ARMADALE ranks 432nd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 9.52% for the past year is lower than average compared to its 50.25% growth within a five-year period.
Also in ARMADALE, the median home price is sitting at $2,300,000, and the average rent at $835, this suggests property owners could potentially earn a 1.89% increase in gross rental yield.
Property investors have seen a 8.49% 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 6.36% growth over a ten-year period. It ranks 1131st on our list of suburbs that property investors should look into.
A steady increase in median property prices over a five-year period in ARMADALE, 3143 translates to a 11.77% capital gain.
ARMADALE, 3143 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $631,500.
Augmented property values in ARMADALE are trailing behind the VIC average of 7.69% for the past year.
Real estate investors could earn a rental income of $425 based on current median home prices for the suburb.
Home owners selling their properties and realtors in ARMADALE usually have to wait an average of 49.2 days days before their assets are lifted off the market.
ARMADALE ranks 255th on the list of best yielding suburbs for rental properties in VIC, posting a 3.5% return.
ARMADALE, 3143 places 309th in Australia based on median property value growth during the quarter.