Suburb Profile Report for Fremantle WA (6160)

Fremantle House: Median price $792,500, Annual capital growth 0.76%, Number of sales 89, Weekly median advertised rent $568

Fremantle Unit: Median price $520,000, Annual capital growth 1.44%, Number of sales 98, Weekly median advertised rent $400

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Property investors who have had real estate in Fremantle, 6160 should be ok with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.06%

Fremantle,6160 was ranked 3021 in Australia by increase in median property value over the quarter.

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 -8.42% is being offered, which puts this WA suburb at 436th most discounted overall in Australia.

Fremantle has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of -0.95% to date .

Taking the average capital gain, or increase in median house value, Fremantle,6160 has racked up an average of -0.95% over the period. This ranks it number 416th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Fremantle is offering property investors an average of -8.80. This rate of discount on properties puts Suburb at number 68th in terms of most discounted suburbs in WA

In the last year 98 properties changed hands in Fremantle, which puts it as the 12th most active market in WA when comparing the number of sales per suburb.

With the median price for a house in Fremantle being $520000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.00%

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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
$792,500 $520,000
-0.31% -0.95%
0.06% -0.95%
0.76% 1.44%
$568 $400
89 98
3.72% 4.00%
66.8360655737705 88.9310344827586

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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