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The suburb’s capital gain of -8.68% for the past year is lower than average compared to its -17.19% growth within a five-year period.
Also in ARMADALE, the median home price is sitting at $242,000, and the average rent at $250, this suggests property owners could potentially earn a 5.37% increase in gross rental yield.
Property investors have seen a -2.81% 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 -1.36% decrease over a ten-year period. It ranks 3986th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $242,000 | $242,500 |
| GROWTH REPORT | ||
| Median Quarterly | -2.81% | 6.83% |
| Median 12 month | -8.68% | 8.74% |
| Median 3 years | -24.38% | -21.52% |
| Median 5 years | -17.19% | -1.92% |
| 10 years average annual | -1.36% | 1.83% |
| Weekly media advert. rent | $250 | $220 |
| Time on Market | 98.9 days | 143.8 days |
| Gross Rental Yield Percent | 5.37% | 4.72% |
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