If you compare the increase in value of investment property in Fremantle, 6160 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -8.95%.
Across a shorter period, Fremantle, 6160 has seen a median price increase of -7.23% over the last quarter.
Our latest figures would indicate that property sellers in Fremantle are currently offering property investors an average price cut of -6.54% below the asking price at the moment.
At number 1501 in a list of fastest selling suburbs, Fremantle is in the TOP 40% of suburbs in Australia with an average of days on market 69.91 for properties listed there.
Property investors should expect to get $525 weekly from the median priced house in this suburb.
Fremantle has had a very poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -23.08% to date .
Across a shorter period, Fremantle, 6160 has seen a median price increase of -5.49% over the last quarter.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.65% offered to property buyers. Sellers in Fremantle itself are offering an average vendor discount of -8.94% to real estate investors.
Fremantle, 6160’s gross rental yield is 4.17%
With its stunning sunsets, laid back lifestyle and vibrant restaurant scene, few could deny that Fremantle is a popular place to live.Full summary
Information supplied by:
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