Lower King is in the TOP 10% in WA when comparing median price capital growth over the last year. Lower King gave property investors a very good capital gain figure when compared to the rest of the state, with 5.69%.
Taking the average capital gain, or increase in median house value, Lower King,6330 has racked up an average of 5.69% over the period. This ranks it number 3325th in the whole country for real estate investors looking at median house price increases.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.23% offered to property buyers. Sellers in Lower King itself are offering an average vendor discount of -6.66% to real estate investors.
Often selling an investment property can take time, and in Lower King the average time real estate has been on the market is 86.28 days.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of -0.58%, investors should hope to achieve an overall return of 4.80%
8km south of Albany, the suburb of Lower King is showing itself as a steady hand, especially in the midst of the instability in the Western Australia property market. It has maintained positive growth for the past five years, though this growth has primarily been gentle.Full summary
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Port city neighbour rides wave of growth
Median house price: $400,000
Three-year growth: 11.11%
Rental yield: 4.62%
8km south of Albany, the suburb of Lower King is showing itself as a steady hand, especially in the midst of the instability in the Western Australia property market. It has maintained positive growth for the past five years, though this growth has primarily been gentle.
As suggested by its name, the suburb is situated along the lower reaches of the King River. Residents have easy access to the amenities in Albany, including beaches, fishing spots, schools, universities and the regional airport. Bus services run from Lower King to the port city.
Investors can gain a reasonable yield of almost 5%. With the median price being quite low at just $400,000, following over 14% growth over the previous 12 months, buying a property in Lower King could be a good way to enter the Great Southern region’s market.Close