Footscray
Property profile for Footscray, Melbourne. Median prices and property calculators.
Median Prices
Median House Price
$950,000
Approximate median for Footscray, Melbourne
Median Unit Price
$420,000
Approximate median for Footscray, Melbourne
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Estimated Stamp Duty
$42,250
On median house price of $950,000
Estimated Monthly Mortgage
$4,655
80% LVR, 6.2% rate, 30yr P&I
Estimated Deposit Needed
$190,000
20% of median house price
Estimates are approximate and based on the median house price. Use our calculators for exact figures.
About Footscray
Footscray is an inner-western suburb undergoing rapid transformation, located just five kilometres from Melbourne's CBD. Long celebrated for its multicultural character, the suburb is home to the Footscray Market, one of Melbourne's most authentic fresh food markets, and a remarkable diversity of Vietnamese, Ethiopian, Indian, and African restaurants along its main streets. Property in Footscray includes weatherboard cottages from the early twentieth century, Victorian-era workers' homes, and a growing number of contemporary apartment developments reflecting the suburb's gentrification. The Maribyrnong River forms the suburb's western boundary, providing scenic walking and cycling paths. Footscray Park offers expansive river views and heritage gardens. Transport connections are strong, with Footscray station serving as a major interchange for multiple V/Line and Metro train lines, and bus routes connecting to surrounding suburbs. The suburb is also close to the West Gate Freeway for road commuters. Victoria University's Footscray campus adds a student population to the community mix. Footscray appeals to first home buyers seeking relative affordability close to the city, young professionals attracted by the food scene and creative culture, and investors who see long-term growth potential in this gentrifying suburb.