Fremantle is a mid-sized suburb in Western Australia within the Fremantle local government area (postcode 6160). The area has roughly 9,251 residents and an established family demographic, with a median age of 41. Households earn a median income of $95K per year, with an average household size of 2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.6% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, community & personal service. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
Fremantle has a median house price of $918,000, which has jumped by 13.6% year-on-year. Units have a median price of $650,000. The current median weekly rent is $750. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $2,167.
Fremantle is served by 6 schools, including 4 primary, 2 secondary. The average ICSEA score is 1121, which is well above the national average of 1,000. Public transport access includes 65 bus stops. Healthcare facilities include 1 public hospital.
On the investment side, The gross rental yield works out to roughly 4.3%, which reads as moderate yield. Property prices are near the state median ($918K/$951K). The price-to-income ratio of 9.7x is considered moderate. House prices have moved +13.6% year-on-year. Population growth of +2.6% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.