Thinking about buying in Underwood? Now could not be a better time, with just 226 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $435,000 with prices in this suburb ranging from $26,000 to $1,447,000. The aproximate distance to the coast is 26 Km.
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Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Underwood due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Underwood provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Underwood necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
Lilydale District School
(While the above schools are located with the suburb of Underwood there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 5.8 | 21.0 | 30.6 | 50.4 | 89.6 | 4.1 | 22.8 |
Feb | 6.5 | 20.6 | 30.4 | 50.8 | 89.4 | 3.9 | 20.6 |
Mar | 5.1 | 19.5 | 29.8 | 50.0 | 90.9 | 3.5 | 17.8 |
Apr | 2.4 | 15.6 | 27.2 | 47.4 | 91.7 | 3.0 | 16.5 |
May | 1.7 | 11.6 | 24.1 | 45.3 | 91.0 | 2.8 | 14.1 |
Jun | 1.4 | 9.6 | 21.7 | 48.1 | 92.0 | 2.8 | 12.2 |
Jul | 0.7 | 8.4 | 21.9 | 41.9 | 90.2 | 2.9 | 13.2 |
Aug | 0.6 | 8.5 | 24.2 | 33.0 | 88.8 | 3.2 | 16.2 |
Sept | 0.7 | 11.7 | 26.4 | 35.0 | 89.0 | 3.6 | 19.8 |
Oct | 2.8 | 14.9 | 27.5 | 41.8 | 90.0 | 3.8 | 22.1 |
Nov | 1.5 | 17.9 | 29.7 | 41.2 | 86.6 | 4.2 | 26.0 |
Dec | 3.9 | 19.7 | 30.3 | 46.9 | 88.4 | 4.1 | 24.4 |
source: Australian Government Bureau of Meteorology
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