3/35 Walters Avenue, Airport West, Vic 3042
Auction $690,000 - $740,000
3 1 1
Open Saturday 6 June 10:45 am Auction Saturday 27 June 11:00 amOriginally used for agricultural purposes, the area saw rapid residential development following World War II to accommodate the growing workforce of the nearby aviation and manufacturing sectors. It officially separated from Niddrie in the mid-1940s as the suburban footprint of Melbourne expanded northwest.
A transitionary suburb where 1950s weatherboard and brick veneer homes are being rapidly replaced by modern multi-unit townhouses, driven by its proximity to major employment hubs and retail precincts.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Airport West serves as the 'value' alternative to Essendon. It offers the same infrastructure and transport benefits but at a 15-20% discount, making it a primary target for young families and developers.
$890k – $1.25m
$620k – $820k
12-month movement
Current asking rents
The high unit/townhouse split reflects the suburb's rapid densification. Buyers should distinguish between 'old' units and 'new' townhouses which command a premium.
Price comparison
Median price ÷ median income
Estimated rental yield
While more affordable than inner-north neighbors, the rapid rise in townhouse prices has pushed the entry point for 'turn-key' properties above the $750k mark.
Lower = tighter market
Avg time on market
Annual rental increase
Young couples, airport employees, and small families seeking proximity to retail hubs.
Strong. Low vacancy and high demand from the airport workforce provide consistent rental income, though capital growth is tied to broader northwest market trends.
Expect steady, moderate growth. Airport West will likely outperform the outer suburbs but lag behind the inner-city as buyers prioritize location and amenity over land size.
vs last 12 months
Relative comparison
Check local police statistics for the area around Westfield and the tram terminus, as these commercial zones see higher opportunistic crime rates than the quiet residential streets.
The primary risks are environmental and regulatory, specifically relating to the suburb's proximity to major transport infrastructure.
Low risk; some localized overland flow issues near Steele Creek during extreme weather events.
Negligible risk.
Expect slightly higher premiums for properties within the high-decibel AEO contours due to specialized glazing and roof requirements.
Airport Environs Overlay (AEO), Design and Development Overlay (DDO)
Matthews Avenue corridor and streets within 400m of Westfield.
The AEO is a critical 'deal-breaker' risk; it dictates what materials you must use for renovations and can limit the number of dwellings on a lot.
Excellent freeway access and tram 59, though bus-dependent for east-west travel.
Top-tier retail and dining access via Westfield and nearby Keilor Road.
Good access to AJ Davis Reserve and the Steele Creek trail for recreation.
Solid local primary options; secondary students often travel to Niddrie or Essendon.
Proximity to several large medical centres and a short drive to Sunshine Hospital.
A diverse, hardworking community with a significant European heritage (Italian/Greek) transitioning to a younger, professional demographic.
The high percentage of outright ownership among older residents suggests a stable community, while the growing 25-44 segment drives demand for modern cafes and services.
Ongoing commercial expansion at Essendon Fields and medium-density residential infill.
Residents value the suburb for its 'get-in-and-out' convenience and shopping, though noise is a common point of resignation.
I can walk to Westfield and the tram. It's not the prettiest suburb, but everything I need is right here.
The townhouse is great, but the planes are louder than the agent let on. You definitely need double glazing.
Never had a vacancy longer than a week. The airport workers are great tenants and pay on time.
The parks are decent and the primary school is very welcoming. It feels safe for the kids.
The freeway access is amazing until 8:00 AM. Then the Matthews Ave intersection becomes a nightmare.
Lots of the old Italian families are still here, which gives the streets a nice, friendly feel.
Position the property as a 'strategic lifestyle choice' that balances affordability with elite-level amenity. Focus on the 'minutes-to-everything' aspect.
High-yield townhouse play targeting the airport and retail workforce.
Over-supply of similar townhouses could lead to stagnant capital growth in the short term.
Incredible shopping access and easy freeway links.
Aircraft noise can be disruptive for those working from home.
Ensure all smoke alarms and gas safety checks are up to date, especially in older 1970s units.
The '15-Minute Suburb'—where work, shopping, and transport are all within a tiny radius.
Young couples (28-40) looking for their first 'real' home or a high-quality townhouse.
This report is based on data available as of March 2026 and is intended for informational purposes only. It does not constitute financial or legal advice. Buyers should conduct their own independent research and consult with professionals before making any property purchase.
Now
Before
Auction $690,000 - $740,000
3 1 1
Open Saturday 6 June 10:45 am Auction Saturday 27 June 11:00 am
$700,000 - $770,000
2 1 1
Open Saturday 6 June 11:30 am Auction Saturday 27 June 11:00 am
Auction $1,090,000 - $1,190,000
4 3 2
Open Saturday 6 June 10:30 am Auction Saturday 27 June 11:30 am
$750,000-$800,000
3 1 2
Open Saturday 6 June 2:00 pm Auction Saturday 20 June 3:00 pm
Auction: $740,000 - $770,000
3 1 2
Open Saturday 6 June 2:30 pm Auction Saturday 20 June 11:00 amReal Search makes searching for your new home easy with properties for sale in Airport West VIC 3042 and properties for rent in Airport West VIC 3042. Are you looking for specific type of property? Real Search has units for sale in Airport West VIC 3042 and houses for sale in Airport West VIC 3042. Real Search also provides 1 bedroom unit for sale in Airport West VIC 3042, 2 bedroom unit for sale in Airport West VIC 3042 & 3 bedroom unit for sale in Airport West VIC 3042. Find best real estate agents in Airport West VIC 3042. You can also check real estate agencies in Airport West VIC 3042. Research the property market of Airport West VIC 3042 with a property report and suburb profile report on Real Search.