Fremantle, 6160 ranked 258th in WA when comparing growth in median property values or capital gain over the last 12 months. Fremantle is one of 1662 in our list for WA
If we look at median property appreciation over just the last three months, Fremantle has given property investors a paper return of -5.59%. This puts Suburb as 376 on a list of fastest fasting appreciating suburbs in WA
Vendor discounting in Fremantle is giving property investors an average Vendor Discount of around -5.12%. This puts suburb at number 398th in WA when ranking the most discounted suburbs.
In the last year 83 properties changed hands in Fremantle, which puts it as the 136th most active market in WA when comparing the number of sales per suburb.
Property investors should expect to get $550 weekly from the median priced house in this suburb.
With a capital gain of -9.60% for the last 12 months, Fremantle, 6160 has performed for property investments than its average annual 1.91% property growth over the last 5 years.
The five-year average increase in median property values for Fremantle,6160 has given property investors a potential capital gain of 17.07% across each of those five years.
Our latest figures would indicate that property sellers in Fremantle are currently offering property investors an average price cut of -9.44% below the asking price at the moment.
With the median price for a house in Fremantle being $480000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.79%
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