20 Prime Opportunities for Investing in Rental Properties Across Australia

1. Port Augusta West, SA

Port Augusta West, a key regional area in South Australia, offers the highest rental yield in the region at 8.0%. This suburb stands out for its affordability and potential for growth, making it an attractive option for investors. With a median house price of around $282,500 and weekly rents averaging $340, Port Augusta West provides a favorable investment environment with strong returns.

Consider a 3-bedroom house on Peake Terrace, Port Augusta West. Purchased for $275,000, it rents for $340 per week. This results in an annual rental yield of approximately 6.4%. The suburb’s low property prices combined with a strong rental demand drive its impressive yield. Furthermore, recent investments in local infrastructure, such as the redevelopment of Port Augusta’s waterfront, are expected to boost property values and rental demand.

Why Invest Here?

High Rental Yield: Port Augusta West’s rental yield of 8.0% is one of the highest in regional South Australia, providing significant returns for investors.
Affordability: With median house prices around $282,500, it offers an entry point that is more accessible compared to major cities.
Growth Potential: The suburb’s development plans and infrastructure improvements are likely to enhance property values and rental demand.
Harcourts Port Augusta: Known for its comprehensive property management services in the region, Harcourts can help investors maximize rental returns.
Elders Real Estate Port Augusta: Provides expertise in managing properties and understanding the local market dynamics.

2. Armadale, WA

Armadale, a suburb in Perth, offers a robust rental yield of 6.9% for houses and even higher yields for units. The area is characterized by its affordable property prices and strong rental demand. With its proximity to Perth’s central business district, Armadale is an appealing location for investors looking for high returns with relatively lower initial investments.

A 4-bedroom house on Warton Road, Armadale, can be purchased for $320,000 and rented for $380 per week. This results in a rental yield of 6.2%. The area’s rental demand is bolstered by its accessibility to public transport and local amenities, as well as its ongoing urban development projects.

Why Invest Here?

Solid Rental Yields: With a yield of 6.9% for houses, Armadale provides substantial returns, especially for those looking at lower purchase prices.
Proximity to Perth: The suburb’s accessibility to Perth increases its attractiveness to renters, ensuring a steady demand.
Development Projects: Ongoing infrastructure improvements are likely to enhance property values and rental yields further.
Professionals Armadale Real Estate: Offers specialized property management services in Armadale, focusing on maximizing investor returns.
Harcourts Armadale: Provides comprehensive management services with a strong understanding of the local market dynamics.

3. Melbourne CBD, VIC

The Central Business District (CBD) of Melbourne offers a notable rental yield of 7.3% for units. This urban area is ideal for investors seeking high yields in a metropolitan setting. Melbourne CBD’s strong rental market is driven by its dense population, robust job market, and high demand for city living.

A 2-bedroom apartment on Collins Street, Melbourne CBD, bought for $500,000, can command a weekly rent of $650. This results in a rental yield of 6.7%. The area’s high demand for rental properties due to its central location and proximity to amenities ensures strong and consistent rental returns.

Why Invest Here?

High Rental Yield: The 7.3% yield for units reflects the high demand and premium rental prices in Melbourne’s CBD.
Urban Appeal: The CBD’s location provides proximity to key amenities and employment centers, ensuring a steady flow of tenants.
Strong Market: The ongoing development in Melbourne’s central area enhances its attractiveness for property investors.
Harcourts CBD Melbourne: Specializes in managing properties in Melbourne’s central area, focusing on optimizing rental returns.
Ray White Melbourne: Offers comprehensive property management services with deep knowledge of the city’s rental market.

4. Elizabeth North, SA

Elizabeth North, located in northern Adelaide, provides a rental yield of 6.6% for houses. The suburb’s low entry prices and consistent rental demand make it a compelling choice for investors. Its proximity to Adelaide and recent infrastructure developments contribute to its appeal.

A 3-bedroom house on Newland Crescent, Elizabeth North, purchased for $250,000, is rented for $290 per week. This equates to a rental yield of 6.0%. The suburb’s affordability and steady rental demand make it a strong contender for property investment, especially with ongoing improvements in local amenities.

Why Invest Here?

Attractive Yield: The 6.6% rental yield for houses reflects Elizabeth North’s strong rental demand and affordable property prices.
Affordable Entry: Lower property prices compared to other Adelaide suburbs offer a lower barrier to entry for investors.
Infrastructure Development: Recent improvements in local infrastructure are likely to boost property values and rental demand.
LJ Hooker Elizabeth: Provides specialized property management services in Elizabeth North, focusing on maximizing returns for investors.
Ray White Elizabeth: Known for their expertise in managing properties and understanding the local market dynamics.

5. Salisbury, SA

Salisbury, located 25 kilometers from Adelaide’s CBD, offers a rental yield of 6.5%, particularly favorable for units. The suburb benefits from its proximity to the city and ongoing development projects, making it a viable option for investors seeking high returns.

