Located in Victoria within the Ararat local government area, Armstrong is a small, quiet locality (postcode 3377). With a population of 90, the suburb has a mature demographic with a median age of 53. Households earn a median income of $61K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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 managers, professionals, community & personal service. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Irish.
The current median weekly rent is $390. The median monthly mortgage repayment is $1,172.
The crime rate in the Ararat LGA is higher than average at 13,391 incidents per 100,000 population.
Looking at the investment signals, Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.