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Armidale
AREA REPORTS

Armidale

Armidale - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2350

house
unit

ARMIDALE, 2350 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling ARMIDALE, 2350 values up and netting property investors a capital gain of 10% for the past year.

Investors saw the median home price rise to $385,000.

Profits due to an upward trend in home prices in the suburb averaged 3.33% per annum over a 3-year period.

ARMIDALE now ranks at the 1006th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in ARMIDALE are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $370 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ARMIDALE, homes and units usually stay on listing for an average of 105.2 days.

In 2016, 604 properties were sold in ARMIDALE during the past year, making it the 268th most active market in NSW based on total real estate transactions.

Data report can be found below

Armidale
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $385,000 $275,000
GROWTH REPORT
Median Quarterly 2.67% 3.77%
Median 12 month 10% 9.78%
Median 3 years 10% 19.57%
Median 5 years 9.38% 17.02%
10 years average annual 2.59% 1.69%
Weekly media advert. rent $370 $265
Time on Market 105.2 days 131.4 days
Gross Rental Yield Percent 5% 5.01%
demographics (median values)*
Total Population
25339
Weekly Household Income
1229
Household Size
2.40
Age
37
Monthly Loan Repayment
1500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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