If you compare the increase in value of investment property in Fremantle, 6160 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was 0.00%.
Fremantle,6160 has offered an average of 0.00% return per annum in house price rises to property investors over the last three years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Fremantle itself are offering an average vendor discount of -4.99% to real estate investors.
Advertised rents are around the $550 mark per week – giving a return of 3.55% based on the median price in Suburb
With a capital gain of -5.29% for the last 12 months, Fremantle, 6160 has performed for property investments than its average annual 3.02% property growth over the last 5 years.
Comparing Fremantle,6160 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 46th in terms of most discounted suburbs in WA
Renters in Suburb are facing rents around $4200 per annum or $350 every week.
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