For high rental returns, it’s not surprising that many investors are looking to the New South Wales capital of Sydney.

With high median rents, it’s little wonder that investment opportunities abound in Sydney, New South Wales. Photo: Walkerssk/Pixabay.

The capital was the best performer in a list of highest rental returns for properties in the state for August 2017, with median rents at $700 across all dwelling types.

The data, released by Rent.com.au off the back of its August 2017 monthly report, shows a number of suburbs in New South Wales recorded significant price increases month-on-month.

Elizabeth Bay

Median rent: $550/week
July to August price shift: up 14.6% from $480
Private rental share: 60.3%

At the top of the list this month is Elizabeth Bay, with an upward price shift of 14.6% in August. For an investment property in this suburb, you can expect to receive around $550/week. The median monthly mortgage repayment on a property in Elizabeth Bay is $2,324.

An example of a 1 bedroom, 1 bathroom apartment in Elizabeth Bay, NSW. Only moments from harbour foreshore, parks, transport, and just a short stroll to Elizabeth Bay and Potts Point locale, this apartment is a must see.

Armidale

Median rent: $310/week
July to August price shift: up 10.7% from $280
Private rental share: 60.3%

With a price rise of 10.75 in August, you can expect to receive a median rent price of $310/week for an investment property in Armidale. According to ABS Census 2016 data, the median monthly mortgage repayment on a property in Armidale is $1,452.

This 2 bedroom, 1 bathroom Armidale, NSW house has been recently renovated throughout and has plenty of old-world charm.

Goulburn

Median rent: $325/week
July to August price shift: up 10.2% from $295
Private rental share: 33%

Goulburn rental prices shifted upward 10.2% from July to August, and if you decide to invest in the area, you can expect to receive a median rent price of around $325/week. The median monthly mortgage repayments on a property in Goulburn are $1,517.

An example of a 2-bedroom home in Goulburn, NSW.

Darlinghurst

Median rent: $645/week
July to August price shift: up 8.4% from $595
Private rental share: 60.3%

Next on the list is Darlinghurst, which had a rise in rents of 8.4% in August. If you’re considering buying an investment property in the area, you can expect to receive a median rent price of around $645/week. The suburb is home to hipsters, office workers and families and is packed in tightly with Paddington, Kings Cross and Surry Hills. Residents in Darlinghurst pay a median monthly mortgage repayment of $2,324.

Beautifully located in Darlinghurst, NSW, this 1 bedroom, 1 bathroom apartmenti s an example of the type of property available for the suburb’s median rent.

Coogee

Median rent: $750/week
July to August price shift: up 7.1% from $700
Private rental share: 48.3%

Blending beach-side lifestyle and location, Coogee rounds out the top five, with rental prices up 7.1% in August and a median rent of $750/week. Based on ABS Census 2016 data, the median monthly mortgage repayment on a property in Coogee is $2,947. The suburb is packed with balconies, terraces and plenty of sun-drenched spaces. Apartment living is as common as living in a detached house with demand for housing at a high.

This beautiful 2-bedroom art deco apartment is just one of many properties available to rent in Coogee, NSW.

Rockdale

Median rent: $550/week
July to August price shift: up 6.8% from $515
Private rental share: 46.3%

Rockdale follows closely behind, with prices up 6.8% in August and a median rent price of $550/week. The median monthly mortgage repayment on a property in Rockdale is $2,080. Rockdale remains an attractive place to invest and live, with most facilities at hand and good returns on investment. Plenty of room for families to grow and money to be made.

An example of an apartment in Rockdale, NSW – 2 bedrooms, 1 bathroom.

Rhodes

Median rent: $690/week
July to August price shift: up 6.2% from $650
Private rental share: 59.5%

Fast becoming one of New South Wales’ most densely populated suburbs, Rhodes packs plenty of personality. If you purchase an investment property in Rhodes, the median rent price is $690/week. The median monthly mortgage repayment on a property is $2,200.

A 3-bedroom home in Rhodes, NSW.

Inverell

Median rent: $270/week
July to August price shift: up 5.9% from $255
Private rental share: 34%

Known as the Sapphire City, Inverell offers a great lifestyle for renters and buyers looking to invest. Prices in this suburb rose 5.9% in August. If you were to invest in the area, you could expect to receive a median rent of around $270/week. The median monthly mortgage repayment on a property in Inverell is $1,287.

A tidy cottage within the suburb of Inverell, NSW. An example of a property priced around the median rent.

Neutral Bay

Median rent: $635/week
July to August price shift: up 5.8% from $600
Private rental share: 52.9%

Neutral Bay prices were also on the up in August, rising 5.8% to a median rent of $635/week. The suburb boasts city proximity, gorgeous views and plenty of history. Today, Neutral Bay is home to a mix of young professionals and well-to-do families. The median monthly mortgage repayment on a property in Neutral Bay is $2,500.

rental returns
This apartment boasts a coveted top floor position in a charming art deco block in Neutral Bay, NSW.

Manly

Median rent: $750/week
July to August price shift: up 5.6% from 710
Private rental share: 34.9%

At number 10 on our list, Manly prices jumped 5.6% in August to a median rent of $750/week. The suburb is packed with everything from Federation homes and art deco  and P&O examples through to modern abodes. Apartments are beginning to spring up but are typically limited to 3-4 stories high. The median monthly mortgage repayment on a property in Manly is $3,000.

Peace and quiet in Manly. A 2 bedroom, 1 bathroom apartment.

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