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Sales Activity
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Population
Population growth drivers in Kings Meadows - Punchbowl are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends
As of November 2025, Kings Meadows - Punchbowl's population is approximately 5,081, a rise from the 4,941 recorded in the 2021 Census. This increase of 140 people (2.8%) is inferred from ABS estimates and validated new addresses between June 2024 and the Census date. The population density is around 882 persons per square kilometer, comparable to averages across assessed locations by AreaSearch. Over the past decade, Kings Meadows - Punchbowl has shown resilient growth with a compound annual growth rate of 1.9%, surpassing its SA3 area's growth. Overseas migration contributed approximately 95.5% of recent population gains. AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022.
For areas not covered by this data and post-2032 growth by age group, Tasmania State Government's Regional/LGA projections from 2022 with a base year of 2021 are adopted with adjustments made using weighted aggregation methods. Future population projections indicate a median non-metropolitan area increase, with Kings Meadows - Punchbowl expected to expand by 393 persons to 2041, marking a 6.8% total increase over the 17 years.
Frequently Asked Questions - Population
Development
AreaSearch analysis of residential development drivers sees Kings Meadows - Punchbowl recording a relatively average level of approval activity when compared to local markets analysed countrywide
Kings Meadows - Punchbowl has approximately 25 residential properties granted approval annually. Over the past five financial years, from FY-21 to FY-25126 homes were approved, with a further 9 approved in FY-26. On average, about two people moved to the area each year for every dwelling built over these five years. However, this figure has moderated to -0.8 people per dwelling over the past two financial years.
The average construction value of new properties is $219,000, aligning with regional trends. This financial year has seen $5.5 million in commercial development approvals. Compared to the rest of Tasmania, Kings Meadows - Punchbowl has slightly more development activity, being 16.0% above the regional average per person over the five-year period.
This balance supports buyer choice while maintaining current property values. However, building activity has slowed in recent years, with all new developments consisting of detached dwellings. This maintains the area's traditional low-density character and caters to families seeking space. The estimated population count per dwelling approval is 351 people, reflecting the quiet development environment. Population forecasts indicate Kings Meadows - Punchbowl will gain 345 residents by 2041. Given current development patterns, new housing supply should meet demand, offering favourable conditions for buyers and potentially facilitating further population growth beyond projections.
Frequently Asked Questions - Development
Infrastructure
Kings Meadows - Punchbowl has limited levels of nearby infrastructure activity, ranking in the 8thth percentile nationally
The performance of a region can greatly be influenced by changes in local infrastructure, significant projects, and planning initiatives. A total of 13 projects have been identified by AreaSearch as potentially impacting this area. Notable projects include Kings Meadows Land Release, Kings Meadows Community Health Centre Redevelopment, Baxter's IGA Kings Meadows, and Kings Meadows Heavy Vehicle Driver Rest Area. The following list details those projects likely to be most relevant.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Northern Heart Centre
A new $120 million cardiac facility featuring a 24-bed cardiac inpatient unit with two cardiac catheterisation laboratories and dedicated diagnostic testing and monitoring facilities. The three-story building will be strategically positioned on the Frankland Street side of Launceston General Hospital, connected directly to the hospital with seamless access to the Intensive Care Unit, Emergency Department, and Medical Imaging. The Centre will consolidate cardiac care services in one convenient location, enhancing health outcomes for Northern Tasmanians. Development Application submitted May 2025, with construction tenders expected late 2025.
Launceston Hospice
A purpose-built 12-bed palliative care hospice facility located at the historic Allambi Building within the Launceston General Hospital precinct. The facility is designed to replicate a home-like environment, providing dignity, access and connectivity to established gardens and courtyards. It will operate 24 hours a day, seven days a week, offering inpatient and respite care services for community members with life-limiting conditions and their families and carers. Designed by Jaws Architects, the project represents the first dedicated public palliative care hospice in Northern Tasmania since the closure of Phillip Oakden House in 2007. Planning approval was granted by City of Launceston in May 2025, with construction tender advertised shortly after.
Launceston General Hospital Redevelopment
Multi-stage redevelopment of Launceston General Hospital (LGH) delivered over approximately 20 years. Key completed/ongoing works include a new multi-level car park (completed 2023), new helipad, expanded emergency department, new inpatient ward, and mental health precinct. Current Stage 4 (Acute Medical and Surgical Inpatient Wards Project) is under construction with practical completion expected mid-2027. Total project remains on track for completion by early 2040s.
