WA has seen average median house prices change by -5.25% which means that Fremantle, 6160 has not done well for property investors by showing a capital gain of 1.90% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fremantle has increased when compared to the 5 year average annual rate.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.22% offered to property buyers. Sellers in Fremantle itself are offering an average vendor discount of -4.07% to real estate investors.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.55%, without taking into account capital value appreciation, which has been averaging out at 4.46%.
If you compare the increase in value of investment property in Fremantle, 6160 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 4.97%.
Across a shorter period, Fremantle, 6160 has seen a median price increase of -1.88% over the last quarter.
At number 58th of WA’s most discounted properties, Fremantle is in the middle of the state/territory when listing in order of most discounted to least.
The WA suburb of Fremantle, 6160 is in the Fremantle local government area.
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