Footscray

Footscray, located approximately 5 km west of Melbourne’s Central Business District, is part of the City of Maribyrnong. This vibrant and diverse suburb is known for its rich multicultural heritage, dynamic arts scene, and bustling market atmosphere, making it a unique and lively place to live.

Demographic Profile

• Population: According to the 2021 census, the population of Footscray was 17,131.
• Predominant Age Group: Attracts a mix of young professionals, students, and families, primarily in the 20-39 age group.
• Median Household Income: Reflective of a diverse socio-economic range, with many students and young professionals.
• Occupancy: A balance of homeowners and renters trending towards more apartment living due to recent developments.

Real Estate and Growth

• Median House Prices: The median house price in Footscray is around AUD 850,000.
• Median Unit Prices: Units, including apartments, have a median price of approximately AUD 500,000.
• Rental Market: The median rent for houses is about AUD 400 per week, while for units, it’s around AUD 350 per week.
• Market Trends: Footscray has been undergoing significant urban renewal, leading to growth in property values and increased interest from investors and homebuyers.

Education and Lifestyle

• Schools: Home to various educational institutions, including Footscray City College and Victoria University’s Footscray Park Campus.
• Local Vibe: Known for its vibrant atmosphere, with many ethnic restaurants, cafes, and shops.
• Community Insights: Appreciated for its rich cultural diversity and arts scene, including the Footscray Community Arts Centre.

Transportation

• Public Transport: Well-served by Footscray Station, offering train and bus services and easy access to the city and surrounding suburbs.
• Accessibility: Good road connectivity with easy access to the city via the West Gate Freeway.

Notable Features

• Proximity to the City: Just a short train ride or drive to Melbourne’s CBD.
• Cultural Hotspots: Includes the bustling Footscray Market and a range of international cuisines, reflecting its multicultural community.
• Recreational Areas: Nearby Maribyrnong River offers scenic walking and cycling paths.

Footscray is a suburb with a rich cultural tapestry, appealing to those who enjoy an urban lifestyle with a strong community feel. Its ongoing development, affordable housing options, and proximity to the city centre make it an increasingly popular choice for diverse residents.