Heritage Federation rentals sought after in Perth's Mount Lawley, Fremantle: HTW

Heritage Federation rentals sought after in Perth's Mount Lawley, Fremantle: HTW
Heritage Federation rentals sought after in Perth's Mount Lawley, Fremantle: HTW

Heritage property in Perth is common in Fremantle with suburbs Mount Lawley, Bassendean, Perth, Guildford, Bicton, Dalkeith and Calremont boasting a choice of Federation style homes that are keenly sought after by renters according to analyst firm Herron Todd White

HTW’s recent heritage market report said entry level heritage property in both Mount Lawley and Fremantle is under $1 million for a basic and neglected dwelling on a smaller allotment, however properties that have undergone a significant restoration can command well above $2 million.

HTW warned it can be very easy to over-capitalise on these properties and those that fall at the upper end of the value range in the area are often the first to feel a slowdown in the market. 

“In relation to tenancy appeal, there is very good tenant demand for these properties, as tenants are renting a lifestyle that they can not afford to finance or purchase,” HTW said.

“The lower end of the market is often keenly sought after in the rental market, reflecting a well located property with a character feel.

“Both Mount Lawley and Fremantle offer a wide selection of rental properties constructed in the Federation style and the amenities offered within both areas increases the demand and ensures a consistency of occupancy.”

Tags: 
Rental market Heritage Property

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