200,000 investment could yield a handsome $25,000 annually. CBA’s consistent performance and reliable dividends make it a cornerstone of any investment portfolio. With its strong market presence and prudent management, CBA is poised to continue its legacy of delivering stable returns to its investors.

Example Calculation:

Investment: $200,000
Average Return: 12.5%
Annual Yield: $25,000

Imagine placing $200,000 into the Commonwealth Bank of Australia, a stalwart in the financial world. With an average annual return of 12.5%, you’re looking at a substantial $25,000 coming your way every year. This income can be reinvested or used to cover living expenses, providing a reliable financial cushion. The strength of CBA lies in its established reputation and consistent performance, ensuring your investment is in safe hands.

CSL Limited (CSL)

CSL Limited is a global leader in biotechnology, renowned for its impressive growth trajectory. With returns of 20% to 25% per annum, CSL is a standout high-growth investment. Assuming an average return of 22.5%, a $200,000 investment could generate a remarkable $45,000 annually. CSL’s continuous innovations in the medical field, from life-saving therapies to groundbreaking research, make it a stellar addition to your portfolio. Investing in CSL means tapping into a world of scientific advancement and substantial financial returns.

Example Calculation:

Investment: $200,000
Average Return: 22.5%
Annual Yield: $45,000

Picture allocating $200,000 into CSL Limited, a pioneer in biotechnology. With an impressive average return of 22.5%, your investment could generate a remarkable $45,000 each year. This significant income stream not only underscores CSL’s growth potential but also reflects the company’s role in advancing medical innovations. The robust returns from CSL can significantly enhance your passive income, positioning you to benefit from the cutting-edge developments in healthcare.

BHP Group (BHP)

BHP Group, a global mining giant, offers a diversified portfolio encompassing minerals, oil, and gas. Historically, BHP has delivered returns of 8% to 12% per annum. With an average return of 10%, a $200,000 investment could earn a solid $20,000 annually. BHP’s stability and diversified operations provide a solid foundation for growth. This mining behemoth’s strategic initiatives and sustainable practices ensure it remains a resilient and profitable player in the global market.

Example Calculation:

Investment: $200,000
Average Return: 10%
Annual Yield: $20,000

Now, let’s consider placing $200,000 into BHP Group, a leader in the mining sector. With an average annual return of 10%, this investment could yield $20,000 per year. BHP’s diversified portfolio and stable performance provide a strong foundation for your investment, ensuring steady income. This dependable return showcases BHP’s resilience and strategic prowess in managing a wide array of resources, making it a solid choice for long-term investment.

Westpac Banking Corporation (WBC)

Westpac is another major player in the banking industry, offering returns of 8% to 12% per annum. An average return of 10% on a $200,000 investment would result in a dependable $20,000 annually. Westpac’s innovative approach and strong market presence make it a reliable investment. As one of Australia’s oldest banks, Westpac’s commitment to digital transformation and customer-centric services positions it well for future growth and stability.

Example Calculation:

Investment: $200,000
Average Return: 10%
Annual Yield: $20,000

Envision investing $200,000 in Westpac Banking Corporation, a stalwart in the banking industry. With an average return of 10%, this investment could produce a reliable $20,000 annually. Westpac’s innovative banking solutions and extensive market reach ensure steady growth and consistent returns. This income can significantly bolster your financial portfolio, benefiting from Westpac’s strategic initiatives and market leadership.

Afterpay Limited (APT)

Afterpay has revolutionized the payment industry with its buy-now-pay-later model, capturing the zeitgeist of modern consumerism. This innovation has led to returns of up to 30% during peak performance periods. A $100,000 investment could see impressive returns of $30,000 annually. However, such high returns come with higher risk, making Afterpay a more speculative addition to your portfolio. While the potential for substantial gains is significant, it’s essential to consider the volatility and market competition that could impact Afterpay’s performance.

Example Calculation:

Investment: $100,000
Peak Return: 30%
Annual Yield: $30,000

Imagine dedicating $100,000 to Afterpay Limited, a trailblazer in the payment sector. With peak returns reaching 30%, this investment could yield an impressive $30,000 annually. While the returns are enticing, the speculative nature of Afterpay necessitates a cautious approach. This high-risk, high-reward scenario could significantly boost your passive income, but it’s essential to stay vigilant about market dynamics and competitive pressures.

