VIC has seen average median house prices change by 8.27% which means that West Footscray, 3012 has done well for property investors by showing a capital gain of 16.83% over the last year
West Footscray,3012 was ranked 441 in Australia by increase in median property value over the quarter.
Vendor discounting in West Footscray is giving property investors an average Vendor Discount of around -6.22%. This puts suburb at number 229th in VIC when ranking the most discounted suburbs.
With a capital gain of 9.34% for the last 12 months, West Footscray, 3012 has performed for property investments than its average annual 6.97% property growth over the last 5 years.
Across a shorter period, West Footscray, 3012 has seen a median price increase of 1.96% over the last quarter.
Sellers are offering property buyers an average discount of -4.76% to buyers in West Footscray at the moment, which is less than average for the rest of VIC.
Residents and property investors in West Footscray have been waiting around 91.17 days to sell a property.
Advertised rents are around the $300 mark per week – giving a return of 3.75% based on the median price in Suburb