Free Tool · Investment Property
Rental Yield Calculator Australia
Calculate gross and net rental yield for any Australian investment property — and find out if the numbers stack up.
Calculate gross and net rental yield for any Australian investment property — and find out if the numbers stack up.
Rental yield measures the annual return from rent as a percentage of the property's value. It's one of the most important metrics for evaluating an investment property.
| Yield range | Assessment |
|---|---|
| Below 3% | Low — likely negative cashflow |
| 3% – 4% | Average for capital cities |
| 4% – 6% | Good — approaching neutral cashflow |
| Above 6% | Strong — typically regional areas |
Note: Higher yield often comes with lower capital growth. Balancing yield and growth is the key to a strong investment strategy.
Gross yield is useful for quick comparisons between properties. Net yield tells you what you actually keep — use it when assessing cashflow and whether the property is negatively or positively geared.
Yields vary significantly across Australian cities and property types. Capital city yields have compressed as prices rose; regional markets often offer stronger cashflow.
| City / Region | Gross Yield (Houses) | Gross Yield (Units) |
|---|---|---|
| Sydney, NSW | 2.5% – 3.2% | 3.8% – 4.5% |
| Melbourne, VIC | 2.8% – 3.5% | 4.0% – 5.0% |
| Brisbane, QLD | 3.5% – 4.5% | 5.0% – 6.0% |
| Perth, WA | 4.0% – 5.5% | 5.5% – 7.0% |
| Adelaide, SA | 4.0% – 5.0% | 5.5% – 6.5% |
| Hobart, TAS | 4.0% – 5.0% | 5.0% – 6.0% |
| Canberra, ACT | 3.5% – 4.2% | 5.0% – 5.8% |
| Regional Australia | 5.0% – 8.0%+ | 5.5% – 9.0%+ |
Indicative ranges based on 2025–26 market data. Yields vary by suburb and property. Always calculate for the specific property using current rental appraisals.
A property is negatively geared when rental income is less than your interest and holding costs. In Australia, this loss can be offset against other income, reducing your tax. Properties in Sydney and Melbourne are most commonly negatively geared due to low yields relative to prices.
A property is positively geared when rent exceeds all costs — generating income from day one. This is more common in regional areas and Perth. Use the net yield figure from this calculator to determine which applies to your property.