Property value increases in Fremantle have tracked close to the WA average of -2.50% over the last 12 months.
Comparing Fremantle,6160 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
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 Fremantle, 6160. Typically our figures indicate that -5.85% is being offered, which puts this WA suburb at 1598th most discounted overall in Australia.
In the last year 102 properties changed hands in Fremantle, which puts it as the 101th most active market in WA when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $6420 per annum or $535 every week.
Property value increases in Fremantle have tracked just lower than the WA average of -5.16% over the last 12 months.
If we look at median property appreciation over just the last three months, Fremantle has given property investors a paper return of -1.16%. This puts Suburb as 47 on a list of fastest fasting appreciating suburbs in WA
Property buyers and investors in Fremantle 6160 should be seeing an average reduction in asking price of around -9.27% . This means that Fremantle is holding prices well when compared to other suburbs in WA.
Renters in Suburb are facing rents around $3960 per annum or $330 every week.
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