Fremantle has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of 0.51% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Fremantle comes in at number 89th in WA.
Vendor discounting in Fremantle is giving property investors an average Vendor Discount of around -5.95%. This puts suburb at number 301th in WA when ranking the most discounted suburbs.
Situated 14.66km from the CBD, Fremantle is one of Fremantle (C) localities in the postcode 6160.
Property value increases in Fremantle have tracked higher than the WA average of -3.17% over the last 12 months.
The five-year average increase in median property values for Fremantle,6160 has given property investors a potential capital gain of 2.50% across each of those five years.
Fremantle, 6160 is offering WA ‘s 14th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this WA.
Fremantle is 105th on a list of best yielding suburbs for rents in WA with a 4.01% return
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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