Suburb Profile Report for Fremantle WA (6160)

Fremantle House: Median price $793,500, Annual capital growth 2.28%, Number of sales 96, Weekly median advertised rent $550

Fremantle Unit: Median price $544,000, Annual capital growth 3.40%, Number of sales 70, Weekly median advertised rent $400

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Fremantle is an average performer in WA when comparing median price capital growth over the last year. Fremantle gave property investors a good capital gain figure when compared to the rest of the state, with 1.08%.

While Fremantle,6160 ranked number 98th in WA for increase in median house value (annualised) increase, it is ranked 73th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Fremantle is offering property investors an average of -8.58. This rate of discount on properties puts Suburb at number 298th in terms of most discounted suburbs in WA

At number 784 in a list of fastest selling suburbs, Fremantle is in the TOP 30% of suburbs in Australia with an average of days on market 59.8182 for properties listed there.

The WA suburb of Fremantle, 6160 is in the Fremantle (C) local government area.

WA has seen average median house prices change by -6.57% which means that Fremantle, 6160 has not done well for property investors by showing a capital gain of 15.74% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Fremantle comes in at number 12th in WA.

Property buyers and investors in Fremantle 6160 should be seeing an average reduction in asking price of around -8.79% . This means that Fremantle is holding prices well when compared to other suburbs in WA.

YIP MAG Information supplied by:

YIP MAG
July 2015

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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 Hwy
Metrics i HOUSE UNIT
$793,500 $544,000
2.39% 0.37%
1.08% 15.74%
2.28% 3.40%
$550 $400
96 70
3.60% 3.82%
59.8181818181818 98.025641025641

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Below average (U)
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
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