Suburb Profile Report for Lower King WA (6330)

Lower King House: Median price $386,000, Annual capital growth 2.00%, Number of sales 39, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Property investors who have had real estate in Lower King, 6330 should be relatively pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.22%

Over the longer term, Lower King has seen property prices show investors a 14.37% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Lower King is giving property investors an average Vendor Discount of around -6.43%. This puts suburb at number 316th in WA when ranking the most discounted suburbs.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 2.00%, investors should hope to achieve an overall return of 4.72%

HOUSE UNIT
$386,000 N/A
5.75% N/A
7.22% N/A
2.00% N/A
$350 N/A
39 N/A
4.72% N/A
122.6 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 1738
Median household income ($/weekly) 1193
Median age of persons 43
Median housing loan repayment ($/monthly) 1517
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 276 15.9
    35-44 years 239 13.8
    45-54 years 287 16.5
    55-64 years 260 15.0
    65-74 years 182 10.5
    Others 494 28.4
    Age Group
    Census Count Percent(%)
    Registered Married 688 56.7
    Not Married 383 31.5
    Defacto Relationship 143 11.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1292 78.9
    Papua New Guinea 24 1.5
    South Africa 27 1.6
    United Kingdom 204 12.5
    Other 28 1.7
    Others 62 3.8
    Country of Birth
    Census Count Percent(%)
    Christianity 947 61.2
    No Religion 575 37.1
    Buddhism 17 1.1
    Other Religious Groups 6 0.4
    Hinduism 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 58 10.6
    $600-$799 53 9.7
    $800-$999 53 9.7
    $1,500-$1,999 83 15.1
    $2,000-$2,499 56 10.2
    Others 246 44.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 503 38.1
    Employed, worked full-time 444 33.7
    Employed, worked part-time 283 21.5
    Employed, away from work 59 4.5
    Unemployed, looking for work 30 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 91 11.5
    Professionals 151 19.1
    Technicians & trades workers 137 17.3
    Clerical & administrative workers 101 12.8
    Labourers 84 10.6
    Others 227 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 30 7.3
    Infants/Primary 153 37.3
    Secondary 132 32.2
    Technical or Further Educational Institution 58 14.1
    University or other Tertiary Institutions 31 7.6
    Others 6 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1548 99.4
    Semi-detached, row or terrace house, townhouse 9 0.6
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 249 41.2
    Fully owned 243 40.2
    Rented 107 17.7
    Other tenure type 6 1.0
    Tenure Type
Census 2011, ABS
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