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Lower King, WA 6330

Home » WA Real Estate Data » City of Albany, WA » Lower King, WA 6330

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Lower King, WA 6330 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Lower King, WA 6330”

  1. The total adult population (15 years or older) of Lower King 6330 WA is 1,577, with a median age of 48. Of those, 56.18% are married, 12.94% are divorced or separated, 27.01% are single and 4.06% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,616. The median monthly mortgage repayment for households in this suburb is $1,619 which is 21.26% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the region of Western Australia, the suburb Lower King 6330 comprises of an estimate of 879 households. Moving into the Q3 of 2023, the typical property prices for houses in Lower King 6330 was observed at $560,414. The median weekly rental rates stood at $398, which calculated an indicative yield of approximately 3.69%.

    The socio-economic status of Lower King 6330, as indicated by its IRSAD score, lies at 987 out of a possible 1,217. The relatively high score intimates socio-economic suitability of the suburb, signified by fair access to economic resources, acceptable income levels and perhaps the presence of some skilled professions among residents.

    In terms of property types, the renter to owner ratio is a promising 12% and the units to houses ratio is ideally at 0%, implying that the market is not overly saturated with rental properties and offers lower competition among landlords. These make up for conditions that not only maintain higher rental yields but can attract a stronger presence of families, who tend to have longer tenancy periods.

    The affordability index for houses, also known as the ‘Years to Own’ metric in Lower King 6330, is 29 years. This shows the market provides high affordability amongst the residents, making it an attractive area for potential homeowners and investors.

    From a supply perspective, the stock on market percentage for houses strikes a favourable balance, sitting at just 0.34%, and inventory level standing at approximately 1.03 months. Furthermore, the building approvals percentage for houses is reassuring at 1.48%. These collectively depict a market that is efficiently absorbing new property listings and offers controlled growth in dwelling supply.

    Demand for properties in this suburb is demonstrated by the average days on market for houses being 88. However, with the vacancy rate working out to be slightly under the ideal at 0.96%, it suggests an opportunity for increased demand for rental properties. The buy search index for houses is at 5, indicating a neutral interest in terms of online property searches for purchases in the area.

    Taking into account these stats it’s clear that the suburb of Lower King 6330 presents a balanced real estate investing environment. While keeping an eye on the trends, consider that some metrics may fall in the unfavourable range and as long as the majority of factors paint a positive outlook, it remains a promising location.

    As always, smarter decisions can be made by using platforms such as HtAG Analytics that simplify the research above using over 80 metrics via the RCS (Relative Composite Score) system which can guide property investors and buyers agents.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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