Best suburbs/Highest rental yield · Melbourne

💰 Ranking · Melbourne

Highest rental yield suburbs in Melbourne

The top suburbs in Melbourne ranked by gross rental yield from real bond-authority rents (modelled-rent suburbs are excluded so the yields are genuine).

Australia NSW VIC QLD WA SA TAS ACT NT

Sydney Melbourne Brisbane Perth Adelaide Hobart Canberra Darwin

MELBOURNE VIC 3000

Investor 72Liveability 53$480k median

11.9% yield 2

MELBOURNE VIC 3004

Investor 71Liveability 81$535k median

10.7% yield 3

ST KILDA ROAD MELBOURNE VIC 3004

Investor 64Liveability 79$535k median

9.2% yield 4

ST KILDA ROAD CENTRAL VIC 3004

Investor 67Liveability 71$535k median

9.2% yield 5

NORTH POLE VIC 9999

Investor 59Liveability 61$810k median

7.1% yield

DOCKLANDS VIC 3008

Investor 65Liveability 80$533k median

6.8% yield 7

KEW EAST VIC 3102

Investor 60Liveability 63$720k median

6.1% yield 8

SOUTHBANK VIC 3006

Investor 67Liveability 86$580k median

6.1% yield 9

SOUTH WHARF VIC 3006

Investor 60Liveability 83$580k median

6.1% yield 10

SOMERTON VIC 3062

Investor 60Liveability 47$450k median

5.8% yield 11

DEAKIN UNIVERSITY VIC 3217

Investor 58Liveability 58$640k median

5.3% yield 12

INDENTED HEAD VIC 3223

Investor 42Liveability 45$601k median

4.8% yield 13

DON VALLEY VIC 3139

Investor 47Liveability 41$688k median

4.5% yield 14

WANDIN EAST VIC 3139

Investor 47Liveability 50$688k median

4.5% yield 15

HODDLES CREEK VIC 3139

Investor 47Liveability 41$688k median

4.5% yield 16

YELLINGBO VIC 3139

Investor 47Liveability 57$688k median

4.5% yield 17

UPPER PLENTY VIC 3756

Investor 40Liveability 57$585k median

4.5% yield 18

HIDDEN VALLEY VIC 3756

Investor 48Liveability 48$585k median

4.5% yield 19

BANGHOLME VIC 3175

Investor 50Liveability 53$781k median

4.5% yield 20

BADGER CREEK VIC 3777

Investor 39Liveability 51$690k median

4.5% yield 21

BALACLAVA VIC 3183

Investor 35Liveability 77$1.27m median

4.5% yield 22

DARRAWEIT GUIM VIC 3756

Investor 40Liveability 48$585k median

4.4% yield 23

UNIVERSITY OF MELBOURNE VIC 3010

Investor 49Liveability 73$1.12m median

4.4% yield 24

KINGLAKE VIC 3763

Investor 56Liveability 55$673k median

4.4% yield 25

WALLAN EAST VIC 3756

Investor 47Liveability 63$605k median

4.4% yield 26

HEIDELBERG WEST VIC 3081

Investor 50Liveability 52$715k median

4.4% yield 27

CHUM CREEK VIC 3777

Investor 38Liveability 51$716k median

4.4% yield 28

CHINTIN VIC 3756

Investor 40Liveability 49$585k median

4.4% yield 29

KEALBA VIC 3021

Investor 57Liveability 57$752k median

4.4% yield 30

SOUTHLAND CENTRE VIC 3192

Investor 43Liveability 77$865k median

4.3% yield 31

JUNCTION VILLAGE VIC 3977

Investor 56Liveability 31$663k median

4.3% yield 32

MOOROODUC VIC 3933

Investor 44Liveability 37$815k median

4.3% yield 33

LAVERTON VIC 3028

Investor 42Liveability 58$640k median

4.3% yield 34

SEVILLE EAST VIC 3139

Investor 46Liveability 43$730k median

4.3% yield 35

COLLINGWOOD NORTH VIC 3066

Investor 39Liveability 66$1.16m median

4.3% yield 36

FITZROY VIC 3065

Investor 33Liveability 71$1.34m median

4.3% yield 37

ROBINSON VIC 3019

Investor 49Liveability 60$735k median

4.2% yield 38

BRAYBROOK NORTH VIC 3019

Investor 49Liveability 60$735k median

4.2% yield 39

WOORI YALLOCK VIC 3139

Investor 46Liveability 56$736k median

4.2% yield 40

WALLAN VIC 3756

Investor 43Liveability 58$630k median

4.2% yield 41

HASTINGS VIC 3915

Investor 59Liveability 23$740k median

4.2% yield 42

PINES FOREST VIC 3200

Investor 75Liveability 27$700k median

4.2% yield 43

WOODSTOCK VIC 3751

Investor 49Liveability 58$640k median

4.1% yield 44

DOVETON VIC 3177

Investor 57Liveability 54$668k median

4.1% yield 45

KALKALLO VIC 3064

Investor 51Liveability 38$630k median

4.1% yield 46

CREMORNE VIC 3121

Investor 31Liveability 70$1.25m median

4.1% yield 47

OFFICER VIC 3809

Investor 56Liveability 47$759k median

4.1% yield 48

DRYSDALE VIC 3222

Investor 39Liveability 51$697k median

4.1% yield 49

DALLAS VIC 3047

Investor 70Liveability 36$640k median

