Lower King, 6330 ranked 208th 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 3942 in Australia by increase in median property value over the quarter.
Lower King6330 is located in WA which offers an average discount of -8.58% to property investors. Lower King itself is showing figures that indicate -6.04% is the average achievable by property buyers investing in the suburb.
In the last year 24 properties changed hands in Lower King, which puts it as the 338th most active market in WA when comparing the number of sales per suburb.
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.