Whilst the news is awash with possible apartment over supply concerns in Brisbane, one thing that has been forgotten is rental yields. Recent analysis by property research analysts CoreLogic has shown Brisbane as having the second-best gross rental yields for apartments out of any Australian capital city, behind Hobart. While the average apartment rental yields across all capital cities is 4.1%, Brisbane’s yields are at 5.2%.
According to Mortgage Choice, the best suburbs for apartment rental yields are further out from the city, with Loganlea (8.5%), Hillcrest (7.9%), and Bellbird Park (7.6%) topping the list. The best performer near the city is Woolloongabba (6.1%).
Melbourne and Sydney have received the accolade for the lowest rental yields, driven by the strong capital price increases they have experienced in recent years.
Rental yields are calculated by multiplying the weekly rent by 52 (yearly rent) and dividing the sum by the purchase price.