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.
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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.