Northern Territory suburbs top a list of the best places to be a landlord, according to rental yield and vacancy rate figures by DSRscore.com.au.
DSR Score October data showed that apartments in the Darwin CBD currently attract the highest rental returns of any area where the median property price is below $500,000 and where the vacancy rate is below 2%.
Suburbs with a vacancy rate below 2% are considered to be attractive destinations for property investors because they have a shortage of rental accommodation.
The average rental yield of a Darwin apartment was 8.5%.
DSR Score figures indicated that houses in Northern Territory community Katherine had the second highest average rental yield figures at 8.06%.
Such figures normally suggest that an average rental property will attract rents that exceed the average mortgage repayments on a property.
Other areas with high rental yields – coupled with a low supply of listed properties, low vacancy rates and a favourable proportion of renters to homeowners – included Rockingham and Safety Bay, both in Western Australia.
Source: DSRScore.com.au
