Armidale (postcode 2350) is a sizeable suburb in New South Wales within the Armidale Regional local government area. It is home to about 23,967 residents, with a blend of families and working-age professionals and a median age of 36. Households earn a median income of $74K per year, with an average household size of 2.3 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, managers. Employment in the area leans toward education and healthcare. The top ancestries reported are English, Australian, Irish.
Armidale has a median house price of $712,000, which has risen steeply by 22.7% year-on-year. Units have a median price of $535,000 (+38.2% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 3.5%. 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 6,143 incidents per 100,000 population.
On the investment side, Armidale shows a gross rental yield of approximately 3.5%, rated as moderate yield. Property prices sit below the state median ($712K/$1.5M), which can point to relative value. The price-to-income ratio of 9.6x is considered moderate. House prices have moved +22.7% year-on-year.