Real Estate (10%-15% Allocation)

Real estate remains a bedrock of passive income, offering rental income and property appreciation. Here are some top Australian real estate companies to consider.

Mirvac Group (MGR)

Mirvac Group is known for its balanced portfolio and steady returns of 6% to 8% per annum. With an average return of 7%, a $75,000 investment would yield $5,250 annually. Mirvac’s focus on residential, retail, and commercial properties ensures a stable investment.

Example Calculation:

Investment: $75,000
Average Return: 7%
Annual Yield: $5,250

Imagine placing $75,000 into Mirvac Group, a well-established name in the Australian real estate market. With an average return of 7%, this investment could generate a solid $5,250 annually. Mirvac’s diversified portfolio, which spans residential, retail, and commercial properties, ensures a steady and reliable income stream. This stability is underpinned by Mirvac’s strategic developments and management, making it a secure choice for real estate investment.

Stockland (SGP)

Stockland offers a diversified real estate portfolio with returns of 7% to 9% per annum. An average return of 8% on a $75,000 investment translates to $6,000 annually. Stockland’s investments in residential and commercial properties provide dependable returns.

Example Calculation:

Investment: $75,000
Average Return: 8%
Annual Yield: $6,000

Consider investing $75,000 in Stockland, a prominent player with a diversified real estate portfolio. With an average annual return of 8%, your investment could yield $6,000 each year. Stockland’s focus on residential and commercial properties ensures consistent returns. The company’s extensive experience and strategic acquisitions make it a robust option for those seeking dependable income from real estate.

Goodman Group (GMG)

Goodman Group has been a top performer, with returns of 10% to 15% per annum. An average return of 12.5% could bring in $9,375 annually from a $75,000 investment. Goodman’s focus on industrial real estate and global reach ensures robust growth.

Example Calculation:

Investment: $75,000
Average Return: 12.5%
Annual Yield: $9,375

Picture allocating $75,000 to Goodman Group, a leader in industrial real estate. With an impressive average return of 12.5%, this investment could generate a substantial $9,375 annually. Goodman’s global reach and focus on logistics and industrial properties position it for significant growth. This investment not only offers high returns but also taps into the expanding industrial sector, promising robust passive income.

Dexus (DXS)

Dexus specializes in office and industrial properties, offering returns of 7% to 10% per annum. With an average return of 8.5%, a $75,000 investment could generate $6,375 annually. Dexus’s strategic property investments make it a solid choice.

Example Calculation:

Investment: $75,000
Average Return: 8.5%
Annual Yield: $6,375

Envision investing $75,000 in Dexus, a specialist in office and industrial properties. With an average return of 8.5%, this investment could yield $6,375 annually. Dexus’s strategic focus on high-quality office spaces and industrial properties ensures steady growth. This dependable return highlights Dexus’s expertise and strategic property investments, making it a solid choice for a real estate portfolio.

Charter Hall Group (CHC)

Charter Hall delivers strong returns of 12% to 15% per annum. At an average return of 13.5%, a $75,000 investment would yield $10,125 annually. Charter Hall’s diverse portfolio ensures steady income and growth.

Example Calculation:

Investment: $75,000
Average Return: 13.5%
Annual Yield: $10,125

Imagine placing $75,000 into Charter Hall Group, known for its strong returns and diverse portfolio. With an average return of 13.5%, this investment could bring in an impressive $10,125 annually. Charter Hall’s investments span various sectors, including office, industrial, and retail properties. This diversity ensures steady income and potential growth, making Charter Hall a robust addition to your investment strategy.

Gold Investment (10%-15% Allocation)

Gold is a timeless hedge against inflation and economic uncertainty. Here are top Australian gold companies to consider.

Newcrest Mining (NCM)

Newcrest Mining, one of the largest gold miners, offers returns of 8% to 12% per annum. An average return of 10% on a $75,000 investment would yield $7,500 annually. Newcrest’s extensive operations make it a reliable gold investment.

