Investment property in Kings Meadows has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.96%
The five-year average increase in median property values for Kings Meadows,7249 has given property investors a potential capital gain of -1.60% across each of those five years.
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 -7.69% is being offered, which puts this TAS suburb at 935th most discounted overall in Australia.
Situated 155.95km from the CBD, Kings Meadows is one of Launceston localities in the postcode 7249.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kings Meadows has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Kings Meadows is offering property investors an average of -5.48. This rate of discount on properties puts Suburb at number 11th in terms of most discounted suburbs in TAS
Property investors should expect to get $232 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.