Footscray vs Lake Fyans
Property investment comparison - Footscray, VIC 3011 vs Lake Fyans, VIC 3381
Head-to-head across core investment metrics: Footscray wins 1, Lake Fyans wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Footscray | Lake Fyans |
|---|---|---|
| Median house price | $935K | $925K |
| Median unit price | $470K | - |
| Gross rental yield (houses) | 3.49% | - |
| Gross rental yield (units) | 5.80% | - |
| 1-year house growth | -0.9% | - |
| 3-year house growth | +1.1% | - |
| Vacancy rate | 1.5% | 6.3% |
| Population | 17,131 | 23 |
Footscray vs Lake Fyans: what the numbers say
The median house price is $935K in Footscray and $925K in Lake Fyans, so Lake Fyans is the cheaper entry point, with Footscray houses about 1% dearer.
Rental vacancy is 1.5% in Footscray and 6.3% in Lake Fyans, so landlords in Footscray face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Footscray is the bigger suburb, with a population of 17,131 against 23, roughly 745 times the size of Lake Fyans; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Lake Fyans for a lower purchase price, Footscray for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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