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Armidale

Suburb Profile

Armidale - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2350

house
unit

ARMIDALE, 2350 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $359,500.

Profits due to an upward trend in home prices in the suburb averaged 0.78% per annum over a 3-year period.

ARMIDALE now ranks at the 442nd place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in ARMIDALE are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $350 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ARMIDALE, homes and units usually stay on listing for an average of 119.4 days.

In 2016, 349 properties were sold in ARMIDALE during the past year, making it the 590th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $359,500 $274,500
GROWTH REPORT
Median Quarterly 2.86% 9.58%
Median 12 month -1.51% 16.31%
Median 3 years 2.35% 19.35%
Median 5 years 4.89% 15.58%
10 years average annual 2.02% 2.84%
Weekly media advert. rent $350 $265
Time on Market 119.4 days 145.1 days
Gross Rental Yield Percent 5.06% 5.02%
demographics (median values)
Total Population
21661
Weekly Household Income
847.9
Household Size
2.40
demographics
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