Kings Meadows

POSTAL CODE: TAS, 7249
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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.

This number can mean, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

On average, rents on listings have reached the $500 mark, reflecting a 4.72% increase in returns based on the current median price in KINGS MEADOWS.

KINGS MEADOWS, 7249 ranks 124th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 34th on the list of best yielding suburbs for rental properties in TAS, posting a 4.72% return.

Surburb overview

Kings Meadows, with the postcode 7249, is a bustling suburb located approximately five kilometres south of Launceston’s central business district in Tasmania. Known for its convenient location, diverse amenities, and strong community spirit, Kings Meadows offers a vibrant lifestyle with easy access to both urban conveniences and natural attractions. The population of Kings Meadows is around 4,000 residents, comprising a mix of families, professionals, and retirees who appreciate the suburb’s suburban charm and dynamic community.

Kings Meadows falls under the jurisdiction of the City of Launceston, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, providing regular services to Launceston’s CBD and surrounding suburbs, making commuting convenient for residents. The suburb is also easily accessible by car via major routes, including Hobart Road and the Midland Highway.

Educational facilities in Kings Meadows include Kings Meadows High School and various primary schools such as Youngtown Primary School, catering to the educational needs of families with children from primary through to secondary levels. For higher education, residents have access to institutions in Launceston, such as the University of Tasmania’s Newnham Campus and various vocational training centres.

Kings Meadows offers a range of shopping and essential services, with the Kings Meadows shopping centre serving as a focal point for retail and community services. The shopping centre features a variety of retail stores, supermarkets, cafes, and dining options, providing residents with convenient access to everyday needs. Additionally, the nearby Launceston CBD offers more extensive shopping, dining, and entertainment facilities.

Recreational activities in Kings Meadows are abundant, with several parks and green spaces enhancing the suburb’s appeal. The Meadow Mews Plaza and Kings Meadows sports centre are popular local spots offering facilities for sports and community events. The Punchbowl Reserve, located nearby, provides a beautiful setting for outdoor activities such as walking, picnicking, and enjoying the natural surroundings.

The suburb’s location allows for easy access to Launceston’s cultural and recreational attractions, including the Cataract Gorge Reserve, the Launceston Leisure & Aquatic Centre, and the Queen Victoria Museum and Art Gallery. These venues offer a range of cultural experiences, from art exhibitions to live performances and community events, contributing to the vibrant community life. Kings Meadows also benefits from its proximity to the Launceston General Hospital and various healthcare facilities, ensuring residents have access to comprehensive medical services.

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