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Kings Meadows
AREA REPORTS

Kings Meadows

Kings Meadows - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7249

house
unit

Property investors enjoyed capital gains of 10.64% over the last 12 months in KINGS MEADOWS, translating to lower returns compared with its peers in TAS.

Figures from the previous quarter show that capital gains for real estate buyers in KINGS MEADOWS are low, as opposed to average gains per annum over the past five years.

The suburb posted a 26.55% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.

On average, rents on listings have reached the $380 mark, reflecting a 5.1% increase in returns based on the current median price in KINGS MEADOWS.

KINGS MEADOWS, 7249 ranks 129th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 37th on the list of best yielding suburbs for rental properties in TAS, posting a 5.1% return.

Data report can be found below

Kings Meadows
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $387,250 $326,000
GROWTH REPORT
Median Quarterly 2.92% 8.67%
Median 12 month 10.64% 19.09%
Median 3 years 26.55% -6.86%
Median 5 years 58.06% 68.04%
10 years average annual 5.24% 8.62%
Weekly media advert. rent $380 $330
Time on Market 34.2 days 0.0 days
Gross Rental Yield Percent 5.1% 5.26%
demographics (median values)*
Total Population
12774
Weekly Household Income
1086
Household Size
2.20
Age
39
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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