Armidale, NSW

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Livability Index
101.7
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Population: 22468

House Growth Prediction (per annual): 12%, 4238th out of 5061

Unit Growth Prediction (per annual): 6%, 3139th out of 2987

Keywords: Young, Active Market, Valuable Market, High Dwelling, Business Area, High Population, Tourism, Agriculture, Livestock, Nature, Indigenous, Well Educated, Professional, Volunteer, Valuable House

Basics

Armidale is a local community with population 22,468, and the population growth over the past decade is 1.92%. It has an average income $40,756.33 per annum. It has 87.7% of population who only speak English at home. Other top languages include Arabic, Mandarin, German, Cantonese, Bengali. Unemployment rate in Armidale is 7.8% while people work as professionals is 25.6%. Armidale has 0 Coles stores and 0 Woolworth stores. Its population density is 85.4 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Armidale has Socio-Economic raw score 980.6 while the average score across Australia is 1000. Therefore, Armidale has disadvantage in terms of Socio-Economic measure. It obtains relative score 42 out of 100 across Australia, while relative score 41 out of 100 within NSW. Factors considered in this score include income, education level, unemployment, occupation, housing pressure and so on. This score is generated by Australia Bureau of Statistics (ABS).

Similar to Socio-Economic measure, GeoIndex computes smart livability index by considering additional factors, including rental rate against income, property price against income, safety, transport, access convenience, environment, population density and so on. Armidale has a livability index 98.6, which is lower than average 100 across Australia. It ranks 3,656th out of 8,530 suburbs across Australia. Therefore, it is a suburb less livable for local communities.

Real Estate Price Forecast and Investment Guide

Based on our more than ten millions of historical property transaction data, wide range of predictors and cutting-edge algorithm, we predict the house price would grow by 14.9% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Armidale has a higher than average growth expectation. It ranks 5,420th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Similar to house, unit/flat/apartment in Armidale is predicted to grow by 6.5% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Armidale has a higher than average growth. It ranks 2,648th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Education: Primary and Secondary School Index

As for education, Primary public school contribute to the attractiveness of Armidale, which obtains score of 97.2 out of 100 within NSW based on local primary school student exam performance. Similar to primary school, secondary public school contribute to the attractiveness of Armidale, which obtains score of 87.8 out of 100 within NSW based on local secondary school student exam performance. Considering the background of students in primary school, Armidale has a better than average score, which is 60.9 out of 100. Similar to to primary school, secondary school has better than average score, which is 56 out of 100.

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Armidale, NSW smart rating was calculated by GeoIndex Australia.

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