Property investors who have had real estate in Underwood, 4119 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.10%
Across a shorter period, Underwood, 4119 has seen a median price increase of 2.20% over the last quarter.
Property investors looking for a bargain in Underwood should be aiming for at least -4.72% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Underwood being $511000 and the advertised rent reaching $405 the gross rental yield for property investors calculates out to be 4.12%
QLD has seen average median house prices change by 1.70% which means that Underwood, 4119 has done well for property investors by showing a capital gain of 0.98% over the last year
Comparing Underwood,4119 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Underwood is $361000, with sellers offering an average of -8.26% off the asking price.
In the last year 30 properties changed hands in Underwood, which puts it as the 235th most active market in QLD when comparing the number of sales per suburb.
Property investors should expect to get $351 weekly from the median priced house in this suburb.