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Suburb Insights ยท VIC 3011

Footscray 3011, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Footscray is an inner-city suburb of Melbourne, Australia, with a population of approximately 17,131, making it a smaller community. Located approximately 6 km from the Melbourne CBD, Footscray is a inner city area in Victoria. The median household income is $91,676 AUD per year (ABS 2021 Census).

Investment Score

74 / 100 Good

Footscray benefits from a high-income resident base, supporting premium property pricing. The short commute to the city centre is a key demand driver.

Location

Map shows Footscray, Victoria, Australia.

Key Indicators

Postcode
3011

Official Australia Post postcode for Footscray. A postcode may cover multiple suburbs.

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Population
17,131

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$355/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$91,676/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
6 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
4

Estimated 4 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
7

Estimated 7 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,940/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
25% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As an inner-city location, Footscray benefits from proximity to employment, dining, and cultural precincts. Investment properties here typically attract young professionals and downsizers seeking walkable lifestyles. The median rent of $355/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,940/month. The median household income of $91,676/year reflects a solid demographic, supporting sustainable rental demand. With only 25% separate houses, Footscray has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, Footscray is a natural candidate for patient investors.

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Rental Yield

Expect competitive but not exceptional rental returns in Footscray's current market.

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Renovation / Flip

Renovation in Footscray requires careful cost analysis โ€” the margin is there but not always wide.

Risk Factors

Run the numbers on a Footscray property

Full Property Analysis

30-year projections for Footscray

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

Footscray is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. Tenants in Footscray have options โ€” presenting well-maintained properties is key to minimising vacancy. Footscray remains on the radar of active property investors in Victoria.

Frequently Asked Questions

Is Footscray a good suburb for investment?

Footscray is a inner city area in Victoria with a population of 17,131. The median rent is $355/week and the median household income is $91,676/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Footscray?

Key demand drivers in Footscray include employment proximity and urban lifestyle. 25% of dwellings are separate houses. The area has approximately 4 schools and 7 parks nearby.

What is the population of Footscray?

According to the ABS 2021 Census, Footscray has a population of approximately 17,131. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Footscray from the Melbourne CBD?

Footscray is approximately 6 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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