Example Calculation:

Investment: $75,000
Average Return: 10%
Annual Yield: $7,500

Imagine investing $75,000 in Newcrest Mining, a titan in the gold mining industry. With an average return of 10%, this investment could yield $7,500 annually. Newcrest’s extensive mining operations and robust production capabilities make it a reliable choice. This dependable return showcases Newcrest’s resilience and strategic prowess in managing vast gold resources, providing a steady income and a hedge against economic fluctuations.

Northern Star Resources (NST)

Northern Star Resources is a top performer with returns of 15% to 20% per annum. An average return of 17.5% would yield $13,125 annually on a $75,000 investment. Northern Star’s strong production profile ensures robust returns.

Example Calculation:

Investment: $75,000
Average Return: 17.5%
Annual Yield: $13,125

Consider placing $75,000 into Northern Star Resources, a standout performer in the gold sector. With an impressive average return of 17.5%, your investment could generate a substantial $13,125 annually. Northern Star’s robust production profile and strategic mining operations ensure high returns. This significant income stream not only underscores Northern Star’s growth potential but also reflects the company’s efficiency and expertise in gold mining.

Evolution Mining (EVN)

Evolution Mining offers solid returns of 10% to 15% per annum. With an average return of 12.5%, a $75,000 investment could generate $9,375 annually. Evolution’s cost-efficient operations support strong profitability.

Example Calculation:

Investment: $75,000
Average Return: 12.5%
Annual Yield: $9,375

Picture allocating $75,000 to Evolution Mining, known for its solid and consistent returns. With an average return of 12.5%, this investment could yield $9,375 annually. Evolution’s focus on cost-efficient operations and high profitability makes it a secure choice for gold investment. This dependable return highlights Evolution’s strategic initiatives and operational excellence, ensuring steady income and growth.

Saracen Mineral Holdings (SAR)

Saracen Mineral Holdings provides returns of 15% to 20% per annum. An average return of 17.5% on a $75,000 investment would yield $13,125 annually. Saracen’s strategic acquisitions drive its strong performance.

Example Calculation:

Investment: $75,000
Average Return: 17.5%
Annual Yield: $13,125

Imagine placing $75,000 into Saracen Mineral Holdings, a company known for its strategic acquisitions and strong performance. With an average return of 17.5%, this investment could generate an impressive $13,125 annually. Saracen’s strategic focus on acquiring high-quality assets and enhancing production capabilities ensures robust returns. This high yield reflects Saracen’s commitment to growth and value creation, making it a lucrative addition to your portfolio.

Regis Resources (RRL)

Regis Resources offers steady returns of 10% to 15% per annum. An average return of 12.5% would yield $9,375 annually from a $75,000 investment. Regis’s efficient operations ensure consistent returns.

Example Calculation:

Investment: $75,000
Average Return: 12.5%
Annual Yield: $9,375

Consider investing $75,000 in Regis Resources, known for its steady and reliable returns. With an average return of 12.5%, this investment could produce $9,375 annually. Regis’s efficient operations and focus on cost management ensure consistent returns. This dependable income stream highlights Regis’s operational strength and strategic focus, making it a solid choice for those seeking stable gold investment returns.

Cryptocurrency (5% Allocation)

Cryptocurrencies offer high potential returns with significant risk. Diversifying into this asset class can be rewarding. Here are the top Australian cryptocurrency exchanges to consider:

BTC Markets

BTC Markets is known for competitive fees and a range of cryptocurrencies. It provides a user-friendly platform for trading various digital assets, catering to both beginners and experienced traders alike.

Swyftx

Swyftx offers low fees and a wide variety of cryptocurrencies. With its intuitive interface and extensive coin offerings, Swyftx is popular among Australian investors seeking to diversify their cryptocurrency portfolio.

CoinSpot

CoinSpot is renowned for its user-friendly interface and extensive coin offerings. It provides a seamless trading experience, allowing users to buy, sell, and store a wide range of digital assets conveniently.

Independent Reserve

Independent Reserve provides insurance coverage on certain assets, offering added security to investors. With its robust security measures and regulatory compliance, Independent Reserve is a trusted platform for cryptocurrency trading.

Digital Surge

Digital Surge is focused on simplicity and customer support, making it an ideal choice for beginners entering the cryptocurrency market. Its user-friendly interface and responsive customer service enhance the trading experience for users.

