The 40 highest-yielding Melbourne suburbs in our data, ranked by estimated gross rental yield. Use as a research shortlist — verify current listings and local risks before deciding.
Ranked from public price and rent data. A high yield can reflect lower capital growth, higher vacancy or a small sample — confirm rent, price, property type and demand before deciding.
| Rank | Suburb | Gross yield | Median price | Weekly rent | Research links |
|---|---|---|---|---|---|
| 1 | Kalkallo VIC | 4.65% | $637,500 | $570/wk | |
| 2 | Donnybrook VIC | 4.60% | $645,000 | $571/wk | |
| 3 | Broadmeadows VIC | 4.32% | $620,000 | $515/wk | |
| 4 | Truganina VIC | 4.30% | $670,800 | $555/wk | |
| 5 | Wyndham Vale VIC | 4.30% | $590,000 | $488/wk | |
| 6 | Dallas VIC | 4.26% | $561,000 | $460/wk | |
| 7 | Mickleham VIC | 4.23% | $700,000 | $570/wk | |
| 8 | Tarneit VIC | 4.23% | $665,000 | $541/wk | |
| 9 | Coolaroo VIC | 4.13% | $601,300 | $477/wk | |
| 10 | Manor Lakes VIC | 4.10% | $650,000 | $513/wk | |
| 11 | Laverton VIC | 4.04% | $605,000 | $470/wk | |
| 12 | Werribee VIC | 3.98% | $641,000 | $490/wk | |
| 13 | Caroline Springs VIC | 3.95% | $750,000 | $570/wk | |
| 14 | Roxburgh Park VIC | 3.92% | $683,000 | $515/wk | |
| 15 | Heidelberg West VIC | 3.92% | $750,000 | $565/wk | |
| 16 | Belgrave VIC | 3.91% | $760,000 | $571/wk | |
| 17 | Burnside Heights VIC | 3.90% | $780,000 | $585/wk | |
| 18 | Craigieburn VIC | 3.86% | $700,000 | $520/wk | |
| 19 | Hoppers Crossing VIC | 3.86% | $660,000 | $490/wk | |
| 20 | Meadow Heights VIC | 3.83% | $670,000 | $493/wk | |
| 21 | Epping VIC | 3.81% | $723,000 | $530/wk | |
| 22 | Doveton VIC | 3.76% | $630,000 | $456/wk | |
| 23 | Delahey VIC | 3.76% | $689,000 | $498/wk | |
| 24 | Carrum Downs VIC | 3.76% | $775,000 | $560/wk | |
| 25 | Burnside VIC | 3.72% | $797,500 | $570/wk | |
| 26 | Point Cook VIC | 3.71% | $800,000 | $570/wk | |
| 27 | Williams Landing VIC | 3.70% | $840,000 | $598/wk | |
| 28 | Albanvale VIC | 3.70% | $650,500 | $463/wk | |
| 29 | Derrimut VIC | 3.67% | $807,000 | $570/wk | |
| 30 | Launching Place VIC | 3.67% | $706,300 | $498/wk | |
| 31 | Gladstone Park VIC | 3.66% | $752,000 | $530/wk | |
| 32 | Keilor Park VIC | 3.65% | $795,000 | $558/wk | |
| 33 | Kings Park VIC | 3.64% | $652,500 | $457/wk | |
| 34 | Greenvale VIC | 3.61% | $882,500 | $612/wk | |
| 35 | Westmeadows VIC | 3.60% | $740,000 | $513/wk | |
| 36 | Sunshine West VIC | 3.60% | $712,500 | $493/wk | |
| 37 | Deer Park VIC | 3.59% | $680,000 | $470/wk | |
| 38 | St Albans VIC | 3.59% | $680,000 | $470/wk | |
| 39 | Seabrook VIC | 3.59% | $745,000 | $514/wk | |
| 40 | Dandenong VIC | 3.58% | $755,000 | $520/wk |
This list ranks Melbourne suburbs by estimated gross rental yield from public price and rent data; the top candidates include Kalkallo, Donnybrook, Broadmeadows. Verify current figures and local risks before relying on any result.
Suburbs are core-metro Melbourne areas, ranked by gross rental yield (annual rent ÷ median price), plausibility-filtered to exclude stale outliers.
Not on its own — yield can reflect lower capital growth, higher vacancy or thin samples. Treat this as a shortlist and confirm with current listings and a qualified adviser.
Check vacancy, local employment, property condition, insurance and tenant demand before relying on any figure.
Take a promising Melbourne suburb into the calculator to model repayments, rent and holding costs.
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