Infocus – Armadale 3143

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Place

Spanning 2.2 square kilometres some 7 kilometres south-east of Melbourne’s CBD, Armadale is regarded one of Melbourne’s most prestigious residential quarters. Armadale’s closest neighbouring suburbs are, from west to east; St Kilda East, Prahran, Toorak, Kooyong and Malvern.

Armadale’s main thoroughfare is High Street, known for its designer/antique homeware and boutique clothing stores. Glenferrie Road borders neighbouring Malvern to the east, and is perhaps the more commonly frequented of the commercial streets for day-to-day shopping and casual dining.

Locals are serviced by the typical urban amenities: a local train station and tram links direct to the CBD. Local schools of note include Lauriston Girls Grammar and King David School.  Amongst the most popular green spaces are Toorak Park, Union Street Gardens, Armadale Reserve and Victory Square Reserve, though should one prefer a splash, the Yarra River and St Kilda beaches are within paddling distance.

A predominantly residential area, Armadale’s side-street parking is largely permit-based, as regulated by City of Stonnington local council.


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Property

Armadale’s historic prestige presents grandly in its architecture. Stately homes and period mansions adorn leafy side-streets, which are also dotted with newer townhouse developments and many a mid-century flat.

Locals are increasingly calling a flat or unit home (41%). Just over a third of locals live in a separate house, about one quarter living in a semi-detached. Just over a third bought their homes outright, compared to the 22.4% who own with mortgage, the average monthly loan repayment being $2,500. The median price is $1,586,500 for houses, and $572,500 for units.

Some 44.2% of Armadale locals rent, the median price being $350 per week for a unit and $837 for a house.

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Pleased to Meet You:

Strolling down the bustling high street, amongst the 8,760 locals, you may just bump into one of Armadale’s ‘standard citizens’– a well-educated, full-time professional in their mid-30s, teetering on the edge of marriage and parenthood.

Armadale’s median age is 36, with almost a quarter of locals aged between 25 and 34 years of age followed by the 35-44 year-old bracket (14.7%) and 45-54 year-olds (11.7%). While close to half of Armadale’s couples are without children, some 36% you come across in the local park will have 1 or 2 kids.

On average, locals are full-time workers; 65.6% are employed full-time, 22% work part-time. When compared to the Australian average, Armadale boasts a relatively low unemployment rate of 4%. Most common areas of employment are in legal, accounting and finance, and given the number of local eateries it’s not surprising many are employed in hospitality and other customer service roles.

Infolio - Infocus - Armadale - Blog FA