Kings Meadows is an average performer in TAS when comparing median price capital growth over the last year. Kings Meadows gave property investors a good capital gain figure when compared to the rest of the state, with 15.09%.
The five-year average increase in median property values for Kings Meadows,7249 has given property investors a potential capital gain of 19.61% across each of those five years.
Property buyers and investors in Kings Meadows 7249 should be seeing an average reduction in asking price of around -2.82% . This means that Kings Meadows is holding prices well when compared to other suburbs in TAS.
Often selling an investment property can take time, and in Kings Meadows the average time real estate has been on the market is 31.5 days.
Property investors should expect to get $330 weekly from the median priced house in this suburb.
Giving property investors a a solid capital gain of 29.63% for the last year, Kings Meadows, 7249 is the 23th highest performer in Australia in this respect.
A 45.83% growth in median value for property investors in Kings Meadows,7249 puts this suburb at number 55th in terms of best performing suburbs in TAS
The most recent median price for Kings Meadows is $350000, with sellers offering an average of -4.14% off the asking price.
On average over the past year, suburb has had 1.50 sales per month, which equates to 18 per year.
A $285 per week rent on the median house gives suburb investors a gross yield of circa 4.23%, without taking into account capital value appreciation, which has been averaging out at 8.58%.
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
Information supplied by:
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.