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The suburb’s capital gain of -13.42% for the past year is lower than average compared to its -38.46% growth within a five-year period.
Also in ARMADALE, the median home price is sitting at $200,000, and the average rent at $265, this suggests property owners could potentially earn a 6.89% increase in gross rental yield.
Property investors have seen a -4.76% 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 -2.99% decrease over a ten-year period. It ranks 3857th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $200,000 | $151,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.76% | -1.63% |
| Median 12 month | -13.42% | -24.5% |
| Median 3 years | -29.82% | -31.83% |
| Median 5 years | -38.46% | -50.37% |
| 10 years average annual | -2.99% | -5.19% |
| Weekly media advert. rent | $265 | $250 |
| Time on Market | 81.3 days | 81.1 days |
| Gross Rental Yield Percent | 6.89% | 8.61% |
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