Armadale, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Armadale
VICCensus 2021 · Population 9,369
Armadale is a suburb with a population of 9,369, characterized by a slightly higher median age of 38, which aligns with the Victorian average. The suburb has a significant female population at 54.5%. It is a community where couples without children make up 50.4% of households, and single-person households are also prevalent at 39.9%. The area is marked by a high level of education, with 55.6% of residents holding a bachelor's degree or higher, significantly above the Victorian average of 29.2%. Armadale's housing market is dominated by apartments, comprising 57.5% of dwellings, with a notable rental market at 44.7%.
Key Highlights
- Highly educated population - 55.6% hold bachelor degrees (vs VIC 29.2%)
- High median personal weekly income of $1,354
- Significant work-from-home culture - 44.7% (vs VIC 25.7%)
- Renter-heavy market - 44.7% renting (vs VIC 28.5%)
- Diverse cultural community with 32.7% born overseas
Things to Consider
- High median monthly mortgage of $2,458
- Predominantly apartment living - 57.5% apartments
- Lower percentage of separate houses at 25.4% (vs VIC 73.4%)
- High-income households may limit affordability for some buyers
- Relatively low car usage for commuting at 29.8%
What's it like living here?
Daily life in Armadale is influenced by its urban setting and professional demographic. A significant portion of the workforce, 44.7%, works from home, which is much higher than the Victorian average of 25.7%. Commuting by car is less common, with only 29.8% driving to work, and public transport usage is at 8.2%. The community has a strong professional presence, with 42.5% employed as professionals and 20.2% as managers. The suburb offers a vibrant lifestyle with a mix of cultural backgrounds, as 32.7% of residents are born overseas.