If you compare the increase in value of investment property in Kings Meadows, 7249 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 4.26%.
The five-year average increase in median property values for Kings Meadows,7249 has given property investors a potential capital gain of 0.00% across each of those five years.
Vendor discounting in Kings Meadows is giving property investors an average Vendor Discount of around -6.80%. This puts suburb at number 71th in TAS when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $3696 per annum or $308 every week.
Over the last year, property investments in Kings Meadows, 7249 have given investors a capital gain of -6.08%. This compares very badly with the 3.60% for TAS as a whole.
Across a shorter period, Kings Meadows, 7249 has seen a median price increase of 3.60% over the last quarter.
Our latest figures would indicate that property sellers in Kings Meadows are currently offering property investors an average price cut of -7.32% below the asking price at the moment.
Residents and property investors in Kings Meadows have been waiting around 138.76 days to sell a property.
With the median price for a house in Kings Meadows being $208500 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 5.74%
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.