Lake King WA Property Investment

CAUTION — $323,000 (pending peer validation) median with 32.2%/yr growth over 5 years.

Lake King has compounded at 32.2%/yr over 5 years. Median sits in the $323,000 (pending peer validation) band today. Properties are sitting on market for 45 days (roughly balanced conditions).

• Median house: $323,000 (pending peer validation) | Units: $0
• Gross yield: 3.1% | Net yield: 1.6%
• 5yr price CAGR: 32.2%/yr | 3yr forecast: 13.5%/yr
• Population: 84 | Owner-occupier rate: 58% | Affluence: Very High

• Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline

• Vacancy: 3.0% (stable) | Rental demand: Moderate
• Median weekly rent: $190/wk | Days on market: 45 (stable)
• Tenant market — vacancy elevated, negotiate hard on rent.

• Median nightly rate: $492/night | Occupancy: 37%
• Estimated annual STR gross: ~$66,377/yr
• vs long-term rent: $9,880/yr (+572% STR premium — factor in higher management costs)

• No major confirmed infrastructure projects on record.
• Transport: Standard suburban transport access

If Lake King maintains 3%+ annual growth and vacancy stays below 2.1%, median prices could reach $371,450 within 3 years with yields compressing slightly as capital values rise.

A market correction or interest rate shock could see prices in Lake King pull back 10-15% from $323,000, with vacancy rising to 5.0% and rental yields softening as tenants gain leverage.

• Distance from CBD may limit long-term capital growth potential

• Frankland River (WA): $342,634 median, 2.4% yield, 9.3% 1yr growth
• Wagin (WA): $379,354 median, 4.6% yield, -3.5% 1yr growth
• Useless Loop (WA): $322,000 median, 3.5% yield, 0.0% 1yr growth

Lake King carries elevated risk that outweighs potential returns at current levels. A stable market combined with moderate vacancy risk warrants caution. Avoid new acquisitions unless significant discount to median pricing is achievable. Re-evaluate if vacancy falls below 2.5% or annual price growth exceeds 3%.

• Entry range: $290,700 – $355,300
• Minimum gross yield to target: 4.5%
• Watch signal: vacancy dropping below 2% and days on market falling below 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.