Calculate your property investment returns in seconds. Free, fast, and accurate for Australian investors.
The rental yield calculator is the most important tool every property investor needs. Our free rental yield calculator helps you instantly determine both gross and net rental yield on any investment property in Australia. Whether you are evaluating a house in Sydney, a unit in Melbourne, or a holiday rental in Queensland, this rental yield calculator gives you accurate yield percentages, annual cash flow projections, and side-by-side comparisons — all completely free with no sign-up required.
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Calculate the basic rental yield without considering expenses
Total amount paid for the property
Rental yield is a key metric for property investors that measures the return on investment from rental income. It's expressed as a percentage and helps you compare different investment properties. Understanding how to calculate rental yield is essential before purchasing any investment property in Australia.
A simple calculation that shows your annual rental income as a percentage of the property price. It doesn't account for expenses and is useful for quick comparisons.
Formula: (Annual Rent ÷ Property Price) × 100
A more accurate measure that includes all expenses like council rates, insurance, maintenance, property management fees, and vacancy costs. Net yield gives investors a realistic picture of their true returns.
Formula: ((Annual Rent − Expenses) ÷ Property Price) × 100
The following table shows average rental yield ranges across major Australian cities. Data sourced from CoreLogic Australia and Australian Bureau of Statistics.
| City | Avg. House Yield | Avg. Unit Yield | Rating |
|---|---|---|---|
| Sydney | 2.5% – 3.2% | 3.5% – 4.2% | Below Average |
| Melbourne | 2.8% – 3.5% | 4.0% – 4.8% | Average |
| Brisbane | 3.8% – 4.5% | 5.0% – 5.8% | Good |
| Perth | 4.0% – 4.8% | 5.2% – 6.0% | Good |
| Adelaide | 3.5% – 4.2% | 4.8% – 5.5% | Good |
| Hobart | 3.8% – 4.5% | 4.5% – 5.2% | Good |
| Darwin | 5.5% – 6.5% | 6.0% – 7.5% | Excellent |
| Regional Areas | 5.0% – 8.0% | 5.5% – 9.0% | Excellent |
Generally, a rental yield below 3% is considered poor, 3–5% is average (typical for Sydney and Melbourne), 5–7% is a good solid investment, and above 7% is excellent. Use our rental yield calculator above to see where your property sits.
Watch this quick tutorial on using the rental yield formula for your property investment analysis.