Suburb Profile Report for Fremantle WA (6160)

Fremantle House: Median price $755,000, Annual capital growth 0.76%, Number of sales 98, Weekly median advertised rent $528

Fremantle Unit: Median price $430,000, Annual capital growth 0.75%, Number of sales 96, Weekly median advertised rent $345

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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.

YIP MAG Information supplied by:

YIP MAG
July 2015

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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.Full summary
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 Hwy
Close
Metrics i HOUSE UNIT
$755,000 $430,000
0.67% 0.00%
-6.21% -12.69%
0.76% 0.75%
$528 $345
98 96
3.63% 4.17%
63.53 92.57

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
Find a mortgage broker in Fremantle WA
Demographics
Total population 7668
Median household income ($/weekly) 1397
Median age of persons 41
Median housing loan repayment ($/monthly) 2263
Average household size 2
  • Census Count Percent(%)
    25-34 years 1431 18.7
    35-44 years 1090 14.2
    45-54 years 1148 15.0
    55-64 years 1122 14.6
    65-74 years 640 8.3
    Others 2238 29.2
    Age Group
    Census Count Percent(%)
    Not Married 2878 50.3
    Registered Married 1994 34.8
    Defacto Relationship 855 14.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4450 62.8
    Japan 242 3.4
    Papua New Guinea 244 3.4
    United Kingdom 955 13.5
    Other 417 5.9
    Others 777 11.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 160 2.4
    Christianity 3706 54.6
    Islam 46 0.7
    Other Religious Groups 55 0.8
    No Religion 2740 40.4
    Others 81 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 253 8.4
    $400-$599 253 8.4
    $600-$799 230 7.7
    $1,500-$1,999 328 10.9
    $2,500-$2,999 396 13.2
    Others 1544 51.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2627 41.6
    Not in the labour force 1936 30.6
    Employed, worked part-time 1231 19.5
    Employed, away from work 298 4.7
    Unemployed, looking for work 229 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 524 12.6
    Professionals 1583 38.1
    Technicians & trades workers 452 10.9
    Community & personal service workers 362 8.7
    Clerical & administrative workers 486 11.7
    Others 749 18.0
    Occupation
    Census Count Percent(%)
    Pre-school 75 5.2
    Infants/Primary 334 23.3
    Secondary 237 16.6
    Technical or Further Educational Institution 148 10.3
    University or other Tertiary Institutions 599 41.8
    Others 39 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3382 51.1
    Semi-detached, row or terrace house, townhouse 1703 25.7
    Flat, unit or apartment 1478 22.3
    House or flat attached to a shop, office 44 0.7
    Caravan, cabin, houseboat 10 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1513 46.0
    Fully owned 909 27.6
    Being purchased 847 25.8
    Other tenure type 19 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals