Investment property in West Footscray has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 24.82%
Across a shorter period, West Footscray, 3012 has seen a median price increase of 3.53% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in West Footscray itself are offering an average vendor discount of -2.50% to real estate investors.
At number 971 in a list of fastest selling suburbs, West Footscray is in the TOP 30% of suburbs in Australia with an average of days on market 54.28 for properties listed there.
Situated 8.32km from the CBD, West Footscray is one of Maribyrnong localities in the postcode 3012.
Property investors who have had real estate in West Footscray, 3012 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.72%
Comparing West Footscray,3012 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in West Footscray, 3012. Typically our figures indicate that -6.46% is being offered, which puts this VIC suburb at 364th most discounted overall in Australia.
West Footscray, 3012’s gross rental yield is 4.05%