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 25.73%
The five-year average increase in median property values for West Footscray,3012 has given property investors a potential capital gain of 74.25% across each of those five years.
West Footscray, 3012 is offering VIC ‘s 580th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
With the median price for a house in West Footscray being $865000 and the advertised rent reaching $427.5 the gross rental yield for property investors calculates out to be 2.57%
If you compare the increase in value of investment property in West Footscray, 3012 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -7.22%.
West Footscray,3012 has offered an average of -7.22% return per annum in house price rises to property investors over the last three years.
West Footscray3012 is located in VIC which offers an average discount of -4.83% to property investors. West Footscray itself is showing figures that indicate -6.39% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 7.58 sales per month, which equates to 91 per year.
West Footscray is 179th on a list of best yielding suburbs for rents in VIC with a 4.11% return