Armadale

POSTAL CODE: WA, 6112

HOUSE

UNIT

ARMADALE ranks 488th in WA when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 12.57% for the past year is lower than average compared to its 172.67% growth within a five-year period.

Also in ARMADALE, the median home price is sitting at $613,500, and the average rent at $590, this suggests property owners could potentially earn a 5% increase in gross rental yield.

Property investors have seen a 3.63% gain in ARMADALE based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on ARMADALE, 6112 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 12.57%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.36% growth over a ten-year period. It ranks 954th 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, 6112 translates to a 87.5% capital gain.

ARMADALE, 6112 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $525,000.

Augmented property values in ARMADALE are trailing above the WA average of 15.09% for the past year.

Real estate investors could earn a rental income of $550 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 20.9 days days before their assets are lifted off the market.

ARMADALE ranks 69th on the list of best yielding suburbs for rental properties in WA, posting a 5.45% return.

ARMADALE, 6112 places 114th in Australia based on median property value growth during the quarter.

Surburb overview

Armadale is a suburb located approximately 26 kilometres southeast of Perth’s central business district. The area is accessible via the Armadale railway line, with a typical train journey to the city centre taking around 22 minutes. Public transport options include Transperth bus routes 245, 529, and 907, which connect residents to various parts of the Perth metropolitan area.

According to the 2021 Census, Armadale had a population of 13,619 residents. The community comprises a mix of family types, with a diverse demographic profile reflecting a range of cultural backgrounds.

Essential services in the suburb encompass educational institutions such as Armadale Senior High School and Armadale Primary School. Healthcare facilities include the Armadale Health Service, which incorporates Armadale Hospital and Armadale Mental Health Service and delivers quality health care to the community. Shopping centres like Armadale Shopping City, which provide a variety of stores and amenities, meet retail needs in the suburb.

Recreational amenities in Armadale feature several parks and reserves. Minnawarra Park offers facilities for picnics and community events. Gwynne Park includes tennis courts, basketball courts, and spacious footy fields, catering to various sports activities. Reg Williams Reserve provides an ideal setting for walking and running enthusiasts. These spaces contribute to the suburb's community-oriented atmosphere.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$613,500	$525,000
Growth Report
Median Quarterly	3.63%	1.94%
Median 12 month	12.57%	17.71%
Median 3 years	101.15%	87.5%
Median 5 years	172.67%	218.18%
10 years average annual	8.36%	15.47%
Weekly media advert. rent	$590	$550
Time on Market	23.3 days	20.9 days
Gross Rental Yield Percent	5%	5.45%

Demographics (Median Values)*

Total Population 56554

Weekly Household Income 1552

Household Size 2.80

Average Age 32

Monthly Loan Repayment 1989

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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