4.1% yield 50

TRUGANINA VIC 3029

Investor 55Liveability 69$672k median

4.1% yield 51

PLUMPTON VIC 3335

Investor 50Liveability 56$610k median

4.1% yield 52

CLYDE VIC 3978

Investor 47Liveability 34$751k median

4.1% yield 53

TARNEIT VIC 3029

Investor 62Liveability 52$675k median

4.1% yield 54

MELTON VIC 3337

Investor 71Liveability 36$535k median

4.1% yield 55

CLYDE NORTH VIC 3978

Investor 56Liveability 33$769k median

4.1% yield 56

NANGANA VIC 3781

Investor 38Liveability 43$775k median

4.0% yield 57

CLIFTON SPRINGS VIC 3222

Investor 39Liveability 53$710k median

4.0% yield 58

BEVERIDGE VIC 3753

Investor 39Liveability 40$620k median

4.0% yield 59

PLUMPTON VIC 3427

Investor 37Liveability 54$620k median

4.0% yield 60

MOUNT SLIDE VIC 3763

Investor 60Liveability 56$738k median

4.0% yield 61

BALLIANG VIC 3340

Investor 42Liveability 52$648k median

4.0% yield 62

ST LEONARDS VIC 3223

Investor 37Liveability 44$740k median

4.0% yield 63

BEENAK VIC 3139

Investor 45Liveability 40$688k median

4.0% yield 64

SILVAN VIC 3795

Investor 47Liveability 60$780k median

4.0% yield 65

MICKLEHAM VIC 3064

Investor 54Liveability 39$717k median

4.0% yield 66

JACANA VIC 3047

Investor 67Liveability 36$660k median

4.0% yield 67

COOLAROO VIC 3048

Investor 68Liveability 37$662k median

4.0% yield 68

BELLARINE VIC 3223

Investor 36Liveability 45$723k median

4.0% yield 69

BRAYBROOK VIC 3019

Investor 43Liveability 59$790k median

4.0% yield 70

DONNYBROOK VIC 3064

Investor 40Liveability 38$658k median

4.0% yield 71

SUMNER VIC 3057

Investor 36Liveability 74$1.32m median

3.9% yield 72

CURLEWIS VIC 3222

Investor 38Liveability 50$728k median

3.9% yield 73

BROADMEADOWS VIC 3047

Investor 70Liveability 37$670k median

3.9% yield 74

MARCUS HILL VIC 3222

Investor 36Liveability 52$730k median

3.9% yield 75

MANNERIM VIC 3222

Investor 36Liveability 50$730k median

3.9% yield 76

LAUNCHING PLACE VIC 3139

Investor 43Liveability 41$798k median

3.9% yield 77

MOUNT TOOLEBEWONG VIC 3777

Investor 34Liveability 52$803k median

3.9% yield 78

HEIDELBERG RGH VIC 3081

Investor 52Liveability 51$803k median

3.9% yield 79

HAMPTON PARK VIC 3976

Investor 63Liveability 50$735k median

3.9% yield 80

HEALESVILLE POST SHOP VIC 3777

Investor 42Liveability 50$803k median

3.9% yield 81

WYNDHAM VALE VIC 3024

Investor 50Liveability 61$615k median

3.9% yield 82

HEALESVILLE MAIN STREET VIC 3777

Investor 42Liveability 52$803k median

3.9% yield 83

PAKENHAM SOUTH VIC 3810

Investor 51Liveability 41$709k median

3.9% yield 84

PAKENHAM UPPER VIC 3810

Investor 52Liveability 41$709k median

3.9% yield 85

BELLFIELD VIC 3081

Investor 52Liveability 52$803k median

3.9% yield 86

BLIND BIGHT VIC 3980

Investor 36Liveability 30$735k median

3.9% yield 87

RYTHDALE VIC 3810

Investor 51Liveability 41$709k median

3.9% yield 88

CRANBOURNE WEST VIC 3977

Investor 58Liveability 29$740k median

3.9% yield 89

CRANBOURNE VIC 3977

Investor 65Liveability 31$740k median

3.9% yield 90

AVALON VIC 3212

Investor 36Liveability 42$675k median

3.9% yield 91

MELTON SOUTH VIC 3338

Investor 70Liveability 52$581k median

3.9% yield 92

BAXTER VIC 3911

Investor 62Liveability 39$770k median

3.9% yield 93

POINT WILSON VIC 3212

Investor 43Liveability 41$675k median

3.9% yield 94

ABBOTSFORD VIC 3067

Investor 45Liveability 81$1.29m median

3.8% yield 95

MONBULK VIC 3793

Investor 35Liveability 64$802k median

3.8% yield 96

RICHMOND VIC 3121

Investor 36Liveability 76$1.35m median

3.8% yield 97

BELGRAVE VIC 3160

Investor 35Liveability 63$816k median

3.8% yield 98

TUERONG VIC 3915

Investor 53Liveability 26$810k median

3.8% yield 99

DANDENONG VIC 3175

Investor 56Liveability 52$762k median

3.8% yield 100

PAKENHAM VIC 3810

Investor 75Liveability 42$722k median

3.8% yield

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Rankings are generated from our suburb database. Rental yield and other figures may be modelled estimates — see the Real/Est. labels on each suburb page. Data sources. Not financial advice.