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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
Kings Meadows - Punchbowl's population was around 5,073 as of Aug 2025. This showed an increase of 132 people since the 2021 Census, which reported a population of 4,941 people. The change was inferred from ABS data showing an estimated resident population of 5,037 in June 2024 and an additional 95 validated new addresses since the Census date. This resulted in a density ratio of 880 persons per square kilometer. Over the past decade, Kings Meadows - Punchbowl had a compound annual growth rate of 1.9%, outpacing its SA3 area. Overseas migration contributed approximately 95.5% of overall population gains during recent periods.
AreaSearch adopted ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022. For areas not covered, Tasmania State Government's Regional/LGA projections released in 2022 with a base year of 2021 were used, adjusted employing a method of weighted aggregation of population growth from LGA to SA2 levels. Population projections showed an increase just below the median of non-metropolitan areas nationally, expecting the area to expand by 393 persons to 2041 based on latest numbers, with a total increase of 7.0% over 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 recorded approximately 25 residential properties granted approval annually. Development approval data is produced by the ABS on a financial year basis, with 126 homes approved over the past five financial years between FY-21 and FY-25, and six so far in FY-26. On average, around two people have moved to the area for each dwelling built over these five years. However, recent data shows this has moderated to -0.8 people per dwelling over the past two financial years. New properties are constructed at an average cost of $405,000.
This year, $5.5 million in commercial development approvals have been recorded, indicating limited commercial development focus compared to residential. Compared to the rest of Tasmania, Kings Meadows - Punchbowl has seen slightly more development, with 16.0% above the regional average per person over the five-year period. Building activity consists entirely of detached dwellings, maintaining the area's traditional low density character and appealing to those seeking family homes.
The current count of people in the area per dwelling approval is estimated at 351. Population forecasts indicate Kings Meadows - Punchbowl will gain 353 residents by 2041. Based on current development patterns, new housing supply should readily meet demand, offering good conditions for buyers and potentially facilitating population growth beyond current projections.
Frequently Asked Questions - Development
Infrastructure
Kings Meadows - Punchbowl has limited levels of nearby infrastructure activity, ranking in the 8thth percentile nationally
Changes to local infrastructure significantly influence an area's performance. AreaSearch identified 14 projects likely impacting the area. Key projects include Kings Meadows Land Release, Kings Meadows Land Release, Kings Meadows Community Health Centre Redevelopment, and Baxter's IGA Kings Meadows. The following list details those most relevant.
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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.
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.
Kings Meadows Land Release
A new residential subdivision on a 10.46 hectare site delivering 104 new lots, with approximately 85% initially available for affordable home purchase under the MyHome shared equity program. The site was rezoned for residential development under a Housing Land Supply Order effective September 11, 2024. Development application scheduled for submission to Launceston City Council in February 2025, with land parcels expected to be ready for sale in late 2026 subject to Council approval.
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. This rate is 0.3% lower than the Rest of Tas.'s rate of 3.9%.
The workforce participation in Kings Meadows - Punchbowl is 61.6%, which is higher than the Rest of Tas.'s 55.7%. As of June 2025, 2,561 residents are employed, with concentrations in health care & social assistance, retail trade, and construction. The area has a strong specialization in health care & social assistance, employing 1.3 times 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 high level of employment opportunities locally. Between June 2024 and June 2025, the labour force decreased by 1.5%, while employment declined by 1.8%, resulting in an unemployment rate rise of 0.3 percentage points. State-level data to Sep-25 shows TAS employment grew by 0.77% year-on-year, with a state unemployment rate of 4.3%. National employment forecasts from May 2025 estimate growth of approximately 6.7% over five years and 14.1% over ten years for Kings Meadows - Punchbowl, based on its current employment mix.
