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Armadale

POSTAL CODE: VIC, 3143
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ARMADALE ranks 641st in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -5.65% for the past year is lower than average compared to its -10.27% growth within a five-year period.

Also in ARMADALE, the median home price is sitting at $2,288,000, and the average rent at $850, this suggests property owners could potentially earn a 1.93% increase in gross rental yield.

Property investors have seen a -16.42% 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 1.11% growth over a ten-year period. It ranks 4498th on our list of suburbs that property investors should look into.

Surburb overview

Armadale is an inner-south-eastern suburb of Melbourne located within the City of Stonnington.
The suburb lies approximately seven kilometres south-east of the Melbourne central business district and forms part of the city’s established inner-urban corridor.

Armadale had a population of around 9,500 residents at the 2021 census, with a demographic profile that includes a mix of older residents, professionals and smaller households. The suburb has a higher median age than metropolitan Melbourne, reflecting a combination of long-term owner-occupiers and downsizers.

Housing in Armadale consists mainly of detached period homes, including Victorian and Edwardian dwellings, as well as low- and mid-rise apartment developments near main roads and activity centres. Residential density is moderate compared with neighbouring South Yarra, with a strong emphasis on established streetscapes and heritage character.

Armadale is well served by public transport, with Armadale railway station on the Frankston line providing direct services to the CBD. Additional rail access is available at nearby Toorak and Malvern stations, expanding commuting options for residents.

Several tram routes operate along High Street and nearby arterial roads, offering frequent connections to the city and surrounding suburbs. Road access is supported by High Street, Dandenong Road and Punt Road, which facilitate travel across inner Melbourne but can experience congestion during peak times.

High Street Armadale is the suburb’s primary retail strip, containing supermarkets, specialty stores, cafés, restaurants and professional services.

Local medical clinics, allied health providers and small offices are integrated into the shopping precinct and surrounding streets.

Educational options include primary schools within Armadale and access to secondary schools and tertiary institutions in neighbouring suburbs.

Recreational amenities include local parks, tree-lined streets and proximity to larger open spaces in nearby suburbs.

Armadale’s combination of transport access, established housing and local services defines its role as a long-settled residential suburb within Melbourne’s inner south-east.

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