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Armadale

Suburb Profile

Armadale - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3143

house
unit
ARMADALE ranks 459th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 37.59% for the past year is higher than average compared to its 43.77% growth within a five-year period.

Also in ARMADALE, the median home price is sitting at $2,480,000, and the average rent at $850, this suggests property owners could potentially earn a 1.78% increase in gross rental yield.

Property investors have seen a 15.35% gain in ARMADALE based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on ARMADALE, 3143 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 37.59%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.46% growth over a ten-year period. It ranks 1409th on our list of suburbs that property investors should look into.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,480,000 $657,500
GROWTH REPORT
Median Quarterly 15.35% 4.06%
Median 12 month 37.59% 4.37%
Median 3 years 18.1% -11.27%
Median 5 years 43.77% -3.31%
10 years average annual 5.46% 3.74%
Weekly media advert. rent $850 $480
Time on Market 45.3 days 80.4 days
Gross Rental Yield Percent 1.78% 3.8%
demographics (median values)
Total Population
8467
Weekly Household Income
1272
Household Size
2.10
demographics
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