If you compare the increase in value of investment property in Lower King, 6330 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 4.61%.
Taking the average capital gain, or increase in median house value, Lower King,6330 has racked up an average of 4.61% over the period. This ranks it number 2307th in the whole country for real estate investors looking at median house price increases.
Lower King6330 is located in WA which offers an average discount of -8.00% to property investors. Lower King itself is showing figures that indicate -6.64% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $380 weekly from the median priced house in this suburb.
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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.