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Armadale

Suburb Profile

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

house
unit
ARMADALE ranks 483rd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 18.43% for the past year is higher than average compared to its 25.95% growth within a five-year period.

Also in ARMADALE, the median home price is sitting at $2,410,000, and the average rent at $850, this suggests property owners could potentially earn a 1.83% increase in gross rental yield.

Property investors have seen a -7.31% drop in ARMADALE based on a decrease 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 18.43%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.25% growth over a ten-year period. It ranks 1395th 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 $2,410,000 $616,000
GROWTH REPORT
Median Quarterly -7.31% -9.41%
Median 12 month 18.43% -9.41%
Median 3 years 14.6% -20.52%
Median 5 years 25.95% -14.86%
10 years average annual 5.25% 1.78%
Weekly media advert. rent $850 $460
Time on Market 60.6 days 63.7 days
Gross Rental Yield Percent 1.83% 3.88%
demographics (median values)
Total Population
8467
Weekly Household Income
1272
Household Size
2.10
demographics
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