Assuming a 5% allocation of $500,000 into cryptocurrencies:

Investment: $25,000
Potential High Return: 100% (example scenario)
Annual Return Calculation: $25,000 * 100% = $25,000

Imagine allocating $25,000 into cryptocurrencies, leveraging the high potential returns this asset class offers. In an example scenario where the investment doubles, yielding a 100% return, your annual return would be $25,000. While cryptocurrencies present significant volatility and risk, strategic investment and diversification can lead to substantial gains in your portfolio. It’s essential to conduct thorough research and consider your risk tolerance before investing in this dynamic asset class.

Buy a Business

Owning a business or franchise offers high income potential and direct control over your investment. Here are some popular Australian franchises to consider.

Jim’s Group

Jim’s Group offers services ranging from mowing to pest control, with returns of 10% to 15% per annum. An average return of 12.5% on a $100,000 investment would generate $12,500 annually. Jim’s Group’s diverse services and strong brand ensure reliable income.

Example Calculation:

Investment: $100,000
Average Return: 12.5%
Annual Yield: $12,500

Imagine investing $100,000 in Jim’s Group, a versatile franchise offering a range of services. With an average return of 12.5%, your investment could yield $12,500 annually. Jim’s Group’s established brand and diversified service offerings ensure a steady stream of income. This reliable income stream underscores Jim’s Group’s reputation for quality service and customer satisfaction, making it a lucrative investment opportunity.

Boost Juice

Boost Juice is a popular health-focused franchise with returns of 20% to 25% per annum. An average return of 22.5% could bring in $22,500 annually from a $100,000 investment. Boost Juice’s strong market presence ensures steady profitability.

Example Calculation:

Investment: $100,000
Average Return: 22.5%
Annual Yield: $22,500

Consider investing $100,000 in Boost Juice, a renowned franchise in the health and wellness sector. With an average return of 22.5%, this investment could generate an impressive $22,500 annually. Boost Juice’s strong brand recognition and focus on healthy products ensure consistent profitability. This substantial income stream reflects Boost Juice’s popularity among health-conscious consumers, making it an attractive investment opportunity for entrepreneurs seeking high returns.

Grill’d

Grill’d is a gourmet burger franchise with returns of 15% to 20% per annum. An average return of 17.5% on a $100,000 investment would yield $17,500 annually. Grill’d’s commitment to quality drives consistent revenue growth.

Example Calculation:

Investment: $100,000
Average Return: 17.5%
Annual Yield: $17,500

Picture investing $100,000 in Grill’d, a leading gourmet burger franchise known for its quality offerings. With an average return of 17.5%, this investment could yield $17,500 annually. Grill’d’s focus on premium ingredients and customer experience ensures steady revenue growth. This significant income stream underscores Grill’d’s popularity among discerning consumers, making it an attractive investment option for those seeking high returns and sustainable growth.

7-Eleven

7-Eleven is a well-known convenience store franchise with returns of 10% to 12% per annum. An average return of 11% on a $100,000 investment would yield $11,000 annually. 7-Eleven’s model ensures reliable foot traffic and sales.

Example Calculation:

Investment: $100,000
Average Return: 11%
Annual Yield: $11,000

Imagine investing $100,000 in 7-Eleven, a trusted name in the convenience store industry. With an average return of 11%, this investment could generate $11,000 annually. 7-Eleven’s convenient locations and diverse product offerings ensure steady foot traffic and sales. This reliable income stream reflects 7-Eleven’s established brand and proven business model, making it a solid investment choice for entrepreneurs.

Red Rooster

Red Rooster is a fast-food franchise specializing in chicken dishes, with returns of 10% to 15% per annum. An average return of 12.5% on a $100,000 investment would generate $12,500 annually. Red Rooster’s established brand makes it a solid choice.

Example Calculation:

Investment: $100,000
Average Return: 12.5%
Annual Yield: $12,500

Envision investing $100,000 in Red Rooster, a well-known fast-food franchise renowned for its delicious chicken dishes. With an average return of 12.5%, this investment could yield $12,500 annually. Red Rooster’s established brand and loyal customer base ensure steady sales and profitability. This dependable income stream reflects Red Rooster’s reputation for quality and convenience, making it a reliable investment option for entrepreneurs seeking stable returns.

