Fremantle Suburb Profile

April 24, 2017
Shae Aiello

Fremantle is a bustling, lively coastal suburb in Perth, Western Australia. It is steeped in historical significance, and is a picturesque drawcard for travellers, an art and entertainment precinct for locals and a commercial centre for business.

Fremantle offers a diverse range of home options and surprisingly, there are many options for first home buyers within the city and the surrounding suburbs. Housing affordability and diversity is a key focus for the City of Fremantle.

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Location

The port city of Fremantle is six km2 in size and located approximately 20km from the Perth CBD. It is bounded by the Swan River, East Street and Marmion Street in the north, Carrington Street in the east, Stevens Street, Edmund Street and South Street in the south, and the Indian Ocean in the west. It is a mixed use area, including residential, commercial, institutional, maritime and industrial land use.

Maritime

Fremantle is a colourful city with a rich and vibrant past, well known for its maritime and penal colony history. Fremantle Harbour has long been an entrance point for container ships, cruise ships, ferries and leisure craft. The nearby Success Harbour and Fishing Boat Harbour protect the city’s working and recreational fleets and feature an eclectic mix of eateries, entertainment and a brewery.

Heritage

Fremantle has been built on series of limestone hills and many of its impressive heritage buildings have been constructed by convicts from this local stone. There are over 3,000 heritage listed properties in the area, with over 250 being classified by the National Trust.

Households

The 2017 population forecast for Fremantle is 9,567, and is forecast to grow to 16,210 by 2036. In 2016 the predominant age group was 25 - 29 years, with an even balance in household structure.

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Property Market

In 2011 52% of homes in Fremantle were owner occupied. In January 2016, the median sales price of houses in the Fremantle area was $760,000, which is low considering that throughout 2016 it consistently sat at $805,000. The median mortgage repayment for Fremantle is $2,263 per month, and the median weekly rent is $320.

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The suburb of Fremantle has something to offer anyone looking to purchase property, whether it be a First Home Owner, an Investor or someone looking to upgrade their family home. There is a great mix of new and old properties, and everything from apartments to mansions (and all that comes in between!).

As well as living locally, 20 years in North Fremantle and more recently building a new home in White Gum Valley, I have been a mortgage broker in the area for 14 years. and I believe that Fremantle has so much to offer.

If you are interested in purchasing in Fremantle or the surrounding suburbs, then do not hesitate to contact me on 0407 111 121 or john.vodanovic@mortgagechoice.com.au. Together we can discuss how to make your financial dreams a reality!

 

This suburb profile was compiled from a variety of sources, including CoreLogic RP Data, www.censusdata.abs.gov.au, www.fremantle.wa.gov.au and www.fremantlewesternaustralia.com.au.

Posted in: Property market

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