Investment property in Underwood has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.80%
Taking the average capital gain, or increase in median house value, Underwood,4119 has racked up an average of 1.80% over the period. This ranks it number 2089th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Underwood, 4119. Typically our figures indicate that -5.43% is being offered, which puts this QLD suburb at 2157th most discounted overall in Australia.
Renters in Suburb are facing rents around $24180 per annum or $465 every week.
With a capital gain of -7.30% for the last 12 months, Underwood, 4119 has performed for property investments than its average annual 0.09% property growth over the last 5 years.
Across a shorter period, Underwood, 4119 has seen a median price increase of 10.11% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Underwood is offering property investors an average of -6.19. This rate of discount on properties puts Suburb at number 207th in terms of most discounted suburbs in QLD
Often selling an investment property can take time, and in Underwood the average time real estate has been on the market is 98.5385 days.
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Median unit price: $400,000
Three-year growth: 8.7%
Rental yield: 4.3%
About 20km southeast of the Brisbane CBD, the suburb of Underwood saw growth peak at 14.3% in the 12 months to September 2018.
The steady boost in price increases since 2013, from 4.2%, to 8.7% and into the double digits, could indicate rising interest in the suburb over recent years. Underwood is affordable, with the median price for units coming in at $400,000. The rental market is favourable for both tenants and landlords – the average rent rate per week is just $330, while the average rental yield is reasonably high at 4.3%.
The Underwood business centre is composed of a mixed-use urban development that contains shops and offices. It is bordered by several roads, including Logan Road, Kingston Road and Compton Road. The Brisbane Technology Park is less than 10 minutes away by car.