Armadale is a mid-sized suburb in Victoria within the Stonnington local government area (postcode 3143). With a population of 9,368, the suburb has an established demographic with a median age of 38. Households earn a median income of $114K per year, with an average household size of 2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Armadale is $2.4 million, having dropped significantly 13.1% over the past year. Units have a median price of $720,000 (-1.4% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,458.
Armadale is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 1173, which is well above the national average of 1,000. Public transport access includes 10 rail stations, 49 bus stops. The crime rate in the Stonnington LGA is higher than average at 12,012 incidents per 100,000 population.
From an investment perspective, Armadale offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.4M/$875K), placing it in the premium segment. The price-to-income ratio of 20.9x is considered stretched. House prices have moved -13.1% year-on-year.
Armadale is a mid-sized suburb in Victoria within the Stonnington local government area (postcode 3143). With a population of 9,368, the suburb has an established demographic with a median age of 38. Households earn a median income of $114K per year, with an average household size of 2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Armadale is $2.4 million, having dropped significantly 13.1% over the past year. Units have a median price of $720,000 (-1.4% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,458.
Armadale is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 1173, which is well above the national average of 1,000. Public transport access includes 10 rail stations, 49 bus stops. The crime rate in the Stonnington LGA is higher than average at 12,012 incidents per 100,000 population.
From an investment perspective, Armadale offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.4M/$875K), placing it in the premium segment. The price-to-income ratio of 20.9x is considered stretched. House prices have moved -13.1% year-on-year.