Armadale is a suburb located 7km south-east of Melbourne’s Central Business District which borders Toorak. Regarded as one of Melbourne’s blue chip suburbs, Armadale offers clients exposure to properties with a fantastic balance between work and lifestyle.
Much like Toorak, Armadale is a highly prestigious and well-established inner-city suburb which is reflected through its architecture. Armadale offers properties which vary from historic mansions alongside period homes, compact terraces through to mid-century flats and contemporary apartment complexes.
Blue Chip suburbs tend to have high demand. It is for this reason that our clients also have the opportunity to yield fantastic rental returns as there will always be rental demand in such areas. Over the last 3 years, Armadale has recorded an Average Capital Growth of 3% p.a. and 7.2% p.a over the last 10 years.
Median Property Prices:
- Purchase: $1,637,750
- Rent: $690 PW
- Purchase: $545,000
- Rent: $375 PW
Source: Residex, REA August 2014
Melbourne: Speak to one of our expert staff about how we can help you secure the right property in Armadale. Our buyers agents are highly trained and ready to help.
Learn about properties in South Yarra