Frequently Asked Questions - Employment
Income
Income levels sit below national averages according to AreaSearch assessment
Kings Meadows - Punchbowl's median income in financial year 2022 was $51,423. The average income stood at $59,528 during the same period. Comparing these figures to Rest of Tas., Kings Meadows - Punchbowl had higher incomes by approximately $4,065 for median and $2,144 for average. Based on Wage Price Index growth of 11.94% from financial year 2022 to March 2025, estimated current incomes would be around $57,563 (median) and $66,636 (average). According to the 2021 Census, household, family and personal incomes in Kings Meadows - Punchbowl ranked modestly between the 20th and 32nd percentiles. The income bracket of $1,500 - 2,999 dominated with 30.1% of residents (1,526 people), similar to the surrounding region where 28.5% resided in this bracket. Housing affordability pressures were severe, as only 83.6% of income remained 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
Kings Meadows - Punchbowl's dwelling structure, as per the latest Census, consists of 84.0% houses and 16.0% other dwellings (including semi-detached, apartments, 'other' dwellings). In comparison, Non-Metro Tas. has 82.1% houses and 17.9% other dwellings. Home ownership in Kings Meadows - Punchbowl stands at 29.9%, with mortgaged dwellings at 35.0% and rented ones at 35.0%. The median monthly mortgage repayment is $1,300, aligning with Non-Metro Tas.'s average, while the median weekly rent figure is $306, compared to Non-Metro Tas.'s $280. Nationally, Kings Meadows - Punchbowl's mortgage repayments are lower at $1,300 against Australia's average of $1,863, and rents are 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, aligning with the Rest of Tas. average.
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
Educational qualifications in Kings Meadows - Punchbowl show 21.8% of residents aged 15+ have university degrees, compared to Australia's 30.4%. University graduates make up 15.3%, postgraduate holders are 4.8%, and graduate diplomas are held by 1.7%. Vocational credentials are prominent with 35.0% of residents aged 15+, including advanced diplomas (8.9%) and certificates (26.1%). Current educational participation is high at 27.9%, including primary (10.4%), secondary (6.9%), and tertiary education (4.2%).
Kings Meadows High School serves the area, with 575 students enrolled as of a recent date. The region's school conditions are typical Australian standards (ICSEA: 954), offering balanced educational opportunities. Secondary schooling dominates with one school, while primary students often attend nearby schools. School places per 100 residents stand at 11.3, lower than the regional average of 18.4, indicating some students may attend adjacent areas' schools.
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 operational public transport stops. These are served by a variety of bus routes totalling 61 individual services. Together, these routes facilitate 6,544 weekly passenger trips.
The area's transport accessibility is deemed good, with residents situated an average of 211 metres from the nearest stop. On average, there are 934 daily trips across all routes, translating 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 exhibit high prevalence of common health conditions.
Approximately 50% (~2,511 people) of the total population has private health cover, 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. Conversely, 63.3% of residents report being completely free from medical ailments, slightly below the Rest of Tas average of 63.9%. The area has a higher proportion of seniors aged 65 and over at 19.1% (968 people), compared to the general population's health profile which shows similar challenges.
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, as per the census data of 6 September 2016, showed lower than average cultural diversity. The population was predominantly composed of citizens (88.7%), born in Australia (84.8%), and speaking English at home (90.4%). Christianity was the dominant religion, practiced by 40.3% of the population.
Notably, Judaism had a higher representation here compared to the rest of Tasmania, with 0.2% versus 0.1%. In terms of ancestry, the top three groups were those with English parents (33.6%), Australian parents (31.7%), and Irish parents (7.1%). Some other ethnic groups showed noticeable differences in representation: Dutch was slightly overrepresented at 1.8%, Australian Aboriginal at 2.4% compared to regional averages of 2.0% and 2.7% respectively, and Sri Lankan at 0.2%.
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 age of 38. Compared to Rest of Tas., the 25-34 age group is notably over-represented at 17.1% locally, while the 55-64 age group is under-represented at 9.2%. Between the 2021 Census and now, the 25 to 34 age group has increased from 16.1% to 17.1%, while the 55 to 64 cohort has decreased from 10.4% to 9.2%. By 2041, population forecasts indicate significant demographic changes in Kings Meadows - Punchbowl. The 45-54 age group is projected to expand by 193 people (31%), growing from 625 to 819. Meanwhile, the 65-74 and 5-14 age groups are expected to experience population declines.