Suburb Profile Report for South Fremantle WA (6162)

South Fremantle House: Median price $995,000, Annual capital growth 2.25%, Number of sales 50, Weekly median advertised rent $595

South Fremantle Unit: Median price $430,000, Annual capital growth -1.70%, Number of sales 13, Weekly median advertised rent $475

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

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

  • House Report
  • Unit Report

At number 3203th in the list of Australian suburbs ordered by increase in median house value over the last year, South Fremantle, 6162 is in the BOTTOM 30% with a property value increase of -8.72% recorded in median house prices.

While South Fremantle,6162 ranked number 336th in WA for increase in median house value (annualised) increase, it is ranked 39th over the last 5 years.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.58% offered to property buyers. Sellers in South Fremantle itself are offering an average vendor discount of -9.91% to real estate investors.

In the last year 50 properties changed hands in South Fremantle, which puts it as the 220th most active market in WA when comparing the number of sales per suburb.

South Fremantle, 6162’s gross rental yield is 3.11%

If you compare the increase in value of investment property in South Fremantle, 6162 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -30.08%.

The five-year average increase in median property values for South Fremantle,6162 has given property investors a potential capital gain of -25.86% across each of those five years.

A $475 per week rent on the median house gives suburb investors a gross yield of circa 5.74%, without taking into account capital value appreciation, which has been averaging out at -1.70%.

Metrics i HOUSE UNIT
$995,000 $430,000
-2.69% -2.82%
-8.72% -30.08%
2.25% -1.70%
$595 $475
50 13
3.11% 5.74%
74.6052631578947 82

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

DSR Score for property investment : Balanced (H), Above average (U)
Find a mortgage broker in South Fremantle WA
Demographics
Total population 2999
Median household income ($/weekly) 1407
Median age of persons 44
Median housing loan repayment ($/monthly) 2184
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 282 9.4
    25-34 years 383 12.8
    35-44 years 427 14.2
    45-54 years 507 16.9
    55-64 years 480 16.0
    Others 920 30.7
    Age Group
    Census Count Percent(%)
    Not Married 1001 44.5
    Registered Married 915 40.6
    Defacto Relationship 335 14.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1836 65.0
    Japan 87 3.1
    Papua New Guinea 95 3.4
    United Kingdom 417 14.8
    Other 141 5.0
    Others 247 8.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 58 2.2
    Christianity 1411 52.9
    Judaism 14 0.5
    Other Religious Groups 16 0.6
    No Religion 1156 43.3
    Others 12 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 104 9.6
    $1,000-$1,249 92 8.5
    $1,500-$1,999 116 10.7
    $2,500-$2,999 137 12.6
    $3,000-$3,499 82 7.6
    Others 554 51.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 913 38.0
    Not in the labour force 760 31.7
    Employed, worked part-time 555 23.1
    Employed, away from work 99 4.1
    Unemployed, looking for work 74 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 206 13.1
    Professionals 586 37.4
    Technicians & trades workers 168 10.7
    Community & personal service workers 156 10.0
    Clerical & administrative workers 170 10.8
    Others 281 17.9
    Occupation
    Census Count Percent(%)
    Pre-school 30 4.9
    Infants/Primary 196 32.0
    Secondary 137 22.4
    Technical or Further Educational Institution 56 9.2
    University or other Tertiary Institutions 182 29.7
    Others 11 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1969 72.3
    Semi-detached, row or terrace house, townhouse 399 14.7
    Caravan, cabin, houseboat 183 6.7
    Flat, unit or apartment 158 5.8
    House or flat attached to a shop, office 14 0.5
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 500 41.2
    Rented 384 31.6
    Being purchased 323 26.6
    Other tenure type 7 0.6
    Tenure Type
Census 2011, ABS
Chart Table