Question 1

Is Airport West a nice place to live?

Accepted Answer

Airport West is a delightful suburb that offers a harmonious blend of suburban tranquility and urban convenience, making it a wonderful place to call home. Known for its vibrant community atmosphere, this suburb is perfect for families and professionals who appreciate a balanced lifestyle. The area boasts a strong sense of community, with numerous parks and green spaces providing ample opportunities for outdoor activities and family gatherings. The presence of good schools and childcare facilities further enhances its appeal to families looking for a nurturing environment for their children.

The suburb's proximity to Melbourne Airport and major roads makes it an attractive location for those who travel frequently or work in the city, while still enjoying the peace of a suburban setting. Airport West is well-served by public transport, including tram and bus services, ensuring easy commuting to the CBD and surrounding areas. The Westfield Airport West shopping centre is a major retail hub, offering a variety of shopping, dining, and entertainment options that cater to all tastes and preferences.

Safety is generally not a major concern in Airport West, contributing to its family-friendly vibe. However, as with any suburb close to major transport hubs, there can be some noise from nearby roads and the airport, which might be a consideration for those seeking absolute quiet. Despite this, the suburb's strong community feel and convenient amenities make it a desirable place to live. Whether you're a young family, a professional, or someone seeking a stable and welcoming community, Airport West offers a lifestyle that balances work, leisure, and connectivity beautifully.

Question 2

Is it expensive to live in Airport West?

Accepted Answer

Living in Airport West comes with a moderate price tag, especially when considering its proximity to Melbourne's city center. The current median house price is around $950,000, while units are priced at approximately $730,500. These figures are somewhat higher than the median prices in some outer Melbourne suburbs, but they are still relatively affordable compared to many other inner suburbs.

Renting in Airport West is also on the pricier side, with houses averaging $645 per week and units at $530 per week. When you compare this with the Greater Melbourne average salary of about $82,000 per year, the cost of living in Airport West might require careful budgeting, particularly for those with average earnings. The median total household income in the suburb is $1,761 per week, which suggests that many residents earn enough to manage these expenses, but it may still be a stretch for some.

Overall, while Airport West offers the convenience of inner-suburban living with access to amenities and transport links, the cost of housing and rent can be significant. If you are thinking of living in Airport West, it's important to evaluate your financial situation to ensure it aligns with the costs associated with residing in this area.

Question 3

Is Airport West a good place to invest?

Accepted Answer

Airport West is showing promising signs as a solid investment suburb. Over the past year, the suburb has experienced a healthy increase in property values, with median house values rising by 5.6% and units by 6.0%. This steady growth indicates a resilient market, appealing to investors seeking stable capital appreciation. The suburb's rental market is also thriving, with house rents climbing by 7.5% and unit rents by 6.0% over the last 12 months. This suggests strong demand from renters, which is a positive indicator for potential investors looking for reliable rental income.

While Airport West may not be the fastest-growing suburb in terms of property values, its consistent growth and rental demand make it an attractive option for those interested in a balanced investment. The suburb's appeal is further enhanced by its convenient location, offering easy access to Melbourne's CBD and nearby amenities. This accessibility, combined with the suburb's family-friendly atmosphere, ensures ongoing demand from both renters and buyers. Overall, Airport West presents a compelling opportunity for investors seeking a stable and reliable investment in the real estate market.

	Houses	Units
Median price Past 3 months	$950K	$728K
Change in value Past 12 months	10.0%	4.0%
Sold Past 3 months	52	16
Median days on market Past 12 months	45	36
Average rent Past 12 months	$650	$540
Change in rent Past 12 months	6.6%	8.0%

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