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South Fremantle vs Waterford

Property investment comparison - South Fremantle, WA 6162 vs Waterford, WA 6152

Head-to-head across core investment metrics: South Fremantle wins 2, Waterford wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricSouth FremantleWaterford
Median house price$2M$2.0M
Median unit price$850K-
Gross rental yield (houses)2.52%-
Gross rental yield (units)4.95%3.87%
1-year house growth+10.0%+16.8%estimate
3-year house growth+33.4%-
Vacancy rate0.3%4.0%
Population3,3982,460

South Fremantle vs Waterford: what the numbers say

The median house price is $2M in South Fremantle and $2.0M in Waterford, so Waterford is the cheaper entry point, with South Fremantle houses about 2% dearer.

Over the past year house prices moved +10.0% in South Fremantle and +16.8% in Waterford (an estimate), so recent momentum favours Waterford, although both suburbs recorded growth.

Rental vacancy is 0.3% in South Fremantle and 4.0% in Waterford, so landlords in South Fremantle face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

South Fremantle is the bigger suburb, with a population of 3,398 against 2,460, larger than Waterford; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Waterford for a lower purchase price, Waterford for recent price momentum, South Fremantle for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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