At number 2725th in the list of Australian suburbs ordered by increase in median house value over the last year, Fremantle, 6160 is in the BOTTOM 40% with a property value increase of -4.91% recorded in median house prices.
While Fremantle,6160 ranked number 325th in WA for increase in median house value (annualised) increase, it is ranked 79th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Fremantle is offering property investors an average of -8.57. This rate of discount on properties puts Suburb at number 317th in terms of most discounted suburbs in WA
In the last year 96 properties changed hands in Fremantle, which puts it as the 95th most active market in WA when comparing the number of sales per suburb.
Fremantle, 6160’s gross rental yield is 3.74%
Fremantle is in the TOP 10% in WA when comparing median price capital growth over the last year. Fremantle gave property investors a very good capital gain figure when compared to the rest of the state, with 14.79%.
Comparing Fremantle,6160 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -9.30% offered to property buyers. Sellers in Fremantle itself are offering an average vendor discount of -9.32% to real estate investors.
Situated 15.02km from the CBD, Fremantle is one of Fremantle (C) localities in the postcode 6160.
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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