If you compare the increase in value of investment property in Kings Meadows, 7249 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 9.47%.
If we look at median property appreciation over just the last three months, Kings Meadows has given property investors a paper return of 5.26%. This puts Suburb as 32 on a list of fastest fasting appreciating suburbs in TAS
At number 81th of TAS’s most discounted properties, Kings Meadows is in the middle of the state/territory when listing in order of most discounted to least.
At number 1454 in a list of fastest selling suburbs, Kings Meadows is in the TOP 40% of suburbs in Australia with an average of days on market 66.41 for properties listed there.
Kings Meadows is 21th on a list of best yielding suburbs for rents in TAS with a 6.40% return
Giving property investors a a poor capital gain of -14.41% for the last year, Kings Meadows, 7249 is the 1616th highest performer in Australia in this respect.
A -18.28% growth in median value for property investors in Kings Meadows,7249 puts this suburb at number 47th in terms of best performing suburbs in TAS
Kings Meadows, 7249 is offering TAS ‘s 7th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this TAS.
Property investors should expect to get $225 weekly from the median priced house in this suburb.
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.