If you compare the increase in value of investment property in Fremantle, 6160 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this WA suburb was 1.42%.
When looking at the potential capital gains offered to property investors over the last 3 years, Fremantle comes in at number 80th in WA.
The most recent median price for Fremantle is $783000, with sellers offering an average of -6.38% off the asking price.
In the last year 99 properties changed hands in Fremantle, which puts it as the 103th most active market in WA when comparing the number of sales per suburb.
Situated 14.69km from the CBD, Fremantle is one of Fremantle (C) localities in the postcode 6160.
Property investors who have had real estate in Fremantle, 6160 should be relatively pleased 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 2.73%
While Fremantle,6160 ranked number 93th in WA for increase in median house value (annualised) increase, it is ranked 8th over the last 5 years.
Vendor discounting in Fremantle is giving property investors an average Vendor Discount of around -9.31%. This puts suburb at number 24th in WA when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $20384 per annum or $392 every week.
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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