Investor ranking · VIC
The best rental yield suburbs in Victoria.
Suburbs with the highest gross rental yields, calculated from median price and weekly rent. Filtered to Victoria 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.
Victoria property market in 2026
Victoria spent 2024-2025 in a softer cycle than the rest of the country, but 2026 sees the Melbourne market firming again as population growth and the steady drip of overseas migration meet a constrained pipeline of new family-suitable stock. Melbourne's median house price sits around $1.0M to $1.1M, roughly 35-40% below Sydney for an equivalent property, meaningful for first home buyers and rentvestors. Regional Victoria has been mixed: Geelong has held its COVID gains, Ballarat and Bendigo are flat-to-down. The state's planning reforms ('Plan for Victoria') are starting to push approvals up in middle-ring suburbs, which will eventually moderate growth in those pockets.
Showing top 50 suburbs in Victoria
VIC 3491
Gross yield
37.48%
Weekly rent
$173/wk
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VIC 3595
Gross yield
13.97%
Weekly rent
$188/wk
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VIC 3576
Gross yield
12.46%
Weekly rent
$115/wk
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VIC 3708
Gross yield
11.02%
Weekly rent
$250/wk
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VIC 3293
Gross yield
10.95%
Weekly rent
$200/wk
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VIC 3293
Gross yield
10.95%
Weekly rent
$200/wk
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VIC 3293
Gross yield
10.95%
Weekly rent
$200/wk
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VIC 3121
Gross yield
10.17%
Weekly rent
$990/wk
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VIC 3482
Gross yield
9.61%
Weekly rent
$170/wk
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VIC 3482
Gross yield
9.61%
Weekly rent
$170/wk
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VIC 3482
Gross yield
9.61%
Weekly rent
$170/wk
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VIC 3482
Gross yield
9.61%
Weekly rent
$170/wk
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VIC 3482
Gross yield
9.61%
Weekly rent
$170/wk
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VIC 3542
Gross yield
9.20%
Weekly rent
$168/wk
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VIC 3542
Gross yield
9.20%
Weekly rent
$168/wk
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VIC 3542
Gross yield
9.20%
Weekly rent
$168/wk
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VIC 3542
Gross yield
9.20%
Weekly rent
$168/wk
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VIC 3509
Gross yield
8.76%
Weekly rent
$150/wk
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VIC 3006
Gross yield
8.46%
Weekly rent
$680/wk
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VIC 3008
Gross yield
8.27%
Weekly rent
$700/wk
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VIC 3531
Gross yield
8.21%
Weekly rent
$150/wk
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VIC 3531
Gross yield
8.21%
Weekly rent
$150/wk
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VIC 3531
Gross yield
8.21%
Weekly rent
$150/wk
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VIC 3267
Gross yield
7.68%
Weekly rent
$260/wk
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VIC 3391
Gross yield
7.66%
Weekly rent
$165/wk
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VIC 3520
Gross yield
7.41%
Weekly rent
$134/wk
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VIC 3520
Gross yield
7.41%
Weekly rent
$134/wk
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VIC 3520
Gross yield
7.41%
Weekly rent
$134/wk
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VIC 3506
Gross yield
7.29%
Weekly rent
$370/wk
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VIC 3699
Gross yield
7.28%
Weekly rent
$280/wk
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VIC 3699
Gross yield
7.28%
Weekly rent
$280/wk
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VIC 3699
Gross yield
7.28%
Weekly rent
$280/wk
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VIC 3420
Gross yield
7.18%
Weekly rent
$138/wk
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VIC 3420
Gross yield
7.18%
Weekly rent
$138/wk
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VIC 3420
Gross yield
7.18%
Weekly rent
$138/wk
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VIC 3392
Gross yield
6.99%
Weekly rent
$160/wk
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VIC 3392
Gross yield
6.99%
Weekly rent
$160/wk
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VIC 3423
Gross yield
6.57%
Weekly rent
$120/wk
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VIC 3432
Gross yield
6.50%
Weekly rent
$550/wk
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VIC 3546
Gross yield
6.44%
Weekly rent
$130/wk
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VIC 3546
Gross yield
6.44%
Weekly rent
$130/wk
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VIC 3546
Gross yield
6.44%
Weekly rent
$130/wk
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VIC 3546
Gross yield
6.44%
Weekly rent
$130/wk
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VIC 3546
Gross yield
6.44%
Weekly rent
$130/wk
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VIC 3546
Gross yield
6.44%
Weekly rent
$130/wk
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VIC 3546
Gross yield
6.44%
Weekly rent
$130/wk
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VIC 3322
Gross yield
6.44%
Weekly rent
$250/wk
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VIC 3220
Gross yield
6.42%
Weekly rent
$570/wk
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VIC 3350
Gross yield
6.38%
Weekly rent
$410/wk
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VIC 3446
Gross yield
6.36%
Weekly rent
$350/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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