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AREA REPORTS

Kings Meadows

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 5.97% 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 33.96% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.

On average, rents on listings have reached the $360 mark, reflecting a 5.27% increase in returns based on the current median price in KINGS MEADOWS.

KINGS MEADOWS, 7249 ranks 118th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 36th on the list of best yielding suburbs for rental properties in TAS, posting a 5.27% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $355,000 $299,500
GROWTH REPORT
Median Quarterly -1.46% 2.04%
Median 12 month 5.97% -0.99%
Median 3 years 33.96% 10.93%
Median 5 years 51.06% 14.75%
10 years average annual 3.9% 5.85%
Weekly media advert. rent $360 $272.5
Time on Market 31.1 days 0.0 days
Gross Rental Yield Percent 5.27% 4.73%
demographics (median values)
Total Population
3429
Weekly Household Income
672.4
Household Size
2.20
demographics
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