High Yield, Investment Opportunity

This is a well-positioned, modern apartment in a sought-after development just 6km from Melbourne CBD. The attached floor plan shows a well-designed layout with ample natural light and contemporary finishes. The surrounding area is vibrant and gentrifying fast, with access to riverfront parks, bike paths, trendy cafés, and excellent transport links, including Footscray Station just minutes away.

Key Investment Highlights

• Tight rental market and strong tenant demand. $541pw
• Location Advantage: Close proximity to Melbourne CBD, Victoria University, Footscray Market, and public transport. This location is seeing rapid urban renewal and is a hotspot for young professionals and students.
• Top-Tier Amenities: Residents enjoy a pool, gym, communal spaces, landscaped gardens, and secure access, features that attract quality tenants.
• Future Infrastructure Growth: The suburb is undergoing major upgrades including transport improvements, new green spaces, and mixed-use developments, all of which are expected to boost property values.
• Shopping & Lifestyle: Footscray Plaza, Highpoint Shopping Centre, and a host of boutique cafés and restaurants are nearby.
• Education Facilities: Close to several schools and just moments from Victoria University’s main campus.
• Capital Growth Potential: Footscray, offers a strong opportunity for long-term capital growth. Over the past 10 years, Footscray has recorded an average annual capital growth rate of approximately 6.3%, supported by ongoing, major infrastructure investment, and its strategic location just 6km from Melbourne’s CBD. If this historical trend continues, the property, currently priced at $459,200 could grow in value to around $596,000 over the next five years and approximately $805,000 over the next 10 years. These figures highlight the potential for substantial equity gains, making this a compelling acquisition.