Footscray Property Values Surge at Five-Year Peak Growth Rate

Median house prices in Footscray reached $915,000 in the June quarter, marking a 14 percent increase from the same period in 2025 and matching the 13 percent jump recorded between March and June 2021.

The parallel matters because inventory levels have stayed tight for three straight months while auction clearance rates hover near 72 percent, the same threshold that preceded the strongest bidding rounds in 2021. Local agents report multiple offers on three-bedroom homes within 800 metres of Footscray Station, a pattern that repeated daily during the earlier surge.

Street-level activity around the market and station

Along Leeds Street, two weatherboard cottages sold last month for $870,000 and $895,000 after short campaigns, figures that sit 11 percent above the suburb average for similar blocks. Further north on Barkly Street, a renovated terrace opposite the Footscray Market changed hands at $1.05 million, the highest recorded price for that exact configuration since a comparable sale in late 2021. These transactions occurred within the same two-week window in June, echoing the clustered activity that defined the earlier cycle.

Footscray Community Arts Centre hosted its quarterly open-house inspections in May, drawing 240 registered buyers over four sessions. Attendance matched the peak turnout logged in May 2021, according to centre records. Several attendees later bid on nearby listings, confirming the link between the venue and immediate street demand.

Tracking the numbers against the prior peak

CoreLogic data released on 8 July shows Footscray’s year-to-date median growth at 8.4 percent, compared with 9.1 percent for the first half of 2021. Days on market averaged 19 in the latest quarter, two days shorter than the 2021 equivalent. The suburb recorded 47 sales above $900,000 between April and June, versus 44 in the corresponding 2021 window. These counts come from the same set of postcode 3011 records used by local valuers.

Buyers entering the market now should compare current auction results on Paisley Street with the 2021 sales database held at the Footscray Library reference desk. Checking those figures before inspecting properties reduces the risk of overbidding relative to the last cycle’s ceiling.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.