Armidale is a large suburb in New South Wales within the Armidale Regional local government area (postcode 2350). With a population of 23,967, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $74K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Armidale is $640,000, having surged 11.3% over the past year. Units have a median price of $410,000 (+2.5% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,500.
Armidale is served by 17 schools, including 9 primary, 2 secondary, 6 combined. The average ICSEA score is 973, which is around the national average of 1,000. Public transport access includes 5 rail stations, 376 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, Armidale offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($640K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.6x is considered moderate. House prices have moved +11.3% year-on-year.
Armidale is a large suburb in New South Wales within the Armidale Regional local government area (postcode 2350). With a population of 23,967, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $74K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Armidale is $640,000, having surged 11.3% over the past year. Units have a median price of $410,000 (+2.5% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,500.
Armidale is served by 17 schools, including 9 primary, 2 secondary, 6 combined. The average ICSEA score is 973, which is around the national average of 1,000. Public transport access includes 5 rail stations, 376 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, Armidale offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($640K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.6x is considered moderate. House prices have moved +11.3% year-on-year.