Home Loan Repayment

RP Data has revealed the 10 highest yielding suburbs for houses across Australia, with Western Australia dominating the list with six suburbs.

The study used an automated valuation model (AVM) to come up with the list which Miles topped with an AVM rental yield of 9.8%

Miles is a town that’s 340-kilometres town of Brisbane with a population of 1,856 and a growing number of LNG projects.

Earning second spot was Newman in the Pilbara region of Western Australia, with a 9.8% yield.

Further Pilbara region suburbs included South Hedland, Port Hedland and Baynton. 

The full ranking from RP Data is as follows:

1. Miles, Queensland: 9.8%
2. Newman, WA: 9.8%
3. Kambalda East, WA: 8.9%
4. Queenstown, Tasmania: 8.5%
5. Broken Hill, NSW: 8.5%
6. South Hedland, WA: 8.4%
7. Port Hedland, WA: 8.0%
8. Kambalda West, WA: 8.0%
9. Baynton, WA: 8.0%
10. Cloncurry, Queensland: 7.9% 

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan