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Underwood suburb profile

Underwood is a small, rural-residential locality in north-east Tasmania where life is shaped by farmland, patches of native bush and tree-lined lanes. Housing is dominated by standalone cottages, farmhouses and larger rural lots rather than suburban infill, and the suburb attracts people who want space, privacy and a countryside outlook. Local day-to-day services are limited, so residents travel to nearby towns for shopping, schools and medical care, and travel is mainly by car along quiet country roads. Outdoor pursuits and a calm, low-density setting define the area more than commercial or urban activity.

Underwood property market performance

Like many smaller suburbs, Underwood sees relatively few property sales, so there isn't enough recent data to publish a reliable median price for houses or units. Over the last three months there were two recorded house sales.

Other market indicators are limited as well: median days on market and average rents for both houses and units are not published because there isn't enough recent data.

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Underwood demographics

A small community of 391 people, Underwood has a median age of 48 and a median household income of $1,812 a week, roughly $94,200 a year.

Households are dominated by families. Couple families without children are the largest group at 48.3% (57 families), and together with couple families with children, 41.5% (49 families), they make up about nine in ten family households. One-parent families account for the remaining 10.2% (12 families).

Homes in Underwood are overwhelmingly owner-occupied: 49.6% are owned outright and 44.4% are owned with a mortgage, so owner-occupiers make up about 94% of dwellings, while renters comprise 5.9%, roughly one in twenty homes.

Suburbs near Underwood

Some popular suburbs near Underwood include:

  • Lilydale: Small rural town with established farms and a quiet village atmosphere.
  • Karoola: Predominantly semi-rural, with rolling paddocks and scattered lifestyle properties.
  • Turners Marsh: A lightly settled area known for open fields and agricultural activity.
  • Rocherlea: Established residential suburb on Launceston's northern fringe with local reserves.
  • Dilston: A riverside semi-rural community with hobby farms and bushland pockets.
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