Esprit Apartments is located in the heart of Footscray on Geelong Rd and only 7km west of the Melbourne CBD.

Footscray in 2006 had a population of 11,400 while today it is estimated to be over 16,000. This is huge population growth over the last 5 years and is putting pressure on house and apartment prices. We have seen some great returns in property prices in Footscray over the last 5 years and we expect that to continue as the affordable proximity to the city becomes even more in demand.

Footscray is characterised by a very diverse, multicultural central shopping area. This reflects the different waves of immigrants that have moved to the area and influenced the region. This has ranged from the Italian and Yugoslavian migrants earlier while today more influenced by the Vietnamese and more recently the East African immigrants into Melbourne.

Footscray is a changing suburb with the Government focused on making it a significant suburb in the future. Some changes to the suburb that are expected to take place include:

• The $350 million McNab Avenue developement, will have a mix of government offices with residential and commercial buildings. Expected to finish the project by 2014

• Approved for higher density residential development in 2009, is the 15 hectares Joseph Road Precinct. The tallest building proposed for the area is a 24 story apartment block with over 200 apartments

• A new $6 Billion dollar suburb in called E-Gate, is been proposed by the state government on a 20-hectare site along Footscray Road.

• The Banco Group currently (2011) plan to turn the Footscray Plaza into a $45 million dollar apartment block of ten stories, with the current retail space expanded.

• In 2010, as a part of the Victorian Government’s $61.6 million Footscray renewal program, a new $15 million rail footbridge opened at Footscray Station.

• In 2011, $2 million is been spent to revamp Leeds St with wider footpaths, more trees and less access for cars

Buying a new apartment in Footscray in a development such as Esprit is likely to yield good capital growth as more money is poured into the greater community of Footscray as the entire suburb gets upgraded for the new inner city chic living. Esprit is a new apartment development consisting of 35 apartments that have been designed for the very best in modern living by award winning architects.

If you would like to buy a new apartment in Footscray then look at Esprit apartments.