Kings Meadows, TAS 7249: Suburb Profile & Property Report

Market Report

House report
Unit Report

Kings Meadows has 80 houses available for sale. The median property price for a house is currently $512,000 with annual capital growth of -3.40% . There were 71 house sales in the past 12 months. On average, houses spend 32 days on market.

If you're thinking about buying an investment property in Kings Meadows, consider that rental yields for houses are currently 4.70% with an average median rent of $478 weekly. Houses have seen 2.40% growth in the past quarter, and -3.40% growth in the past 12 months.

The size of Kings Meadows is approximately 5 square kilometres. It has 8 parks covering nearly 20.2% of total area. The population of Kings Meadows in 2011 was 3,371 people. By 2016 the population was 3,684 showing a population growth of 9.3% in the area during that time. The predominant age group in Kings Meadows is 20-29 years.

Households in Kings Meadows are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kings Meadows work in a professional occupation. In 2011, 63.9% of the homes in Kings Meadows were owner-occupied compared with 64.6% in 2016.

Kings Meadows has 11 units available for sale. The median property price for a unit is currently $480,000 with annual capital growth of 15.66% . There were 15 unit sales in the past 12 months. On average, units spend 37 days on market.

If you're thinking about buying an investment property in Kings Meadows, consider that rental yields for units are currently 5.23% with an average median rent of $445 weekly. Units have seen 17.07% growth in the past quarter, and 15.66% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$512,000	$480,000
Quarterly growth	+2.40%	+17.07%
12-month growth	-3.40%	+15.66%
Average annual growth	+9.65%	+9.86%
Weekly median rent	$478	$445
Gross rental yield	4.70%	5.23%
Number of Sales (12m)	71	15
Avg. Days on Market (12m)	32	37

Jump to Market Trends

Key Demographics	2011	2016
Total population	3,371	3,684
Population change (5y)	-1.66%	+9.30%
Median household income (p/w)	$830	$1,032
Household income change (5y)	+21.52%	+24.34%
Median age of persons	40	41

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Kings Meadows is $512,000 for houses and $480,000 for units.

The Median Growth in Kings Meadows over the past 12 months is -3.40% for houses and 15.66% for units.

Over the past 12 months there were 71 houses sold and 15 units sold in Kings Meadows. On average, houses spent 32 days on market and units spent 37 days on market.

In the past 12 months up to July 2024 there were 71 houses sold and 15 units sold in Kings Meadows. On average, houses spent 32 days on market and units spent 37 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Kings Meadows is $478 for houses and $445 for units.

The Rental Yield in Kings Meadows is 4.70% for houses and 5.23% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Kings Meadows was 3,684 in 2016, a +9.30% change compared to 2011.

The predominant age group in Kings Meadows is 20-29 years.

The population of Kings Meadows was 3,684 in 2016, a +9.30% change compared to 2011.

The predominant age group in Kings Meadows is 20-29 years.

Most of the population in Kings Meadows were born in Australia.

Most of the population in Kings Meadows report their religion as No Religion.

Most of the population in Kings Meadows report their religion as Anglican.

Most of the population in Kings Meadows report their income range as between $15,000 and $33,000 .

The median household income in Kings Meadows was $1,032 in 2016, a +24.34% change compared to 2011.

Most of the population in Kings Meadows report their income range as between $15,000 and $31,000 .

The median household income in Kings Meadows was $830 in 2011, a +21.52% change compared to 2006.

Most of the population in Kings Meadows work as Professional.

Most of the population in Kings Meadows work as Trades.

The chart below demonstrates the various levels of education in Kings Meadows.

Most of the population in Kings Meadows reached a qualification level of Certificate.

2011 2016

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