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 | Broadmeadows VIC | 4.32% | $620,000 | $515/wk | |
| 2 | Werribee VIC | 3.98% | $641,000 | $490/wk | |
| 3 | Roxburgh Park VIC | 3.92% | $683,000 | $515/wk | |
| 4 | Heidelberg West VIC | 3.92% | $750,000 | $565/wk | |
| 5 | Craigieburn VIC | 3.86% | $700,000 | $520/wk | |
| 6 | Hoppers Crossing VIC | 3.86% | $660,000 | $490/wk | |
| 7 | Epping VIC | 3.81% | $723,000 | $530/wk | |
| 8 | Carrum Downs VIC | 3.76% | $775,000 | $560/wk | |
| 9 | Gladstone Park VIC | 3.66% | $752,000 | $530/wk | |
| 10 | Deer Park VIC | 3.59% | $680,000 | $470/wk | |
| 11 | St Albans VIC | 3.59% | $680,000 | $470/wk | |
| 12 | Dandenong VIC | 3.58% | $755,000 | $520/wk | |
| 13 | Croydon VIC | 3.54% | $882,500 | $600/wk | |
| 14 | Frankston VIC | 3.53% | $810,000 | $550/wk | |
| 15 | Lalor VIC | 3.53% | $737,500 | $500/wk | |
| 16 | Dandenong North VIC | 3.49% | $790,000 | $530/wk | |
| 17 | Ferntree Gully VIC | 3.48% | $897,100 | $600/wk | |
| 18 | Sydenham VIC | 3.46% | $750,500 | $500/wk | |
| 19 | Tullamarine VIC | 3.45% | $800,000 | $530/wk | |
| 20 | Thomastown VIC | 3.44% | $755,000 | $500/wk | |
| 21 | Fawkner VIC | 3.44% | $801,000 | $530/wk | |
| 22 | Boronia VIC | 3.38% | $860,900 | $560/wk | |
| 23 | Bundoora VIC | 3.36% | $866,400 | $560/wk | |
| 24 | Glenroy VIC | 3.34% | $825,000 | $530/wk | |
| 25 | Mill Park VIC | 3.32% | $830,000 | $530/wk | |
| 26 | Seaford VIC | 3.31% | $880,000 | $560/wk | |
| 27 | Noble Park VIC | 3.30% | $820,000 | $520/wk | |
| 28 | Mulgrave VIC | 3.29% | $1,098,500 | $695/wk | |
| 29 | Kalkallo VIC | 3.26% | $637,500 | $400/wk | |
| 30 | Lilydale VIC | 3.26% | $957,500 | $600/wk | |
| 31 | Donnybrook VIC | 3.23% | $645,000 | $401/wk | |
| 32 | Scoresby VIC | 3.22% | $1,000,000 | $620/wk | |
| 33 | Bayswater VIC | 3.21% | $891,700 | $550/wk | |
| 34 | Hurstbridge VIC | 3.20% | $910,000 | $560/wk | |
| 35 | Springvale VIC | 3.18% | $931,500 | $570/wk | |
| 36 | Burnley VIC | 3.18% | $1,105,000 | $675/wk | |
| 37 | Mambourin VIC | 3.11% | $607,500 | $363/wk | |
| 38 | Footscray VIC | 3.10% | $880,000 | $525/wk | |
| 39 | Keilor VIC | 3.10% | $1,090,000 | $650/wk | |
| 40 | Sunshine VIC | 3.03% | $823,000 | $480/wk |
This list ranks Melbourne suburbs by estimated gross rental yield from public price and rent data; the top candidates include Broadmeadows, Werribee, Roxburgh Park. 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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