Fremantle is in the TOP 20% 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 7.80%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fremantle has fallen somewhat when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Fremantle is offering property investors an average of -8.01. This rate of discount on properties puts Suburb at number 357th in terms of most discounted suburbs in WA
Fremantle is 284th on a list of best yielding suburbs for rents in WA with a 3.60% return
Property value increases in Fremantle have tracked close to the WA average of -4.34% over the last 12 months.
While Fremantle,6160 ranked number 85th in WA for increase in median house value (annualised) increase, it is ranked 28th over the last 5 years.
Fremantle6160 is located in WA which offers an average discount of -9.13% to property investors. Fremantle itself is showing figures that indicate -8.20% is the average achievable by property buyers investing in the suburb.
Fremantle is 67th on a list of best yielding suburbs for rents in WA with a 4.16% return
With its stunning sunsets, laid back lifestyle and vibrant restaurant scene, few could deny that Fremantle is a popular place to live.Full summary
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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 HwyClose