AREA REPORTS

Lower King

 

 

WA/
Lower king

Suburb Profile

Lower King - FREE SUBURB PROFILE REPORT
POSTAL CODE: WA,6330

house

LOWER KING, 6330 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $385,000.

Profits due to an upward trend in home prices in the suburb averaged 3.33% per annum over a 3-year period.

LOWER KING now ranks at the 132nd 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 $355 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 110.0 days.

In 2016, 28 properties were sold in LOWER KING during the past year, making it the 225th most active market in WA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $385,000 N/A
GROWTH REPORT
Median Quarterly 0.65% N/A
Median 12 month -1.28% N/A
Median 3 years 10% N/A
Median 5 years 6.94% N/A
10 years average annual 0.39% N/A
Weekly media advert. rent $355 N/A
Time on Market 110.0 days N/A
Gross Rental Yield Percent 4.79% N/A
demographics (median values)
Total Population
1603
Weekly Household Income
1024
Household Size
2.70
demographics
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