Q4 2024
The median house price in East Fremantle is approximately $1.65 million as of December 2024, representing stability in a competitive market. Properties in the suburb are selling at an impressive pace, with an average time on market of just 16 days. This sustained buyer interest underscores the strong demand for homes in this sought-after riverside location, even amidst a tightening supply.
The rental sector in East Fremantle remains robust, with a median weekly rent of $985 for houses, yielding an approximate rental return of 2.67%.
East Fremantle is recognised as one of the 25 Australian suburbs experiencing critically low housing supply, which is expected to drive property prices upward. This shortage, coupled with a 14% population increase over the past decade, has led to a 29% reduction in available listings and a 77% decrease in new house building approvals over the past three years.
It has been observed that the rapid pace of home sales has kept the number of properties for sale at record lows across the metro area. The median time on market is the fastest since records began in 1998.
East Fremantle's property market continues to exhibit strong demand and limited supply, contributing to rising property values and swift sales. For residents and potential buyers, staying informed about these trends is essential for making well-informed real estate decisions.
The message from the team here at Mint for those contemplating selling or leasing, is that the current conditions present fantastic opportunities to capitalise on your property asset. We have been busy with appraisals and we anticipate 2025 being another busy year here in the West.
Publish Date: 01/01/2025
The details noted above including any figures or statistics given are based on information provided by multiple sources including the Western Australian Land Information Authority, Corelogic, REIWA, domain.com.au and realestate.com.au. The statistics noted include results performed by multiple agents and agencies. Whilst all reasonable effort has been made to ensure the enclosed information is correct at the time of publication, Mint Real Estate does not warrant or guarantee the accuracy or completeness of the data.