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Armstrong Creek, VIC 3217

Home » VIC Real Estate Data » Greater Geelong City, VIC » Armstrong Creek, VIC 3217

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Armstrong Creek, VIC 3217 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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2 thoughts on “Armstrong Creek, VIC 3217”

  1. The total adult population (15 years or older) of Armstrong Creek 3217 VIC is 8,332, with a median age of 30. Of those, 45.52% are married, 10.38% are divorced or separated, 41.61% are single and 2.44% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $9,140. The median monthly mortgage repayment for households in this suburb is $1,800 which is 19.69% of their earnings.

    Source: ABS Census Data (2021)

  2. Armstrong Creek 3217, a suburb in VIC, is a considerable neighbourhood with an estimated 7761 households as of Q3 2023. The property market in this region reveals typical house prices of $634,506, while median weekly rent stands at $483. These figures yield an indicative rate of just under 4%, meeting the attractive market requirement for investors looking for a cashflow-centred approach.

    The socio-economic condition of Armstrong Creek, as determined by an IRSAD score of 1036 out of 1217, suggests a relatively affluent population with access to good economic resources. However, the renter to owner ratio here is 34%, a tad higher than the recommended 30%, denoting a slightly over-saturated rental market. Investors may need to face competition but rest assured that the units to houses ratio is 0%, indicating a lack of oversupply of units which typically depress rental yields and brings about high competition amongst landlords.

    In terms of affordability, Armstrong Creek showcases a favourable index of 27 years, which is lower than the standard 30-year mortgage period, indicating a high affordability market. The suburb’s stock on market Percentage for houses is at 1.26%, which falls within the neutral range of property market supply. Alongside, the inventory level is at 4.0 months, indicating high supply, potentially affecting property prices.

    Further, a building approvals Ratio of a substantial 7.1% could indicate an increased supply of new dwellings within the market. The DOM (Days on Market) metric displayed is 62, a slightly longer span than recommended, suggesting a somewhat slower demand. Following that, a vacancy rate of 3.56% (including both houses and units) suggests a relatively neutral level of demand in Armstrong Creek. Lastly, the suburb sports a buy search index of 4, again indicating a neutral demand for properties.

    Although some metrics here lean towards unfavourable ranges, it’s important to keep in mind that the specific trends for these metrics contribute significantly to the overall attractiveness of the suburb’s property market. It’s possible to find exceptional investments even in these conditions if the collective analysis of other metrics leans favourable. You can get a comprehensive analysis using HtAG Analytics’ RCS (Relative Composite Score) metric, which synthesises over 80 metrics for an extensive market overview.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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