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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:

Common questions about Armstrong Creek

  • Is Armstrong Creek a nice place to live?

    Armstrong Creek is a delightful suburb that offers a harmonious blend of modern living and community spirit, making it a fantastic place to call home. Its strategic location near Geelong and the picturesque Surf Coast provides residents with the best of both worlds—urban conveniences and coastal charm. The suburb is known for its vibrant and youthful atmosphere, attracting young families and professionals who appreciate the balance of tranquility and accessibility. With a variety of amenities, including schools, shopping centres, and recreational facilities, Armstrong Creek caters to the needs of its diverse community.

    The suburb's family-friendly vibe is complemented by its safe and welcoming environment, making it an ideal choice for those with children. The presence of parks and green spaces offers ample opportunities for outdoor activities, promoting a healthy and active lifestyle. While Armstrong Creek may not have the bustling nightlife of a city centre, it compensates with a strong sense of community and a peaceful suburban lifestyle. The ongoing developments, such as the new library and shopping centre expansions, promise to enhance the area's livability and provide even more options for leisure and entertainment.

    However, living in Armstrong Creek does come with some trade-offs. As a rapidly growing suburb, residents may experience the challenges of ongoing construction and development. Additionally, while the suburb offers a serene environment, those seeking a more vibrant urban experience might find the pace a bit slower. Nonetheless, for families looking for a supportive community with modern amenities and a balanced lifestyle, Armstrong Creek is a charming and promising place to live.

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  • Is it expensive to live in Armstrong Creek?

    Living in Armstrong Creek is relatively affordable compared to other parts of Victoria. With a median house price of $650,000 and a median unit price of $345,000, the property market here is more accessible than many inner-city suburbs. Renting is also reasonably priced, with houses averaging $520 per week and units at $490 per week over the last year. This makes Armstrong Creek an attractive option for those looking to balance affordability with lifestyle.

    When you consider the average weekly household income in Armstrong Creek is $2,200, it aligns well with the cost of living in the area. In comparison, the average household income in Victoria is slightly lower, which suggests that residents in Armstrong Creek might find it easier to manage their expenses relative to their earnings. This balance between income and living costs makes Armstrong Creek a financially viable choice for many.

    Overall, Armstrong Creek offers a more budget-friendly living option while providing the benefits of a growing community. If you're thinking of living in Armstrong Creek, you'll find it offers a good mix of affordability and quality of life, especially when compared to more expensive areas in Victoria.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Armstrong Creek a good place to invest?

    Armstrong Creek presents an intriguing investment opportunity, particularly for those interested in units. Over the past 12 months, the suburb has seen a remarkable 119.7% increase in median unit values, indicating a strong demand and potential for capital growth in this segment. This surge suggests that the area is becoming increasingly attractive to buyers, possibly due to new developments or improved amenities that enhance its appeal.

    While the median house value has remained stable with no change over the past year, the rental market for houses has experienced a modest 4.0% increase. This steady rise in rental prices indicates a consistent demand for housing, which can provide reliable rental income for investors. The rental growth for units, although lower at 2.1%, still reflects a positive trend, supporting the overall attractiveness of investing in this suburb.

    Overall, Armstrong Creek offers a unique mix of stability in the housing market and significant growth potential in the unit market. This combination makes it an appealing choice for investors looking for both capital appreciation and rental income. The suburb's evolving landscape and growing popularity suggest that it could continue to develop as a desirable location for both residents and investors alike.

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