Lower King, 6330 ranked 74th in WA when comparing growth in median property values or capital gain over the last 12 months. Lower King is one of 1662 in our list for WA
Lower King,6330 was ranked 3318 in Australia by increase in median property value over the quarter.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.15% offered to property buyers. Sellers in Lower King itself are offering an average vendor discount of -6.54% to real estate investors.
Lower King is 84th on a list of best yielding suburbs for rents in WA with a 4.89% return
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
Information supplied by:
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