VIC/
Armadale

Suburb Profile

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

house
unit
ARMADALE ranks 374th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

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 Price $2,140,000 $656,000
GROWTH REPORT
Median Quarterly 1.18% 1.31%
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%
demographics (median values)
Total Population
8467
Weekly Household Income
1272
Household Size
2.10
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