Investment property in Armadale has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.84%
Across a shorter period, Armadale, 6112 has seen a median price increase of -1.67% over the last quarter.
Property buyers and investors in Armadale 6112 should be seeing an average reduction in asking price of around -8.97% . This means that Armadale is holding prices well when compared to other suburbs in WA.
On average over the past year, suburb has had 15.00 sales per month, which equates to 180 per year.
Armadale, 6112’s gross rental yield is 5.11%
Property value increases in Armadale have tracked lower than the WA average of -2.78% over the last 12 months.
The five-year average increase in median property values for Armadale,6112 has given property investors a potential capital gain of 3.99% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Armadale is offering property investors an average of -8.10. This rate of discount on properties puts Suburb at number 15th in terms of most discounted suburbs in WA