West Footscray

POSTAL CODE: VIC, 3012

HOUSE

UNIT

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 $1,050,000.

The upward trend in home prices in WEST FOOTSCRAY, 3012 averaged 4.1% per annum over a 3-year period.

Average weekly rents on listings have reached the $627.5 mark, reflecting a 3.11% increase in returns based on the current median price in WEST FOOTSCRAY.

An average of 9.92 real estate transactions take place per month in WEST FOOTSCRAY which translates to 119 per annum.

119 properties were sold in WEST FOOTSCRAY in 2016, making it the 683rd most active market in VIC based on total real estate transactions.

WEST FOOTSCRAY, 3012 places 585th in Australia based on median property value growth during the quarter.

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 $449,000.

Investors saw the median home price rise to $449,000.

The downward trend in home prices in WEST FOOTSCRAY, 3012 averaged -7.08% per annum over a 3-year period.

WEST FOOTSCRAY now ranks at the 226th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in WEST FOOTSCRAY are high, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $470 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In WEST FOOTSCRAY, homes and units usually stay on listing for an average of 63.3 days.

104 properties were sold in WEST FOOTSCRAY in 2016, making it the 396th most active market in VIC based on total real estate transactions.

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.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Free investor loan check

Better property decisions start with smarter lending.

A free 15-minute finance check for property investors.

15 minutes Free No obligation

What are your lending goals?

Choose a goal to request a callback.

Buying againCheck my borrowing position Equity or refinanceReview my current loans Loan strategyGet a second opinion

Ready to talk?

Book a 15-minute call →

Finni Pty Ltd · Australian Credit Licence 384324 · Privacy

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,050,000	$449,000
Growth Report
Median Quarterly	-3.23%	-0.22%
Median 12 month	15.38%	-15.84%
Median 3 years	12.3%	-21.23%
Median 5 years	11.11%	-23.9%
10 years average annual	5.31%	0.7%
Weekly media advert. rent	$628	$470
Time on Market	52.1 days	63.3 days
Gross Rental Yield Percent	3.11%	5.44%

Demographics (Median Values)*

Total Population 26298

Weekly Household Income 1483

Household Size 2.50

Average 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.

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type

.module-ajax-wrapper-js-only-732 { display: none !important; }