At number 3496th in the list of Australian suburbs ordered by increase in median house value over the last year, Kings Meadows, 7249 is in the BOTTOM 20% with a property value increase of -5.20% recorded in median house prices.
While Kings Meadows,7249 ranked number 48th in TAS for increase in median house value (annualised) increase, it is ranked 94th over the last 5 years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.05% offered to property buyers. Sellers in Kings Meadows itself are offering an average vendor discount of -8.05% to real estate investors.
On average over the past year, suburb has had 6.92 sales per month, which equates to 83 per year.
With the median price for a house in Kings Meadows being $237000 and the advertised rent reaching $285 the gross rental yield for property investors calculates out to be 6.25%
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
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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.