At number 3124th in the list of Australian suburbs ordered by increase in median house value over the last year, Lower King, 6330 is in the BOTTOM 30% with a property value increase of 0.00% recorded in median house prices.
Comparing Lower King,6330 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Lower King is giving property investors an average Vendor Discount of around -8.25%. This puts suburb at number 159th in WA when ranking the most discounted suburbs.
The WA suburb of Lower King, 6330 is in the Albany local government area.
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