Prices to soon exceed peak in ‘unsustainable moon-shot’
Residential property prices are set to exceed their 2017 peak in the coming months, but conservatism from mortgage-holders would likely stun...
The suburb’s capital gain of -10% for the past year is lower than average compared to its -33.2% growth within a five-year period.
Also in ARMADALE, the median home price is sitting at $213,750, and the average rent at $260, this suggests property owners could potentially earn a 6.33% increase in gross rental yield.
Property investors have seen a -2.84% 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 -2.01% decrease over a ten-year period. It ranks 3927th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $213,750 | $155,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.84% | -10.4% |
| Median 12 month | -10% | -29.55% |
| Median 3 years | -29.92% | -33.76% |
| Median 5 years | -33.2% | -45.61% |
| 10 years average annual | -2.01% | -4.8% |
| Weekly media advert. rent | $260 | $250 |
| Time on Market | 101.6 days | 88.0 days |
| Gross Rental Yield Percent | 6.33% | 8.39% |
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