Over the last year, property investments in West Footscray, 3012 have given investors a capital gain of 11.84%. This compares favourably with the 8.06% for VIC as a whole.
The five-year average increase in median property values for West Footscray,3012 has given property investors a potential capital gain of 50.91% across each of those five years.
Property buyers and investors in West Footscray 3012 should be seeing an average reduction in asking price of around -5.41% . This means that West Footscray is holding prices well when compared to other suburbs in VIC.
Situated 8.38km from the CBD, West Footscray is one of Maribyrnong localities in the postcode 3012.
West Footscray has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 7.99% to date .
Taking the average capital gain, or increase in median house value, West Footscray,3012 has racked up an average of 7.99% over the period. This ranks it number 902th in the whole country for real estate investors looking at median house price increases.
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 -4.58% is being offered, which puts this VIC suburb at 912th most discounted overall in Australia.
Residents and property investors in West Footscray have been waiting around 100.61 days to sell a property.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 7.81%, investors should hope to achieve an overall return of 3.69%