An investor’s Perth top five
If you’re thinking about purchasing an investment property in Perth, we have listed the top five suburbs worth considering based on their average gross rental yield.
In real estate terms, rental yield is a measure of how much cash a property produces each year, as a percentage of the property value.
A high yield means good annual returns for investors.
As a benchmark, the rental yield for the Perth metropolitan region sits at 3.8 per cent based on the overall median rent price of $360 a week and median dwelling price of $488,000. This means a typical property investor can expect to generate a 3.8 per cent annual return on their purchase price.
Situated only 6km from Perth city, between Lake Monger and Herdsman Lake, Glendalough has a rental yield of 5.5 per cent and a median rent of about $280 a week. Glendalough is an attractive investment choice for its close proximity to the CBD and the Leederville entertainment hub.
2. Maida Vale
Next on the list is Maida Vale, which has a rental yield of 5.3 per cent. This suburb is close to the domestic and international airports, making it convenient for fly-in-fly-out renters. If you’re considering buying an investment property in the area, you can expect to receive a median rent price of about $465 a week.
Northbridge rounds out the top five, with a rental yield of 5.3 per cent and a median rent price of $400 a week. This suburb is an urban haven of hidden bars, popular restaurants, brunch spots and boutiques. Northbridge households are mostly made up of couples, singles and share houses.
Brookdale rounds out the suburbs with a rental yield of 5.3 per cent. If you purchase an investment property in the area, it takes about 45 days to lease out and the median rent price is $298 a week. Brookdale is a mixed-use suburb with rural and residential areas in its boundaries. It’s also a popular area for families.
This suburb has a rental yield of 5 per cent and is near Roe and Albany highways, creating easy access to the CBD, and Perth’s three airports. You could expect to receive a median rent of about $298 a week.