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What is Gross Yield and Net Yield?

Gross Yield is a property’s annual rent as a percentage of its value, before any costs are taken out:

Gross Yield = Annual Rent / Property Value × 100

A $650,000 property renting for $32,500 a year has a Gross Yield of 5%.

Net Yield takes the same idea but subtracts operating expenses first, so it reflects what the property actually earns you before financing:

Net Yield = (Annual Rent − Operating Expenses) / Property Value × 100

Net Yield is always lower than Gross Yield — the gap between the two is a rough proxy for how expensive the property is to run (body corporate fees, land tax, management fees and similar).

  • Dashboard — a portfolio-wide Gross and Net Yield, blending every owned property’s rent, expenses and value.
  • Property → Cashflow tab and Compare view — per-property figures.

Both are quoted against the property’s current value, not the original purchase price — so yield moves over time as the property’s value changes, even if the rent doesn’t. Yield is one half of the classic yield-vs-growth trade-off in property investing — see Cash Yield vs Capital Growth for how to weigh it against expected capital growth.