At number 1563th in the list of Australian suburbs ordered by increase in median house value over the last year, West Footscray, 3012 is in the top 40% with a property value increase of 8.53% recorded in median house prices.
A 27.27% growth in median value for property investors in West Footscray,3012 puts this suburb at number 306th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that West Footscray is offering property investors an average of -6.06. This rate of discount on properties puts Suburb at number 517th in terms of most discounted suburbs in VIC
Advertised rents are around the $400 mark per week – giving a return of 2.97% based on the median price in Suburb
West Footscray has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -1.56% to date .
Taking the average capital gain, or increase in median house value, West Footscray,3012 has racked up an average of -1.56% over the period. This ranks it number 1032th in the whole country for real estate investors looking at median house price increases.
West Footscray, 3012 is offering VIC ‘s 24th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.