Baxter's IGA Kings Meadows
New 979 square meter IGA supermarket development in Connector Park to serve local housing developments in Kings Meadows. The project includes 41 parking spaces and pedestrian access connecting to planned footpath and cycleway along the Kings Meadows Connector. The facility will employ approximately 70 staff and is expected to generate $9.6 million in annual retail spend, primarily serving nearby residential areas and the Connector Park industrial estate.
Kings Meadows IGA Supermarket
Proposed construction of a 979 m2 convenience supermarket (approx. 720 m2 sales floor) with on-site parking, landscaping, signage and pedestrian links at Connector Park. A site-specific qualification is sought to allow General Retail and Hire in the Light Industrial Zone at 10 Dolerite Drive. The application and scheme amendment are currently under assessment by the City of Launceston.
Peacehaven Aged Care Redevelopment
Redevelopment of the aged care facility (formerly Masonic Peace Memorial Haven) including the completed 16-bed Wellington Wing. The new wing was designed to modern standards with private ensuites, nurse call systems, natural lighting, hydronic in-slab heating, and a building management system. The overall redevelopment was planned in multiple stages, with this being the first major upgrade in some 20 years. The facility is operated by Respect Aged Care.
Kings Meadows Community Health Centre Redevelopment
A redevelopment of the Kings Meadows Community Health Centre to create a new, fit-for-purpose health facility. The project includes a new, larger Renal Health Unit, additional car parking, and safer access. Construction is expected to begin in late 2025 and be completed in late 2026.
Youngtown IGA Redevelopment
Redevelopment of the existing IGA supermarket including the addition of a Bottle-O liquor store franchise, updated facade and entryway, new electronic signage for displaying specials, and internal modifications to accommodate the new tenancy. The project includes improvements to the parking situation at the shopping centre to ensure adequate accessible parking spaces.
Employment
While Kings Meadows - Punchbowl retains a healthy unemployment rate of 3.6%, recent employment declines have impacted its national performance ranking
Kings Meadows - Punchbowl has a skilled workforce with an unemployment rate of 3.6% as of June 2025. In this month, 2,561 residents were employed while the unemployment rate was 0.3% lower than Rest of Tas.'s rate of 3.9%.
The area's workforce participation rate was 61.6%, exceeding Rest of Tas.'s rate of 55.7%. Employment is concentrated in health care & social assistance, retail trade, and construction. Health care & social assistance employs 1.3 times more residents than the regional level. In contrast, agriculture, forestry & fishing employs only 1.3% of local workers compared to Rest of Tas.'s 8.4%.
The worker-to-resident ratio is 0.7, indicating a higher-than-average employment opportunity level in the area. Between June 2024 and June 2025, the labour force decreased by 1.5% while employment declined by 1.8%, leading to an unemployment rate increase of 0.3 percentage points. National employment forecasts from Jobs and Skills Australia, released in May 2025, project a 6.6% growth over five years and 13.7% over ten years. Applying these projections to Kings Meadows - Punchbowl's employment mix suggests local growth of approximately 6.7% over five years and 14.1% over ten years.
Frequently Asked Questions - Employment
Income
Income levels sit below national averages according to AreaSearch assessment
Kings Meadows - Punchbowl's median income among taxpayers was $51,423 in financial year 2022. The average income stood at $59,528 during the same period. These figures are below those of Rest of Tas., which had a median income of $47,358 and an average income of $57,384. By September 2025, estimates suggest that Kings Meadows - Punchbowl's median income will be approximately $58,535 and the average income around $67,761, based on a Wage Price Index growth rate of 13.83%. According to the 2021 Census, household, family, and personal incomes in Kings Meadows - Punchbowl rank modestly, between the 20th and 32nd percentiles. The income bracket of $1,500 - 2,999 is dominant, with 30.1% of residents (1,529 people) falling within this range, similar to the surrounding region where 28.5% occupy this bracket. Housing affordability pressures are severe in Kings Meadows - Punchbowl, with only 83.6% of income remaining after housing costs, ranking at the 20th percentile.
