Property investors enjoyed capital gains of 15.31% 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 20.21% 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 $300 based on current median home prices for the suburb.
On average, rents on listings have reached the $300 mark, reflecting a 5.52% increase in returns based on the current median price in KINGS MEADOWS.
KINGS MEADOWS, 7249 ranks 53rd in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 53rd on the list of best yielding suburbs for rental properties in TAS, posting a 5.52% return.
Homeowners and real estate investors betting on KINGS MEADOWS, 7249 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 27.1%.
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 $265,000.
Profits due to an upward trend in home prices in KINGS MEADOWS, 7249 averaged 5.41% 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 5.3%.
An average of 1.42 real estate transactions take place per month in KINGS MEADOWS which translates to 17 per annum.
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