Q1 2025
North Fremantle's housing values have remained resilient, although the pace of growth has moderated. Across Greater Perth, the median house price rose 20.7% year on year to $766,500 by the end of March 2025. While demand remains strong, a slight easing in population growth, down from 3.4% to 2.5% and a rise in active listings have seen conditions become less frenzied compared to early 2024. Buyers now have more choice, properties are taking slightly longer to sell, and price growth is stabilising.
North Fremantle’s rental market remains tight but is showing early signs of easing. Greater Perth's median weekly rent for dwellings rose modestly to $680, representing a 4.8% increase over the past year. Vacancy rates have inched up to 2.3%, giving tenants slightly more breathing space. However, well-located suburbs like Fremantle continue to experience strong demand, and rental competition remains high for quality properties.
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: 01/04/2025
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.
