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West Footscray

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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,016,000.

The upward trend in home prices in WEST FOOTSCRAY, 3012 averaged 2.5% per annum over a 3-year period.

Average weekly rents on listings have reached the $620 mark, reflecting a 3.17% increase in returns based on the current median price in WEST FOOTSCRAY.

An average of 9.83 real estate transactions take place per month in WEST FOOTSCRAY which translates to 118 per annum.

118 properties were sold in WEST FOOTSCRAY in 2016, making it the 671st most active market in VIC based on total real estate transactions.

WEST FOOTSCRAY, 3012 places 126th in Australia based on median property value growth during the quarter.

Surburb overview

West Footscray, postcode 3012, is an inner-city suburb located approximately 8 kilometres west of Melbourne's Central Business District (CBD).  According to the 2021 census, it has a population of 11,729 residents.  The suburb is characterised by a diverse demographic, including young professionals, families, and retirees, with a median age of 35.  Most of the population comprises couples with children, reflecting a family-friendly environment. 

Public transportation in West Footscray is well-developed, offering residents convenient access to various parts of Melbourne. The West Footscray railway station on the Sunbury line serves the suburb, facilitating easy travel to and from the CBD and surrounding areas.  Additionally, several bus routes operate through West Footscray, providing further connectivity options. 

West Footscray has various essential establishments, including educational institutions, healthcare facilities, and shopping centres. The suburb boasts a variety of cafes, restaurants, and boutique shops, contributing to a vibrant local economy.  The presence of parks and recreational facilities enhances the quality of life for residents, offering spaces for leisure and community activities. 

Recreational activities are abundant in West Footscray, with numerous parks and green spaces available for public use. The picturesque Whitten Oval serves as the home training ground of the AFL team Western Bulldogs, providing opportunities for sports enthusiasts.  Additionally, the suburb's proximity to the Maribyrnong River offers residents access to walking and cycling trails, catering to active individuals seeking to maintain a healthy lifestyle. 

West Footscray's blend of urban convenience and community-oriented living makes it a desirable location for diverse residents. 

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