The median house price in Footscray is approximately $985,000 in 2026 — making it one of the last suburbs where you can buy a house for under $1M within 5km of the Melbourne CBD. Units have a median of $480,000.
Footscray Price Breakdown
| Property Type | Median Price 2026 | Annual Growth | Gross Yield |
|---|---|---|---|
| House | $985k | +8.9% | 4.2% |
| Unit / Apartment | $480k | +6.3% | 5.4% |
Why Footscray Prices Are Rising Fastest in Inner Melbourne
Footscray’s +8.9% annual growth in 2026 is the highest of any suburb within 5km of the Melbourne CBD. Three factors drive this: (1) the Metro Tunnel Footscray Station is now operational, dramatically reducing CBD commute times; (2) the suburb’s gentrification has reached a tipping point with Footscray Market, the food precinct and arts community now comparable to Fitzroy in the 2000s; (3) buyers priced out of $1.5M+ inner-north and inner-east suburbs are discovering Footscray’s value.
For off-market access to Footscray properties: collings.com.au/portal
Footscray Price FAQs
Is Footscray still affordable in 2026?
Footscray houses have a median of $985k in 2026 — still the most affordable house market within 5km of the Melbourne CBD. Units at $480k median remain accessible for first-home buyers and investors. The window for sub-$1M houses is closing as gentrification accelerates.
Whether you are buying, selling or investing in Footscray, the Collings Property Platform gives you access to off-market opportunities and GeeVee AI analysis. Join free today. collings.com.au/portal
Find your next property with Collings
Track suburbs, get matched to on-market and off-market listings, and manage your whole property search in one place. Access the Collings property portal.
