Fremantle has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -5.59% to date .
The five-year average increase in median property values for Fremantle,6160 has given property investors a potential capital gain of -1.30% across each of those five years.
At number 323th of WA’s most discounted properties, Fremantle is in the TOP 30% of the state/territory when listing in order of most discounted to least.
At number 1360 in a list of fastest selling suburbs, Fremantle is in the TOP 40% of suburbs in Australia with an average of days on market 64.7 for properties listed there.
A $525 per week rent on the median house gives suburb investors a gross yield of circa 3.59%, without taking into account capital value appreciation, which has been averaging out at 1.25%.
Over the last year, property investments in Fremantle, 6160 have given investors a capital gain of -21.68%. This compares very badly with the -4.87% for WA as a whole.
Taking the average capital gain, or increase in median house value, Fremantle,6160 has racked up an average of -21.68% over the period. This ranks it number 1662th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Fremantle are currently offering property investors an average price cut of -8.87% below the asking price at the moment.
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
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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