Above-average rental yield provides strong cashflow and income support for investors.
VERDICT
STRONG BUY
Cashflow Opportunity
DEMAND
58 buyers/listing
Strong↑
LIQUIDITY
44d DOM
Weak↓
AFFORDABILITY
-20.0% vs 5yr
Strong↑
GROWTH OUTLOOK
Strong
Strong↑
YIELD
6.3%
Strong↑
SUPPLY PRESSURE
1.8% vacancy
Neutral→
#3/206StrongStructure 85$680KTop 1.4% nationally
Atlaso rates Footscray units as STRONG BUY, our highest conviction rating. Vacancy remains tight at 1.76%, and rental yield of 6.3% provides strong cashflow support. Historically, 90% of suburbs we rate STRONG BUY grew more than 8% annually.
At $680K, Footscray ranks #3 of 206 units in Melbourne. The long-term structural outlook is Strong. Prices remain 20% below their 5-year trend, suggesting room for recovery.
Atlaso rates Footscray as STRONG BUY confidence for capital growth. In our out-of-sample testing, 90% of our STRONG BUY suburbs grew more than 8% annually. Our model analyses price trends, volume, demographics, and market conditions across Footscray and 46 Australian cities to generate this rating.
What is the median house price in Footscray?
The current median house price in Footscray, vic is $680K, with annual growth of +25.8%. Properties sell in approximately 44 days.
How fast do properties sell in Footscray?
Properties in Footscray sell in 44 days on average. The market is currently rated Strong. This is in line with the broader market.
What is the growth outlook for Footscray?
Atlaso's model analyses 23 structural signals including price history, volume trends, yields, and vacancy to rate Footscray's growth potential. The model predicts whether a suburb is likely to outperform, not by how much. Our ratings have been validated across 46 Australian cities, with 90% of top-rated suburbs growing more than 8% a year.
What is the rental yield in Footscray?
The gross rental yield for houses in Footscray is 6.3%. This is above the national average, making it attractive for yield-focused investors.
Important: Atlaso provides general research information only and does not constitute personal financial advice, property advice, or a recommendation to buy, sell, or hold any property. Suburb scores, growth ratings, rental yield estimates, and market signals are based on quantitative models using historical data. They are not guarantees of future performance. Property values can fall as well as rise. You should seek independent licensed financial and property advice before making any investment decision. Atlaso Pty Ltd (ABN 84 696 036 469) is not a licensed financial adviser and does not hold an Australian Financial Services Licence (AFSL).