VIC 3011

Footscray, VIC - Investment Profile

$920K
Median House Price
$420K
Median Unit Price
3.1%
Gross Yield (House)
4.8%
Gross Yield (Unit)
+6.2%
Annual Growth
2.1%
Vacancy Rate

Investment Overview

Footscray is a rapidly gentrifying suburb in Melbourne's inner west, approximately 5km from the CBD. Once considered a budget alternative to inner-city suburbs, it has undergone significant transformation with new cafes, restaurants, and cultural venues. The suburb offers excellent transport connections via Footscray Station (a major train and bus hub) and is set to benefit from the Melbourne Metro Tunnel project. With relatively affordable entry prices compared to nearby suburbs, Footscray presents a compelling growth story for investors willing to ride the gentrification wave.

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