Calculate gross and net rental yield on any Australian investment property. Compare yields across suburbs, factor in expenses, and see if your property stacks up.
Updated October 2026Built and checked by MaverickHow it's calculatedReport an error
Net yield
2.24%
Below a term deposit
Gross yield
3.81%
Before costs
Net annual income
$17,575
Annual costs
$9,925
Inc. $1,925 mgmt
The term deposit rate is the banks' 1-year rate from the RBA. Net yield is before tax and any capital growth or loss, and before loan interest.
What you actually keep vs what's eaten by vacancy, fees, and other costs.
Even small rent changes can move yield meaningfully. Use this to test market scenarios before buying.
Rental yield is a property's rent as a share of what it cost. Gross yield uses the full year's rent and the price, so it's a quick way to compare properties; net yield takes off vacancies, management fees and the property's running costs, and divides by the price plus purchase costs, so it shows the income return you actually get. Neither includes loan interest, tax or capital growth. This calculator works out both and sets the net yield against the banks' 1-year term deposit rate from the RBA.
The average new owner-occupier home loan was $842,000 in NSW and $664,000 in Victoria in the June quarter 2026, from the ABS. A two-bedroom unit on a new lease in NSW rents for a typical $785 a week.
2-bed apartment, $650,000, renting at $580 a week with $12,000 a year of expenses and 2 weeks vacant.
Gross yield: 4.64%. After 2 weeks' vacancy and $12,000 of expenses, $17,000 is left, a 2.62% net yield - below the banks' 1-year term deposit rate and before any loan interest.
3-bed house, $380,000, renting at $420 a week with $6,000 a year of expenses and 2 weeks vacant.
Gross yield: 5.75%. After vacancy and expenses, $15,000 is left, a 3.95% net yield. Check local vacancy rates and rents before relying on the figure.