Located in Victoria within the Stonnington local government area, Armadale is a mid-sized suburb (postcode 3143). With a population of 9,368, the suburb has an established family demographic with a median age of 38. Households earn a median income of $114K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Armadale has a median house price of $2.4 million, which has declined steeply by 13.1% year-on-year. Units have a median price of $655,000 (-9% YoY). The current median weekly rent is $625. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,458.
Armadale is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 1173, which is well above the national average of 1,000. Public transport access includes 10 rail stations, 49 bus stops. The crime rate in the Stonnington LGA is higher than average at 11,590 incidents per 100,000 population.
On the investment side, Armadale shows a gross rental yield of approximately 1.4%, rated as low yield. Property prices are above the state median ($2.4M/$850K), placing it in the premium segment. The price-to-income ratio of 20.9x is considered stretched. House prices have moved -13.1% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.