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Armstrong Creek, VIC 3217
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$695,000
market range $650K-$725K
Median Unit
$675,000
list-price estimate
Gross Yield (houses)
4.2%
1yr Growth (houses)
+6.2%
market range +0.0% to +17.5%
Investment snapshot for Armstrong Creek
Armstrong Creek has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Armstrong Creek market and investor summary
Armstrong Creek (VIC 3217) runs a median house price of $695K, with houses yielding a gross 4.2%. House prices have moved +6.2% over the past year. At 2.6% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.2% is neither a standout cashflow play nor a pure growth bet.
Living in Armstrong Creek: people, income and schools
About 11,247 people live in Armstrong Creek, and the area has been growing steadily, up about 38% over five years. The median age is 32, broadly working-age, and families account for 80% of households.
Households here earn a median of about $114,000 a year, or roughly $2,200 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to about 6.1 times local household income, in line with much of metropolitan Australia. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
There are 12 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 70 km from the CBD. It is fairly car-dependent; the suburb scores 18 for walkability and 7 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 11,247
- +38% over 5yr
- Median age
- 32 years
- Median household income
- $114,000/yr
- Households renting
- 34%
- Family households
- 80%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 12
- avg ICSEA 1023
- Unemployment
- 2.7%
- Distance to CBD
- 70 km
- Walk score
- 18/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Armstrong Creek
View all →Frequently asked questions about Armstrong Creek
What should I check before investing in Armstrong Creek?
Armstrong Creek has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.3%, before expenses, tax and loan costs. Capital growth of +6.2% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Armstrong Creek?
The median property price in Armstrong Creek, VIC 3217 is $695K for houses.
What rental yield does Armstrong Creek show?
The gross rental yield in Armstrong Creek is 4.2% for houses and 6.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Armstrong Creek?
House prices in Armstrong Creek are up 6.2% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Armstrong Creek?
The current vacancy rate in Armstrong Creek is 2.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Armstrong Creek?
Armstrong Creek has a population of approximately 11,247 residents, with a median age of 32.
What schools are near Armstrong Creek?
There are 12 schools within roughly 5km of Armstrong Creek. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Armstrong Creek affordable to buy in?
A median house in Armstrong Creek costs about 6.1 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Armstrong Creek's population growing?
The population of Armstrong Creek has grown about 38% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Armstrong Creek from the CBD?
Armstrong Creek is about 70 km from the CBD.
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