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The suburb’s capital gain of -15.05% for the past year is lower than average compared to its -2.49% growth within a five-year period.
Also in ARMADALE, the median home price is sitting at $2,077,000, and the average rent at $840, this suggests property owners could potentially earn a 2.1% increase in gross rental yield.
Property investors have seen a -20.12% drop in ARMADALE based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.14% growth over a ten-year period. It ranks 2491st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-15.05%||0.22%|
|Median 3 years||1.32%||-9.12%|
|Median 5 years||-2.49%||-13.06%|
|10 years average annual||3.14%||2.84%|
|Weekly media advert. rent||$840||$425|
|Time on Market||59.2 days||63.4 days|
|Gross Rental Yield Percent||2.1%||3.24%|