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Rental Yield Calculator (Australia)
Rental yield tells you how hard a property works for its price. Enter the price, rent and running costs to see the gross yield, the net yield after costs, and what is left each week once the loan is paid.
Rental Yield Calculator (Australia)
Work out the gross and net rental yield on an investment property, the weekly cash flow after your loan, and the rent you need to break even.
Inputs
Annual costs
Loan (optional)
Results
Gross rental yield
Annual rent / price
4.40%
Net rental yield
After vacancy and costs, before loan
3.10%
Rent collected
After vacancy
$28,028
Operating expenses
28.0% of rent collected
$7,858
Net operating income
$20,170
Break-even weekly rent
Covers costs
$121
Weekly rent needed for a target gross yield
- 4%: $500/wk
- 5%: $625/wk
- 6%: $750/wk
Educational estimate only. Excludes tax, depreciation and capital growth.
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Gross yield vs net yield
Gross rental yield is annual rent divided by the purchase price. It is the number you see in listings, and it ignores every cost of owning the property. A $650,000 property renting for $500 a week has a gross yield of 4%.
Net rental yield subtracts vacancy, management fees, council and water rates, insurance, strata, land tax and maintenance before dividing by the price. It is the more honest measure, and it is usually 1 to 2 percentage points lower than gross.
Yield is not the whole picture. High-yield properties often have lower capital growth, and a high yield does not guarantee positive cash flow once your loan interest is included. That is why this calculator also shows cash flow after interest and the break-even rent.
Costs are easy to under-estimate. Land tax and maintenance are the two investors most often leave out. Use the land tax calculator to estimate the first, and budget at least a month of rent a year for the second.
This is an educational estimate, not financial advice. It uses an interest-only loan and does not include tax, depreciation or capital growth.
Compare the estimate with your real numbers
Once you own the property, VANTAGE tracks the actual rent and expenses so you can see your true yield instead of the estimate.
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