The 67 capital city suburbs with rental yields above 6%

10 hours ago 2

With both affordable property prices and high rental yields, these suburbs of Australia's largest cities will be on the radar for investors seeking strong cashflow.Suburbs with high rental yields are back in the spotlight for property investors, who have pivoted to high-cashflow properties following this year’s federal budget in May.Changes to the capital gains tax discount and the abolishment of negative gearing for established homes have caused a reduction in investor demand, but not all investors are fleeing the market.Many have switched focus to properties and areas with higher rental returns, with the end of negative gearing making it less attractive to hold a loss-making investment while waiting for long-term capital growth.Jump ahead to see the top suburbs for rental yields in:Melbourne Sydney Perth Canberra Darwin Previously, investors whose expenses exceeded rental income, resulting in a loss, could deduct that loss from other income, such as wages. Starting from July next year, that tax break will be limited to new homes only.The other major budget change was the abolishment of capital gains discount that investors could claim if they held a property for more than 12 mont...

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