Buyer's Agents Armadale

Armadale offers a diverse range of properties, including:

• Victorian and Edwardian-era houses: These heritage homes are often the most expensive, with prices typically ranging from $2.5 million to $5 million or more.
• Californian bungalows and interwar period homes: Generally priced between $1.8 million and $3.5 million.
• Modern townhouses and newly built residences: Usually ranging from $1.5 million to $3 million.
• Apartments: From smaller 1-bedroom units starting around $500,000 to luxury apartments exceeding $2 million.

Prices vary significantly based on location, size, condition, and heritage status. Properties closer to High Street or with period features tend to command premium prices.

Armadale has demonstrated strong and consistent growth over the past decade. As of 2024, the median house price has increased by approximately 45% over the last 10 years. The market has shown resilience during economic downturns, supported by the suburb’s blue-chip status and limited supply of properties.

The future outlook remains positive, driven by continued demand for its schools, amenities, and proximity to the CBD. However, potential buyers should be aware that the growth rate may moderate due to broader economic factors and affordability constraints.

Many properties in Armadale are subject to heritage overlays, which can impact renovation and development possibilities:

• Restrictions on exterior modifications to maintain street appearance
• Requirements to preserve certain internal features in some cases
• Need for council approval for many alterations, even minor ones
• Potential for higher maintenance costs
• Possible limitations on subdivision or development potential

Buyers should always check the specific heritage overlay requirements for a selected property and consider engaging a heritage consultant before purchasing. We also strongly recommend reviewing the Stonnington City Council’s heritage policies and guidelines.

School zones have a significant impact on property prices in Armadale:

• Properties within the zones of highly sought-after public schools often command a premium, sometimes 10-15% higher than similar properties outside the zone.
• The presence of prestigious private schools like Lauriston Girls’ School influences property values in their vicinity.
• Buyers with school-aged children should verify current school zoning information, as boundaries can change.
• Even for buyers without children, being in a desirable school zone can positively impact future resale value.

When evaluating properties across Armadale, consider:

• Proximity to public transport: Properties near Armadale Station or major tram routes often command a premium
• Local amenities: Consider the distance to shopping strips like High Street
• Traffic noise: Properties on or near main roads may be less expensive but noisier
• Green spaces: Proximity to parks and gardens can increase property values
• Future development: Research any planned developments that could affect the property’s value or neighbourhood character
• Flooding risk: Some low-lying areas may have drainage issues during heavy rain

Each area of Armadale has its own character and price point. While the area around High Street is bustling, the streets further from the main roads offer a quieter, more residential atmosphere. The eastern part of Armadale, bordering Malvern, tends to be slightly more affordable while still offering the Armadale lifestyle.