Question 1

Is Lower King a nice place to live?

Accepted Answer

Lower King sits beside the King River and near Oyster Harbour, with river-based recreation and a small shopping strip.

Lower King is an older community where many households own their homes outright and incomes are below the Western Australian median; 1,890 people lived in Lower King. Local services are modest and centred on community facilities, and road links provide straightforward access to Albany and other regional centres. There is a funded boating-facilities upgrade at the Lower King boating facility, including a new boat-ramp lane and an upgrade of the fixed jetty to a floating jetty, and the City of Albany awarded the contract for the finger-jetty upgrades.

Question 2

Is it expensive to live in Lower King?

Accepted Answer

On the figures, a house renting for $825 a week in Lower King would take about 57% of a typical local household's weekly income, which was $1,448 a week at the most recent Census. The median house price of $830,000 works out to about 11.0 times a typical local annual household income, placing buying well above local incomes. If you're renting rather than buying, that 57% rent share is the number that will matter most to you.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Lower King a good place to invest?

Accepted Answer

Lower King’s house market moved sharply over the most recent 12 months: median house values rose 28.0% and house rents rose 26.9%. For houses, that means both capital growth and rental income recorded large increases, with values marginally outpacing rents.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$830K	N/A
Change in value Past 12 months	28.0%	N/A
Sold Past 3 months	11	N/A
Median days on market Past 12 months	11	N/A
Average rent Past 12 months	$825	N/A
Change in rent Past 12 months	26.9%	N/A

	Suburb	WA
Median age years	48	38
Median household income weekly	$1,448	$1,815
Couples with children share of families	38.9%	44.6%
Couples without children share of families	47.8%	38.8%
One-parent families share of families	12.7%	15.1%
Homes owned outright share of homes	46.5%	30.2%
Homes with a mortgage share of homes	41.5%	41.4%
Homes rented share of homes	12.0%	28.3%

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