Self-Managed Superannuation Fund (SMSF)

In Australia, a Self-Managed Superannuation Fund (SMSF) gives you greater control over your retirement savings. Here are top superannuation funds to consider.

AustralianSuper

AustralianSuper offers returns of 8% to 10% per annum. An average return of 9% on a $100,000 investment would yield $9,000 annually. Its diversified portfolio provides stability and growth.

Example Calculation:

Investment: $100,000
Average Return: 9%
Annual Yield: $9,000

Imagine investing $100,000 in AustralianSuper, one of the largest superannuation funds in Australia. With an average return of 9%, this investment could yield $9,000 annually. AustralianSuper’s diversified portfolio, encompassing various asset classes, ensures stability and growth potential. This steady income stream reflects AustralianSuper’s commitment to delivering strong returns for its members, making it a reliable choice for your SMSF.

Hostplus

Hostplus is known for competitive fees and strong returns of 8% to 10% per annum. An average return of 9% on a $100,000 investment could generate $9,000 annually. Hostplus ensures robust returns and value for your investment.

Example Calculation:

Investment: $100,000
Average Return: 9%
Annual Yield: $9,000

Consider allocating $100,000 to Hostplus, a superannuation fund renowned for its competitive fees and strong performance. With an average return of 9%, this investment could generate $9,000 annually. Hostplus’s focus on delivering value for its members through strategic investments ensures robust returns. This reliable income stream reflects Hostplus’s commitment to maximizing returns while minimizing costs, making it an attractive option for your SMSF.

Sunsuper

Sunsuper offers consistent returns of 8% to 10% per annum. An average return of 9% would yield $9,000 annually from a $100,000 investment. Sunsuper’s strong performance makes it a top choice for your SMSF.

Example Calculation:

Investment: $100,000
Average Return: 9%
Annual Yield: $9,000

Imagine investing $100,000 in Sunsuper, a leading superannuation fund known for its consistent returns. With an average return of 9%, this investment could yield $9,000 annually. Sunsuper’s strategic investment approach and strong performance ensure steady growth and income. This dependable income stream reflects Sunsuper’s dedication to delivering value for its members, making it a reliable choice for your SMSF.

REST Super

REST Super offers extensive investment options and returns of 8% to 10% per annum. An average return of 9% on a $100,000 investment would yield $9,000 annually. REST Super’s flexibility and growth potential make it a solid choice.

Example Calculation:

Investment: $100,000
Average Return: 9%
Annual Yield: $9,000

Consider investing $100,000 in REST Super, a superannuation fund offering a wide range of investment options. With an average return of 9%, this investment could generate $9,000 annually. REST Super’s flexible investment approach and focus on growth ensure diversified returns. This reliable income stream reflects REST Super’s commitment to providing members with options for maximizing their retirement savings, making it a solid choice for your SMSF.

UniSuper

UniSuper provides returns of 8% to 10% per annum, focusing on sustainable and responsible investing. An average return of 9% on a $100,000 investment would yield $9,000 annually. UniSuper’s commitment to long-term growth aligns with both ethical and financial goals.

Example Calculation:

Investment: $100,000
Average Return: 9%
Annual Yield: $9,000

Envision allocating $100,000 to UniSuper, a superannuation fund emphasizing sustainable and responsible investing practices. With an average return of 9%, this investment could yield $9,000 annually. UniSuper’s focus on long-term growth and ethical investment aligns with both financial objectives and environmental consciousness. This dependable income stream reflects UniSuper’s commitment to delivering strong returns while contributing to positive societal and environmental outcomes, making it a compelling choice for your SMSF.

The Bottom Line

By diversifying your $500,000 investment across these various asset classes, you can build a robust portfolio that generates passive income and mitigates risks. This strategic allocation ensures a steady stream of returns, providing you with financial security and peace of mind. Happy investing!

FAQ (Frequently Asked Questions)

Which Australian companies besides the well-known ones should I consider for passive income?

Companies like Telstra Corporation Limited (TLS), Woolworths Group (WOW), and Macquarie Group Limited (MQG) are worth exploring for their potential dividends and growth prospects.

Are there any renewable energy companies in Australia suitable for passive income investment?

