Suburb Profile Report for Fremantle WA (6160)

Fremantle House: Median price $845,000, Annual capital growth 1.90%, Number of sales 151, Weekly median advertised rent $605

Fremantle Unit: Median price $520,000, Annual capital growth 2.79%, Number of sales 217, Weekly median advertised rent $430

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of 8.33% for the last year, Fremantle, 6160 is the 2971th highest performer in Australia in this respect.

While Fremantle,6160 ranked number 130th in WA for increase in median house value (annualised) increase, it is ranked 158th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Fremantle is offering property investors an average of -4.59. This rate of discount on properties puts Suburb at number 239th in terms of most discounted suburbs in WA

Property investors should expect to get $605 weekly from the median priced house in this suburb.

At number 869th in the list of Australian suburbs ordered by increase in median house value over the last year, Fremantle, 6160 is in the BOTTOM 50% with a property value increase of 6.12% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Fremantle comes in at number 24th in WA.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.09% offered to property buyers. Sellers in Fremantle itself are offering an average vendor discount of -3.94% to real estate investors.

A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.30%, without taking into account capital value appreciation, which has been averaging out at 2.79%.

Information supplied by:




M
O

W
E

While Perth is expected to see an increase in fly-in, fly-out (FIFO) tenants as the WA resources sector picks up over the next year or so, Fremantle too is getting its fair share of interest from the FIFO crowd.

“We have recently received a lot of applications for rental properties from eastern states and ‘fly-in, fly-out’ tenants, and this usually translates to a corresponding increase in home sales,” says Raine & Horne Fremantle principal John O’Neil.

“However, we will need to wait until the FIFO’s start earning money from their work in the resources sector before this happens.”

In terms of where’s hot in Fremantle at the moment, O’Neil points to Hilton as one suburb that’s performing especially well given the current subdued market conditions thanks to its level of affordability.

“Homebuyers have been chasing homes in Hilton, on the outskirts of Fremantle, where you can buy three-bedroom homes in the low $400,000s,” he says.

Metrics i HOUSE UNIT
$845,000 $520,000
5.30% 1.86%
8.33% 6.12%
1.90% 2.79%
$605 $430
151 217
3.72% 4.30%
44.8090909090909 51.4484848484849

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Fremantle WA
Demographics
Total population 7668
Median household income ($/weekly) 1397
Median age of persons 41
Median housing loan repayment ($/monthly) 2263
Average household size 2
  • Census Count Percent(%)
    25-34 years 1431 18.7
    35-44 years 1090 14.2
    45-54 years 1148 15.0
    55-64 years 1122 14.6
    65-74 years 640 8.3
    Others 2238 29.2
    Age Group
    Census Count Percent(%)
    Not Married 2878 50.3
    Registered Married 1994 34.8
    Defacto Relationship 855 14.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4450 62.8
    Japan 242 3.4
    Papua New Guinea 244 3.4
    United Kingdom 955 13.5
    Other 417 5.9
    Others 777 11.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 160 2.4
    Christianity 3706 54.6
    Islam 46 0.7
    Other Religious Groups 55 0.8
    No Religion 2740 40.4
    Others 81 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 253 8.4
    $400-$599 253 8.4
    $600-$799 230 7.7
    $1,500-$1,999 328 10.9
    $2,500-$2,999 396 13.2
    Others 1544 51.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2627 41.6
    Not in the labour force 1936 30.6
    Employed, worked part-time 1231 19.5
    Employed, away from work 298 4.7
    Unemployed, looking for work 229 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 524 12.6
    Professionals 1583 38.1
    Technicians & trades workers 452 10.9
    Community & personal service workers 362 8.7
    Clerical & administrative workers 486 11.7
    Others 749 18.0
    Occupation
    Census Count Percent(%)
    Pre-school 75 5.2
    Infants/Primary 334 23.3
    Secondary 237 16.6
    Technical or Further Educational Institution 148 10.3
    University or other Tertiary Institutions 599 41.8
    Others 39 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3382 51.1
    Semi-detached, row or terrace house, townhouse 1703 25.7
    Flat, unit or apartment 1478 22.3
    House or flat attached to a shop, office 44 0.7
    Caravan, cabin, houseboat 10 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1513 46.0
    Fully owned 909 27.6
    Being purchased 847 25.8
    Other tenure type 19 0.6
    Tenure Type
Census 2011, ABS
Chart Table