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Investment Property Armadale, VIC, 3143

Suburb Snapshot

Armadale is a suburb in the Stonnington Region of Victoria. Armadale has a population of 9,053 people and 37.88% of its occupants live in rental accommodation. The median listing price for houses is $1,950,000 and this has changed -2.50% over the past year and changed -19.59% over 2 years.

The median rent in Armadale for houses is $900 per week and the median rental yield is 2.40%. Stock on the market for houses/townhouses has changed -2.94% compared to last year and the average time to sell a house/townhouse is 58 days.The median listing price for units is $750,000 and this has changed -3.85% over the past year. The average unit takes 139 days to sell and the median rent for a unit in Armadale is $560 per week, producing a rental yield of 3.88%.

Supply & Demand in Armadale, Stonnington

1.52%

Current vacancy rate


85

Rental stock available


9,053

Population


37.88%

Rental population


1.55%

Current vacancy rate


951

Rental stock available


103,831

Population


38.99%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Armadale, Stonnington

  House Townhouses Units
Median listing price $1,950,000 NA $750,000
Median price change - last quarter -2.50% NA 1.62%
Median price change - 1 year -2.50% NA -3.85%
Median price change - 2 years -19.59% NA 1.35%
  House Townhouses Units
Median weekly rent $900 $895 $560
Median yield % 2.40% NA 3.88%
Median rent change - 1 year 5.88% 4.67% 7.69%
  House Units
Previous month sales 11 16
Stock on market previous month 33 114
Stock variance vs. last year -2.94% 15.15%
Average days on market 58 139

Armadale investment property listings

Showing 2 of 2 investment properties found in Armadale on realestateinvestar.com.au

25/6-8 Avondale Rd, ARMADALE

$450,000

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Unit

VIC 3143


1 Orchard St, ARMADALE

$1,750,000

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House

VIC 3143


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