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Insights for

Investors

Footscray has consistently been identified as a key suburb to invest in. Recent data from realestate.com.au revealed Melbourne’s west as the nation’s strongest growing region over the past five years. The combined western suburbs recorded 36.9 per cent growth in median house price from June 2014 to June 2019,* with experts indicating population growth and relative affordability contributing to the driving growth in the area. The median price of a house in the west went from $412,698 five years ago to $565,000 in June this year.

In addition, apartment markets are leading Melbourne’s recovery from the post boom downturn.** As more buyers and renters look to apartments as an affordable housing alternative, Footscray is an attractive offer. The location is unequalled in culture and dining options, driven by a diverse migrant population. In recent years, the area has undergone gentrification as a result of a spill-over of growth from Melbourne. Suburbs such as Footscray, which are close to the Melbourne CBD and highly desirable, look set to continue their strong performance in years to come.

*Why you should buy in Melbourne’s western suburbs

**Apartment markets leading Melbourne’s real estate recovery

Rental guarantee

based on 5 year blocks

Rental yield

On selected apartments only. Terms & conditions apply

FOOTSCRAY’S KEY DRIVERS

Employment

by 2026

Population Growth

by 2021

Infrastructure Investment

by 2026

Source: Urbis 2018

WHY INVEST IN FOOTSCRAY?

Inner city
locatio
n

Liberty One is only 4km to the CBD with outstanding transport connections, 3 stops on the train to Melbourne’s CBD and only 15 minutes to the airport by car. Footscray is also one of the last suburbs within 4km of the city that hasn’t boomed.

Population
Growth

By 2031, the population of Footscray is projected to more than double to approximately 42,600 residents.

Source: ABS, Urbis

Government
Investment

Total Government infrastructure investment by 2026 is estimated at $31 billion including the West Gate Tunnel Project, Metro Rail, and Footscray Hospital Redevelopment.

Affordability

Footscray punches well above its weight in terms of affordability compared to suburbs of equal proximity to the city. For example, median house prices are $863,000 in Footscray, compared to Prahran’s $1,500,000. Projections suggest that this present gap is certain to narrow rapidly over the next
few years.

Source: ABS, Urbis

Education

There are 23 top schools & universities in Footscray and neighbouring suburbs including RMIT Universtity, Victoria University, University of Melbourne, La Trobe University, St John’s Catholic School and Gilmore College.

Rental Demand

High rental demand & low vacancy rate of 1.4% signifies the interest for rental properties in Footscray compared to other neighbouring suburbs.

Gross yields in the Footscray market are strong, achieving approximately 5% return.

Source: ABS, Urbis

Rental Market

Footscray has an established and growing rental market with 64% of residents renting their homes as at 2016, increasing from 56% in 2011. The share of renters in Footscray greatly exceeds those across Greater Melbourne at 31% in 2016.

Source: ABS; Urbis 2018

VALUE OF COMPARABLE SUBURBS

Footscray represents outstanding value in comparison to other similar Melbourne suburbs. The Inner West of Melbourne is significantly undervalued compared with other areas of equal proximity to the CBD. A median price comparison of suburbs within similar distance to Melbourne’s CBD indicates the current disparity. All projections suggest that this present gap is certain to narrow rapidly over the next few years.

Source: realestate.com.au & RP Data

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REGISTER YOUR INTEREST

To learn more about the homes
available at Liberty One:

SALES
Jayce McMeeken
Call 0436 014 419 or email here

VISIT THE DISPLAY SUITE
Open Wednesday to Sunday, 12pm – 4pm
10 Moreland Street, Footscray
Directions

To learn more about the homes
available at Liberty One:

SALES
Jayce McMeeken
Call 0436 014 419 or email here

VISIT THE DISPLAY SUITE
Open Wednesday to Sunday, 12pm – 4pm
10 Moreland Street, Footscray
Directions