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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 $2,000,000 and this has changed 0.00% over the past year and changed -16.67% over 2 years.

The median rent in Armadale for houses is $900 per week and the median rental yield is 2.34%. Stock on the market for houses/townhouses has changed -12.12% compared to last year and the average time to sell a house/townhouse is 66 days.The median listing price for units is $750,000 and this has changed -2.92% over the past year. The average unit takes 134 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

1.44%

Current vacancy rate


81

Rental stock available


9,053

Population


37.88%

Rental population


1.61%

Current vacancy rate


992

Rental stock available


103,831

Population


38.99%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Armadale, Stonnington

  House Townhouses Units
Median listing price $2,000,000 NA $750,000
Median price change - last quarter -2.50% NA 1.62%
Median price change - 1 year 0.00% NA -2.92%
Median price change - 2 years -16.67% NA 0.06%
  House Townhouses Units
Median weekly rent $900 $880 $560
Median yield % 2.34% NA 3.88%
Median rent change - 1 year 5.88% -1.68% 7.69%
  House Units
Previous month sales 4 12
Stock on market previous month 29 110
Stock variance vs. last year -12.12% 7.84%
Average days on market 66 134

Armadale investment property listings

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