Armstrong Creek suburb profile
Armstrong Creek is a rapidly growing suburb located in the Greater Geelong region of Victoria, approximately 10km from Geelong's city centre. Known for its modern residential developments, Armstrong Creek offers a family-friendly environment with a focus on community living. The suburb features a range of amenities, including schools, shopping centres, and recreational facilities, making it an attractive choice for young families and professionals. With its proximity to both the coast and the city, Armstrong Creek provides a balanced lifestyle, combining the tranquility of suburban living with easy access to urban conveniences and natural attractions.
Armstrong Creek property market performance
Armstrong Creek's property market has shown contrasting trends over the past 12 months. While the median house price has remained stable at $650,000, unit values have surged by an impressive 119.7%, reaching a median price of $345,000. This significant increase in unit prices indicates a shift in demand towards units in the area.
Sales activity has been robust for houses, with 132 sold in the past 12 months, while only 2 units were sold, suggesting limited supply or demand in the unit market. Houses are selling relatively quickly, with a median of 39 days on the market, whereas units are taking much longer, with a median of 153 days, indicating a slower pace in the unit sector.
The rental market in Armstrong Creek has seen moderate growth, with house rents increasing by 4.0% and unit rents by 2.1% over the last 12 months. The average rent for houses is $520, while units average $490, reflecting steady demand in the rental sector.
Median price - houses$650KPast 3 months
Median price - units$345KPast 3 months
Change in value - houses-3.1%12 months
Change in value - units119.7%12 months
Houses sold122Past 3 months
Units sold2Past 3 months
Median DOM - houses40Past 12 months
Median DOM - units153Past 12 months
Average rent - houses$520Past 12 months
Average rent - units$490Past 12 months
Change in rent - houses4.0%Past 12 months
Change in rent - units2.6%Past 12 months
Armstrong Creek demographics
Armstrong Creek, located in Victoria, is a rapidly growing suburb known for its family-friendly environment and modern amenities. With a population of 11,247 and a median age of 30, it is a youthful community that attracts young families and professionals seeking a balanced lifestyle. The suburb's proximity to Geelong and the Surf Coast makes it an appealing choice for those who want to enjoy both urban conveniences and coastal living.
The suburb's housing market is characterized by a high percentage of properties owned with a mortgage, accounting for 54% of the total, indicating a strong presence of new homeowners and young families investing in the area. Rental properties make up 34.9% of the housing market, providing options for those who prefer flexibility. The median total household income of $2,200 per week reflects the suburb's appeal to middle-income earners.
Family life is a significant aspect of Armstrong Creek, with 51% of households being couple families with children, and 32.5% being couple families without children. The presence of one-parent families, making up 15.3% of the community, adds to the suburb's diverse family dynamics. With its modern infrastructure, parks, and schools, Armstrong Creek is well-equipped to support its growing population, making it an attractive destination for families looking for a vibrant and supportive community.
Armstrong Creek infrastructure, key developments and investment opportunities
Armstrong Creek is experiencing significant growth and development that may impact its property market. The suburb is part of the Armstrong Creek Growth Area, one of Victoria's largest urban growth projects. Recent infrastructure developments include the construction of the sustainable Sparrovale Wetlands system, which began in late 2019 and aims to enhance the local environment and flood mitigation.
A major addition to the community is the newly constructed Biyal-a Armstrong Creek Library, a regional library and community hub set to open in August 2024. This facility is expected to boost local amenities and potentially increase property desirability. Additionally, plans for a new Armstrong Creek shopping centre, which opened in mid-2020, are set to expand over the coming years, further improving local retail and commercial offerings. These developments, along with ongoing residential growth, are likely to enhance livability and may positively influence property values in the area.
Armstrong Creek rental market trends
The rental market in Armstrong Creek has experienced modest growth, with house rents increasing by 4.0% over the past year to $520 per week, while unit rents have seen a 2.1% rise to $490 per week. As a developing suburb with expanding amenities and infrastructure, Armstrong Creek offers potential for steady rental returns and growth.
Suburbs near Armstrong Creek
Some popular suburbs near Armstrong Creek include: