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Cairns Suburbs Dominate Rental Report

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Cairns suburbs, Woree and Manunda are high on CoreLogic’s Top Rental Performers Report, which lists the top 100 best performing suburbs in Australia.

Those suburbs returned rental yields of 10.8 per cent and 9.5 per cent respectively.

Blackwater, in Central Queensland, is number one, with its average property achieving a rental yield of 11.7 per cent, against a median value of $122,165.

West End also made an appearance reporting a rental yield of 7.5 per cent, along with Springwood on the Southside, which reported the same result.

There were plenty of Gold Coast suburbs too, with Southport, Labrador, Upper Coomera and Helensvale, all making the top 100 list.

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REIQ CEO, Antonia Mercorella, said the report demonstrated the resilience and steady growth of the Queensland rental market.

“Queensland continues to offer investors ample opportunity in terms of strong rental yields, consistent rental growth and vacancy rates,” she said.

“Compared with Sydney and Melbourne, Queensland provides a strong return on investment over the medium and long term for investors.

“This, combined with an increasing rental population thanks to rapid local migration, makes Queensland an appealing option for investors.

“So it’s not surprising that Queensland dominated the list, representing almost half of the top 100 best performing suburbs in Australia.”

*a full list of the Queensland suburbs named on the report, their ranking and rental yield is included below the following Top 10 graph. Additional data and graphs are available upon request.

Rank | Suburb | Gross Rental Yield (p.a.)

1 Blackwater 11.7%

3 Woree 10.8%

4 Manunda 9.5%

8 Bungalow 8.7%

9 Moranbah 8.7%

12 Holloways Beach 8.1%

14 Westcourt 8.0%

17 Park Avenue 7.7%

18 Mooroobool 7.6%

21 Parramatta Park 7.6%

23 Springwood 7.5%

24 West End 7.5%

26 Cairns North 7.5%

28 Heatley 7.4%

32 Maryborough 7.3%

36 Svensson Heights 7.2%

37 Cranbrook 7.2%

38 White Rock 7.2%

42 Manoora 7.0%

44 Oakey 7.0%

46 Roma 6.9%

48 Avenell Heights 6.9%

51 Reedy Creek 6.8%

54 Kingaroy 6.8%

60 Clifton Beach 6.7%

64 Sarina 6.6%

69 Thabeban 6.6%

70 Kepnock 6.6%

71 Beaconsfield 6.6%

73 Gatton 6.6%

77 Slade Point 6.5%

79 Southport 6.5%

80 Labrador 6.5%

82 Bentley Park 6.5%

83 Upper Coomera 6.5%

84 Kirwan 6.5%

85 Edmonton 6.5%

86 Aitkenvale 6.5%

94 Brendale 6.5%

92 Mudgeeraba 6.4%

95 Currumbin Waters 6.4%

97 Helensvale 6.4%