Over the last year, property investments in Fremantle, 6160 have given investors a capital gain of -2.42%. This compares favourably with the -4.91% for WA as a whole.
While Fremantle,6160 ranked number 172th in WA for increase in median house value (annualised) increase, it is ranked 82th over the last 5 years.
Vendor discounting in Fremantle is giving property investors an average Vendor Discount of around -4.28%. This puts suburb at number 413th in WA when ranking the most discounted suburbs.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.55%, without taking into account capital value appreciation, which has been averaging out at 5.08%.
At number 512th in the list of Australian suburbs ordered by increase in median house value over the last year, Fremantle, 6160 is in the top 30% with a property value increase of 8.65% recorded in median house prices.
Across a shorter period, Fremantle, 6160 has seen a median price increase of 0.00% over the last quarter.
Fremantle6160 is located in WA which offers an average discount of -7.52% to property investors. Fremantle itself is showing figures that indicate -7.51% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Fremantle being $559000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.53%
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