Property investors enjoyed capital gains of 19.4% 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 high, as opposed to average gains per annum over the past five years.
The suburb posted a 18.93% 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 $310 based on current median home prices for the suburb.
On average, rents on listings have reached the $310 mark, reflecting a 5.38% increase in returns based on the current median price in KINGS MEADOWS.
KINGS MEADOWS, 7249 ranks 36th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 63rd on the list of best yielding suburbs for rental properties in TAS, posting a 5.38% return.
Property investors have seen a 9.06% gain in KINGS MEADOWS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KINGS MEADOWS, 7249 saw average growth in the long term.
KINGS MEADOWS, 7249 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $319,000.
Profits due to an upward trend in home prices in KINGS MEADOWS, 7249 averaged 12.6% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $270 based on current median home prices for the suburb.
The gross rental yield in KINGS MEADOWS, 7249 is 4.4%.
An average of 2.17 real estate transactions take place per month in KINGS MEADOWS which translates to 26 per annum.
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