VIC/
West footscray

Suburb Profile

West Footscray - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3012

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WEST FOOTSCRAY, 3012 ranks 1977th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 5.59% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $897,500.

The upward trend in home prices in WEST FOOTSCRAY, 3012 averaged 13.59% per annum over a 3-year period.

Average weekly rents on listings have reached the $430 mark, reflecting a 2.49% increase in returns based on the current median price in WEST FOOTSCRAY.

An average of 10.25 real estate transactions take place per month in WEST FOOTSCRAY which translates to 123 per annum.

123 properties were sold in WEST FOOTSCRAY in 2016, making it the 636th most active market in VIC based on total real estate transactions.

WEST FOOTSCRAY, 3012 places 505th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $897,500 $427,500
GROWTH REPORT
Median Quarterly -0.28% -0.33%
Median 12 month 5.59% 0%
Median 3 years 40.78% 4.52%
Median 5 years 76.85% 20.42%
10 years average annual 7.86% 5.48%
Weekly media advert. rent $430 $320
Time on Market 54.2 days 76.5 days
Gross Rental Yield Percent 2.49% 3.89%
demographics (median values)
Total Population
9778
Weekly Household Income
816.6
Household Size
2.30
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West Footscray, VIC
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