Giving property investors a an average capital gain of 5.38% for the last year, Kings Meadows, 7249 is the 1910th highest performer in Australia in this respect.
A 0.41% growth in median value for property investors in Kings Meadows,7249 puts this suburb at number 126th in terms of best performing suburbs in TAS
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kings Meadows, 7249. Typically our figures indicate that -7.56% is being offered, which puts this TAS suburb at 997th most discounted overall in Australia.
At number 2007 in a list of fastest selling suburbs, Kings Meadows is just in the bottom half of suburbs in Australia with an average of days on market 84.29 for properties listed there.
Property investors should expect to get $300 weekly from the median priced house in this suburb.
Kings Meadows,7249 was ranked 1339 in Australia by increase in median property value over the quarter.
On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.
Kings Meadows lies 4km south of the Launceston CBD, and combines affordability, amenities and proximity to the centre of Launceston. Access to the city centre is via the Midland Highway and the quieter Talbot Road, and regular buses service the suburb. Full summary
Information supplied by:
Kings Meadows lies 4km south of the Launceston CBD, and combines affordability, amenities and proximity to the centre of Launceston. Access to the city centre is via the Midland Highway and the quieter Talbot Road, and regular buses service the suburb.
The median house price is lower than northern neighbour South Launceston, and Norwood. It’s well-served for amenities: Kings Meadows is home to the largest shopping centre in Launceston, the Meadow Mews shopping centre, which features a Coles as well as various speciality stores.
The Kings Meadows high school is situated within the suburb, and there is a primary school in nearby Norwood. It’s a family suburb, with an even mix of white-collar and blue-collar workers. The weekly family income is above the Tasmanian average, however, and there is a healthy rental market (around one-third of properties are rented).
Like the rest of Tasmania, capital growth has slowed in recent times. However, older properties may present renovation opportunities, while homes on larger blocks could be subdivided and developed.