Kings Meadows
Median house prices in Kings Meadows reached $684,750 in 2026, a 24.4% jump from $552,000 in 2025, placing it at the current peak in its own 30-year price history. Despite that run-up, household income sits at the 31.2nd percentile nationally, producing a genuine affordability tension because earnings have not kept pace with values. Healthcare dominates the local economy at 25.2% of employed residents, more than double the next sector. The suburb skews Anglo-Celtic, with 84% detached houses on a compact 4.88 km2 footprint, and draws modest overseas migration of 20 arrivals a year that sustains slow but positive population growth.
Population
4,359
Median Age
38.0
Household IncomeiMedian weekly household income (ABS Census)
$1,306/wk
DAs (12 months)iDevelopment Applications lodged in the past year
0
Median House
$685K
YTD 2026
The $684,750 median (YTD 2026) represents a striking 24.4% rise from $552,000 in 2025 and a 21.7% gain over two years from the 2024 level of $562,500. Over 30 years the suburb has compounded at 7.7% per year from $74,000 in 1996, an 825% total gain. Monthly mortgage repayments average $1,365, producing a mortgage-to-income ratio of 24.1% against the local household income, which stays below the 30% stress threshold. Separate houses make up 84% of stock with apartments at 10.5%, so detached dwellings dominate choices. Three-bedroom homes are the most common at 48.1%, with four-plus at 22.1%. Purchasers at current prices are buying at the all-time peak, so the entry point is higher than at any prior point in the suburb's history.
For Buyers
The $684,750 median (YTD 2026) represents a striking 24.4% rise from $552,000 in 2025 and a 21.7% gain over two years from the 2024 level of $562,500. Over 30 years the suburb has compounded at 7.7% per year from $74,000 in 1996, an 825% total gain. Monthly mortgage repayments average $1,365, producing a mortgage-to-income ratio of 24.1% against the local household income, which stays below the 30% stress threshold. Separate houses make up 84% of stock with apartments at 10.5%, so detached dwellings dominate choices. Three-bedroom homes are the most common at 48.1%, with four-plus at 22.1%. Purchasers at current prices are buying at the all-time peak, so the entry point is higher than at any prior point in the suburb's history.
For Investors
Kings Meadows has a 34.5% renter share, roughly in line with national averages, and weekly rent of $312. Against the $684,750 median, that implies a gross yield of around 2.4%, lower than many regional Tasmanian markets. The 6.2% vacancy rate is elevated and signals some softness in tenant demand relative to supply, which warrants caution on short-term yield assumptions. Net overseas migration adds 20 residents per year while internal migration removes 31, so the population driver is mildly negative on net domestic movement. The 10-year population gain of 26.2% shows the suburb has grown meaningfully, and medium forecasts project continued growth to around 5,503 by 2031. Rent grew 39.1% over the study period, outpacing income growth of 29%, which supports future rent escalation.
Schools in Kings Meadows iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Kings Meadows High School
7-12 · 567 students
Demographics
The median age of 38 is 2.0 years below the national figure, giving Kings Meadows a slightly younger profile than average. University-educated residents reach 31.8%, sitting 1.7 points above the national rate, a modest but positive credential gap. Overseas-born residents are at 15.2%, which is 6.4 points below national, consistent with the Anglo-Celtic ancestry pattern: English (1,967), Irish (423) and Scottish (383) dominate. The working-age share grew 2.3 points over the decade while the senior share fell 1.6 points, a demographic trajectory that differs from many aging Tasmanian suburbs. Average household size is 2.3, marginally below the national 2.5. Couples with children (1,320 families) outnumber couples without children (911), pointing to a family-oriented composition.
Age Distribution
Bedrooms
Dwelling Structure
84.0%
Houses
5.3%
Townhouse
10.5%
Apartment
Tenure
Tenure divides roughly into thirds: 30.7% own outright, 34.8% carry mortgages, and 34.5% rent. The near-equal split between owners and renters reflects a mixed market rather than a predominantly owner-occupied enclave. Separate houses dominate at 84%, with apartments at 10.5% and semi-detached dwellings at 5.3%. Three-bedroom homes account for 48.1%, four-plus bedrooms for 22.1%, and two-bedroom for 25.5%, indicating a family-scale stock. Price history shows consistent long-run appreciation: from $74,000 in 1996 to $684,750 in 2026, a CAGR of 7.7% over 30 years. Rent-to-income sits at 23.9%, below the 30% stress threshold, so tenants here are not under severe rental pressure compared to many Australian markets.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,365
Rent / wk
$312
HH Size
2.3
Personal Income / wk
$729
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
6.2%
Unoccupied
118
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
23.9%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
24.1%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
28.0%
Couples, no children
3,258
Total families
Economy & Employment
Healthcare is the defining industry at 25.2% of employed residents (348 workers), more than twice the share of any other sector, which signals strong proximity to Launceston's health services cluster. Education follows at 11.1% (153 workers) and Construction at 10.2% (140), while Retail (6.9%) and Other Services (6.3%) round out the top five. By occupation, Professionals lead with 398 workers, ahead of Community and Personal service roles (296) and Clerical and Admin (239). The unemployment rate is 5.9%, somewhat above the national average, and the participation rate of 58.2% is moderate. The SEIFA IRSD decile of 3 and IRSAD decile of 3 place Kings Meadows in the lower quartile of relative advantage nationally, reflecting the household income at the 31.2nd percentile.
