Suburb Profile Report for Underwood QLD (4119)

Underwood House: Median price $542,944, Annual capital growth 3.55%, Number of sales 70, Weekly median advertised rent $460

Underwood Unit: Median price $349,000, Annual capital growth 0.32%, Number of sales 12, Weekly median advertised rent $390

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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QLD has seen average median house prices change by 0.78% which means that Underwood, 4119 has done well for property investors by showing a capital gain of -5.16% over the last year

Underwood,4119 has offered an average of -5.16% return per annum in house price rises to property investors over the last three years.

The most recent median price for Underwood is $542944, with sellers offering an average of -5.04% off the asking price.

In the last year 70 properties changed hands in Underwood, which puts it as the 308th most active market in QLD when comparing the number of sales per suburb.

Underwood is 527th on a list of best yielding suburbs for rents in QLD with a 4.41% return

Property value increases in Underwood have tracked just lower than the QLD average of -0.57% over the last 12 months.

If we look at median property appreciation over just the last three months, Underwood has given property investors a paper return of -3.72%. This puts Suburb as 262 on a list of fastest fasting appreciating suburbs in QLD

The QLD suburb of Underwood, 4119 is in the Logan (C) local government area.

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
$542,944 $349,000
-0.38% -3.72%
-5.16% -3.06%
3.55% 0.32%
$460 $390
70 12
4.41% 5.81%
58.7222222222222 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (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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