With a capital gain of -1.90% for the last 12 months, Fremantle, 6160 has performed for property investments than its average annual 2.96% property growth over the last 5 years.
Across a shorter period, Fremantle, 6160 has seen a median price increase of -3.73% over the last quarter.
Sellers are offering property buyers an average discount of -5.12% to buyers in Fremantle at the moment, which is less than average for the rest of WA.
Situated 14.59km from the CBD, Fremantle is one of Fremantle localities in the postcode 6160.
Property value increases in Fremantle have tracked just lower than the WA average of -3.23% over the last 12 months.
Fremantle,6160 has offered an average of -11.42% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Fremantle 6160 should be seeing an average reduction in asking price of around -8.52% . This means that Fremantle is holding prices well when compared to other suburbs in WA.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.75%, without taking into account capital value appreciation, which has been averaging out at 2.15%.
With its stunning sunsets, laid back lifestyle and vibrant restaurant scene, few could deny that Fremantle is a popular place to live.Full summary
Information supplied by:
With its stunning sunsets, laid back lifestyle and vibrant restaurant scene, few could deny that Fremantle is a popular place to live.
Most buyers would also agree that this popularity comes with a price tag.
Over the last few years it has become quite difficult to locate decent houses within the area for under $800,000.
However, the recent weakness in the Perth market has meant house prices have consolidated to a more realistic level, albeit still high at $792,500.
Unlike many areas in Perth, Freo is currently experiencing a drastic drop in housing stock up for grabs.
According to Real Estate Investar, stock on market fell by 27% during the past 12 months.
Vacancy rate remains healthy at 2.63%, with houses achieving 4% rental yield on average.
Among the most popular streets in the suburb include Holland Street, Adelaide Street and Beach Street.
Selling points: Location, Cafes, parks
Top amenities: Schools, Parks, Café Strip, Yacht Club
Local industry and business: Lots of Hospitality, boating and yachting, retail
Public transport: Buses, Cat Buses, Trains are available
Main arteries: Leach Hwy, Stirling Hwy, Hampton Road, South St, Canning HwyClose