Rental Yield Calculator Australia
Enter weekly rent, vacant weeks and yearly costs to get gross and net rental yield for an Australian property.
Free · runs in your browser · nothing is uploaded
How to use the rental yield calculator
- Enter the Purchase price you would pay for the property.
- Enter Purchase costs (notary, taxes, fees). The tool applies no state stamp duty or land tax rates, so enter the figure you worked out with your state’s official source or your conveyancer.
- Enter the Rent per week you expect to collect.
- Enter Vacant weeks per year. The tool takes these weeks off the rent.
- Enter Council and water rates per year.
- Enter Insurance per year.
- Enter Management fee (% of rent). The tool applies it to the rent you collect.
- Enter Repairs and maintenance per year and Other costs per year.
- Read the gross and net yield in the headline, then the net income per week. The headline is the first figure to check after each change.
The results update live as you type. The starting figures are examples, not market data. Reset to examples puts them back, Copy summary and Download CSV save the numbers, and Print or save as PDF prints the page. The page address holds your inputs, so a link to it recreates the same result. Change one input at a time to see which figure moves the yield most.
Change one input at a time to see which result moves. The address bar keeps your inputs, so you can bookmark or share a scenario. Reset to examples restores the example values.
How do you calculate rental yield in Australia?
Rental yield is the annual rent as a percentage of the price. The calculator shows two versions. Gross yield is the weekly rent times 52, divided by the purchase price. Net yield is the rent you collect minus running costs, divided by the purchase price plus purchase costs. In symbols: gross yield = (weekly rent × 52) ÷ price, and net yield = (rent collected − running costs) ÷ (price + purchase costs).
Worked example with the example figures:
- Gross: A$650 × 52 = A$33,800, and A$33,800 ÷ A$750,000 = 4.51%.
- Rent collected: A$650 × (52 − 2) = A$32,500, because 2 vacant weeks are removed.
- Running costs: A$2,800 council and water + A$1,500 insurance + 7% of A$32,500 management (A$2,275) + A$1,500 repairs + A$0 other = A$8,075.
- Net income: A$32,500 − A$8,075 = A$24,425 a year, about A$470 a week.
- Net yield: A$24,425 ÷ A$750,000 = 3.26%.
What is the difference between gross and net rental yield?
Gross yield counts only the rent, before any cost. Net yield deducts the costs of holding the property and adds purchase costs to the price. Gross yield is quick for a first look at listings. Net yield is closer to the income the property produces.
At the example figures, the gap from 4.51% to 3.26% has two parts. Vacant weeks take off about 0.17 points (A$1,300 ÷ A$750,000). Running costs take off about 1.08 points (A$8,075 ÷ A$750,000). Together they account for the 1.25 points between the two results.
What is a good rental yield?
The calculator gives no benchmark, and a good yield depends on the city and the type of property. A yield that looks high in one area may reflect higher risk or older stock, and a lower one may suit a different strategy. Compare like with like: the same measure, for similar properties in the same area. Local agents, valuers and your lender can show what they use.
Yield at other weekly rents
Each A$50 change in weekly rent moves the example result by about 0.35 points of gross yield and about 0.31 points of net yield. The management fee takes a share of the extra rent, so net yield moves less. The table below holds the price and costs fixed.
| Rent per week | Gross yield | Net yield |
|---|---|---|
| A$550 | 3.81% | 2.64% |
| A$600 | 4.16% | 2.95% |
| A$650 | 4.51% | 3.26% |
| A$700 | 4.85% | 3.57% |
| A$750 | 5.20% | 3.88% |
What does the rental yield calculator leave out?
The tool covers rent, vacancy, running costs and the price with purchase costs. It leaves out state stamp duty, land tax and loan costs, which differ by state. Enter them in Purchase costs if you want them counted. It does not model rent rises, price growth, loan interest or income tax. Yield is therefore before tax and before financing. The result is an estimate, not financial advice. Check the figures with your own quotes and a qualified adviser.
Frequently asked questions
How do you calculate rental yield in Australia?
Multiply the weekly rent by 52 and divide by the purchase price for gross yield. For net yield, deduct running costs from the rent you collect, then divide by the price plus purchase costs. The calculator runs both steps as you type.
What is a good rental yield?
It depends on the city and the property type, and the calculator sets no benchmark. Compare the same measure for similar properties in the same area.
What is the difference between gross and net rental yield?
Gross yield uses the full rent before costs. Net yield deducts vacancy, rates, insurance, management, repairs and other costs, and adds purchase costs to the price. At the example figures, gross is 4.51% and net is 3.26%.
Does rental yield include stamp duty?
Only if you enter it. Stamp duty and land tax differ by state, and the calculator applies no state rates. Add your own figure to Purchase costs.
Does rental yield show my tax?
No. Yield is before tax. To see how a rental loss affects tax, use the negative gearing calculator linked below, and check your own position with a registered tax agent.
Is a high rental yield always better?
No. A higher yield can reflect higher risk or older stock, so a high figure does not settle the choice on its own. Compare like with like: the same measure for similar properties in the same area.
How much vacancy should I allow?
Enter the weeks you expect to be empty in Vacant weeks per year. Each vacant week takes one week’s rent off the total: at the example rent of A$650, two weeks remove A$1,300, about 0.17 points of net yield. Change the figure to see how a longer vacancy lowers the result.
Does net rental yield include mortgage interest?
No. The calculator’s net yield is before financing, so loan interest is not part of it. The tool does not model loan costs either, but you can enter them in Purchase costs if you want them counted.
Related tools
- negative gearing calculator: use it to see the tax effect of a rental loss.
- rental property calculator: use it to project the property over several years.
- cap rate calculator: use it to measure the return on net operating income.
- gross rent multiplier calculator: use it to express the price as a multiple of annual rent.
- UK rental yield calculator: use it for the UK version with monthly rent.
- DSCR calculator: to see whether the income covers the loan payments.