Queensland is the highest-yielding commercial market in Australia, with a median gross yield of 7.1%, while Victoria sits lowest at 5.4%, a 170 basis-point spread between the two. The pattern is the long-running trade-off in property: Melbourne and Sydney buyers accept lower income in exchange for capital-growth expectations, while Queensland and the smaller states pay for income today.
For a buyer weighing where their next dollar of commercial income should go, the map below is the starting point, before the asset-specific work of lease quality, tenant covenant and capex begins.
Gross yield by state
Gross yield by asset class
Industrial yields are the most compressed in the country, the clearest sign of how hard logistics and warehousing demand has run. Office still offers 6.3% despite the headlines, and medical commands a premium for its tenant covenants.
What's on the market, and what it costs
Live commercial supply by asset class, with the median asking price, the most accessible entry points sit in retail and office under $1m; childcare and service stations command the highest tickets.
| Asset class | Listings | Median asking price |
|---|---|---|
| Retail | 1,637 | $850,000 |
| Office | 1,369 | $799,000 |
| Industrial | 613 | $900,000 |
| Hotel / Leisure | 90 | $1,450,000 |
| Medical | 39 | $1,250,000 |
| Childcare | 27 | $3,350,000 |
| Showroom | 17 | $750,000 |
| Service Station | 13 | $4,500,000 |
Bold Property Group is an independent buyer's agent. We act only for the buyer, never the vendor. Media enquiries and the full dataset: [email protected].