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.
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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