The 40 highest-yielding Victoria suburbs in our data, ranked by estimated gross rental yield from government price and rent records. Use it as a first-pass research shortlist, then verify current listings and local risks before deciding.
Ranked by gross rental yield (annual rent ÷ median price) from public datasets. A high yield can reflect lower capital growth, higher vacancy or a small sample — confirm rent, price, property type and tenant demand before deciding.
| Rank | Suburb | Gross yield | Median price | Weekly rent | Research links |
|---|---|---|---|---|---|
| 1 | Nhill VIC | 6.48% | $203,000 | $253/wk | |
| 2 | Warracknabeal VIC | 5.76% | $205,000 | $227/wk | |
| 3 | Maffra VIC | 5.67% | $412,500 | $450/wk | |
| 4 | Morwell VIC | 5.57% | $355,000 | $380/wk | |
| 5 | Bairnsdale VIC | 5.56% | $430,000 | $460/wk | |
| 6 | Portland VIC | 5.49% | $397,500 | $420/wk | |
| 7 | Ouyen VIC | 5.43% | $200,000 | $209/wk | |
| 8 | Horsham VIC | 5.34% | $379,500 | $390/wk | |
| 9 | Benalla VIC | 5.11% | $457,500 | $450/wk | |
| 10 | Shepparton VIC | 5.03% | $476,000 | $460/wk | |
| 11 | Cranbourne South VIC | 4.97% | $700,000 | $669/wk | |
| 12 | Hamilton VIC | 4.95% | $389,000 | $370/wk | |
| 13 | Ararat VIC | 4.82% | $341,000 | $316/wk | |
| 14 | Sebastopol VIC | 4.81% | $465,000 | $430/wk | |
| 15 | Sale VIC | 4.80% | $488,000 | $450/wk | |
| 16 | Curlewis VIC | 4.76% | $630,000 | $577/wk | |
| 17 | Moe VIC | 4.68% | $433,000 | $390/wk | |
| 18 | Thornhill Park VIC | 4.68% | $600,700 | $541/wk | |
| 19 | Swan Hill VIC | 4.66% | $480,300 | $430/wk | |
| 20 | Kalkallo VIC | 4.65% | $637,500 | $570/wk | |
| 21 | Mildura VIC | 4.61% | $518,500 | $460/wk | |
| 22 | Weir Views VIC | 4.61% | $565,000 | $501/wk | |
| 23 | Donnybrook VIC | 4.60% | $645,000 | $571/wk | |
| 24 | Fraser Rise VIC | 4.59% | $695,000 | $614/wk | |
| 25 | Melton VIC | 4.59% | $510,000 | $450/wk | |
| 26 | Seymour VIC | 4.56% | $467,500 | $410/wk | |
| 27 | Beveridge VIC | 4.56% | $650,000 | $570/wk | |
| 28 | Wendouree VIC | 4.56% | $502,000 | $440/wk | |
| 29 | Cobblebank VIC | 4.55% | $602,500 | $527/wk | |
| 30 | Winter Valley VIC | 4.54% | $565,000 | $493/wk | |
| 31 | East Bairnsdale VIC | 4.53% | $362,500 | $316/wk | |
| 32 | Golden Square VIC | 4.49% | $550,000 | $475/wk | |
| 33 | Traralgon VIC | 4.48% | $522,500 | $450/wk | |
| 34 | North Bendigo VIC | 4.46% | $560,000 | $480/wk | |
| 35 | Kangaroo Flat VIC | 4.45% | $555,000 | $475/wk | |
| 36 | Strathtulloh VIC | 4.43% | $635,000 | $541/wk | |
| 37 | Dimboola VIC | 4.43% | $252,500 | $215/wk | |
| 38 | Warragul VIC | 4.40% | $650,000 | $550/wk | |
| 39 | Brookfield VIC | 4.39% | $590,000 | $498/wk | |
| 40 | Harkness VIC | 4.39% | $590,000 | $498/wk |
Based on gross rental yield, the top Victoria candidates this list surfaces include Nhill, Warracknabeal, Maffra. Yield is one signal only — verify price, rent, vacancy and local risks before buying.
Suburbs are ranked by estimated gross rental yield (annual rent ÷ median price) from public price and rent datasets, filtered to plausible price and yield ranges to exclude stale-data outliers.
Not on its own. High yield can reflect lower capital-growth areas, higher vacancy or thin sample sizes. Treat this as a research shortlist and confirm with current listings and a qualified adviser.
Check vacancy, local employment, property condition, insurance, flood exposure and tenant demand before relying on a yield figure.
Take a promising Victoria suburb into the calculator to model repayments, rent and holding-cost assumptions.