Giving property investors a a poor capital gain of -6.21% for the last year, Fremantle, 6160 is the 3690th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Fremantle has given property investors a paper return of 0.67%. This puts Suburb as 124 on a list of fastest fasting appreciating suburbs in WA
LACK OF BUYER INTEREST may well be the reason that Fremantle is offering property investors an average of -8.08. This rate of discount on properties puts Suburb at number 300th in terms of most discounted suburbs in WA
Advertised rents are around the $527.5 mark per week – giving a return of 3.63% based on the median price in Suburb
WA has seen average median house prices change by -4.39% which means that Fremantle, 6160 has not done well for property investors by showing a capital gain of -12.69% over the last year
If we look at median property appreciation over just the last three months, Fremantle has given property investors a paper return of 0.00%. This puts Suburb as 34 on a list of fastest fasting appreciating suburbs in WA
Vendor discounting in Fremantle is giving property investors an average Vendor Discount of around -9.15%. This puts suburb at number 47th in WA when ranking the most discounted suburbs.
In the last year 96 properties changed hands in Fremantle, which puts it as the 15th most active market in WA when comparing the number of sales per suburb.
Property investors should expect to get $345 weekly from the median priced house in this suburb.
With its stunning sunsets, laid back lifestyle and vibrant restaurant scene, few could deny that Fremantle is a popular place to live.Full summary
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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