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Kings Meadows suburb profile

Kings Meadows is a bustling suburb located in the southern part of Launceston, Tasmania, known for its convenient amenities and community-oriented atmosphere. It offers a mix of residential, commercial, and recreational facilities, making it a popular choice for families and professionals. The suburb features a major shopping centre, local schools, and parks, providing a balanced lifestyle for its residents. With its proximity to Launceston's city centre and access to public transport, Kings Meadows combines suburban comfort with urban accessibility. Its welcoming community and diverse amenities contribute to its appeal as a desirable place to live.

Kings Meadows property market performance

Property growth+11.4%Past 12 months

Kings Meadows has experienced a robust property market over the past 12 months, with house values increasing by 9.1% and unit values rising by 10.5%. The current median house price stands at $688,250, reflecting strong demand in the area. Sales activity has been active, with 28 houses and 7 units sold over the past year. Houses are selling relatively quickly, with a median of 21 days on the market, while units are taking slightly longer at 23 days.

The rental market in Kings Meadows has also seen notable changes, with house rents increasing by 10.4% to an average of $530, while unit rents have seen a modest rise of 1.6%, averaging $455. This indicates a strong demand for rental properties, particularly houses, in the suburb.

HousesUnits
Median price
Past 3 months
$688KN/A
Change in value
Past 12 months
12.3%10.5%
Sold
Past 3 months
255
Median days on market
Past 12 months
1532
Average rent
Past 12 months
$545$455
Change in rent
Past 12 months
13.5%1.1%

5 year median price trend for houses and units

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Kings Meadows demographics

Kings Meadows, located in the northern part of Tasmania, is a suburb that offers a blend of suburban comfort and accessibility to urban amenities. With a population of 4,359, it is a community that balances family life with the conveniences of city living. The median age of 38 suggests a mature population, with a mix of families and professionals who appreciate the suburb's relaxed yet connected lifestyle.

The suburb's housing landscape is quite balanced, with a significant portion of properties being owned outright (30.7%) or with a mortgage (34.8%). This indicates a stable community with a strong sense of home ownership. Additionally, 34.5% of the properties are rented, providing options for those seeking flexibility, such as young professionals or families in transition.

Family dynamics in Kings Meadows are diverse, with couple families with children making up 37.1% of the households, while couple families without children account for 39.5%. One-parent families also form a notable part of the community at 21.7%. This diversity in family structures contributes to a rich community fabric, supported by local amenities such as schools, parks, and shopping centers. The median total household income of $1,306 per week reflects a modest yet comfortable living standard, making Kings Meadows an attractive suburb for those seeking a balanced lifestyle in Tasmania.

Suburbs near Kings Meadows

Some popular suburbs near Kings Meadows include:

  • Punchbowl: Known for its serene residential atmosphere and lush parklands, Punchbowl is located directly north of Kings Meadows.
  • Youngtown: Featuring a mix of residential and commercial areas with a strong community feel, Youngtown lies to the south of Kings Meadows.
  • Norwood: Known for its family-friendly environment and proximity to schools, Norwood is situated to the northeast of Kings Meadows.
  • South Launceston: Offering a blend of historic charm and modern conveniences, South Launceston is located to the northwest of Kings Meadows.
  • Prospect: Known for its spacious homes and recreational facilities, Prospect is situated to the west of Kings Meadows.

How does Kings Meadows compare to nearby suburbs?

  • Median house prices: Kings Meadows’s median house price is 4.7% higher than South Launceston’s.
  • House price growth: Over the past 12 months, house prices in Kings Meadows have grown 6.1% higher than in Punchbowl.
  • Unit price growth: Property prices in nearby Youngtown have risen 20.1% more than in Kings Meadows over the past year.
  • Selling speed for houses: Properties in Kings Meadows are selling 6.3% faster than in Youngtown.
  • Selling speed for units: Properties in Kings Meadows are selling 17.9% faster than in South Launceston.

Choose the right real estate agents in Kings Meadows

In Kings Meadows ,55 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 38.8% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.38% and 3.25%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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