At number 332th in the list of Australian suburbs ordered by increase in median house value over the last year, West Footscray, 3012 is in the top 10% with a property value increase of 19.56% recorded in median house prices.
West Footscray,3012 was ranked 790 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in West Footscray should be aiming for at least -6.14% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 118 properties changed hands in West Footscray, which puts it as the 226th most active market in VIC when comparing the number of sales per suburb.
West Footscray, 3012’s gross rental yield is 2.66%
VIC has seen average median house prices change by 4.26% which means that West Footscray, 3012 has done well for property investors by showing a capital gain of 9.21% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, West Footscray comes in at number 246th in VIC.
Our latest figures would indicate that property sellers in West Footscray are currently offering property investors an average price cut of -6.17% below the asking price at the moment.
Property investors should expect to get $300 weekly from the median priced house in this suburb.