A 2-bedroom unit on Ann Street, Salisbury, purchased for $220,000, can be rented for $290 per week. This results in a rental yield of 6.9%. The suburb’s close proximity to Adelaide and its affordable property prices enhance its investment potential.

Why Invest Here?

High Rental Yields: The 6.5% yield for units in Salisbury reflects strong rental demand and affordability.
Proximity to Adelaide: The suburb’s closeness to the city increases its appeal to renters and contributes to strong rental returns.
Development Projects: Ongoing developments in the area are likely to improve property values and rental yields.
Harcourts Salisbury: Offers property management services focusing on maximizing rental returns in Salisbury.
Ray White Salisbury: Known for their expertise in managing rental properties and optimizing investor returns.

6. Orelia, WA

Orelia, near Perth, offers an exceptional rental yield of 10.0% for units. This suburb’s high return is driven by its affordability and strong rental demand, making it one of the best choices for high rental returns in Australia.

A 2-bedroom unit on Henley Loop, Orelia, purchased for $220,000, can be rented for $400 per week. This provides a rental yield of 9.1%. The suburb’s high rental yield is supported by its low property prices and strong demand for rental properties.

Why Invest Here?

Exceptional Yield: Orelia offers one of the highest rental yields in Australia, providing substantial returns for investors.
Affordable Properties: The suburb’s low property prices make it an attractive option for investors looking for high returns.
Strong Rental Demand: The suburb’s rental market is buoyed by its affordability and accessibility to Perth.
Professionals Kwinana: Provides property management services in Orelia, focusing on optimizing rental returns.
Harcourts Kwinana: Offers comprehensive property management services with expertise in the local market.

7. Kerang, VIC

Kerang, located in regional Victoria, offers a rental yield of 6.1% for houses. The suburb’s affordability, with a median sale price of $270,000, combined with weekly rents of $270, makes it an attractive option for investors seeking a balance between affordability and return.

A 3-bedroom house on Francis Street, Kerang, purchased for $265,000, is rented for $270 per week. This results in a rental yield of 5.6%. The suburb’s affordable property prices and stable rental market make it a viable option for property investors.

Why Invest Here?

Affordability: Kerang offers affordable property prices compared to major metropolitan areas, making it accessible for investors.
Stable Returns: The suburb’s stable rental market provides consistent returns for investors.
Regional Appeal: Kerang’s regional location offers a balance between affordability and rental yield.
Ray White Kerang: Known for their expertise in managing regional properties and optimizing rental returns.
Harcourts Kerang: Provides property management services with a focus on maximizing returns for investors in regional Victoria.

8. Port Lincoln, SA

Port Lincoln, a regional area in South Australia, offers a rental yield of 6.5% for units. The suburb benefits from its growing local economy and affordability, making it an appealing option for investors seeking solid returns.

A 2-bedroom unit on Westralia Street, Port Lincoln, purchased for $230,000, is rented for $300 per week. This results in a rental yield of 6.8%. Port Lincoln’s growing economy and affordable property prices support its investment potential.

Why Invest Here?

Strong Rental Yields: Port Lincoln offers a rental yield of 6.5% for units, reflecting strong demand and affordability.
Growing Economy: The local economy’s growth supports property values and rental demand.
Affordability: The suburb’s affordable property prices make it accessible for investors seeking high returns.
Elders Real Estate Port Lincoln: Offers property management services with a focus on maximizing returns in Port Lincoln.
Harcourts Port Lincoln: Provides comprehensive property management services in the region.

9. Corio, VIC

Corio, near Geelong, offers a rental yield of 4.4% for houses. The suburb’s rental market is supported by its proximity to Geelong and affordable property prices, making it an attractive option for investors.

A 3-bedroom house on Kingfisher Avenue, Corio, purchased for $320,000, can be rented for $300 per week. This results in a rental yield of 4.9%. The suburb’s affordability and proximity to Geelong contribute to its strong rental demand.

Why Invest Here?

Stable Yields: Corio offers a stable rental yield of 4.4%, reflecting consistent demand and affordable property prices.
Proximity to Geelong: The suburb’s location near Geelong increases its appeal to renters.
Affordable Entry: Lower property prices compared to Geelong’s central areas offer a more accessible entry point for investors.
Ray White Corio: Specializes in property management services with a focus on maximizing returns in Corio.
Harcourts Geelong: Provides property management services with expertise in the Geelong region.

10. Brookdale, WA

Brookdale, another suburb of Perth, offers a rental yield of 6.9% for houses. The suburb’s strong rental market and affordable property prices make it a viable option for investors seeking solid returns.

