Giving property investors a a solid capital gain of 11.48% for the last year, Kings Meadows, 7249 is the 463th highest performer in Australia in this respect.
The five-year average increase in median property values for Kings Meadows,7249 has given property investors a potential capital gain of 44.68% across each of those five years.
The most recent median price for Kings Meadows is $340000, with sellers offering an average of -5.87% off the asking price.
Giving property investors a a stable capital gain of 7.14% for the last year, Kings Meadows, 7249 is the 368th highest performer in Australia in this respect.
Kings Meadows,7249 has offered an average of 7.14% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.47% offered to property buyers. Sellers in Kings Meadows itself are offering an average vendor discount of -8.22% to real estate investors.
Kings Meadows, 7249’s gross rental yield is 3.99%
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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.