The suburb’s capital gain of -13.11% for the past year is lower than average compared to its -1.85% growth within a five-year period.
Also in ARMADALE, the median home price is sitting at $265,000, and the average rent at $270, this suggests property owners could potentially earn a 5.3% increase in gross rental yield.
Property investors have seen a -1.85% 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 -0.84% decrease over a ten-year period. It ranks 4056th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-13.11%||-6.68%|
|Median 3 years||-17.19%||-19.22%|
|Median 5 years||-1.85%||3.89%|
|10 years average annual||-0.84%||0.63%|
|Weekly media advert. rent||$270||$240|
|Time on Market||120.6 days||110.2 days|
|Gross Rental Yield Percent||5.3%||5.5%|