The Opportunity
> Land area: 592 sqm*
> Commercial 1 Zone suits residential, medical, childcare, hospitality^
The Location
> Ideally located in the heart of Footscray West, a young and fledging suburb within proximity to Melbourne's CBD
> Situated 400m* to West Footscray train station & 600m* to Tottenham train station
> Located 8km* from Melbourne CBD, 15 minutes* by car along Barkly Street and Dynon Road
> Within 1km* to the Footscray Market and Central West shopping centre, featuring 55 specialty stores, and anchored by Coles, Woolworths and Aldi supermarkets
> Surrounded by parklands including Lawrie Evans Reserve, AB Shaw Reserve & Altona Foreshore Reserve
> 10 minutes* to Altona Beach
*approx.
^STPA
The size of West Footscray is approximately 3.8 square kilometres. It has 10 parks covering nearly 8.5% of total area. The population of West Footscray in 2011 was 10,223 people. By 2016 the population was 11,456 showing a population growth of 12.1% in the area during that time. The predominant age group in West Footscray is 30-39 years. Households in West Footscray are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Footscray work in a professional occupation. In 2011, 57.9% of the homes in West Footscray were owner-occupied compared with 53.6% in 2016.
West Footscray has 6,643 properties. Over the last 5 years, Houses in West Footscray have seen a 25.08% increase in median value, while Units have seen a 15.47% increase. As at 31 July 2024:
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