Demand
Weak▼ falling
Confidence: High
Selling times are 14.7% above the five-year norm. Latest reading 38.0 against a five-year average of 33.1.
- Latest
- 38
- 12 months ago
- 34.9
- 5-year average
- 33.13
- 5-year range
- 24.2 – 40.0
Footscray
A standing intelligence briefing: what the market is doing now, how that compares with its own five-year history, and the pipeline items that could change it.
- Median house
- $962,000
- Median unit
- $428,000
- Annual growth
- +3.4%
- Median rent
- $757
- Gross yield
- 4.1%
- Vacancy
- 1.9%
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APD View — Footscray
Footscray: conditions stable
Current data indicates conditions in Footscray are stable. 14 indicators across 5 analytical dimensions inform this reading, with 43% pointing the same way.
Direction
Stable
Confidence
Moderate
Evidence strength
Strong
Direction describes where underlying conditions are moving. It is not a rating, a recommendation or a signal to transact — a market can be improving while remaining expensive, low-yielding or supply-exposed.
Why this confidence — Based on 14 indicators, 60 months of history, 43% of indicators pointing the same way, latest data 29 days old.
Evidence basis — Based on 14 indicators, 1 independent source, 60 months of history. Latest data 29 days old.
What changed
| Indicator | Now | 1 month | 1 quarter |
|---|---|---|---|
| Building approvals | 30.58 | 31.15 | 34.14 |
| Vendor discounting | -2.6% | -2.6% | -2.8% |
| Sales volume | 55.6 | 57.2 | 58.34 |
| Auction clearance | 64.1% | 66.1% | 66.8% |
| Days on market | 38 days | 38 days | 40 days |
| Rental growth | 5.5% | 5.4% | 5.7% |
What supports this view
- Median house value — $963,916 against a historical average of $886,980. House values sit above the historical average for this market. Historical percentile: 98.
- Median rent — $757 against a historical average of $660. Advertised rents sit above the historical average for this market. Historical percentile: 98.
- Population growth — 1.1% against a historical average of 1.1%. Population growth is running above the longer-run average. Historical percentile: 92.
- Price-to-rent multiple — 24.5 against a historical average of 25.93. Prices are low relative to rents compared with the historical average. Historical percentile: 3.
- Building approvals — 30.58 against a historical average of 31.01. Dwelling approvals are running below the historical average, pointing to less future supply. Historical percentile: 40.
- Sales volume — 55.6 against a historical average of 49.85. Transaction volumes are running above the historical average. Historical percentile: 65.
What works against it
- Rental growth argues the other way — Rental growth reads 5.5% against a 6.0% historical average (15th percentile), which works against the current reading.
- Advertised listings argues the other way — Advertised listings reads 122 against a 102 historical average (85th percentile), which works against the current reading.
- Vacancy rate argues the other way — Vacancy rate reads 1.9% against a 1.6% historical average (80th percentile), which works against the current reading.
- Days on market argues the other way — Days on market reads 38 days against a 33 days historical average (72th percentile), which works against the current reading.
- Rental growth — 5.5%. Rental growth is running below its historical average. Historical percentile: 15.
- Advertised listings — 122.32. Advertised stock is above the historical average. Historical percentile: 85.
- Vacancy rate — 1.9%. Rental availability is looser than the historical norm. Historical percentile: 80.
- Days on market — 38 days. Properties are taking longer to sell than the historical norm. Historical percentile: 72.
Market signals
Each signal compares the latest reading with the suburb's own five-year record
Price Momentum
Neutral▲ rising
Confidence: Low
Annual price growth is 2.4% below the five-year average. Latest reading 3.3 against a five-year average of 3.4.
- Latest
- 3.32
- 12 months ago
- 3.48
- 5-year average
- 3.4
- 5-year range
- 2.7 – 4.1
Rental Conditions
Weak— flat
Confidence: High
Vacancy is running 20.3% above the historical average. Latest reading 1.9 against a five-year average of 1.6.
- Latest
- 1.9
- 12 months ago
- 1.6
- 5-year average
- 1.58
- 5-year range
- 1.1 – 2.0
Rental Pressure
Soft▼ falling
Confidence: Moderate
Rental growth is 8.3% below the five-year average. Latest reading 5.5 against a five-year average of 6.0.
- Latest
- 5.52
- 12 months ago
- 6.32
- 5-year average
- 6.02
- 5-year range
- 5.4 – 6.7
Affordability
Firm— flat
Confidence: Moderate
The price-to-rent multiple sits 5.5% below its five-year average. Latest reading 24.5 against a five-year average of 25.9.
- Latest
- 24.5
- 12 months ago
- 25.02
- 5-year average
- 25.93
- 5-year range
- 24.3 – 27.6
Supply
Weak— flat
Confidence: High
Advertised stock is 19.9% above the five-year average. Latest reading 122.3 against a five-year average of 102.1.
