Located in Tasmania within the Launceston local government area, Underwood is a quiet locality (postcode 7268). It is home to about 391 residents, with an older-leaning population and a median age of 48. Households earn a median income of $94K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.3% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
The median weekly rent is $275 (Census 2021). The median monthly mortgage repayment is $1,411.
Public transport access includes 6 bus stops.
Looking at the investment signals, Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.