Mining town named Qld's top performer for rental yields

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A Central Queensland mining town has showed Australia’s highest gain in rental yields, recording a whopping 12.43 per cent increase.
Brisbane-based proptech company Console has made available its latest data findings which scaled the country’s best and worst rental yield performers.
State-versus-state comparative data showed Moranbah was a surprising contender, outstripping southern counterparts in rental increases by as much as 13 per cent.
Console Group’s head of sales Narelle White said the data provided savvy property managers and agencies the opportunity to get ahead of the market.
“Console Cloud was actively tracking this information for close to 12 months and the results have been quite surprising,” Ms White said.

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