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%
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