A 4-bedroom house on Brookdale Street, Brookdale, purchased for $350,000, is rented for $400 per week. This results in a rental yield of 5.7%. The suburb’s rental demand is driven by its accessibility to Perth and local amenities.

Why Invest Here?

Attractive Rental Yields: Brookdale offers a rental yield of 6.9%, providing substantial returns for investors.
Affordable Property Prices: Lower property prices make it an attractive option for high returns.
Proximity to Perth: The suburb’s location supports strong rental demand and consistent returns.
Professionals Kwinana: Provides property management services in Brookdale, focusing on optimizing investor returns.
Harcourts Kwinana: Offers comprehensive property management services with expertise in the local market.

11. Bendigo, VIC

Bendigo, a regional city in Victoria, offers solid rental returns due to its lifestyle appeal and strong infrastructure. The city’s growing population and increasing demand for rental properties make it an attractive investment location.

A 3-bedroom house on High Street, Bendigo, purchased for $400,000, is rented for $450 per week. This results in a rental yield of 5.9%. The city’s appeal as a regional hub with expanding amenities supports its strong rental market.

Why Invest Here?

Growing Demand: Bendigo’s growing population and improving infrastructure contribute to a strong rental market.
Lifestyle Appeal: The city’s lifestyle amenities attract tenants, ensuring consistent rental demand.
Infrastructure Improvements: Ongoing development enhances property values and rental returns.
Ray White Bendigo: Specializes in managing properties in Bendigo with a focus on maximizing returns.
Harcourts Bendigo: Provides property management services with expertise in the regional market.

12. Toowoomba, QLD

Toowoomba, located in Queensland, offers rental yields around 5-6%. The city’s growing economy and population contribute to its investment potential, with a strong rental market supported by ongoing development projects.

A 4-bedroom house on James Street, Toowoomba, purchased for $350,000, is rented for $400 per week. This results in a rental yield of 5.7%. The city’s expanding infrastructure and increasing population support its rental market.

Why Invest Here?

Growing Economy: Toowoomba’s expanding economy supports a strong rental market.
Population Growth: The city’s growing population contributes to consistent rental demand.
Development Projects: Ongoing infrastructure projects enhance the city’s appeal for property investors.
Ray White Toowoomba: Provides property management services with a focus on optimizing returns in Toowoomba.
Harcourts Toowoomba: Specializes in managing properties and understanding the local market dynamics.

13. Redcliffe, QLD

Redcliffe, located near Brisbane, offers a combination of lifestyle appeal and rental yield potential. The suburb’s ongoing infrastructure developments and its proximity to Brisbane contribute to its investment attractiveness.

A 2-bedroom unit on Oxley Avenue, Redcliffe, purchased for $280,000, is rented for $320 per week. This results in a rental yield of 5.9%. The suburb’s lifestyle appeal and ongoing developments enhance its investment potential.

Why Invest Here?

Lifestyle Appeal: Redcliffe offers a desirable lifestyle with proximity to beaches and recreational facilities.
Rental Yield Potential: The suburb’s rental yields are supported by its ongoing infrastructure improvements and proximity to Brisbane.
Development Projects: Infrastructure projects contribute to the area’s growth and rental demand.
Harcourts Redcliffe: Specializes in property management services in Redcliffe, focusing on maximizing rental returns.
Ray White Redcliffe: Offers comprehensive management services with expertise in the local market.

14. Sunbury, VIC

Sunbury, located in Melbourne’s northwest, offers reasonable entry prices and solid rental demand. The suburb’s proximity to Melbourne and expanding amenities contribute to its strong investment potential.

A 3-bedroom house on Lancefield Road, Sunbury, purchased for $370,000, is rented for $400 per week. This results in a rental yield of 5.6%. The suburb’s affordability and ongoing development make it a viable investment option.

Why Invest Here?

Proximity to Melbourne: Sunbury’s location provides easy access to Melbourne, supporting strong rental demand.
Expanding Amenities: The suburb’s growing amenities contribute to its investment potential.
Affordability: Reasonable entry prices offer a balanced investment opportunity.
Harcourts Sunbury: Offers property management services focusing on maximizing returns in Sunbury.
Ray White Sunbury: Provides comprehensive property management services with a focus on local market dynamics.

15. Murray Bridge, SA

Murray Bridge, located east of Adelaide, offers a high rental yield of 6.9% for units. The suburb’s affordability and strong local demand drive its investment potential.

A 2-bedroom unit on Adelaide Road, Murray Bridge, purchased for $240,000, can be rented for $300 per week. This results in a rental yield of 6.5%. The suburb’s affordability and local demand make it a promising investment option.

Why Invest Here?

High Rental Yields: Murray Bridge offers a strong rental yield of 6.9% for units, reflecting robust demand.
Affordability: Lower property prices enhance the suburb’s appeal for investors.
Local Demand: The strong local demand supports consistent rental returns.
Harcourts Murray Bridge: Provides property management services with a focus on optimizing returns in Murray Bridge.
Ray White Murray Bridge: Known for their expertise in managing properties and understanding the local market.

