Suburb Profile Report for South Fremantle WA (6162)

South Fremantle House: Median price $1,065,000, Annual capital growth 3.20%, Number of sales 48, Weekly median advertised rent $598

South Fremantle Unit: Median price $602,500, Annual capital growth 1.42%, Number of sales 16, Weekly median advertised rent $495

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in South Fremantle, 6162 should be relatively pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.79%

Over the longer term, South Fremantle has seen property prices show investors a 15.76% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in South Fremantle should be aiming for at least -7.05% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in South Fremantle the average time real estate has been on the market is 67.57 days.

Situated 16.17km from the CBD, South Fremantle is one of Fremantle localities in the postcode 6162.

At number 1355th in the list of Australian suburbs ordered by increase in median house value over the last year, South Fremantle, 6162 is in the BOTTOM 30% with a property value increase of -3.98% recorded in median house prices.

Taking the average capital gain, or increase in median house value, South Fremantle,6162 has racked up an average of -3.98% over the period. This ranks it number 1583th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in South Fremantle, 6162. Typically our figures indicate that -11.51% is being offered, which puts this WA suburb at 37th most discounted overall in Australia.

On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.

Property investors should expect to get $495 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,065,000 $602,500
3.15% -8.71%
9.79% -3.98%
3.20% 1.42%
$598 $495
48 16
2.92% 4.27%
67.57 130.93

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 2999
Median household income ($/weekly) 1407
Median age of persons 44
Median housing loan repayment ($/monthly) 2184
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 282 9.4
    25-34 years 383 12.8
    35-44 years 427 14.2
    45-54 years 507 16.9
    55-64 years 480 16.0
    Others 920 30.7
    Age Group
    Census Count Percent(%)
    Not Married 1001 44.5
    Registered Married 915 40.6
    Defacto Relationship 335 14.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1836 65.0
    Japan 87 3.1
    Papua New Guinea 95 3.4
    United Kingdom 417 14.8
    Other 141 5.0
    Others 247 8.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 58 2.2
    Christianity 1411 52.9
    Judaism 14 0.5
    Other Religious Groups 16 0.6
    No Religion 1156 43.3
    Others 12 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 104 9.6
    $1,000-$1,249 92 8.5
    $1,500-$1,999 116 10.7
    $2,500-$2,999 137 12.6
    $3,000-$3,499 82 7.6
    Others 554 51.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 913 38.0
    Not in the labour force 760 31.7
    Employed, worked part-time 555 23.1
    Employed, away from work 99 4.1
    Unemployed, looking for work 74 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 206 13.1
    Professionals 586 37.4
    Technicians & trades workers 168 10.7
    Community & personal service workers 156 10.0
    Clerical & administrative workers 170 10.8
    Others 281 17.9
    Occupation
    Census Count Percent(%)
    Pre-school 30 4.9
    Infants/Primary 196 32.0
    Secondary 137 22.4
    Technical or Further Educational Institution 56 9.2
    University or other Tertiary Institutions 182 29.7
    Others 11 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1969 72.3
    Semi-detached, row or terrace house, townhouse 399 14.7
    Caravan, cabin, houseboat 183 6.7
    Flat, unit or apartment 158 5.8
    House or flat attached to a shop, office 14 0.5
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 500 41.2
    Rented 384 31.6
    Being purchased 323 26.6
    Other tenure type 7 0.6
    Tenure Type
Census 2011, ABS
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