Clayton delivers one of Melbourne’s strongest rental yields in 2026. Unit gross yield averages 5.1%, with weekly rents of $520/week for a two-bedroom unit and $620/week for a three-bedroom townhouse. The suburb’s rental market is anchored by Monash University (55,000 students), the Monash Medical Centre and the Clayton Research Precinct — creating a diverse, resilient rental demand base that has kept vacancy below 1.8% for five consecutive years.
Clayton Rental Yield Summary
| Property Type | Median Weekly Rent | Median Price | Gross Yield |
|---|---|---|---|
| 1-Bed Unit | $390/wk | $420,000 | 4.8% |
| 2-Bed Unit | $520/wk | $520,000 | 5.2% |
| 3-Bed House | $680/wk | $1,080,000 | 3.3% |
| 3-Bed Townhouse | $620/wk | $820,000 | 3.9% |
Why Clayton Rental Demand Is So Resilient
Three institutions anchor Clayton’s rental market: Monash University, the Monash Medical Centre (Australia’s largest teaching hospital) and the Clayton Research Precinct. Together they employ and enrol over 80,000 people within 2km of Clayton station. This institutional demand is largely insensitive to interest rate cycles and generates consistent year-round rental demand.
Clayton vs Comparable Melbourne Yields
| Suburb | Unit Yield | Distance from CBD |
|---|---|---|
| Clayton | 5.1% | 20km |
| Bundoora | 4.8% | 16km |
| Footscray | 4.7% | 7km |
| Preston | 4.0% | 9km |
| Northcote | 3.5% | 7km |
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