WA has seen average median house prices change by -2.32% which means that Lower King, 6330 has not done well for property investors by showing a capital gain of 0.52% over the last year
The five-year average increase in median property values for Lower King,6330 has given property investors a potential capital gain of 12.23% across each of those five years.
In the last year 30 properties changed hands in Lower King, which puts it as the 314th most active market in WA when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4380 per annum or $365 every week.
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