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 -10.64%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Armadale has fallen somewhat when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Armadale is offering property investors an average of -8.43. This rate of discount on properties puts Suburb at number 42th in terms of most discounted suburbs in WA
If you compare the increase in value of investment property in Armadale, 6112 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -29.29%.
Across a shorter period, Armadale, 6112 has seen a median price increase of -2.31% over the last quarter.
Armadale6112 is located in WA which offers an average discount of -9.28% to property investors. Armadale itself is showing figures that indicate -13.28% is the average achievable by property buyers investing in the suburb.
In the last year 46 properties changed hands in Armadale, which puts it as the 30th most active market in WA when comparing the number of sales per suburb.
The WA suburb of Armadale, 6112 is in the Armadale (C) local government area.