Riverside suburb boasts premium appeal

Tuesday, 2nd Feb 2016

East FremantleThis tightly-held suburb borders the Swan River, is in close proximity to major employment hubs and will greatly benefit from a soon-to-be completed makeover of its local activity centre.

East Fremantle comprises a population of about 7,000 residents with a median age of 42 years.

73.1% of the properties in the suburb are fully owned or being purchased with just 24.2% of the stock available for rent, which is below the Perth average of 29.2%.

One of the suburb’s main drawcards is its large frontage on the Swan River and adjoining parks and facilities along the foreshore.

Its local activity centre, Richmond Quarter, has been undergoing a major redevelopment and will feature a new vibrant, mixed-use hub including residential apartments, office space and restaurants.

The state government recently announced that it planned to sell the Leeuwin Barracks site, which sits on the riverfront in East Fremantle.

The land is expected to fetch up to $100 million and be redeveloped by real estate developers for premium housing.

East Fremantle is also conveniently located just 2 kilometres from Fremantle and 17km from the Perth CBD.

With 71% of dwellings listed as houses, the suburb comprises a blend of property, from houses built in the early 1900s to modern new constructions.

The average house price sits at $1.2 million and the area is zoned mostly low density residential (R12.5 to R20) with higher zoning along Canning Highway.

37.1% of the population also identify as working professionals, which is almost twice the Perth average of 19.9%, and is reflective of the affluent residential population.

There are two primary schools in the suburb – Richmond Primary and East Fremantle Primary.