ARMADALE ranks 222nd in WA when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of -9.45% for the past year is lower than average compared to its -11.07% growth within a five-year period.
Also in ARMADALE, the median home price is sitting at $249,000, and the average rent at $250, this suggests property owners could potentially earn a 5.22% increase in gross rental yield.
Property investors have seen a -0.4% 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 4068th on our list of suburbs that property investors should look into.
A 1.79% increase in median property prices in ARMADALE, 6112 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 29th.
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 $227,000.
Augmented property values in ARMADALE are trailing above the WA average of -3.81% for the past year.
Real estate investors could earn a rental income of $220 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 122.4 days days before their assets are lifted off the market.
ARMADALE ranks 31st on the list of best yielding suburbs for rental properties in WA, posting a 5.04% return.
ARMADALE, 6112 places 55th in Australia based on median property value growth during the quarter.