Investor ranking · TAS

The best rental yield suburbs in Tasmania.

Suburbs with the highest gross rental yields, calculated from median price and weekly rent. Filtered to Tasmania suburbs only.

About this ranking

Gross rental yield is rent income as a percentage of property value, the headline cashflow metric for an investment property. Higher yield generally means stronger near-term cashflow but often correlates with lower capital growth, so this ranking is a starting point for cashflow-focused investors rather than long-term wealth-building.

Tasmania property market in 2026

Tasmania's market had a dramatic 2018-2022 run with Hobart prices nearly doubling. The 2023-2025 period was a flat-to-down breather; 2026 sees the market steady again with modest positive growth and strong rental demand. Hobart median house prices sit around $730K, and the gap to Launceston has narrowed meaningfully. The lifestyle premium that drove the 2018-2022 boom has cooled but hasn't reversed.

Showing top 50 suburbs in Tasmania

#1Banca

TAS 7265

Gross yield

10.88%

Weekly rent

$226/wk

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#2Winnaleah

TAS 7265

Gross yield

10.88%

Weekly rent

$226/wk

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#3Branxholm

TAS 7261

Gross yield

8.73%

Weekly rent

$240/wk

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#4Warrentinna

TAS 7261

Gross yield

8.73%

Weekly rent

$240/wk

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#5Storys Creek

TAS 7213

Gross yield

6.91%

Weekly rent

$190/wk

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#6Rossarden

TAS 7213

Gross yield

6.91%

Weekly rent

$190/wk

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#7Avoca

TAS 7213

Gross yield

6.91%

Weekly rent

$190/wk

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#8Royal George

TAS 7213

Gross yield

6.91%

Weekly rent

$190/wk

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#9Opossum Bay

TAS 7023

Gross yield

6.86%

Weekly rent

$418/wk

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#10Dunalley

TAS 7177

Gross yield

6.77%

Weekly rent

$310/wk

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#11Boomer Bay

TAS 7177

Gross yield

6.77%

Weekly rent

$310/wk

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#12Murdunna

TAS 7178

Gross yield

6.45%

Weekly rent

$295/wk

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#13Zeehan

TAS 7469

Gross yield

6.26%

Weekly rent

$160/wk

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#14Renison Bell

TAS 7469

Gross yield

6.26%

Weekly rent

$160/wk

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#15Trial Harbour

TAS 7469

Gross yield

6.26%

Weekly rent

$160/wk

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#16Granville Harbour

TAS 7469

Gross yield

6.26%

Weekly rent

$160/wk

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#17Lake Margaret

TAS 7467

Gross yield

6.19%

Weekly rent

$150/wk

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#18Queenstown

TAS 7467

Gross yield

6.19%

Weekly rent

$150/wk

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#19Otago

TAS 7017

Gross yield

6.17%

Weekly rent

$400/wk

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#20Grasstree Hill

TAS 7017

Gross yield

6.17%

Weekly rent

$400/wk

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#21Tea Tree

TAS 7017

Gross yield

6.17%

Weekly rent

$400/wk

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#22Old Beach

TAS 7017

Gross yield

6.17%

Weekly rent

$400/wk

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#23Risdon

TAS 7017

Gross yield

6.17%

Weekly rent

$400/wk

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#24Honeywood

TAS 7017

Gross yield

6.17%

Weekly rent

$400/wk

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#25Midway Point

TAS 7171

Gross yield

6.13%

Weekly rent

$370/wk

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#26Penna

TAS 7171

Gross yield

6.13%

Weekly rent

$370/wk

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#27Telita

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#28Musselroe Bay

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#29Derby

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#30South Mount Cameron

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#31Eddystone Point

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#32Moorina

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#33Ansons Bay

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#34Cape Portland

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#35Herrick

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#36Gladstone

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#37Boobyalla

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#38Weldborough

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#39Mount William

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#40Eddystone

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#41Rushy Lagoon

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#42Pioneer

TAS 7264

Gross yield

6.04%

Weekly rent

$180/wk

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#43Forcett

TAS 7173

Gross yield

6.00%

Weekly rent

$330/wk

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#44Connellys Marsh

TAS 7173

Gross yield

6.00%

Weekly rent

$330/wk

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#45Sloping Main

TAS 7186

Gross yield

6.00%

Weekly rent

$330/wk

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#46Primrose Sands

TAS 7173

Gross yield

6.00%

Weekly rent

$330/wk

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#47Dodges Ferry

TAS 7173

Gross yield

6.00%

Weekly rent

$330/wk

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#48Carlton

TAS 7173

Gross yield

6.00%

Weekly rent

$330/wk

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#49Saltwater River

TAS 7186

Gross yield

6.00%

Weekly rent

$330/wk

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#50Carlton River

TAS 7173

Gross yield

6.00%

Weekly rent

$330/wk

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Common questions

About this ranking.

What's a 'good' rental yield in Australia in 2026?

Capital city houses typically yield 2.5% to 4%, units 4% to 5.5%. Regional houses can yield 5% to 7%+. The 'good' threshold depends on holding costs (council rates, body corporate, insurance, management fees). Net yield after these costs is usually 1% to 1.5% lower than gross.

Does high yield always mean weak growth?

Not always but often. High-yield markets typically have lower price-to-rent ratios because growth expectations are lower. The exceptions are markets in early growth cycles (yield is high because prices haven't run yet) and structurally constrained regional centres (yield is high because supply is tight even with modest population).

How do I calculate net yield?

Take gross rent, subtract council rates, body corporate, insurance, property management fees (8-12%), maintenance allowance (1-1.5% of property value), and assumed vacancy (2-4 weeks per year). The remainder divided by property value is net yield. Most properties show net yield 1-1.5 percentage points below gross.

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