At number 3240th in the list of Australian suburbs ordered by increase in median house value over the last year, Armadale, 6112 is in the BOTTOM 30% with a property value increase of -8.98% recorded in median house prices.
Armadale,6112 was ranked 2447 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Armadale is offering property investors an average of -8.58. This rate of discount on properties puts Suburb at number 24th in terms of most discounted suburbs in WA
A $260 per week rent on the median house gives suburb investors a gross yield of circa 6.20%, without taking into account capital value appreciation, which has been averaging out at -1.77%.
Over the last year, property investments in Armadale, 6112 have given investors a capital gain of -25.80%. This compares very badly with the -6.57% for WA as a whole.
Over the longer term, Armadale has seen property prices show investors a -32.68% return over the last 3 years. This is an improvement over the last 12 months
Armadale6112 is located in WA which offers an average discount of -9.70% to property investors. Armadale itself is showing figures that indicate -12.29% is the average achievable by property buyers investing in the suburb.
At number 844 in a list of fastest selling suburbs, Armadale is in the bottom 40% of suburbs in Australia with an average of days on market 88.3478 for properties listed there.
Property investors should expect to get $245 weekly from the median priced house in this suburb.