Footscray, located in the City of Maribyrnong, Victoria, has been experiencing a dynamic transformation in its housing market over recent years. Known for its eclectic mix of cultures, affordable housing options, and proximity to Melbourne's central business district, Footscray has become a diverse and vibrant place to live. The housing market in this suburb is characterized by a combination of Victorian-era homes, modern apartments, and new developments, reflecting both its rich history and ongoing urban renewal. Property prices in Footscray have been steadily increasing, driven by growing demand from young professionals, families, and investors looking to capitalize on the suburb's potential. The area also benefits from its excellent public transport links, with multiple train and bus routes providing easy access to Melbourne CBD, making it an attractive option for commuters.
Living in Footscray offers residents a rich cultural tapestry and a bustling urban lifestyle. The suburb is renowned for its multicultural community, with a vibrant assortment of food markets, diverse dining options, and cultural festivals that celebrate its rich immigrant history. This cultural diversity is mirrored in the array of cuisines available, from Vietnamese and Indian to African and Middle Eastern, making Footscray a culinary hotspot. The community is further enriched with artistic venues, live music scenes, and sporting facilities, offering plenty of leisure and recreational options. Additionally, Footscray offers an abundance of green spaces, including the picturesque Footscray Park and Maribyrnong River, which provide residents with opportunities for outdoor activities and relaxation. Overall, Footscray presents a lively and inclusive living environment that appeals to individuals and families seeking both cultural vibrancy and urban conveniences.
Median Weekly Rent | $372.08 |
Median Monthly Mortgage | $2032.88 |
Median Persons Per bed houseroom | 0.96 |
Average Household Size | 2.15 |
Average Age | 34.73 |
Average Income | $942.55 |
Average Cars Per Dwelling | 1.15 |
Average Properties Within 50M | 168 |
Typical 1 bed house | $502,000 |
Typical 2 bed house | $869,000 |
Typical 3 bed house | $1,414,000 |
Typical 4 bed house | $1,702,000 |
Typical 5 bed house | $1,997,000 |
Typical 6 bed+ house | $1,645,000 |
Housing Stock
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Thinking about buying in Footscray? Now could not be a better time, with 16435 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $884,000 with prices in this suburb ranging from $107,000 to $3,795,000. Footscray is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Footscray are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Footscray provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Footscray requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
Instant Property ValuationGilmore College For Girls
Footscray North Primary School
Footscray City Primary School
Footscray Primary School
Footscray City College
St Monica's School
St John's School
Footscray West Primary School
St Augustine's School
Maribyrnong Secondary College
(While the above schools are located with the suburb of Footscray there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 15.0 | 27.7 | 39.0 | 86.3 | 5.3 | 24.8 |
Feb | 1.3 | 15.1 | 26.9 | 42.3 | 89.0 | 4.9 | 20.6 |
Mar | 1.2 | 13.7 | 24.8 | 43.5 | 88.7 | 4.6 | 16.0 |
Apr | 1.6 | 10.9 | 21.1 | 48.2 | 91.3 | 4.3 | 11.7 |
May | 1.4 | 8.6 | 17.1 | 56.6 | 92.2 | 4.7 | 8.5 |
Jun | 1.4 | 6.5 | 14.4 | 64.1 | 94.3 | 4.3 | 7.4 |
Jul | 1.2 | 6.5 | 14.0 | 61.6 | 92.9 | 5.2 | 7.7 |
Aug | 1.4 | 6.7 | 14.9 | 54.8 | 92.0 | 5.4 | 10.2 |
Sept | 1.7 | 8.1 | 17.9 | 47.7 | 90.7 | 5.4 | 14.4 |
Oct | 1.6 | 9.5 | 20.7 | 44.5 | 90.7 | 5.3 | 19.0 |
Nov | 2.3 | 11.5 | 23.1 | 43.9 | 90.3 | 5.1 | 21.4 |
Dec | 1.8 | 13.2 | 25.6 | 41.0 | 88.3 | 5.1 | 24.8 |
source: Australian Government Bureau of Meteorology
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