EAST FRE­MAN­TLE THE PLACE TO BE

Cockburn Gazette - - FRONT PAGE - Keren Bel­los

EAST Fre­man­tle is the most soughtafte­r lo­ca­tion for home hun­ters in the

Gazette area, new data has re­vealed. On­line views of houses for sale in the river­side sub­urb show buyer in­ter­est is nearly five times higher in the river­side sub­urb than the WA me­dian.

How­ever, buy­ing into the pop­u­lar lo­cale doesn’t come cheap – its me­dian price for all dwelling types is $1.1425 mil­lion.

EAST Fre­man­tle is the most sought-af­ter lo­ca­tion for home hun­ters in the Gazette area, new data has re­vealed.

Realestate.com.au fig­ures show buyer in­ter­est in houses for sale in the river­side sub­urb is high, with each prop­erty get­ting nearly 2000 on­line views – al­most quin­tu­ple the WA me­dian of 407 in the six months to June 30.

How­ever, buy­ing into the pop­u­lar lo­cale doesn’t come cheap; its me­dian price for all dwelling types is $1.1425 mil­lion.

Neigh­bour­ing sub­urbs Fre­man­tle and South Fre­man­tle rounded out the top three for searches, with prop­er­ties in the ar­eas notch­ing up 1663 and 1546 vis­its re­spec­tively.

Ca­porn Young as­so­ciate di­rec­tor Ste­fanie Do­bro said East Fre­man­tle was al­ways a steady performer.

“I be­lieve there is stronger ac­tiv­ity, par­tic­u­larly stronger com­pe­ti­tion for ex­ist­ing stock but also a higher vol­ume of trans­ac­tions in the first half of the year than in the pre­vi­ous year,” she said.

“We are still see­ing where prop­er­ties priced above mar­ket value are tak­ing much longer to sell and of­ten discounted be­low where fair mar­ket value would have been had they been mar­keted more ef­fec­tively from the be­gin­ning.”

Ms Do­bro said the com­pany had sold 15 prop­er­ties in East Fre­man­tle this year, in­clud­ing three off­mar­ket listings.

A weath­er­board cot­tage in Glyde Street re­ceived five of­fers and sold in the first two weeks on mar­ket.

“Her­itage prop­er­ties are al­ways in strong de­mand, both ren­o­vated and need­ing re­fur­bish­ment,” she said. “Fam­ily prop­er­ties are also in high de­mand as are homes suitable for down­siz­ers.”

Ms Do­bro said East Fre­man­tle was pop­u­lar due to its ex­cep­tional lo­ca­tion.

“It of­fers easy ac­cess to the river, shop­ping and cafes, two great pub­lic pri­mary schools and great pub­lic high schools as well as easy ac­cess to pri­vate schools north and south of the river,” she said.

“The sub­urb is es­sen­tially the hub of a wheel where you can head east to­wards the city, west to Fre­man­tle, south to South Fre­man­tle and Cock­burn or north of the river to the west­ern sub­urbs and be­yond.

“But more than these physical at­tributes, it is the friendly and open sense of com­mu­nity in East Fre­man­tle that fur­ther drives the sub­urb’s de­sir­abil­ity.

“Add walk­a­bil­ity to shops and trans­port, a se­ries of won­der­ful sport and recre­ation clubs and you have a whole host of rea­sons buy­ers are com­pet­ing to pur­chase in East Fre­man­tle.”

Ca­porn Young has listed 3/2 River­side Road, East Fre­man­tle, for sale. It is lo­cated in the most in-de­mand lo­cal sub­urb, ac­cord­ing to new fig­ures.

Ca­porn Young as­so­ciate di­rec­tor Ste­fanie Do­bro said East Fre­man­tle was pop­u­lar due to its ex­cep­tional lo­ca­tion.

5/40 Duke Street, East Fre­man­tle, is for sale from $779,000.

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