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Footscray, VIC 3011
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$935,000
market range $875K-$1.1M
Median Unit
$470,000
market range $425K-$550K
Gross Yield (houses)
3.5%
1yr Growth (houses)
-0.9%
market range -5.0% to +2.5%
Investment snapshot for Footscray
Footscray has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Footscray market and investor summary
In Footscray, VIC 3011, the median house sells for around $935K, on a gross rental yield of 3.5% for houses. House prices have moved -0.9% over the past year and +1.1% over three years. At 1.5% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.5% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.5% and a resident base that is not shrinking.
Living in Footscray: people, income and schools
Footscray is home to around 17,131 people, and the area has been growing steadily, up about 13% over five years. At a median age of 34, it reads as broadly working-age, with renters making up 62% of households. A renter base that size keeps demand for well-priced rentals fairly consistent, though rents do most of the work on the return.
The typical household income runs to around $92,000 a year (about $1,760 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 10.2 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 34% over five years, which tends to underpin what local buyers can pay.
Families have 78 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Footscray sits about 5.0 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 80 for walkability and 100 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 17,131
- +13% over 5yr
- Median age
- 34 years
- Median household income
- $92,000/yr
- Households renting
- 62%
- Family households
- 33%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 78
- avg ICSEA 1085
- Unemployment
- 5.6%
- Distance to CBD
- 5.0 km
- Walk score
- 80/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Footscray
View all →Frequently asked questions about Footscray
What should I check before investing in Footscray?
Footscray has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.8%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (1.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Footscray?
The median property price in Footscray, VIC 3011 is $935K for houses and $470K for units.
What rental yield does Footscray show?
The gross rental yield in Footscray is 3.5% for houses and 5.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Footscray?
House prices in Footscray are down 0.9% over the past year and up 1.1% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Footscray?
The current vacancy rate in Footscray is 1.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Footscray?
Footscray has a population of approximately 17,131 residents, with a median age of 34.
What schools are near Footscray?
There are 78 schools within roughly 5km of Footscray. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Footscray affordable to buy in?
A median house in Footscray costs about 10.2 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Footscray's population growing?
The population of Footscray has grown about 13% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Footscray from the CBD?
Footscray is about 5.0 km from the CBD.
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