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Kings Meadows, TAS 7249

Home » TAS Real Estate Data » Launceston City Council, TAS » Kings Meadows, TAS 7249

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Kings Meadows, TAS 7249 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Kings Meadows, TAS 7249”

  1. The total adult population (15 years or older) of Kings Meadows 7249 TAS is 3,556, with a median age of 38. Of those, 40.33% are married, 13.75% are divorced or separated, 37.57% are single and 8.27% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,892. The median monthly mortgage repayment for households in this suburb is $1,365 which is 19.81% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of Tasmania, the notable suburb of Kings Meadows 7249 is a well-rounded region with an estimated 2419 households. As the property market enters into the third quarter of 2023, average house prices in Kings Meadows are pegged at sizable $576,403. Alongside this, median weekly rent stands at $487, reflecting an appealing indicative yield of roughly 4.39%.

    Economically, Kings Meadows scores a respectable 933 out of 1217 on the IRSAD scale, suggesting a substantial access to economic resources within its locale. In terms of property ownership, the suburb presents a renter to owner ratio of 33%, slightly surpassing the desired threshold making it key for investors to conduct careful market evaluation in this aspect.

    The proportion of units to houses is quite favourable for investors, recorded at a mere 11%. This low ratio indicates a lower competition amongst landlords attracting longer tenancy periods, integral for a steady rental yield.

    When it comes to property affordability, the index reveals a duration of 33 years to fully own a property in Kings Meadows – a figure that investors need to consider whilst evaluating the long-term affordability prospects of the market.

    Jumping into the supply metrics, the stock on market percentage for houses is noted at a neutral 0.43%, revealing a balanced market scenario. The inventory level for houses, measured at a favourable 1.69 months, suggests a strong market absorption capacity for new properties.

    Furthermore, the building approvals ratio for houses is poised at a low supply favourable 0.96% that could stimulate investment interest. The average number of days houses stay ‘for sale’ or on the market is 42, signifying reasonable demand. For a comprehensive understanding of the demand scenario, the combined houses and units vacancy rate is a low 1.12% – an attractive prospect for property investors.

    Finally, the buy search index for houses in Kings Meadows scales at 5, upholding the suburban interest among potential buyers.

    Despite having few metrics hovering in the sub-optimal range, the majority presents a favourable situation. However, for a consolidated understanding of the Kings Meadows’ property market, considering the HtAG Analytics’ RCS feature, based on more than 80 metrics, would provide a more thematically dense analysis.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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