Armstrong Creek is a well-established suburb in Victoria within the Greater Geelong local government area (postcode 3217). With a population of 11,247, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $114K per year, with an average household size of 2.9 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Armstrong Creek is $657,000, having dipped slightly 2.7% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,800.
Armstrong Creek is served by 4 schools, including 1 primary, 1 secondary, 2 combined. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 49 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Armstrong Creek offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($657K/$875K). The price-to-income ratio of 5.7x is considered affordable. House prices have moved -2.7% year-on-year.
Armstrong Creek is a well-established suburb in Victoria within the Greater Geelong local government area (postcode 3217). With a population of 11,247, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $114K per year, with an average household size of 2.9 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Armstrong Creek is $657,000, having dipped slightly 2.7% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,800.
Armstrong Creek is served by 4 schools, including 1 primary, 1 secondary, 2 combined. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 49 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Armstrong Creek offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($657K/$875K). The price-to-income ratio of 5.7x is considered affordable. House prices have moved -2.7% year-on-year.