Loan pre-approvals by banks can be confusing. They aren't a rubber stamp to buy whatever you want, but some buyers are being a little too cautious.
Investing in Armadale property
Armadale is a well-regarded suburb that has much to offer. Nestled between Toorak and Malvern, Armadale has many shopping and public transport options. Popular with young professional singles and couples, Armadale presents excellent opportunities for investors.
High Street – Armadale’s go to local shopping strip – bustle, with cafes, restaurants, antique stores, bridal shops and an assortment of other retail boutiques. High Street is a perfect representation of the mix of styles, personalities and tastes that characterises the suburb's residents. Glenferrie Road is on the border with Malvern and provides additional retail therapy for Armadale residents.
Armadale’s proximity to the city and access to public transport is another key component of its appeal. It has a range of public transport routes that criss-cross the suburb and on to other destinations, making it ideal for those who prefer a car-free commute to work. Many residents commute to and from Armadale and Toorak train stations or hop on buses and trams.
Armadale is home to Armadale Primary School as well as Lauriston Girls School and The King David School – the latter two offer prep-to-year-12 schooling. There are also several parks throughout the suburb including Toorak Park, Armadale Reserve and Union Reserve.
Armadale provides investing opportunities for those looking at houses or apartments. It is filled with high-quality single fronted homes on consistent tree lined streetscapes. The suburb is also home to some quality 1930s to 1970s apartment blocks. Remember to seek out one or two bedroom apartments in low rise blocks with off street parking when choosing to invest.
Note we have some concern regarding the growing number of high-rise apartments in surrounding suburbs, their possible spread into Armadale and any impact this may have on supply and demand in the area.
Armadale’s great mix of shopping and attractive residences ensure the area's continued reputation as a great Melbourne investment suburb. And after years of buying properties in the area and analysis of thousands of sales over 21 years, Wakelin Property Advisory has an Armadale suburb expertise unmatched by any buyer’s advocate or buyer’s agent.