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North Fremantle, WA 6159

Home » WA Real Estate Data » City of Fremantle, WA » North Fremantle, WA 6159

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for North Fremantle, WA 6159 located in Perth to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “North Fremantle, WA 6159”

  1. The total adult population (15 years or older) of North Fremantle 6159 WA is 3,481, with a median age of 48. Of those, 44.27% are married, 14.74% are divorced or separated, 35.48% are single and 5.17% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $13,044. The median monthly mortgage repayment for households in this suburb is $2,600 which is 19.93% of their earnings.

    Source: ABS Census Data (2021)

  2. North Fremantle, postcode 6159, is a suburb situated in Western Australia, with an estimated total of 2881 households. As we step into the third quarter of 2023, we can see some compelling statistics about the local property market.

    The typical asking price for houses in North Fremantle stands at a considerable $1,638,631. Simultaneously, the median weekly rent for these properties rounds off at $788. Taken together, these figures produce an indicative yield of 2.5%. While this is somewhat below the average for cash flow-driven investors, it still highlights the potential for steady rental income.

    In terms of socio-economic indicators, North Fremantle has a relatively high IRSAD score of 1111 out of 1217. This suggests that the local population enjoys substantial access to economic resources, with a good level of income and presence of skilful professions.

    The renter to owner ratio in North Fremantle is 32%, situated just above the ideal range. This reveals a balanced rental market, but it is crucial to monitor this metric to avoid potential oversaturation of rental properties. Equally significant is the units to houses ratio, registering at 47%. This is within the preferable range, hinting towards less competition among landlords for tenants.

    Coming to the affordability index, buyers are looking at an estimated 49 years to fully own a property in North Fremantle, indicating decreased affordability.

    From a supply perspective, the suburb maintains a stock on market Percentage of 0.48% for houses, which is considered neutral. The inventory level, or Months of Supply, is at a healthy 1.62 months, reinforcing the balance between supply and demand in the market.

    Interestingly, the building approvals Ratio is at 0%. This could indicate a lack of new construction, potentially preserving the value of existing properties.

    However, the suburb’s average days on market for houses is fairly high at 177, pointing towards lower demand. The Vacancy Rate, which combines houses and units, is moderate at 1.75%, indicating that while the demand is not sky-high, the rental market is far from oversaturated.

    Finally, the buy search index for houses stands at 5. This suggests that the level of online interest in buying property in North Fremantle is around the state or city average.

    Although some metrics are not in the ideal range – such as indicative yield and affordability – the overall picture suggests an interesting market, especially given its balanced Supply and Demand metrics. Investors should always consider the holistic picture, and in the case of North Fremantle, delve deeper into the RCS (Relative Composite Score) for a comprehensive analysis.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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