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Data by the Real Estate Institute of Victoria indicates the state has strong rental returns for the first three months of 2017.
The returns in regional Victoria performed greater than any property type in metropolitan Melbourne, according to REIV.
Two-bedroom homes provided gross rental yields of 5.3 per cent and three-bedroom properties had returns of 4.9 per cent.
Meanwhile, the same-sized properties in metropolitan Melbourne only had returns of 2.7 and 3 per cent respectively.
During the March quarter, Morwell recorded the highest returns for the state for two-bedroom homes with yields of 8.3 per cent, followed by Sale and Moe with 7 and 6.9 per cent respectively, then Mildura at 6.6 per cent, Traralgon at 6.5 per cent and Maffra at 6 per cent.
For three-bedroom homes, the clear winner was Bairnsdale with a gross rental yield of 6.6 per cent, followed by Stawell at 6.4 per cent and Newborough at 6.2 per cent, Shepparton at 6 per cent, Horsham at 5.9 per cent and Hamilton at 5.7 per cent.
Joseph Walton, the president of REIV, said that high yields may look appealing at first but do not necessarily mean a property will maintain its viability.
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