North Fremantle

About North Fremantle

​North Fremantle, located approximately 2 km north of Fremantle’s central business district, is a vibrant suburb known for its unique blend of residential, commercial, and industrial spaces.​

Property Market Overview:

• Median Property Prices: Over the past year, North Fremantle has experienced fluctuations in property values. The median house price is approximately $1.77 million, reflecting a 4.3% annual increase. However, other sources report a median house price around $1.6 million, indicating an 8.8% annual decrease. Units have a median price of approximately $980,000, with a 9.2% annual growth. ​

• Rental Market: The rental market in North Fremantle is robust, with houses renting for a median of $900 per week, yielding an annual rental return of about 3.3%. Units command a median rent of $850 per week, offering a rental yield of approximately 4.9%. ​

• Market Activity: In the past 12 months, North Fremantle has seen 57 house sales with a median sale price of $1.6 million, marking an 8.8% annual decrease. The average time on market for houses is approximately 16 days, with vendor discounting averaging 6.5%. Units have experienced a 5.92% annual capital growth, with 90 sales in the past year and an average market presence of 16 days. ​propertyvalue.com.auYourinvestmentpropertymag.com.au

Demographics and Lifestyle:

With a population of approximately 3,340 residents, North Fremantle offers a unique blend of residential, commercial, and industrial spaces. The suburb boasts local shopping centres such as the East Fremantle Shopping Centre and is well-served by public transport, with bus services connecting residents to the North Fremantle Train Station.

Investment Insights:

Despite fluctuations in property values, North Fremantle‘s rental yields remain attractive, with houses offering a 3.3% return and units around 4.9%. The average days on market for properties are relatively low, indicating sustained buyer interest. Additionally, recent analyses suggest that areas like Fremantle, including North Fremantle, are experiencing significant supply shortages, which may support property values in the long term. ​