Top Suburbs for Rental Yield in NT
Thinking of investing in the Northern Territory? Learn more about the top rental yield suburbs in the area below.
Why should you invest in the Northern Territory real estate?
The Northern Territory may be an appealing destination for property investors because of its higher-than-average rental yield percentages, relatively low vacancy rates, and affordable house prices.
The territory has the lowest average house price in Australia at only $523,400. That’s a far cry from states like New South Wales, Victoria, and Queensland, where the average property price is around a million dollars. Since the starting capital for property investment in the Northern Territory is much lower compared to other states, it makes it easier for those just starting out or those who want to diversify their portfolio.
Aside from lower property prices, the Northern Territory boasts reliable infrastructure, great nature spots, a thriving local economy, tax incentives for investors, and is ideally located for travellers. For property investors, the Top End could be a top investment opportunity.
Suburbs in Greater Darwin with the highest rental yield
Darwin is quickly gaining popularity among investors due to its low prices, high rental yields, and growing local economy. According to the latest SQM Research data, the vacancy rate for the city is at 0.5% (August 2026). This could indicate a strong demand for rental property in the city. For reference, a healthy vacancy rate for investments is generally considered between 2% and 3.5%.
Top rental yield by Suburb in Greater Darwin (houses)
| Suburb | Region | Rental Yield | Median Rental Value |
|---|---|---|---|
| Karama | Darwin | 7.7% | $651 |
| Gray | Darwin | 7.5% | $560 |
| Driver | Darwin | 7.4% | $597 |
| Moulden | Darwin | 7.3% | $543 |
| Tiwi | Darwin | 7.0% | $675 |
| Woodroffe | Darwin | 7.0% | $579 |
| Zuccoli | Darwin | 6.9% | $742 |
| Bakewell | Darwin | 6.9% | $619 |
| Millner | Darwin | 6.9% | $666 |
| Anula | Darwin | 4.2% | $645 |
Source: CoreLogic Best of the Best 2024 (December 2024) report
All the highest rental yield suburbs in Greater Darwin are found in the same region. The highest rental yield for houses is in Karama, which is known for its family-friendly atmosphere and great amenities. Most of the suburbs on the list are close to the Darwin CBD, making them more desirable for a lot of renters.
The rental yields between the top suburbs are also within close range, having only a 0.8% difference between Karama, the highest on the list, and Anula, the lowest on the list. It's interesting to note that even with such close rental yield percentages, the median rental value fluctuates among the top suburbs.
Top rental yield by Suburb in Greater Darwin (units)
| Suburb | Region | Rental Yield | Median Rental Value |
|---|---|---|---|
| Bakewell | Darwin | 9.0% | $489 |
| Gray | Darwin | 9.0% | $476 |
| Rosebery | Darwin | 8.7% | $524 |
| Driver | Darwin | 8.7% | $490 |
| Johnston | Darwin | 8.6% | $552 |
| Coconut Grove | Darwin | 8.2% | $500 |
| Parap | Darwin | 8.2% | $550 |
| Darwin City | Darwin | 8.2% | $641 |
| Stuart Parl | Darwin | 7.4% | $613 |
| Larrakeyah | Darwin | 7.4% | $613 |
Source: CoreLogic Best of the Best 2024 (December 2024) report
It’s important to note that rental yield for units is considerably higher compared to houses. This could mean there’s more demand for units in the city than there are houses. Or it could also be due to the difference in affordability, as the median rental value of certain suburbs for units is slightly lower compared to houses.
Suburbs in the Regional Northern Territory with the highest rental yield
The Regional Northern Territory may not offer as many amenities as Greater Darwin, but it could still provide investors with worthwhile real estate opportunities. Low housing costs make it an affordable option, and coupled with high rental yield percentages, it makes for an appealing destination for property investors.
Top rental yield by Suburb in the Regional Northern Territory (houses)
| Suburb | Region | Rental Yield | Median Rental Value |
|---|---|---|---|
| Katherine | Northern Territory- Outback | 8.8% | $564 |
| Katherine East | Northern Territory- Outback | 8.6% | $567 |
| Gillen | Northern Territory- Outback | 7.8% | $603 |
| Sadadeen | Northern Territory- Outback | 7.5% | $610 |
| Braitling | Northern Territory- Outback | 7.4% | $608 |
| Larapinta | Northern Territory- Outback | 7.4% | $583 |
| Araluen | Northern Territory- Outback | 7.0% | $655 |
| East Side | Northern Territory- Outback | 6.9% | $620 |
Source: CoreLogic Best of the Best 2024 (December 2024) report
The top rental yield suburbs for houses in the Regional Northern Territory are all found in the Northern Territory – Outback region. The area has one of the most unique landscapes in the country and is a popular place for nature lovers to visit.
Unlike Greater Darwin, there are fewer top-performing suburbs in regional areas. However, the rental yield percentages and median rental value are at par with their urban counterpart.
Top rental yield by Suburb in the Regional Northern Territory (units)
| Suburb | Region | Rental Yield | Median Rental Value |
|---|---|---|---|
| Gillen | Northern Territory- Outback | 8.8% | $422 |
Source: CoreLogic Best of the Best 2024 (December 2024) report
When it comes to units, there aren’t a lot of investment options. The only high-performing suburb when looking at units is Gillen. This suburb is found in the town of Alice Springs and is known for its outdoor destinations, namely, Mt Gillen.
Ready to invest in the Northern Territory?
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