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West FootscrayWest Footscray - SUBURB PROFILE REPORT
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WEST FOOTSCRAY, 3012 ranks 2291st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 8.05% 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 $872,000.
The upward trend in home prices in WEST FOOTSCRAY, 3012 averaged 0.08% per annum over a 3-year period.
Average weekly rents on listings have reached the $470 mark, reflecting a 2.8% increase in returns based on the current median price in WEST FOOTSCRAY.
An average of 9.58 real estate transactions take place per month in WEST FOOTSCRAY which translates to 115 per annum.
115 properties were sold in WEST FOOTSCRAY in 2016, making it the 741st most active market in VIC based on total real estate transactions.
WEST FOOTSCRAY, 3012 places 318th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $872,000 | $600,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.81% | -0.83% |
| Median 12 month | 8.05% | 19.4% |
| Median 3 years | 0.23% | 26.32% |
| Median 5 years | 30.15% | 36.36% |
| 10 years average annual | 4.96% | 7.41% |
| Weekly media advert. rent | $470 | $350 |
| Time on Market | 53.8 days | 71.0 days |
| Gross Rental Yield Percent | 2.8% | 3.03% |
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