Kings Meadows has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 7.29% to date .
While Kings Meadows,7249 ranked number 117th in TAS for increase in median house value (annualised) increase, it is ranked 91th over the last 5 years.
Property buyers and investors in Kings Meadows 7249 should be seeing an average reduction in asking price of around -5.09% . This means that Kings Meadows is holding prices well when compared to other suburbs in TAS.
Situated 151.41km from the CBD, Kings Meadows is one of Launceston localities in the postcode 7249.
TAS has seen average median house prices change by 8.89% which means that Kings Meadows, 7249 has done well for property investors by showing a capital gain of 23.98% over the last year
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.81% offered to property buyers. Sellers in Kings Meadows itself are offering an average vendor discount of -7.57% to real estate investors.
In the last year 18 properties changed hands in Kings Meadows, which puts it as the 43th most active market in TAS when comparing the number of sales per 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.