Suburb Profile Report for North Fremantle WA (6159)

North Fremantle House: Median price $958,750, Annual capital growth 0.17%, Number of sales 35, Weekly median advertised rent $663

North Fremantle Unit: Median price $812,500, Annual capital growth 12.27%, Number of sales 56, Weekly median advertised rent $563

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$958,750 $812,500
-0.13% 0.00%
1.72% -1.52%
0.17% 12.27%
$663 $563
35 56
3.59% 3.60%
57.85 130.28

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 2725
Median household income ($/weekly) 1859
Median age of persons 43
Median housing loan repayment ($/monthly) 2600
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 455 16.7
    35-44 years 384 14.1
    45-54 years 340 12.5
    55-64 years 455 16.7
    65-74 years 291 10.7
    Others 800 29.4
    Age Group
    Census Count Percent(%)
    Registered Married 836 43.6
    Not Married 813 42.4
    Defacto Relationship 267 13.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1738 70.5
    Papua New Guinea 80 3.2
    South Africa 34 1.4
    United Kingdom 335 13.6
    Other 89 3.6
    Others 190 7.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 57 2.4
    Christianity 1373 58.1
    Judaism 14 0.6
    Other Religious Groups 22 0.9
    No Religion 887 37.6
    Others 9 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 79 8.0
    $1,500-$1,999 92 9.3
    $2,500-$2,999 173 17.4
    $3,000-$3,499 83 8.4
    $4,000 or more 93 9.4
    Others 472 47.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 877 40.5
    Not in the labour force 709 32.7
    Employed, worked part-time 435 20.1
    Employed, away from work 75 3.5
    Unemployed, looking for work 70 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 244 17.6
    Professionals 578 41.7
    Technicians & trades workers 108 7.8
    Community & personal service workers 107 7.7
    Clerical & administrative workers 154 11.1
    Others 195 14.1
    Occupation
    Census Count Percent(%)
    Pre-school 30 6.3
    Infants/Primary 135 28.5
    Secondary 82 17.3
    Technical or Further Educational Institution 45 9.5
    University or other Tertiary Institutions 166 35.0
    Others 16 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1114 49.1
    Semi-detached, row or terrace house, townhouse 826 36.4
    Flat, unit or apartment 330 14.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 435 39.6
    Fully owned 348 31.7
    Being purchased 311 28.3
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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