SNAPSHOT OF FOOTSCRAY
Voted one of the 50 coolest neighbourhoods in the world by local Time Out experts and editors, Footscray is a vibrant hub for cultural diversity, contemporary arts and fabulous food.
Located a stone’s throw from the city and home to Victoria University, Footscray is a popular place to live for students and young singles as well as families from all walks of life.
The boundaries of Footscray run along the Maribyrnong River to the east, Summerhill Road and Warleigh Road to the west, Buckley Street and Bristow Street to the south, and Quarry Park to the north.
It’s industrial past boasts an eclectic array of housing from Victorian-era workers cottages and terraces, to post-war blocks of flats and units. An abundance of factories and warehouses are still to be found in and around the suburb, with some former industrial sites now being transformed into modern housing estates. The largest one of note is perhaps the former Footscray Ammunition Factory. Located in a prime elevated position overlooking the banks of the Maribyrnong River, views stretch across to Flemington Racecourse and Melbourne city centre.
Latest median house price figures from September 4, 2019 are $790,000 with a medium rental return of $480 per week. Based on five years of sales, Footscray has seen a compound growth rate of 5.1% for houses and -1.6% for units.
Home to the Western Bulldogs footy club, Whitten Oval, and the Laneway Music festival, the loyal residents of this inner west suburb enjoy many of its varied features. Highlights
include Footscray Community Arts Centre, Footscray Park, the bustling Little Saigon Market, Barkly Street shopping precinct, Vietnamese and Ethiopian restaurants as well as many new and interesting bars and nightlife venues springing up around the area.
There are also exceptional schools and colleges, endless clubs, sporting facilities and special interest groups scattered across the suburb making Footscray a charismatic, multi-cultural and connected community.