Top Suburbs for Rental Yield in WA
An investment property’s success partly relies on where it’s located. As a property investor, understanding local market trends and figuring out which suburb has the best potential can be difficult. There are a few areas where rental yield is higher than the rest of the state. When investing in Western Australia, consider these high rental yield suburbs:
Why invest in Western Australia real estate?
Western Australia is quickly becoming the preferred choice for those investing in real estate due to its rising property values, low vacancy rates, and growing population. More people are flocking to Perth and the rest of the state because of the steady local economic growth and expanding job market.
Another driving factor for people moving to WA could be the cost of living. Median house prices in Perth are lower compared to other capital cities, making it a more affordable place for many. With a growing population comes more opportunities for property rental investment.
Experts are predicting that WA’s property market will continue to grow in 2026 at a moderate pace. However, rate changes and other economic factors may affect real estate trends.
Suburbs in Greater Perth with the highest rental yield
Perth has seen great rental returns for investors due to low vacancy rates of 0.7% (as of November 2025, according to SQM Research). In terms of real estate growth, Perth saw a 12.9% increase in home values compared to the same time last year, according to Cotality’s latest numbers.
The limited property supply in the state also helps boost the value of rental properties as the demand remains strong. If interest rates decline, we may see more market activity.
Highest house rental yield suburbs in Greater Perth
| Suburb | Region | Rental Yield | Median Rental Value |
|---|---|---|---|
| Midvale | North East | 5.6% | $716 |
| Brabham | North East | 5.1% | $766 |
| Anketell | South West | 5.0% | $716 |
| Orelia | South West | 5.0% | $600 |
| Hilbert | South East | 5.0% | $676 |
| Swan View | North East | 5.0% | $673 |
| Balga | North West | 4.9% | $680 |
| Westminster | North West | 4.9% | $718 |
| Dayton | North East | 4.9% | $766 |
| Girrawheen | North West | 4.9% | $646 |
Source: Cotality Best of the Best 2025
The top suburbs for house rental yields are mostly in Perth’s North East and North West. Rental yield percentages are between 4.9% and 5.6%, which is generally considered a good yield.
It's worth noting that although Midvale is the suburb with the highest yield for houses in Greater Perth, its median rental value is only $716. Meanwhile, Branham and Dayton have the highest median rental value at $766 with different rental yields of 5.1% and 4.9%, respectively.
Highest unit rental yield suburbs in Greater Perth
| Suburb | Region | Rental Yield | Median Rental Value |
|---|---|---|---|
| Cockburn Central | South West | 6.5% | $630 |
| Perth | Inner | 6.4% | $728 |
| Glendalough | Inner | 6.3% | $609 |
| Orelia | South West | 6.3% | $472 |
| Cannington | South East | 6.2% | $674 |
| Northbridge | Inner | 6.2% | $736 |
| Midland | North East | 6.2% | $577 |
| East Cannington | South East | 6.1% | $667 |
| East Perth | Inner | 6.1% | $773 |
| West Perth | Inner | 6.1% | $746 |
Source: Cotality Best of the Best 2025
A majority of the suburbs on the list can be found in Inner Perth, South West, South East, and North East regions. The top rental yields for units in Greater Perth are around 1% to 2% higher than houses.
The top suburb for units in Greater Perth is Cockburn Central with 6.5%, but it’s closely followed by the rest of the suburbs on the list with only partial differences. The suburb with the biggest median rental value goes to East Perth with $773, but it’s also the suburb with one of the lowest rental yields for units.
Suburbs in Regional Western Australia with the highest rental yield
The rental yields in Regional WA are far higher compared to those in Greater Perth. According to Cotality, Regional WA has seen a 15.5% rise in house values. This could explain why the median rental values and rental yield percentages are as high as they are.
Other factors that could have played a role are relatively lower property values, making it easier for property investors to get a higher return on investment, the potentially higher demand for certain properties, and less competition compared to larger metropolitan areas.
Highest house rental yield suburbs in Regional Western Australia
| Suburb | Region | Rental Yield | Median Rental Value |
|---|---|---|---|
| Newman | WA - Outback (North) | 12.6% | $826 |
| Kambalda East | WA - Outback (South) | 12.2% | $406 |
| South Hedland | WA - Outback (North) | 11.3% | $1,065 |
| Kambalda West | WA - Outback (South) | 10.8% | $439 |
| Pegs Creek | WA - Outback (North) | 10.8% | $1,241 |
| Millars Well | WA - Outback (North) | 10.8% | $1,305 |
| Bulgarra | WA - Outback (North) | 10.6% | $1,206 |
| Baynton | WA - Outback (North) | 10.6% | $1,575 |
| Nickol | WA - Outback (North) | 10.5% | $1,347 |
| South Boulder | WA - Outback (South) | 10.3% | $590 |
Source: Cotality Best of the Best 2025
Outback (North) dominates the highest house rental yield list, with almost all of the suburbs coming from that region. Newman has the highest rental yield at 12.6%, with Kambalda East close behind at 12.2%. The lowest rental yield percentage is in South Boulder at 10.3%, but it’s still considered an excellent rental yield.
In Regional WA, there’s a bigger disparity between median rental values. The lowest is in Kambalda East at $406, and the highest is in Baynton at $1,575; that’s a $1,169 difference. If you’re a property investor, you must pay close attention to these details as they may provide important context about the suburbs.
Highest unit rental yield suburbs in Regional Western Australia
| Suburb | Region | Rental Yield | Median Rental Value |
|---|---|---|---|
| South Hedland | WA - Outback (North) | 17.8% | $876 |
| Newman | WA - Outback (North) | 14.3% | $671 |
| Pegs Creek | WA - Outback (North) | 13.2% | $1,160 |
| Cable Beach | WA - Outback (North) | 12.5% | $905 |
| Broome | WA - Outback (North) | 11.8% | $900 |
| Port Hedland | WA - Outback (North) | 10.3% | $912 |
| Withers | Bunbury | 9.2% | $501 |
| South Bunbury | Bunbury | 5.5% | $544 |
| Bunbury | Bunbury | 5.4% | $562 |
Source: Cotality Best of the Best 2025
When it comes to rental units, the suburbs with the highest yield can be found in Outback (North) and Bunbury. Median rental values of units in Regional WA vary, with significant differences between suburbs. The considerable distinctions in rental yield percentages and median rental values could make it more difficult for investors to choose the right suburb.
It’s interesting to note that the Bunbury region makes up for the bottom half of the list with rental yield percentages of 5.4% to 9.2%. Meanwhile, Outback (North) suburbs have significantly higher rental yields of between 10.3% to 17.8%.
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