Franklin: The Suburb with the Highest Rental Yield for Investors

Franklin posted the highest gross rental yield among Canberra suburbs at 4.9 per cent for the June quarter, according to CoreLogic data released this week. Units on streets such as Oodgeroo Avenue and Maribyrnong Avenue delivered average weekly rents of $565 against median prices of $595,000.

The result arrives as national housing targets face pressure from an 11 per cent drop in new home starts and the Reserve Bank of Australia’s ongoing rate deliberations. Canberra’s low vacancy rate of 0.9 per cent has kept rents firm even while public service recruitment slowed after the 2025-26 budget.

Growth corridors and local anchors

Franklin sits inside the Gungahlin district, where the ACT Government’s light rail extension and the Gungahlin Town Centre redevelopment continue to draw tenants. Proximity to Gungahlin College and the Franklin Community Hub adds steady demand from students and young professionals who work in nearby Belconnen offices.

Investors have also watched the opening of the expanded Gungahlin Village shopping precinct and the new bus interchange at Gungahlin Place, both completed in late 2025. These facilities have shortened commute times for tenants working at the University of Canberra’s Bruce campus and at the Australian Bureau of Statistics headquarters.

Yield calculations and market numbers

CoreLogic figures show Franklin’s unit yields sitting 0.7 percentage points above the Canberra-wide average of 4.2 per cent. Auction clearance rates across the suburb reached 68 per cent in the past three months, slightly above the ACT median of 65 per cent. Median house prices in Franklin remain $835,000, matching the broader ACT figure, yet units continue to clear faster than detached homes.

Buyers considering entry should review current listings through the ACT Revenue Office’s first-home buyer stamp duty calculator and contact local property managers for vacancy data before settlement. Checking comparable rents on Maribyrnong Avenue and the latest strata reports from buildings completed after 2022 will help confirm ongoing returns.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.