Over the last year, property investments in Fremantle, 6160 have given investors a capital gain of -5.59%. This compares averagely with the -4.17% for WA as a whole.
A 3.40% growth in median value for property investors in Fremantle,6160 puts this suburb at number 374th in terms of best performing suburbs in WA
LACK OF BUYER INTEREST may well be the reason that Fremantle is offering property investors an average of -8.23. This rate of discount on properties puts Suburb at number 369th in terms of most discounted suburbs in WA
Residents and property investors in Fremantle have been waiting around 64.17 days to sell a property.
Fremantle is 295th on a list of best yielding suburbs for rents in WA with a 3.64% return
Fremantle is in the bottom 20% in WA when comparing median price capital growth over the last year. Fremantle gave property investors a dismal capital gain figure when compared to the rest of the state, with -17.87%.
A 16.67% growth in median value for property investors in Fremantle,6160 puts this suburb at number 79th in terms of best performing suburbs in WA
Sellers are offering property buyers an average discount of -9.08% to buyers in Fremantle at the moment, which is less than average for the rest of WA.
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