Suburb Profile Report for Underwood QLD (4119)

Underwood House: Median price $565,000, Annual capital growth 3.04%, Number of sales 80, Weekly median advertised rent $465

Underwood Unit: Median price $343,000, Annual capital growth 0.09%, Number of sales 17, Weekly median advertised rent $378

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

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.

Information supplied by:


December 2018

M
O

W
E

Steady uptick

Postcode: 4119

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.

Metrics i HOUSE UNIT
$565,000 $343,000
0.00% 10.11%
1.80% -7.30%
3.04% 0.09%
$465 $378
80 17
4.28% 5.72%
70.53125 98.5384615384615

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Good (U)
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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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