Unemployment
3.7%
Labour Force
2,610
Unemployed
97
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
61.9%
Part-time
32.2%
Participation
58.2%
Employed
1,947
Occupations
Top Industries
University
31.8%
Postgraduate
7.7%
Born Overseas
15.2%
Dwellings
1,771
Transport to Work
Kings Meadows is a car-dependent suburb, with 87.2% of residents commuting by car, well above the national average, and only 1.7% using public transport, lower than comparable urban suburbs across Australia. Walking and cycling account for 4.0% of commutes, modest but present. The IRSAD decile of 3 places the suburb in the lower advantage tier nationally, and the IEO decile of 4 indicates below-average educational and occupational outcomes relative to all Australian suburbs. The need-assistance rate of 9.4% (397 residents) is a measurable indicator of vulnerability in the community. Volunteering at 15.1% shows reasonable civic participation. No schools are recorded in the dataset for Kings Meadows, meaning families typically access education in neighbouring Launceston suburbs. Mortgage and rental stress are both below 30%, so housing cost pressures are manageable for most households.
Drive
87.2%
Public Transport
1.7%
Walk / Cycle
4.0%
Work from Home
N/A
Population Forecast
+1.32%/yr
(+66 people/yr)
EstablishedKings Meadows is growing steadily at 1.32% per year (66 persons annually), with the 10-year population change at 26.2%, well above many comparable Tasmanian suburbs. Medium forecasts project the population reaching 5,503 by 2031 from 4,994 in 2025. The primary migration driver is overseas arrivals (20 net per year), which offsets negative internal migration of 31. The gentrification stage reads Early Signs with a score of 23, supported by population growth of 23% since 2011 and an acceleration in the university-educated share from 6% to 16%. Affordability improved from 48.6% in 2011 to 42.6% in 2021, a positive trend. Rent grew 39.1% over the period, above the real income growth of 29%, indicating housing costs have tightened faster than wages.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+20
Net Internal / yr
-31
Gentrification Signal
Early signs
Population +23% since 2011, Accelerating: 6% → 16%
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Kings Meadows compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Kings Meadows a good suburb to live in?
Kings Meadows suits families and healthcare workers well, with 84% detached houses, a median age of 38 (2 years below national), and proximity to Launceston's health sector. The IRSAD decile of 3 places it in the lower advantage tier nationally, and household income sits at the 31.2nd percentile, so it is a working-to-middle-income area rather than an affluent one.
What is the median house price in Kings Meadows?
The median house price is $684,750 (YTD 2026), up 24.4% from $552,000 in 2025. That is the all-time peak in the suburb's 30-year price history. Monthly mortgage repayments average $1,365 and the mortgage-to-income ratio sits at 24.1%, below the 30% stress threshold.
What schools are in Kings Meadows?
No schools are recorded inside the Kings Meadows boundary in this dataset, so families access education in neighbouring Launceston suburbs. Locally, 31.8% of residents hold university qualifications, 1.7 points above the national rate, and 11.1% of employed residents work in the Education sector.
Is Kings Meadows safe?
Detailed crime statistics are not available for Kings Meadows in this dataset. As proxy indicators, the suburb scores decile 3 on IRSD (relative disadvantage) and decile 3 on IRSAD nationally, placing it in the lower advantage tier. The need-assistance rate of 9.4% (397 people) reflects some vulnerability in the community.
Is Kings Meadows good for property investment?
The 34.5% renter share provides a tenant pool, and rent grew 39.1% over the study period, outpacing real income growth of 29%. However, a 6.2% vacancy rate is elevated and the gross yield is around 2.4% against the $684,750 median. The 30-year CAGR of 7.7% supports a capital-growth case, but entry is now at the all-time price peak.
How is Kings Meadows's population changing?
Annual growth is 1.32%, adding about 66 people per year, with the 10-year change at 26.2%. The primary driver is overseas migration at 20 net arrivals per year, partially offset by net internal outflow of 31. Medium forecasts project the population reaching 5,503 by 2031, up from 4,994 in 2025.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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