Property investors who have had real estate in North Fremantle, 6159 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.72%
While North Fremantle,6159 ranked number 152th in WA for increase in median house value (annualised) increase, it is ranked 77th over the last 5 years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.17% offered to property buyers. Sellers in North Fremantle itself are offering an average vendor discount of -7.34% to real estate investors.
Renters in Suburb are facing rents around $7950 per annum or $662.5 every week.
If you compare the increase in value of investment property in North Fremantle, 6159 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -1.52%.
Taking the average capital gain, or increase in median house value, North Fremantle,6159 has racked up an average of -1.52% over the period. This ranks it number 1609th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in North Fremantle should be aiming for at least -7.90% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $562.5 and the average annual increase in value of a median property of 12.27%, investors should hope to achieve an overall return of 3.60%