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.