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Armadale

Suburb Profile

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

house
unit
ARMADALE ranks 674th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -20% for the past year is lower than average compared to its -1.88% growth within a five-year period.

Also in ARMADALE, the median home price is sitting at $1,620,000, and the average rent at $810, this suggests property owners could potentially earn a 2.6% increase in gross rental yield.

Property investors have seen a -10.5% 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 2.25% growth over a ten-year period. It ranks 2845th 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 $1,620,000 $616,250
GROWTH REPORT
Median Quarterly -10.5% -1.99%
Median 12 month -20% -10.17%
Median 3 years -21.17% -19.34%
Median 5 years -1.88% 8.59%
10 years average annual 2.25% 4.42%
Weekly media advert. rent $810 $450
Time on Market 42.0 days 59.7 days
Gross Rental Yield Percent 2.6% 3.8%
demographics (median values)
Total Population
8467
Weekly Household Income
1272
Household Size
2.10
demographics
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