Suburb Profile Report for Fremantle WA (6160)

Fremantle House: Median price $755,000, Annual capital growth 1.04%, Number of sales 73, Weekly median advertised rent $550

Fremantle Unit: Median price $440,000, Annual capital growth 0.01%, Number of sales 89, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Fremantle have tracked just lower than the WA average of -3.83% over the last 12 months.

Fremantle,6160 has offered an average of -6.21% return per annum in house price rises to property investors over the last three years.

Fremantle6160 is located in WA which offers an average discount of -8.22% to property investors. Fremantle itself is showing figures that indicate -6.07% is the average achievable by property buyers investing in the suburb.

At number 1271 in a list of fastest selling suburbs, Fremantle is in the TOP 40% of suburbs in Australia with an average of days on market 65.86 for properties listed there.

Advertised rents are around the $550 mark per week – giving a return of 3.79% based on the median price in Suburb

With a capital gain of -19.85% for the last 12 months, Fremantle, 6160 has performed for property investments than its average annual 0.01% property growth over the last 5 years.

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.

Fremantle, 6160 is offering WA ‘s 36th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this WA.

At number 1036 in a list of fastest selling suburbs, Fremantle is in the bottom 30% of suburbs in Australia with an average of days on market 94.76 for properties listed there.

With the median price for a house in Fremantle being $440000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.14%

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 $440,000
-1.31% -8.33%
-6.21% -19.85%
1.04% 0.01%
$550 $350
73 89
3.79% 4.14%
65.86 94.76

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