The suburb’s capital gain of 4.14% for the past year is lower than average compared to its 44.35% growth within a five-year period.
Also in ARMADALE, the median home price is sitting at $2,140,000, and the average rent at $780, this suggests property owners could potentially earn a 1.9% increase in gross rental yield.
Property investors have seen a 1.18% gain in ARMADALE based on an increase 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 7.68% growth over a ten-year period. It ranks 649th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.14%||3.71%|
|Median 3 years||31.85%||19.23%|
|Median 5 years||44.35%||18.17%|
|10 years average annual||7.68%||6.41%|
|Weekly media advert. rent||$780||$415|
|Time on Market||0.0 days||51.3 days|
|Gross Rental Yield Percent||1.9%||3.29%|