The suburb’s capital gain of 7% for the past year is higher than average compared to its 12.04% growth within a five-year period.
Also in UNDERWOOD, the median home price is sitting at $535,000, and the average rent at $430, this suggests property owners could potentially earn a 4.18% increase in gross rental yield.
Property investors have seen a 0.94% 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 4.75% growth over a ten-year period. It ranks 1697th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7%||-19.44%|
|Median 3 years||12.34%||-17.75%|
|Median 5 years||12.04%||-17.52%|
|10 years average annual||4.75%||3.87%|
|Weekly media advert. rent||$430||$350|
|Time on Market||54.6 days||128.9 days|
|Gross Rental Yield Percent||4.18%||5.78%|