Frequently Asked Questions - Income
Housing
Kings Meadows - Punchbowl is characterized by a predominantly suburban housing profile, with a higher proportion of rental properties than the broader region
The dwelling structure in Kings Meadows - Punchbowl, as per the latest Census, consisted of 84.0% houses and 16.0% other dwellings (including semi-detached homes, apartments, and 'other' dwellings). This compares to Non-Metro Tas., which had 82.1% houses and 17.9% other dwellings. Home ownership in Kings Meadows - Punchbowl stood at 29.9%, with the remaining dwellings either mortgaged (35.0%) or rented (35.0%). The median monthly mortgage repayment was $1,300, aligning with Non-Metro Tas.'s average, while the median weekly rent was $306, compared to Non-Metro Tas.'s $280. Nationally, Kings Meadows - Punchbowl's median monthly mortgage repayments were significantly lower than the Australian average of $1,863, and rents were substantially below the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Kings Meadows - Punchbowl features high concentrations of lone person households and group households, with a fairly typical median household size
Family households constitute 64.6% of all households, including 23.5% couples with children, 25.1% couples without children, and 14.5% single parent families. Non-family households comprise the remaining 35.4%, with lone person households at 31.8% and group households making up 3.8%. The median household size is 2.3 people, which matches the average for the Rest of Tas.
Frequently Asked Questions - Households
Local Schools & Education
Kings Meadows - Punchbowl faces educational challenges, with performance metrics placing it in the bottom quartile of areas assessed nationally
Kings Meadows - Punchbowl has 21.8% of residents aged 15+ holding university degrees, compared to Australia's 30.4%. Bachelor degrees are the most common at 15.3%, followed by postgraduate qualifications (4.8%) and graduate diplomas (1.7%). Vocational credentials are also prevalent, with 35.0% of residents aged 15+ holding such qualifications - advanced diplomas at 8.9% and certificates at 26.1%. Educational participation is high, with 27.9% of residents currently enrolled in formal education: 10.4% in primary, 6.9% in secondary, and 4.2% in tertiary education.
Kings Meadows High School serves the area, with an enrollment of 575 students as of a recent report. The school operates under typical Australian conditions (ICSEA: 954) offering balanced educational opportunities. Secondary education dominates with one school; primary students often attend schools in nearby catchments. There are 11.3 school places per 100 residents, below the regional average of 18.4, indicating some students may attend schools outside the area.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Kings Meadows - Punchbowl has 30 active public transport stops, all of which are bus stops. These stops are served by 61 different routes that together facilitate 6,544 weekly passenger trips. The area's transport accessibility is rated as good, with residents typically situated 211 meters from the nearest stop.
On average, there are 934 trips per day across all routes, which equates to approximately 218 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Health performance in Kings Meadows - Punchbowl is well below average with prevalence of common health conditions notable across both younger and older age cohorts
Kings Meadows - Punchbowl faces significant health challenges, as indicated by its health data. Both younger and older age groups have a high prevalence of common health conditions.
Approximately 50% (~2,515 people) of the total population has private health cover, which is lower than the national average of 55.3%. Mental health issues and arthritis are the most prevalent medical conditions in the area, affecting 10.7 and 9.7% of residents respectively. About 63.3% of residents claim to be free from medical ailments, compared to 63.9% in the rest of Tasmania. The area has a senior population (aged 65 and over) of 19.1%, comprising 970 people. Health outcomes among seniors present some challenges, broadly consistent with those of the general population.
Frequently Asked Questions - Health
Cultural Diversity
Kings Meadows - Punchbowl ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics
Kings Meadows-Punchbowl was found to be below average in cultural diversity, with 88.7% of its population being citizens, 84.8% born in Australia, and 90.4% speaking English only at home. The predominant religion is Christianity, comprising 40.3% of the population. However, Judaism is notably overrepresented, making up 0.2% compared to 0.1% across Rest of Tas., recorded in August 2016.
In terms of ancestry, the top three groups are English at 33.6%, Australian at 31.7%, and Irish at 7.1%. Notably, Dutch ethnicity is overrepresented at 1.8% compared to 2.0% regionally, while Australian Aboriginal is at 2.4% (vs 2.7%) and Sri Lankan at 0.2% (vs 0.1%), all recorded in the same period.
Frequently Asked Questions - Diversity
Age
Kings Meadows - Punchbowl's population is slightly younger than the national pattern
The median age in Kings Meadows - Punchbowl is 38 years, which is lower than Rest of Tas.'s average of 45 but equal to Australia's median of 38. The 25-34 age cohort is notably over-represented at 17.1% locally compared to the Rest of Tas. average, while the 55-64 year-olds are under-represented at 9.2%. In the period from the 2021 Census to present, the 25-34 age group has increased from 16.1% to 17.1%, and the 55-64 cohort has decreased from 10.4% to 9.2%. Population forecasts for 2041 indicate significant demographic changes in Kings Meadows - Punchbowl, with the 45-54 age group projected to expand by 192 people (31%) from 626 to 819. Meanwhile, the 65-74 and 5-14 age cohorts are expected to experience population declines.