16. Gosnells, WA

Gosnells, a suburb of Perth, offers a rental yield of over 6%. The suburb’s affordability and strong rental demand contribute to its attractiveness as a property investment location.

A 3-bedroom house on Gosnells Road, Gosnells, purchased for $330,000, is rented for $380 per week. This results in a rental yield of 6.0%. The suburb’s rental demand is supported by its affordable property prices and proximity to Perth.

Why Invest Here?

Strong Rental Yields: Gosnells offers a rental yield of over 6%, providing solid returns for investors.
Affordable Properties: Lower property prices make it an appealing option for high returns.
Proximity to Perth: The suburb’s accessibility to Perth supports strong rental demand.
Professionals Gosnells: Provides property management services with a focus on maximizing rental returns in Gosnells.
Harcourts Gosnells: Offers comprehensive property management services in the local market.

17. Victor Harbor, SA

Victor Harbor, known for its coastal lifestyle, offers a rental yield of 6.4% for units. The suburb’s appeal as a coastal destination and its growing local economy enhance its investment potential.

A 2-bedroom unit on Ocean Street, Victor Harbor, purchased for $260,000, is rented for $290 per week. This results in a rental yield of 5.8%. The suburb’s coastal lifestyle and increasing local amenities contribute to its strong rental market.

Why Invest Here?

Coastal Appeal: Victor Harbor’s coastal location offers a desirable lifestyle, attracting renters.
Rental Yield Potential: The suburb’s rental yield is supported by its appeal and growing local economy.
Lifestyle and Growth: The combination of lifestyle appeal and economic growth enhances investment potential.
Harcourts Victor Harbor: Specializes in property management services in Victor Harbor, focusing on maximizing rental returns.
Ray White Victor Harbor: Offers comprehensive management services with expertise in the coastal market.

18. Hervey Bay, QLD

Hervey Bay, a coastal city in Queensland, offers a rental yield of around 5-6%. The city’s attractive lifestyle and growing population contribute to its investment appeal.

A 3-bedroom house on Torquay Road, Hervey Bay, purchased for $350,000, is rented for $400 per week. This results in a rental yield of 5.7%. Hervey Bay’s coastal appeal and population growth support its strong rental market.

Why Invest Here?

Coastal Appeal: The city’s coastal lifestyle attracts renters and supports strong rental returns.
Growing Population: Hervey Bay’s growing population contributes to consistent rental demand.
Investment Potential: The combination of lifestyle appeal and population growth enhances investment opportunities.
Harcourts Hervey Bay: Provides property management services focusing on maximizing returns in Hervey Bay.
Ray White Hervey Bay: Known for their expertise in managing coastal properties and understanding local market dynamics.

19. Goulburn, NSW

Goulburn, located in New South Wales, offers solid rental returns due to its growing population and affordability. The city’s proximity to Canberra and expanding amenities enhance its investment potential.

A 3-bedroom house on Bourke Street, Goulburn, purchased for $350,000, is rented for $400 per week. This results in a rental yield of 5.7%. Goulburn’s affordability and proximity to Canberra contribute to its strong rental market.

Why Invest Here?

Affordability: Lower property prices compared to major cities offer an attractive investment entry point.
Proximity to Canberra: Goulburn’s location near Canberra supports strong rental demand.
Growing Amenities: The city’s expanding amenities enhance its investment appeal.
Ray White Goulburn: Provides property management services with a focus on optimizing returns in Goulburn.
Harcourts Goulburn: Specializes in managing properties and understanding the local market dynamics.

20. Coffs Harbour, NSW

Coffs Harbour, a coastal city in New South Wales, offers a rental yield of around 5-6%. The city’s appealing coastal lifestyle and growing population contribute to its investment potential.

A 2-bedroom unit on Park Beach Road, Coffs Harbour, purchased for $300,000, is rented for $350 per week. This results in a rental yield of 6.1%. Coffs Harbour’s coastal lifestyle and increasing population support its strong rental market.

Why Invest Here?

Coastal Lifestyle: The city’s coastal appeal attracts renters and supports high rental yields.
Population Growth: Coffs Harbour’s growing population contributes to a strong rental market.
Investment Appeal: The combination of lifestyle appeal and population growth enhances investment opportunities.
Harcourts Coffs Coast: Offers property management services focusing on maximizing returns in Coffs Harbour.
Ray White Coffs Harbour: Known for their expertise in managing coastal properties and understanding the local market.

These locations provide a diverse range of investment opportunities across different regions of Australia, each with its own unique characteristics and potential for strong rental returns.

Resource: https://www.starinvestment.com.au/opportunities-investing-in-rental-properties-australia/