Suburb Profile Report for Fremantle WA (6160)

Fremantle House: Median price $790,000, Annual capital growth 1.84%, Number of sales 97, Weekly median advertised rent $520

Fremantle Unit: Median price $525,000, Annual capital growth 3.75%, Number of sales 103, Weekly median advertised rent $395

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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.

YIP MAG Information supplied by:

YIP MAG
July 2015

M
O

W
E
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
Metrics i HOUSE UNIT
$790,000 $525,000
1.15% 6.06%
1.94% 16.67%
1.84% 3.75%
$520 $395
97 103
3.42% 3.91%
65.44927 97.43104

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Fremantle WA
Demographics
Total population 7668
Median household income ($/weekly) 1397
Median age of persons 41
Median housing loan repayment ($/monthly) 2263
Average household size 2
  • Census Count Percent(%)
    25-34 years 1431 18.7
    35-44 years 1090 14.2
    45-54 years 1148 15.0
    55-64 years 1122 14.6
    65-74 years 640 8.3
    Others 2238 29.2
    Age Group
    Census Count Percent(%)
    Not Married 2878 50.3
    Registered Married 1994 34.8
    Defacto Relationship 855 14.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4450 62.8
    Japan 242 3.4
    Papua New Guinea 244 3.4
    United Kingdom 955 13.5
    Other 417 5.9
    Others 777 11.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 160 2.4
    Christianity 3706 54.6
    Islam 46 0.7
    Other Religious Groups 55 0.8
    No Religion 2740 40.4
    Others 81 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 253 8.4
    $400-$599 253 8.4
    $600-$799 230 7.7
    $1,500-$1,999 328 10.9
    $2,500-$2,999 396 13.2
    Others 1544 51.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2627 41.6
    Not in the labour force 1936 30.6
    Employed, worked part-time 1231 19.5
    Employed, away from work 298 4.7
    Unemployed, looking for work 229 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 524 12.6
    Professionals 1583 38.1
    Technicians & trades workers 452 10.9
    Community & personal service workers 362 8.7
    Clerical & administrative workers 486 11.7
    Others 749 18.0
    Occupation
    Census Count Percent(%)
    Pre-school 75 5.2
    Infants/Primary 334 23.3
    Secondary 237 16.6
    Technical or Further Educational Institution 148 10.3
    University or other Tertiary Institutions 599 41.8
    Others 39 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3382 51.1
    Semi-detached, row or terrace house, townhouse 1703 25.7
    Flat, unit or apartment 1478 22.3
    House or flat attached to a shop, office 44 0.7
    Caravan, cabin, houseboat 10 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1513 46.0
    Fully owned 909 27.6
    Being purchased 847 25.8
    Other tenure type 19 0.6
    Tenure Type
Census 2011, ABS
Chart Table