Canberra’s Highest Rental Yield: Higgins Emerges as Investor Hotspot

Higgins, a modest suburb tucked between Kippax Fair and Belconnen’s border, is now commanding the highest rental yield for property investors anywhere in Canberra, new data reveals. According to figures provided by CoreLogic for June 2026, the area’s median gross yield sits at 5.14%—the city’s most lucrative ratio in a climate where many other suburbs have struggled to break 4.5%.

Why Investors Are Turning to Higgins

The surge in investor attention comes as Canberra’s rental vacancy rate holds stubbornly below 1%, sending rental prices into fresh territory across much of the city’s north and west. With median house prices for the ACT hovering at $835,000, buyers—particularly early-career public servants and first-time investors—have been on the hunt for pockets still offering balance between purchase price and rental returns. Higgins, bordered by Southern Cross Drive and neighboring Latham, fits that brief. The suburb’s older three-bedroom homes, many on Amaroo Street and Starke Street, remain priced a step below the territory median.

“It’s basic supply and demand. Higgins isn’t as fancied as Macquarie or Hawker, but it’s close to Westfield Belconnen, Ginninderra Drive bus routes, and good local schools like Kingsford Smith School. That’s attractive to tenants priced out elsewhere,” explained a property manager from a Belconnen-based agency this week.

Yield Beats the Trend

According to CoreLogic’s end-of-financial-year update, Higgins’ median house price sits at $706,000 as of June. Average rents are now $695 per week, reflecting more than 8% annual growth since July 2025. By comparison, the broader Belconnen region posted a median yield of just 4.4%, and the inner-south stalwart Curtin managed only 3.8%. Even in new-highstock Gungahlin, yields have softened as buy-in prices surge. Higgins’ affordability—combined with renters’ willingness to pay a premium for established backyards and proximity to green corridors like Umbagong District Park—has kept its yield ahead of the rest.

Data from Allhomes also shows a consistent uptick in investor inquiries for Higgins (and pockets of neighbouring Holt) since early 2026, coinciding with the ACT Government’s ongoing stamp duty concessions for first-time landlords purchasing below $750,000.

For Canberra’s small investors, tight stock means time is of the essence. Higgins currently has fewer than five homes listed for rent on any given week, and competition can be fierce, with open-inspections at times drawing more than 25 groups. While some experts predict rental growth will moderate if interest rates ease later in the year, the suburb’s fundamentals look set to keep yields attractive in the short term.

Prospective investors should move quickly to arrange finance and keep a close eye on upcoming listings, especially on quiet streets around Starke and Wickens Place. As Higgins cements its reputation among Canberra’s highest-yield suburbs, bargains are unlikely to last long.