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Armstrong, VIC 3377
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$845,000
market range $325K-$850K
Median Unit
$325,000
Gross Yield (houses)
2.9%
1yr Growth
-
Investment snapshot for Armstrong
Armstrong has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Armstrong market and investor summary
In Armstrong, VIC 3377, the median house sells for around $845K, on a gross rental yield of 2.9% for houses. At 1.8% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.9% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Armstrong: people, income and schools
About 90 people live in Armstrong, a number that has held fairly steady over five years. At a median age of 48, it reads as skewed a little older, and families account for 58% of households.
The typical household income runs to around $64,000 a year (about $1,240 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 13.1 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 90
- -2% over 5yr
- Median age
- 48 years
- Median household income
- $64,000/yr
- Households renting
- 26%
- Family households
- 58%
- Socio-economic rank
- 2/10
- ABS advantage index
- Unemployment
- 2.5%
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
No properties currently listed in Armstrong
Search Armstrong listings →Frequently asked questions about Armstrong
What should I check before investing in Armstrong?
Armstrong has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.7%, before expenses, tax and loan costs. Tight rental market (1.8% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Armstrong?
The median property price in Armstrong, VIC 3377 is $845K for houses and $325K for units.
What rental yield does Armstrong show?
The gross rental yield in Armstrong is 2.9% for houses and 6.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Armstrong?
The current vacancy rate in Armstrong is 1.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Armstrong?
Armstrong has a population of approximately 90 residents, with a median age of 48.
Is Armstrong affordable to buy in?
A median house in Armstrong costs about 13.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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's population growing?
The population of Armstrong has fallen about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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