If you compare the increase in value of investment property in West Footscray, 3012 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.15%.
Comparing West Footscray,3012 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in West Footscray is giving property investors an average Vendor Discount of around -3.35%. This puts suburb at number 537th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 9.42 sales per month, which equates to 113 per year.
West Footscray is 440th on a list of best yielding suburbs for rents in VIC with a 3.01% return
Giving property investors a a poor capital gain of -5.30% for the last year, West Footscray, 3012 is the 1406th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, West Footscray,3012 has racked up an average of -5.30% over the period. This ranks it number 1153th in the whole country for real estate investors looking at median house price increases.
The most recent median price for West Footscray is $380000, with sellers offering an average of -8.54% off the asking price.
At number 856 in a list of fastest selling suburbs, West Footscray is just in the bottom half of suburbs in Australia with an average of days on market 79.71 for properties listed there.
West Footscray is 204th on a list of best yielding suburbs for rents in VIC with a 4.09% return