Footscray is an inner-west Melbourne suburb undergoing significant urban renewal, driven by the Victoria University precinct and the growing Footscray Hospital. Its multicultural character, vibrant food scene, and just 6km from the CBD have made it a favourite among young buyers priced out of adjacent suburbs. At the current $810k median house price, an 80% loan at 6.25% over 30 years is about $3,990 per month.
| Median house price | $810,000 |
|---|---|
| Median unit price | $520,000 |
| Estimated monthly repayment | $3,990 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 3.2% |
| Gross rental yield | 3.5% |
| Typical days on market | 24 |
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