- Latest
- 122.32
- 12 months ago
- 100.23
- 5-year average
- 102.05
- 5-year range
- 73.1 – 124.6
Liquidity
Firm▼ falling
Confidence: High
Transaction volumes are 11.5% above the five-year average. Latest reading 55.6 against a five-year average of 49.9.
- Latest
- 55.6
- 12 months ago
- 53.06
- 5-year average
- 49.85
- 5-year range
- 35.7 – 60.2
Population Growth
Firm▲ rising
Confidence: Moderate
Population growth is 9.5% above the longer-run average. Latest reading 1.2 against a five-year average of 1.1.
- Latest
- 1.15
- 12 months ago
- 1.01
- 5-year average
- 1.05
- 5-year range
- .9 – 1.2
Development Risk
Neutral▼ falling
Confidence: Low
Dwelling approvals are in line with the five-year average. Latest reading 30.6 against a five-year average of 31.0.
- Latest
- 30.58
- 12 months ago
- 36.48
- 5-year average
- 31.01
- 5-year range
- 21.6 – 37.4
Investor Activity
Neutral▼ falling
Confidence: Low
Gross yields are in line with the five-year average. Latest reading 4.1 against a five-year average of 4.1.
- Latest
- 4.1
- 12 months ago
- 4.38
- 5-year average
- 4.12
- 5-year range
- 3.7 – 4.4
Indicators
Latest reading against one, three and five years ago
| Indicator | Latest | 1yr | 3yr | 5yr | 5yr avg | 5yr range |
|---|---|---|---|---|---|---|
| Median house priceMiddle sale price for houses over the trailing twelve months. | $963,916 | +3.3% | +10.5% | +18.3% | $886,980 | $814,992 – $963,916 |
| 12-month price growthTwelve-month change in median house price. | 3.3% | -4.6% | -18.2% | — | 3.4% | 2.7% – 4.1% |
| Median unit priceMiddle sale price for units and apartments over the trailing twelve months. | $429,147 | +2.4% | +7.5% | +12.8% | $404,154 | $380,496 – $429,147 |
| Median weekly rentMiddle advertised weekly rent across all dwelling types. | 757 | +5.5% | +18.6% | +33.2% | 660 | 568 – 757 |
| Rental growthTwelve-month change in median advertised weekly rent. | 5.5% | -12.7% | -14.6% | — | 6.0% | 5.4% – 6.7% |
| Gross rental yieldAnnual gross rent as a share of median dwelling value. | 4.1% | -6.4% | +4.9% | +0.5% | 4.1% | 3.7% – 4.4% |
| Price-to-rent multipleMedian house price divided by annual median rent. | 25 | -2.1% | -6.8% | -11.2% | 26 | 24 – 28 |
| Vacancy rateShare of rental stock advertised and unlet. | 1.9% | +18.7% | +17.3% | +47.3% | 1.6% | 1.1% – 2.0% |
| Sales volumeNumber of dwelling transactions settled in the month. | 56 | +4.8% | +17.6% | +28.3% | 50 | 36 – 60 |
| Total listingsDwellings advertised for sale at month end. | 122 | +22.0% | +11.4% | +54.3% | 102 | 73 – 125 |
| Days on marketMedian time from listing to sale. | 38 days | +8.9% | +12.8% | +38.7% | 33 days | 24 days – 40 days |
| Vendor discountMedian gap between first asking price and sale price. | -2.6% | +5.1% | -9.2% | -0.4% | -2.6% | -2.9% – -2.3% |
| Auction clearanceShare of scheduled auctions reported sold. | 64.1% | -4.3% | +6.8% | -0.1% | 64.4% | 57.6% – 68.8% |
| Population growthAnnual resident population change. | 1.1% | +13.9% | +3.6% | +22.3% | 1.1% | 0.9% – 1.2% |
| Building approvalsDwellings approved for construction in the month. | 31 | -16.2% | +18.3% | -3.0% | 31 | 22 – 37 |
Source: Australia Property Data derived series (anchored to current market metrics). Percentage columns show the change from that point to the latest observation.
History
Monthly observations, last five years
Source: Australia Property Data derived series (anchored to current market metrics)
Source: Australia Property Data derived series (anchored to current market metrics)
Source: Australia Property Data derived series (anchored to current market metrics)
Source: Australia Property Data derived series (anchored to current market metrics)
What could change this market?
- Transport
Suburban Rail Loop East
Under construction · 2035
Reshapes access between middle-ring employment centres and lifts development capacity around six new stations.
Tunnelling underway between Cheltenham and Box Hill; precinct structure planning continues alongside.
- Transport
Metro Tunnel precinct uplift
Operating · Now
New CBD-fringe stations are already redirecting rental demand and apartment supply.
Station catchments at Parkville, Anzac and Arden are the focus of rezoning activity.
- Planning reform
Activity centre rezoning program
Announced · 2026-2028
Higher permitted densities across dozens of centres change the medium-term apartment pipeline.
Watch approval volumes in nominated centres for early supply signals.
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