Yes, companies like Origin Energy Limited (ORG) and Cleanaway Waste Management Limited (CWY) are leading the charge in renewable energy and could provide attractive returns for passive income investors.

What sectors of the Australian market are considered stable for long-term passive income?

Healthcare, utilities, and consumer staples are generally considered stable sectors for passive income due to consistent demand regardless of economic conditions.

How do I assess the dividend sustainability of Australian companies?

Look for companies with a history of consistent dividend payouts, strong cash flows, and manageable debt levels. Conducting thorough financial analysis and reviewing company reports can also provide insights.

Are there any Australian tech companies suitable for passive income investment?

Companies like Altium Limited (ALU) and Xero Limited (XRO) have shown promising growth in the tech sector and could offer potential for both capital appreciation and dividends.

Can I invest in Australian real estate investment trusts (REITs) for passive income?

Yes, REITs such as Goodman Group (GMG) and Scentre Group (SCG) allow investors to gain exposure to the Australian property market and earn passive income through regular distributions.

How important is it to diversify my investment across different sectors when aiming for passive income?

Diversification is crucial to reduce risk and ensure a steady stream of income, as it spreads exposure across various industries that may perform differently under different market conditions.

Are there any Australian companies focused on dividend growth rather than high yields?

Companies like Cochlear Limited (COH) and ResMed Inc. (RMD) have a track record of increasing dividends over time, making them attractive for investors seeking growing passive income streams.

How do I stay updated on the performance and news of Australian companies for passive income investment?

Utilize financial news websites, company announcements, and reputable investment platforms to stay informed about earnings reports, dividend declarations, and market trends.

Should I consider investing in Australian blue-chip companies for passive income?

Blue-chip companies like Qantas Airways Limited (QAN) and Wesfarmers Limited (WES) are often favored by passive income investors due to their established market positions and track records of dividend payments.

Are there any Australian companies that pay dividends quarterly instead of biannually?

Some companies, such as National Australia Bank Limited (NAB) and Transurban Group (TCL), offer quarterly dividend payments, providing investors with more frequent income streams.

How do I determine the optimal allocation of funds among different Australian companies for passive income?

Consider factors such as dividend yield, growth potential, sector diversification, and risk tolerance when allocating funds to maximize passive income while managing risk.

Can international investors easily access the Australian stock market for passive income investment?

Yes, international investors can typically access the Australian stock market through brokerage accounts that offer access to international markets.

Are there any Australian companies that offer dividend reinvestment plans (DRIPs) for passive income investors?

Companies like Telstra Corporation Limited (TLS) and Commonwealth Bank of Australia (CBA) offer DRIPs, allowing investors to reinvest dividends to purchase additional shares without incurring brokerage fees.

How do I evaluate the management quality of Australian companies for passive income investment?

Assess factors such as management’s track record, corporate governance practices, transparency in financial reporting, and alignment of interests with shareholders.

Are there any tax implications for foreign investors earning passive income from Australian companies?

Tax laws vary depending on the investor’s country of residence and the tax treaty between that country and Australia. It’s advisable for foreign investors to consult with tax professionals to understand their tax obligations.

What role does economic outlook play in selecting Australian companies for passive income investment?

Economic indicators, such as GDP growth, inflation rates, and interest rates, can impact company earnings and dividend payouts, so it’s essential to consider the broader economic environment when making investment decisions.

Can I invest in Australian companies for passive income through exchange-traded funds (ETFs)?

Yes, there are ETFs focused on Australian dividend-paying stocks, such as the BetaShares Australia 200 ETF (A200) and the SPDR S&P/ASX 200 High Dividend Yield Fund (SYI), which offer exposure to a diversified portfolio of dividend-paying companies.

How do I determine the financial health of Australian companies before investing for passive income?

Analyze financial metrics such as earnings growth, revenue stability, debt levels, cash flow generation, and profitability ratios to gauge the financial health and stability of potential investments.

Are there any Australian companies that offer attractive dividend yields despite being in cyclical industries?

Companies like Woodside Petroleum Limited (WPL) in the energy sector and QBE Insurance Group Limited (QBE) in the insurance sector may offer attractive dividend yields, although their earnings can be cyclical and sensitive to economic conditions.

Resource : https://www.starinvestment.com.au/best-ways-invest-500k-australian-companies-passive-income/