Question 1

Is Footscray a good place to buy your first home?

Accepted Answer

Footscray is a great option for first home buyers who young professionals and couples. With a median price of $850,000 and +3.2% growth over the past year, it offers vibrant, multicultural, urban village.

Question 2

What grants are available for first home buyers in Footscray?

Accepted Answer

First home buyers in Footscray may be eligible for the $10,000 First Home Owner Grant (for new homes up to $750,000), stamp duty concessions (up to $31,070 saved), and the First Home Guarantee scheme (buy with just 5% deposit).

Question 3

How much deposit do I need to buy in Footscray?

Accepted Answer

With the First Home Guarantee, you could buy in Footscray with just 5% deposit (around 43000 based on the median price). Without government schemes, most lenders require 10-20% deposit.

Question 4

What type of properties do first home buyers typically buy in Footscray?

Accepted Answer

In Footscray, first home buyers typically look for 3-4 bedroom houses, townhouses, and land packages in new estates. The suburb is known for vibrant, multicultural, urban village.

Question 5

How long does it take to commute from Footscray to Melbourne CBD?

Accepted Answer

Footscray offers Footscray Station (10 min to CBD) and Multiple tram routes. Commute times to the CBD vary based on your mode of transport and exact location within the suburb.

First Home Buyers in Footscray — What You Need to Know

Affordability Snapshot

Grants Available for Footscray

First Home Owner Grant

Stamp Duty Concession

First Home Guarantee

Local Insights

Schools

Transport

Highlights

Location

Frequently Asked Questions

See what you can afford in Footscray

Ready to Buy in Footscray?