Menangle Park Could Be The Next South Western Sydney Success Story
For buyers willing to gamble on an early-stage release in an unknown suburb, the rewards might just outweigh the risks. ...
LOWER KING, 6330 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in WA have risen as a whole, pulling LOWER KING, 6330 values up and netting property investors a capital gain of 17.18% for the past year.
Investors saw the median home price rise to $436,500.
Profits due to an upward trend in home prices in the suburb averaged 3.97% per annum over a 3-year period.
LOWER KING now ranks at the 327th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in LOWER KING are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $380 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In LOWER KING, homes and units usually stay on listing for an average of 82.0 days.
In 2016, 39 properties were sold in LOWER KING during the past year, making it the 177th most active market in WA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||17.18%||N/A|
|Median 3 years||11.92%||N/A|
|Median 5 years||14.87%||N/A|
|10 years average annual||2.05%||N/A|
|Weekly media advert. rent||$380||N/A|
|Time on Market||82.0 days||N/A|
|Gross Rental Yield Percent||4.53%||N/A|