VIC/
West footscray

Suburb Profile

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

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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 $895,000.

The upward trend in home prices in WEST FOOTSCRAY, 3012 averaged 14.78% per annum over a 3-year period.

Average weekly rents on listings have reached the $432.5 mark, reflecting a 2.51% increase in returns based on the current median price in WEST FOOTSCRAY.

An average of 9.25 real estate transactions take place per month in WEST FOOTSCRAY which translates to 111 per annum.

111 properties were sold in WEST FOOTSCRAY in 2016, making it the 675th most active market in VIC based on total real estate transactions.

WEST FOOTSCRAY, 3012 places 428th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $895,000 $380,000
GROWTH REPORT
Median Quarterly 1.7% -8.54%
Median 12 month 13.43% -12.64%
Median 3 years 44.35% -5%
Median 5 years 73.79% 10.3%
10 years average annual 8.39% 5.08%
Weekly media advert. rent $432.5 $311
Time on Market 53.3 days 96.6 days
Gross Rental Yield Percent 2.51% 4.26%
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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