Kings Meadows is a smaller suburb in Tasmania within the Launceston local government area (postcode 7249). With a population of 4,359, the suburb has an established demographic with a median age of 38. Households earn a median income of $68K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Kings Meadows is $500,000, having declined 4.9% over the past year. Units have a median price of $875,000 (+94.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,365.
Kings Meadows is served by 1 school, including 1 secondary. The average ICSEA score is 963, which is around the national average of 1,000. Public transport access includes 29 bus stops.
From an investment perspective, Kings Meadows offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($500K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 7.4x is considered moderate. House prices have moved -4.9% year-on-year.
Kings Meadows is a smaller suburb in Tasmania within the Launceston local government area (postcode 7249). With a population of 4,359, the suburb has an established demographic with a median age of 38. Households earn a median income of $68K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Kings Meadows is $500,000, having declined 4.9% over the past year. Units have a median price of $875,000 (+94.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,365.
Kings Meadows is served by 1 school, including 1 secondary. The average ICSEA score is 963, which is around the national average of 1,000. Public transport access includes 29 bus stops.
From an investment perspective, Kings Meadows offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($500K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 7.4x is considered moderate. House prices have moved -4.9% year-on-year.