North Fremantle Market Report
QUARTER TWO 2024
Market Update
Over the past month, we have observed our local markets are starting to embark towards stability in values. Although houses and luxury apartments have maintained a strong upward trajectory in annual growth, their monthly momentum has notably softened. Recent data reveals a modest 0.59% growth in house values in North Fremantle over the past quarter, contrasted by a more substantial 1.87% increase in units. However, as the persistent challenge of housing supply continues with no immediate signs of resolution, we anticipate that price growth will continue into the cooler winter months.
Investors are presently achieving comfortable rental yields for houses in North Fremantle which are hovering around 3.6%, accompanied by an average median rent of $950 per week. Unit rental values are experiencing a more robust yield of approximately 4.9% and an average weekly rent of $825.
North Fremantle remains an intriguing enclave characterised by its vibrant community of career-oriented couples, where professional life intertwines seamlessly with the charm of suburban living. Nearly 65% of residences in North Fremantle stand as proud owneroccupied abodes, reflecting a profound affection to the locale among its residents.
Sarah Bourke
0474 310 500 sarah.bourke@raywhite.com
18
$1.7M NORTH FREMANTLE HOUSE MEDIAN SALE PRICE* $515K NORTH FREMANTLE 1-BEDROOM UNIT MEDIAN SALE PRICE*
NORTH FREMANTLE PROPERTIES SOLD Q1 2024* $935K NORTH FREMANTLE 2-BEDROOM UNIT MEDIAN SALE PRICE*
31
NORTH
ON MARKET*
NORTH FREMANTLE 3-BEDROOM UNIT MEDIAN SALE PRICE*
FREMANTLE HOMES CURRENTLY
$1.51M
Q2 2024 Sales
Address Beds Cars Price Baths * Based on the information provided by the Western Australian Land Information Authority, REIWA, Domain and Realestate.com.au. The sales results included above were performed by multiple agents and agencies. Whilst all reasonable effort has been made to ensure the enclosed information is correct at the time of printing, we do not warrant or guarantee the accuracy or completeness of the data. * Sqm 17B Bruce Street 3 2 1 $1,125,000 177 306/7 Cattalini Lane 2 1 1 $770,000 109 20/2 Doepel Street 3 2 2 $2,330,000 254 50/1 Freeman Loop 2 2 1 $1,585,000 196 312/17 Freeman Loop 1 1 1 $625,000 88 32/19-21 Harvest Road 1 1 - $315,000 41 44/19-21 Harvest Road 1 1 1 $293,000 41 24/30 Kwong Alley 2 2 2 $1,600,000 224 34/11 Leighton Beach Blvd 2 2 1 $1,600,000 195 9 Leslie Road 3 2 2 $1,765,000 319 4/14 Lime Street 1 1 1 $500,000 65 10/14 Lime Street 2 2 1 $635,000 107 26/80 Stirling Highway 3 2 2 $830,000 201 23/6 Tasker Place 2 2 2 $1,090,000 156 26/6 Tasker Place 3 3 2 $1,425,000 192 8/32 Thompson Road 3 1 2 $915,000 221 75 Thomson Road 5 2 1 $1,900,000 618 2 Westmeath Street 4 $3,800,000 510 9 Stirling Highway 2 $1,025,000 298 2 1 4 2
raywhitedalkeithclaremont.com
North Fremantle
310 500
Sarah Bourke Selling
0474
White Dalkeith
Claremont
Claremont
sarah.bourke@raywhite.com Ray
|
1/10 Stirling Road,