Rankings
Best Rental Yield suburbs in VIC Under $1m
Start here if you want to find suburbs where rent looks stronger relative to the purchase price.
Use these rankings to discover investor-friendly markets faster, then open suburb research pages when a postcode earns a closer look.
These rankings use postcode-level market data and link you through to suburb research pages inside each local market.
Explore this ranking
Tighten the list by lens, location, budget, or dwelling type to compare different investment angles.
Updated 13 May 2026. Next refresh publishes after the current scrape cycle completes.
Ranked postcodes
Compare postcode-backed rental yield markets on price, growth, and weekly rent so you can see where stronger cash flow might come from.
| Rank | Postcode | Region | Median Price | Growth | Median Rent | Yield | Calculator |
|---|---|---|---|---|---|---|---|
| 1 | Melbourne - Inner | $448,000 | -2.9% | $700/wk | 8.1% | ||
| 2 | Melbourne - Inner | $535,000 | -2.1% | $750/wk | 7.3% | ||
| 3 | South Australia - South East | $280,000 | 28.7% | $383/wk | 7.1% | ||
| 4 | North West | $265,000 | -3.5% | $340/wk | 6.7% | ||
| 5 | North West | $322,500 | -4.4% | $400/wk | 6.4% | ||
| 6 | Melbourne - Inner | $600,000 | -5.6% | $740/wk | 6.4% | ||
| 7 | Melbourne - Inner | $496,000 | -1.7% | $600/wk | 6.3% | ||
| 8 | North West | $369,500 | 13.4% | $440/wk | 6.2% | ||
| 9 | Melbourne - Inner | $650,000 | 2.4% | $730/wk | 5.8% | ||
| 10 | Melbourne - Inner | $617,500 | 13.8% | $675/wk | 5.7% | ||
| 11 | Latrobe - Gippsland | $477,500 | 6.8% | $510/wk | 5.6% | ||
| 12 | Warrnambool and South West | $492,000 | 19.2% | $525/wk | 5.5% | ||
| 13 | Hume | $461,000 | 5.9% | $490/wk | 5.5% | ||
| 14 | Latrobe - Gippsland | $380,000 | 0.0% | $403/wk | 5.5% | ||
| 15 | Melbourne - Inner | $701,500 | -0.9% | $740/wk | 5.5% | ||
| 16 | Shepparton | $447,000 | 9.3% | $470/wk | 5.5% | ||
| 17 | Warrnambool and South West | $430,000 | -0.0% | $450/wk | 5.4% | ||
| 18 | Latrobe - Gippsland | $404,250 | 10.8% | $420/wk | 5.4% | ||
| 19 | Melbourne - Inner | $580,000 | 2.0% | $600/wk | 5.4% | ||
| 20 | Melbourne - Inner | $655,000 | -1.8% | $675/wk | 5.4% | ||
| 21 | Shepparton | $440,000 | 18.6% | $450/wk | 5.3% | ||
| 22 | Latrobe - Gippsland | $540,000 | N/A | $550/wk | 5.3% | ||
| 23 | Latrobe - Gippsland | $447,000 | 16.5% | $450/wk | 5.2% | ||
| 24 | Shepparton | $500,000 | 6.6% | $495/wk | 5.1% | ||
| 25 | North West | $420,000 | 15.8% | $410/wk | 5.1% |
Methodology
Growth compares the typical sale price over the past year with the year before, using the current dwelling scope. We only show it when there is enough sales evidence for both periods.
Data sources: Rentvest listing data aggregated from sold and rental market feeds. Update anchors reflect the latest listing dates included in the current ranking page.
Take the next step
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Or keep exploring nearby ranking views above before you commit a postcode to the calculator.
Start with postcode 3000