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Rental yield calculator
Compare gross and net rental yield for any Australian property. Net yield deducts vacancy, property management, and recurring costs — the figure most banks use for serviceability.
What you'd pay today.
Asking rent. Vacancy + management taken off below.
For your records / suburb-segmented yield.
National average ~2% (~1 week/year). Tighter rentals: 1%; higher-vacancy markets: 4–6%.
Typical 6–8% incl. letting + admin fees.
Council rates + water + insurance + strata + maintenance. Defaults to ~1% of value.
Net yield: 2.72%
Gross rental yield
4.09%
Annual rent $28,600 ÷ price $700,000.
Net rental yield
2.72%
Gross less vacancy, management, and recurring costs.
Effective annual income
$19,066
Roughly $1,589 / month before loan repayments.
Vacancy + management drag
$2,534
2% vacancy plus 7% PM commission combined.
Loan-aware overlay
Match this yield to a real investment loan
A 4.09% gross yield only matters if the loan rate is lower. See today’s sharpest investor rates and run the full 30-year cashflow against your specific property.
How rental yield is calculated
Gross yield= (weekly rent × 52) ÷ price × 100. It’s the headline rental return, before any costs come out. Useful for quickly comparing suburbs or property types — a 6% gross yield beats a 3% gross yield even if the cost structure differs.
Net yielddeducts vacancy (the % of weeks the property sits empty) and property management commission (typically 6–8% of rent collected) and recurring costs (rates, water, insurance, strata, maintenance). What’s left is the actual cash you receive — before loan interest.
Lenders run their serviceability assessment using a shaded version of net yield (typically 70–80% of gross rent) plus a stress-tested interest rate. So the rental yield you compute here is roughly what hits your bank account; what the lender accepts toward repaying the loan is lower.
For the full 30-year picture including loan amortisation, Div 43 depreciation, and after-tax cashflow, use the property cashflow calculator.
Want a real number, not a ballpark?
These figures are estimates. A 30-min broker consult will run your specific scenario against the actual lender policies — no fees, no obligation.
Important: This calculator provides an estimate only and does not constitute credit advice. Actual rates, repayments, fees and approval are subject to lender policy and your individual circumstances. Comparison rates are based on a $150,000 loan over 25 years on a secured basis — see footer for the full disclaimer.