Investment property in East Fremantle has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.35%
East Fremantle,6158 has offered an average of -4.35% return per annum in house price rises to property investors over the last three years.
Vendor discounting in East Fremantle is giving property investors an average Vendor Discount of around -8.15%. This puts suburb at number 139th in WA when ranking the most discounted suburbs.
On average over the past year, suburb has had 8.08 sales per month, which equates to 97 per year.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 3.07%, without taking into account capital value appreciation, which has been averaging out at 2.45%.
Property value increases in East Fremantle have tracked higher than the WA average of -4.63% over the last 12 months.
While East Fremantle,6158 ranked number 12th in WA for increase in median house value (annualised) increase, it is ranked 13th over the last 5 years.
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 East Fremantle, 6158. Typically our figures indicate that -10.10% is being offered, which puts this WA suburb at 38th most discounted overall in Australia.
The WA suburb of East Fremantle, 6158 is in the East Fremantle (T) local government area.
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East Fremantle is split into two halves by Canning Hwy. The Northern side of Canning Hwy boasts large blocks with wide leafy streets and a mix of older homes and newly built/renovated homes.
Whereas the Southern side of Canning Hwy, generally has smaller block sizes and the majority of properties are character homes, encapsulating the areas heritage of small workers cottages.
East Fremantle has an abundance of families living in the area, due to its excellent schools inc; Richmond Primary & East Fremantle Primary Schools, John Curtin College.
This part of WA really does epitomise the feeling of living in a village. It has everything you could ever need right on your doorstep – it’s a GREAT place to live.
Schools are excellent, everywhere is close to the magnificent Swan river and its only a short drive to the local beaches.
Most sought-after properties:
The character homes of the “Plympton Ward” are very much sort after. When they appear for sale they are snapped up by eager buyers looking to move in close to George St and the cafés/restaurants.
Equally properties with views to the Indian Ocean and looking up and down the Swan river don’t last long on the market either.
Most common properties:
There is a real mix of properties in this area, ranging from Mansions on the hill, to character cottages in the Pympton Ward, to expensive unit developments and less expensive renovators units.
There is always something to do or somewhere to go in East Freo. If your not soaking up the atmosphere of George St, maybe a nice meal and drink down at the Left Bank Pub will suit you better.
After your meal you can stroll along the rivers edge all the way to Point Walter if you so desire. Or for the sportier people, you can complete a workout on the outdoor fitness equipment located on the rivers edge – if working out whilst watching the boats cruise by doesn’t make the time fly nothing will.
Local industry and business:
Currently East Fremantle town centre is being redeveloped, but there is still a healthy mix of businesses, such as Insurance companies, Health and fitness outlets, Pharmacies, Food stores and a fantastic array of restaurants and bars.
East Fremantle Town Centre is having a major face lift with the introduction of the Richmond Quarter. This new development will boast an array of commercial and retail space along with a mix of residential apartments.
The George St precinct is one of the most popular areas of East Fremantle, with its café culture and mix of shops.
Excellent public transport to and from Fremantle. From main train station in Fremantle, it is a 26 minute journey to Perth City.
Good access to all major routes from Fremantle to Perth City