Suburb Profile Report for Lower King WA (6330)

Lower King House: Median price $383,000, Annual capital growth -0.64%, Number of sales 28, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Expert Report

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

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May 2017

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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

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
Metrics i HOUSE UNIT
$383,000 N/A
-1.79% N/A
3.51% N/A
-0.64% N/A
$360 N/A
28 N/A
4.89% N/A
85.54 N/A

Source: CoreLogic

DSR Score for property investment : Above average (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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