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West Footscray
AREA REPORTS

West Footscray

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

house
unit

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.

Data report can be found below

West Footscray
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%
demographics (median values)*
Total Population
26298
Weekly Household Income
1483
Household Size
2.50
Age
33
Monthly Loan Repayment
1987
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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