Suburb Profile Report for Kings Meadows TAS (7249)

Kings Meadows House: Median price $317,000, Annual capital growth 3.63%, Number of sales 96, Weekly median advertised rent $340

Kings Meadows Unit: Median price $280,000, Annual capital growth 6.02%, Number of sales 21, Weekly median advertised rent $273

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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Kings Meadows is an average performer in TAS when comparing median price capital growth over the last year. Kings Meadows gave property investors a average capital gain figure when compared to the rest of the state, with 5.67%.

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.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.70% offered to property buyers. Sellers in Kings Meadows itself are offering an average vendor discount of -3.94% to real estate investors.

At number 105 in a list of fastest selling suburbs, Kings Meadows is in the TOP 10% of suburbs in Australia with an average of days on market 40.3 for properties listed there.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 5.58%, without taking into account capital value appreciation, which has been averaging out at 3.63%.

Kings Meadows has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -22.22% to date .

While Kings Meadows,7249 ranked number 58th in TAS for increase in median house value (annualised) increase, it is ranked 43th over the last 5 years.

Using the current median advertised rental of $272.5 and the average annual increase in value of a median property of 6.02%, investors should hope to achieve an overall return of 5.06%

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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.


Metrics i HOUSE UNIT
$317,000 $280,000
3.93% -5.41%
5.67% -22.22%
3.63% 6.02%
$340 $273
96 21
5.58% 5.06%
40.3 106.0625

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Kings Meadows TAS
Total population 3371
Median household income ($/weekly) 791
Median age of persons 40
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 360 10.7
    25-34 years 455 13.5
    35-44 years 400 11.9
    45-54 years 410 12.2
    55-64 years 344 10.2
    Others 1402 41.6
    Age Group
    Census Count Percent(%)
    Not Married 1208 47.9
    Registered Married 1031 40.9
    Defacto Relationship 283 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2908 89.2
    Japan 21 0.6
    Papua New Guinea 21 0.6
    United Kingdom 123 3.8
    Other 58 1.8
    Others 129 4.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.6
    Christianity 2192 71.2
    Hinduism 15 0.5
    Islam 16 0.5
    No Religion 823 26.7
    Others 14 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 185 14.0
    $400-$599 228 17.3
    $600-$799 173 13.1
    $1,000-$1,249 125 9.5
    $1,500-$1,999 134 10.2
    Others 472 35.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1162 42.9
    Employed, worked full-time 863 31.9
    Employed, worked part-time 487 18.0
    Employed, away from work 104 3.8
    Unemployed, looking for work 92 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 238 16.4
    Technicians & trades workers 238 16.4
    Community & personal service workers 187 12.9
    Clerical & administrative workers 212 14.6
    Sales 152 10.5
    Others 426 29.3
    Census Count Percent(%)
    Infants/Primary 239 35.4
    Secondary 207 30.7
    Technical or Further Educational Institution 114 16.9
    University or other Tertiary Institutions 73 10.8
    Other type of educational institution 24 3.6
    Others 18 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2948 93.0
    Flat, unit or apartment 127 4.0
    Semi-detached, row or terrace house, townhouse 95 3.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 476 34.8
    Rented 434 31.7
    Being purchased 429 31.4
    Other tenure type 28 2.0
    Tenure Type
Census 2011, ABS
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