Property value increases in Kings Meadows have tracked just higher than the TAS average of 3.08% over the last 12 months.
Kings Meadows,7249 has offered an average of 5.81% return per annum in house price rises to property investors over the last three 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 -7.80% is being offered, which puts this TAS suburb at 871th most discounted overall in Australia.
Often selling an investment property can take time, and in Kings Meadows the average time real estate has been on the market is 89.3 days.
Renters in Suburb are facing rents around $3480 per annum or $290 every week.
TAS has seen average median house prices change by 1.72% which means that Kings Meadows, 7249 has done well for property investors by showing a capital gain of -5.29% over the last year
Across a shorter period, Kings Meadows, 7249 has seen a median price increase of 10.27% over the last quarter.
Situated 157.83km from the CBD, Kings Meadows is one of Launceston localities in the postcode 7249.
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.