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Underwood, QLD 4119
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,295,000
market range $1.2M-$1.6M
Median Unit
$780,000
market range $750K-$825K
Gross Yield (units)
3.8%
1yr Growth (houses)
+20.9%
market range +10.0% to +27.5%
Investment snapshot for Underwood
Underwood has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Underwood market and investor summary
In Underwood, QLD 4119, the median house sells for around $1.3M. House prices have moved +20.9% over the past year. At 1.8% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.8% and a resident base that is not shrinking.
Living in Underwood: people, income and schools
Underwood is home to around 6,809 people, and the area has been growing steadily, up about 9% over five years. At a median age of 34, it reads as broadly working-age, and 71% of homes are owner-occupied.
The typical household income runs to around $104,000 a year (about $1,990 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 12.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 24% over five years, which tends to underpin what local buyers can pay.
Families have 32 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Underwood sits about 18 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 79 for walkability and 13 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 6,809
- +9% over 5yr
- Median age
- 34 years
- Median household income
- $104,000/yr
- Households renting
- 27%
- Family households
- 82%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 32
- avg ICSEA 1010
- Unemployment
- 3.3%
- Distance to CBD
- 18 km
- Walk score
- 79/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Underwood
View all →Frequently asked questions about Underwood
What should I check before investing in Underwood?
Underwood has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +20.9% in the past year shows strong recent price momentum. Tight rental market (1.8% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Underwood?
The median property price in Underwood, QLD 4119 is $1.3M for houses and $780K for units.
What rental yield does Underwood show?
The gross rental yield in Underwood is 3.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Underwood?
House prices in Underwood are up 20.9% over the past year. 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 Underwood?
The current vacancy rate in Underwood is 1.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Underwood?
Underwood has a population of approximately 6,809 residents, with a median age of 34.
What schools are near Underwood?
There are 32 schools within roughly 5km of Underwood. 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 Underwood affordable to buy in?
A median house in Underwood costs about 12.5 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Underwood's population growing?
The population of Underwood has grown about 9% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Underwood from the CBD?
Underwood is about 18 km from the CBD.
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