Exploring Rental Yields in Toowoomba
Exploring Rental Yields in Toowoomba Suburbs and Surrounding Towns
Rental yield is a measure of the annual rental income as a percentage of the property's value. It helps investors determine the potential return on investment. A higher rental yield indicates a more profitable investment.
Understanding the rental yields across different suburbs and property types can significantly enhance your investment strategy. While higher rental yields indicate better returns, it's also crucial to consider factors such as property maintenance costs, market trends, and long-term capital growth.
The graph below is published by Core Logic in May 2024. It shows the gross median rental yield and median sales price across Toowoomba and surrounding areas. Note if there is not a mention of units in a suburb, they don’t have enough data ie not enough rental units in that suburb to be able to supply accurate information.
Keys points from the data:
**High Rental Yields:** Suburbs like Harlaxton, Harristown, Kearneys Spring, Newtown, and Rockville exhibit high rental yields for units, reaching up to 6%.
**Moderate Rental Yields:** The majority of suburbs have moderate rental yields ranging from 4% to 5% for both houses and units.
**Lower Rental Yields:** East Toowoomba shows a slightly lower rental yield for houses at 3%, which is indicative of higher property values or other market factors.
Please contact us for more information on the rental yield on your property and how you can calculate an accurate yield based on your financial information.
At McAdam and Turnbull Realty we are dedicated to helping investors get the best from their rental property. Afterall, you didn’t buy it to have it sitting around not earning it’s keep or keeping you awake at night worrying about it. Quality property management matters and that is what we provide our investors in Toowoomba and surrounds.
Contact us for a chat or reach out via our website or socials. We are always happy to chat about real estate.
| Suburb | Type | Median Sale Price | Median Rental Yield |
| Last 12 months | last 12 months | ||
| Cambooya | House | $510,000 | 4% |
| Centenary Heights | House | $570,000 | 4% |
| Centenary Heights | Unit | $455,000 | 5% |
| City | House | $562,500 | 4% |
| City | Unit | $360,000 | 5% |
| Cranley | House | $555,000 | 5% |
| Cranley | Unit | $420,000 | 5% |
| Darling Heights | House | $542,000 | 4% |
| Darling Heights | Unit | $367,500 | 5% |
| Drayton | House | $550,000 | 4% |
| East Toowoomba | House | $815,500 | 3% |
| East Toowoomba | Unit | $415,000 | 5% |
| Glenvale | House | $530,000 | 5% |
| Glenvale | Unit | $415,000 | 5% |
| Harlaxton | House | $455,000 | 5% |
| Harlaxton | Unit | $320,000 | 6% |
| Harristown | House | $496,500 | 5% |
| Harristown | Unit | $305,000 | 6% |
| Highfields | House | $790,000 | 4% |
| Kearneys Spring | House | $615,500 | 4% |
| Kearneys Spring | Unit | $362,000 | 6% |
| Kleinton | House | $806,000 | 4% |
| Meringandan West | House | $682,500 | 4% |
| Middle Ridge | House | $827,500 | 4% |
| Middle Ridge | Unit | $460,000 | 5% |
| Mount Lofty | House | $696,000 | 4% |
| Mount Lofty | Unit | $371,000 | 5% |
| Newtown | House | $636,000 | 4% |
| Newtown | House | $485,000 | 5% |
| Newtown | Unit | $335,000 | 6% |
| Oakey | House | $384,000 | 5% |
| Rangeville | House | $685,000 | 4% |
| Rangeville | Unit | $475,000 | 4% |
| Rockville | House | $422,500 | 5% |
| Rockville | Unit | $280,000 | 6% |
| Westbrook | House | $727,000 | 4% |
| Wilsonton | House | $465,000 | 6% |
| Wilsonton | Unit | $342,500 | 5% |
| Wilsonton Heights | House | $465,000 | 5% |
| Wyreema | House | $527,500 | 5% |