Located in Queensland within the Logan local government area, Underwood is a mid-sized suburb (postcode 4119). It is home to about 6,809 residents, with a mix of families and early-career residents and a median age of 34. Households earn a median income of $104K per year, with an average household size of 3.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.1% year-on-year at the LGA level. QLD employment has moved +1.5% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. QLD also had 35 Commonwealth-backed major projects under construction, 16 underway, and 30 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Chinese.
Median house prices in Underwood stand at $900,000, having risen steeply by 10.6% over the last twelve months. Units have a median price of $545,000 (+13.5% YoY). The current median weekly rent is $730. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,950.
Public transport access includes 19 bus stops. The crime rate in the Logan LGA is higher than average at 8,043 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.2% (moderate yield). Property prices are near the state median ($900K/$1.1M). The price-to-income ratio of 8.7x is considered moderate. House prices have moved +10.6% year-on-year. Population growth of +3.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.