Rental Yield Summary
| Property Type | Median Price | Weekly Rent | Gross Yield | Net Yield (est) |
|---|---|---|---|---|
| Houses | $472,250 | $384/wk | 4.2% | 2.4% |
| Units | $261,100 | $260/wk | 5.2% | 3.7% |
Gross vs Net: The Real Numbers
Gross yield is what most headlines quote. Net yield is what you actually keep after costs.
Annual costs that eat your yield:
- Council rates: $1700/year
- Insurance (landlord): $1,200-1,800/year
- Property management (7-8%): $1,497/year
- Maintenance allowance (1%): $4,722/year
- Vacancy (2-4 weeks/year): $1,152/year
Net annual income (house): $9,095 Net yield: 2.4%
Vacancy Rate
Current vacancy: 1.2%
Tight market – tenants compete for properties. Expect minimal vacancy between tenants.
How Altona Compares
| Suburb | House Yield | Unit Yield |
|---|---|---|
| Altona | 4.2% | 5.2% |
| Melbourne average | 3.2% | 4.1% |
| Box Hill | 3.0% | 4.4% |
Solid middle-ring returns that balance yield with capital growth potential.
Cash Flow Analysis
At current rates (6.2% variable), interest-only on 80% LVR:
- Annual interest: $23,423
- Annual rent: $19,968
- Cash flow position: Negative gearing of -${int(med_h * 0.8 * 0.062 - rent_h * 52 + med_h * 0.01 + 2000):,}/year (tax deductible)
For full investment analysis, see our Altona investment guide.
Yield calculations based on REIV median prices and Domain/realestate.com.au rental listings for Q1 2026.
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