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Underbool, VIC 3509
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$420,000
list-price estimate
Median Unit
$330,000
Gross Yield
-
1yr Growth (houses)
+20.5%
market range +20.0% to +42.5%
Investment snapshot for Underbool
Underbool has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Underbool market and investor summary
Underbool sits in VIC, postcode 3509. House prices have moved +20.5% over the past year and +40.2% over three years. At 7.6% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 7.6% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Underbool: people, income and schools
Underbool is home to around 215 people, a number that has held fairly steady over five years. At a median age of 51, it reads as an older, established demographic, and 84% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $66,000 a year (about $1,270 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index).
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 13 for walkability and 1 for transit out of 100.
- Population
- 215
- +1% over 5yr
- Median age
- 51 years
- Median household income
- $66,000/yr
- Households renting
- 7%
- Family households
- 66%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 967
- Unemployment
- 1.3%
- Walk score
- 13/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Underbool
View all →Frequently asked questions about Underbool
What should I check before investing in Underbool?
Underbool has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +20.5% in the past year shows strong recent price momentum. 3-year capital growth of +40.2% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Underbool?
The median property price in Underbool, VIC 3509 is $330K for units.
What does recent house price growth show for Underbool?
House prices in Underbool are up 20.5% over the past year and up 40.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Underbool?
The current vacancy rate in Underbool is 7.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Underbool?
Underbool has a population of approximately 215 residents, with a median age of 51.
What schools are near Underbool?
There are 1 school within roughly 5km of Underbool. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Underbool's population growing?
The population of Underbool has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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