The suburb’s capital gain of 7.63% for the past year is higher than average compared to its 17.9% growth within a five-year period.
Also in UNDERWOOD, the median home price is sitting at $550,000, and the average rent at $450, this suggests property owners could potentially earn a 4.25% increase in gross rental yield.
Property investors have seen a 2.33% gain in UNDERWOOD based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.93% growth over a ten-year period. It ranks 2052nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.63%||10.68%|
|Median 3 years||14.7%||-3.41%|
|Median 5 years||17.9%||-3.39%|
|10 years average annual||3.93%||2.41%|
|Weekly media advert. rent||$450||$340|
|Time on Market||56.4 days||121.9 days|
|Gross Rental Yield Percent||4.25%||4.8%|