Question 1

Is Underwood a nice place to live?

Accepted Answer

Underwood sits in Brisbane's southern corridor on the edge of the city and the Logan area and reads as a practical, working suburb where residential streets sit alongside commercial and light industrial strips. Much of the housing is modest brick homes on level blocks with pockets of more recent townhouse infill, so it tends to suit families, tradies and commuters. Local life centres on neighbourhood parks and sporting fields, and everyday shopping and services are found in nearby retail precincts.

Underwood is a community of 6,809 people with a median age of 34. The typical household earns $1,992 a week, which is about $103,600 a year.

Households here are strongly family-oriented: couple families with children are the largest group at 55.2% (1,017 families). Together with couple families without children (29.0%) they make up 84.2% of families. One-parent families account for 13.9% and other families 2.0%.

Homes in Underwood are mostly owner-occupied: 72.2% are owned (23.8% owned outright and 48.4% owned with a mortgage), while 27.8% are rented.

Question 2

Is it expensive to live in Underwood?

Accepted Answer

Buying a house in Underwood 4119 sits well above local incomes. At a median house price of $1,307,000, that is about 12.6 times a typical local household's annual income at the last Census. Renting looks less extreme but still takes a sizeable share: a house rent of $750 a week would use roughly 37.7% of a typical local household's weekly income at the last Census, and a unit at $600 a week about 30.1%. Which of those matters most depends on whether you plan to rent or buy and on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Underwood a good place to invest?

Accepted Answer

Over the past 12 months Underwood recorded strong moves in both prices and rents, with the clearest standout being unit rents. House values climbed 26.7% and unit values rose 11.9% over the year. On the income side, house rents increased 7.9% while unit rents jumped 33.3%.

Put simply, the biggest change this year was the rise in unit rental income, while house prices showed the larger capital gain. Which of those matters more will depend on whether you are prioritising rental income or capital growth.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.31M	N/A
Change in value Past 12 months	26.7%	11.9%
Sold Past 3 months	24	N/A
Median days on market Past 12 months	23	N/A
Average rent Past 12 months	$750	$600
Change in rent Past 12 months	7.9%	33.3%

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