Investors
When buying an apartment, it’s important to know that the developer is invested in the community, and that your home is part of something larger. Liberty One is a future-focused development, and thanks to an urban planning scheme initiated and backed by local government, there is a commitment to the creation of a fully functioning precinct.
With several other local residential buildings already under construction, and due for completion prior to Liberty One, residents will benefit from the work already undertaken, including networked streets, planting, retail and dining offerings, and existing neighbourhood communities.
FOOTSCRAY’S KEY DRIVERS
Employment
by 2026
Population Growth
by 2021
Infrastructure Investment
by 2026
Source: Urbis 2018
WHY INVEST IN FOOTSCRAY?
Inner city
location
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 Johns 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
Download your investment pack
DownloadTo 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