VIC has seen average median house prices change by 9.12% which means that West Footscray, 3012 has done well for property investors by showing a capital gain of 7.71% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West Footscray has increased when compared to the 5 year average annual rate.
The most recent median price for West Footscray is $677500, with sellers offering an average of -3.37% off the asking price.
Often selling an investment property can take time, and in West Footscray the average time real estate has been on the market is 69.59 days.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 9.06%, investors should hope to achieve an overall return of 3.07%
At number 1437th in the list of Australian suburbs ordered by increase in median house value over the last year, West Footscray, 3012 is in the BOTTOM 20% with a property value increase of -5.00% recorded in median house prices.
Over the longer term, West Footscray has seen property prices show investors a 15.85% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for West Footscray is $380000, with sellers offering an average of -9.23% off the asking price.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 8.40%, investors should hope to achieve an overall return of 3.97%