Suburb Profile Report for Underwood QLD (4119)

Underwood House: Median price $525,000, Annual capital growth 4.35%, Number of sales 91, Weekly median advertised rent $410

Underwood Unit: Median price $324,000, Annual capital growth 4.82%, Number of sales 29, Weekly median advertised rent $351

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Underwood, 4119 have given investors a capital gain of 5.00%. This compares favourably with the 2.06% for QLD as a whole.

Underwood,4119 has offered an average of 5.00% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Underwood should be aiming for at least -5.78% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $4920 per annum or $410 every week.

Over the last year, property investments in Underwood, 4119 have given investors a capital gain of -11.96%. This compares very badly with the 0.98% for QLD as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Underwood has fallen somewhat when compared to the 5 year average annual rate.

Property investors looking for a bargain in Underwood should be aiming for at least -8.39% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Underwood the average time real estate has been on the market is 108.62 days.

A $351 per week rent on the median house gives suburb investors a gross yield of circa 5.63%, without taking into account capital value appreciation, which has been averaging out at 4.82%.

YIP MAG Information supplied by:

YIP MAG
August 2015

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Located 18km south-east of the Brisbane CBD, Underwood has come a long way over the yearsFull summary Located 18km south-east of the Brisbane CBD, Underwood has come a long way over the years.

Having once been more of a working class area, it is now a popular area with families which has contributed to keeping the vacancy rate to a low 1.14%.

This is especially helped by the presence of Underwood Marketplace which is situated on the corner of Logan and Beenleigh Rd.

It contains Big W, Woolworths and over 50 specialty stores.

There are also a great range of schools, childcare centres, medical facilities, international restaurants and cafes.

Properties around Brookvale Dr and Mowie Cl are in tranquil cul-de-sacs close to convenience shops and parks.

They are also within 15 minutes of the Brisbane CBD and are only a short drive from the Pacific and Gateway Motorways.

Four-bedroom houses in this area can be picked up for less than $500,000.Close
Metrics i HOUSE UNIT
$525,000 $324,000
2.94% -2.56%
5.00% -11.96%
4.35% 4.82%
$410 $351
91 29
4.06% 5.63%
51.58 108.62

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 5327
Median household income ($/weekly) 1520
Median age of persons 32
Median housing loan repayment ($/monthly) 2000
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 750 14.1
    25-34 years 955 17.9
    35-44 years 843 15.8
    45-54 years 651 12.2
    55-64 years 564 10.6
    Others 1564 29.4
    Age Group
    Census Count Percent(%)
    Registered Married 2059 54.0
    Not Married 1388 36.4
    Defacto Relationship 369 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3177 62.5
    Croatia 120 2.4
    Papua New Guinea 332 6.5
    United Kingdom 142 2.8
    Other 453 8.9
    Others 857 16.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 161 3.3
    Christianity 2994 61.2
    Hinduism 112 2.3
    Islam 464 9.5
    No Religion 1101 22.5
    Others 59 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 150 9.5
    $1,250-$1,499 160 10.1
    $1,500-$1,999 233 14.7
    $2,000-$2,499 231 14.6
    $2,500-$2,999 140 8.8
    Others 668 42.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1812 46.0
    Not in the labour force 1048 26.6
    Employed, worked part-time 732 18.6
    Employed, away from work 182 4.6
    Unemployed, looking for work 166 4.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 309 11.3
    Professionals 517 18.9
    Technicians & trades workers 396 14.5
    Clerical & administrative workers 520 19.1
    Sales 268 9.8
    Others 719 26.3
    Occupation
    Census Count Percent(%)
    Pre-school 82 6.2
    Infants/Primary 523 39.4
    Secondary 315 23.7
    Technical or Further Educational Institution 124 9.3
    University or other Tertiary Institutions 250 18.8
    Others 33 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4640 91.8
    Semi-detached, row or terrace house, townhouse 341 6.7
    Flat, unit or apartment 71 1.4
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 853 49.5
    Rented 488 28.3
    Fully owned 377 21.9
    Other tenure type 4 0.2
    Tenure Type
Census 2011, ABS
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