The suburb’s capital gain of -12.9% for the past year is lower than average compared to its 0% growth within a five-year period.
Also in ARMADALE, the median home price is sitting at $270,000, and the average rent at $275, this suggests property owners could potentially earn a 5.3% increase in gross rental yield.
Property investors have seen a -3.57% 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 -0.65% decrease over a ten-year period. It ranks 4096th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-12.9%||-7.76%|
|Median 3 years||-15.47%||-17.82%|
|Median 5 years||0%||3.91%|
|10 years average annual||-0.65%||0.14%|
|Weekly media advert. rent||$275||$240|
|Time on Market||111.9 days||111.0 days|
|Gross Rental Yield Percent||5.3%||5.52%|