Armadale

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Located only 7 km from Melbourne’s CBD with an estimated population of 8467.  Roughly 60% owner occupied with 1078 people under 15 yrs, 6248 people between 15 and 65 yrs, and 1141 people over 65 years. (2006 Census).  The area has a nice residential feel with tree lined streets populated by period properties and some austere trophy style homes.  However streets are narrow, and street parking is limited. The suburb borders Toorak and reflects the affluent nature of the area.

High street is the main shopping strip, and although its on a busy road, it has a lively cultural atmosphere with many interesting retail outlets.  It’s long been known for the antique shops, of which there is quite a number.  However during the global downturn of 2008 some were forced to close.  Coffee shops, boutique retail outlets, fashion stores, and restaurants can all be found on High St as well as  general grocery and convenience stores which service the local residents.

Other highlights of Armadale include the small areas of park land which add to the general attraction and liveability of the suburb.  Parks such as Union Street Gardens. Toorak Park, and Armadale Reserve break up the density of the suburb’s landscape which is important for the inner metropolitan areas.  Toorak station is located in Armadale, and there are a number of tram services so its ideal for those without a car.

House prices are high, however the suburb also contains a range of nice apartments and town houses which offer slightly more affordable options for buyers on a lower budget. Armadale is ideal for young couples and city workers, and this tends to be the dominate buyer profile in the area.


Amenities:

Two of the best private schools in Melbourne are located in Armadale – Lauriston Girls School and the Jewish King David School. Lifestyle amenities are good and there are a number of good parks including Toorak Park, Victory Square Reserve, Armadale Reserve and the Union Street Gardens dotted around the suburb. High street shopping strip is littered with fashion boutiques and well known for its many antique shops.

Armadale has two train stations Armadale train station, and Toorak train station which is also located in Armadale. Tram runs along High Street.


House Styles:

Single and double fronted two and three bedroom Victorian and Edwardian style homes dominate with town houses and apartments becoming increasingly common as the population increases. Blocks are narrow in size and many of the older style homes lack off street parking facilities.

The current Valuer General median prices are; $1,700,000 for a house and $476,500 for a unit However it’s possible to get an entry level single fronted Victorian or Edwardian house for $700,000-$800,000. A two bedroom renovated apartment will cost in the region of $500,000-$600,000. Capital growth averages over 10% per year making Armadale a great suburb for long term investment.


Recent Sales:

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