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West Footscray

Suburb Profile

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

house
unit

WEST FOOTSCRAY, 3012 ranks 1305th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 10.07% 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 $836,500.

The downward trend in home prices in WEST FOOTSCRAY, 3012 averaged -1.59% per annum over a 3-year period.

Average weekly rents on listings have reached the $440 mark, reflecting a 2.74% increase in returns based on the current median price in WEST FOOTSCRAY.

An average of 8.92 real estate transactions take place per month in WEST FOOTSCRAY which translates to 107 per annum.

107 properties were sold in WEST FOOTSCRAY in 2016, making it the 733rd most active market in VIC based on total real estate transactions.

WEST FOOTSCRAY, 3012 places 455th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $836,500 $605,000
GROWTH REPORT
Median Quarterly 0.8% 0.41%
Median 12 month 10.07% 22.84%
Median 3 years -4.78% 37.5%
Median 5 years 28.1% 34.44%
10 years average annual 4.68% 7.69%
Weekly media advert. rent $440 $340
Time on Market 49.7 days 63.4 days
Gross Rental Yield Percent 2.74% 2.92%
demographics (median values)
Total Population
9778
Weekly Household Income
816.6
Household Size
2.30
demographics
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