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Suburb spotlight on: Fremantle
Who’s got top market share?
Home values in Fremantle have increased steadily over the years, In fact, Corelogic data shows that the median house price has lifted from around $780,000 last year to where it sits today at $830,000.
Let’s look at the top market share positions today. Dethridge Groves sits in top spot with 14 per cent share, followed by Acton with 8 per cent. Carporn Young hold 6 per cent and Mark Brophy rounds out the top four with 5 per cent market share.
The Fremantle market suits investors, with 44 per cent of residents renting and plenty of apartments at the more affordable median price of around $582,000. Corelogic data tells us the average three bedroom apartment in Fremantle will rent for $545 per week, giving savvy real estate businesses the opportunity to build a successful sales and property management operation.
The opportunity to open a business in the heart of Fremantle is with Ray White. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.