The suburb’s capital gain of -16.67% for the past year is lower than average compared to its -9.09% growth within a five-year period.
Also in ARMADALE, the median home price is sitting at $250,000, and the average rent at $260, this suggests property owners could potentially earn a 5.41% increase in gross rental yield.
Property investors have seen a -3.85% 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 -1.26% decrease over a ten-year period. It ranks 4020th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-16.67%||4.25%|
|Median 3 years||-23.08%||-22.42%|
|Median 5 years||-9.09%||4.48%|
|10 years average annual||-1.26%||1.37%|
|Weekly media advert. rent||$260||$220|
|Time on Market||112.4 days||136.8 days|
|Gross Rental Yield Percent||5.41%||4.93%|